RE:RE:RE:RE:RE:RE:RE:RE:RE:Debt in GBP/USDWithout Brexit the stock would be 33 to 36. Visionaryfool is correct. You might as well cover your short while you are ahead Lattice. Why fight seasonality? The short party is over here. No filing will be made here any time soon, so quit that dribble.
Lattice wrote: As I have said previously, Brexit has never been part of my short thesis - it only became lpart of the Apollo disastrously mishandled buyout rumours that it became a straw for the longs. Brexit is, and I will say it again, the least of the company's worries. Out of all the trade reports I have on the name, Brexit is only mentioned by one forensic accountant. That is not what is going to cause this company to file.
visionaryfool wrote: I'd disagree with this. The stock was trading at $30.50ish range on the day of the Brexit vote when the pound was trading 1.45 to 1.47 range. If the vote had gone remain, stock would've been trading at $33 to $36 range as the pound would've been north of 1.50 instead of the current 1.30.
You've saved some money but 40% is a bit rich. I suspect closer to 15% to 20%. Brexit has and continues to weigh heavily on the stock - just can't give credit where its not due.
Lattice wrote:
For those that have listened, I have saved them a 40% decline.