No direct impact on its fundamental business. Its core business carries on as usual.
Earnings in $AUD terms down due to devalue GBP but GBP cash earnings in short term go to paying GBP debt; therefore no impact of consequence on financials. Provided those reading report's understand the denomination in debt and reasoning behind results in $AUD terms.
Of most interest I believe is what will happen to the UK governement? GO and DC are behind Brexin so is there position tenable should the referendum exit?
If the UK government is destabilised reforms to personal injury could be put on the back burner indefinitley as more important issues of national stability for government to focus on. That would be good for Slater & Grodon.
Though polls are currently showing Brexit, the word is it will be close but likely to remain in.
SGH Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
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