According to Goldman Sachs Britain is likely to enter a recession within the year as a result of leaving the EU.
A recession will create high unemployment and overall unrest in Britain which will lead to the proposed changes in the PI claims regulations to be put on the back burner as these changes are said to lead to a high loss in jobs which the government would not want when the economy was slowing into a deep recession !!!
The GPB will continue to depreciate during the next 12 to 18 months which will continue to reduce SGH's debt.
Roll on August 31 FY result we should see the SP back above 1$,,,,,improved times are coming for SGH.
SGH Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held