Brexit related stocks

[SilverRanger]

I thought that it might be useful to some in getting a list of stocks which are getting hammered or benefiting from Brexit.

So I shall make a start:

Hammered:
CYB - This one is obvious
BTT - 60% of revenue derived from the UK
HGG - Again 60% of revenue derived from the UK
LLC - Exposure to UK residential - not sure about the %, but its share price isn't doing well lately
WFD - I think there are a few Westfield's in the UK, but probably not significant compared to its US exposure.

Beneficiaries:
Any in ASX? Overseas luxury goods like Burberry should thrive due to better exchange rate.

 

[skc]

I thought that it might be useful to some in getting a list of stocks which are getting hammered or benefiting from Brexit.

So I shall make a start:

Hammered:
CYB - This one is obvious
BTT - 60% of revenue derived from the UK
HGG - Again 60% of revenue derived from the UK
LLC - Exposure to UK residential - not sure about the %, but its share price isn't doing well lately
WFD - I think there are a few Westfield's in the UK, but probably not significant compared to its US exposure.

Beneficiaries:
Any in ASX? Overseas luxury goods like Burberry should thrive due to better exchange rate.

Sorry don't have time to give a description for each but I am sure you can research further yourself.

Personally I would include impact of a lower Euro as Brexit implications as well.

- IRE, CPU, MFG, QBE, MQG, AMC, BXB, ANN, RHC, RMD, CSL, COH, SHL, TWE, AVG, SGM
- GBT, EML, MMS, NWS, DMP

Can't think of any direct beneficiaries... but entire gold sector has benefited indirectly.

 

[notting]

MFG testing critical support.
Just love it when market makers are wrong footed.
Traders have been handed a banquet over the last week!

Credit Suisse has marked to market UK and global fund manager earnings on Brexit, Aussie fund managers are less affected. It's a good day for it.

After the UK managers have copped downgrades of around 10 per cent, CS favours Henderson over BTIM because Henderson is cheaper - 13 times earnings versus 17 for BT. The prospect of further losses for global equity markets cannot be discounted but are not factored into these forecasts.

"Operationally, Brexit is unlikely to impact the global asset managers to any great extent. Many operate under a passporting arrangement that allows them to sell into the EU," the broker says.

HHG 3.64 (when they released this)
BTT 7.47 (when they released this)

Can you believe FTSE was up last night in the end Homage to the falling pound.
Incedently on that. BHP fell just over 2% in London when pound dropped 10% It fell here 9%! (over next 16hrs). Good thing to keep an eye on!