I'm not convinced all the Brexit knee jerk reactions are over in the short term. But that is what they will be. There will be a few sharp drops and fast rebounds.
In the medium term on one knows how Brexit will play out. The first few months of business after Brexit happens (if it happens??) will give some idea on later impact on banks. Even if there is a world of defaulting coming up for the whole of the region, that will take some time to actually materialise.
In the short to medium term, I think this share has a lot of upside. Without a crystal ball, after that is anyone's guess.
CYB Price at posting:
$2.00 Sentiment: Hold Disclosure: Held
