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View Poll Results: What would you personally prefer to happen?
I want the UK to stay in an ever-closer union 49 23.11%
I want the UK to stay in a loosely connected EU 68 32.08%
I want the UK out because the EU is bad for the UK 22 10.38%
I want the UK out because the EU is a bad thing 23 10.85%
I want the UK out because this would be good for the rest of us 17 8.02%
I don't really care 33 15.57%
Voters: 212. You may not vote on this poll

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  #4321  
Old 19.07.2016, 09:38
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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SoftBank paid 43% over its previous day's closing price. That covers more than currency dip.

Its a vote of confidence for the UK's future, but some in the UK are considering the sale a sad day for UK tech.
Being a global earner, the currency loss was made up with a rise in the share price even before the bid.
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  #4322  
Old 19.07.2016, 09:40
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I find it most ironic that you are welcoming a move that wouldn't have been necessary without Brexit to begin with.
It certainly would have been necessary for Sadiq Khan to promote business in London either way. Not sure if you saw his debate with Boris Johnson. According to him at the time, the economy would have largely collapsed by now. He gets it now, the UK needs to get to work and seize the opportunities of Brexit. That is commendable thinking.


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The 43% premium is nothing but standard fare for a takeover. The takeover isn't a vote of confidence in the UK's future but in the strength of that particular company.
Lots of Asia-UK activities reported,, as they aren't fazed by Brexit at all. They've already priced in the Brexit reaction.

http://www.bloomberg.com/news/articl...pound-s-plunge
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  #4323  
Old 19.07.2016, 09:45
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Being a global earner, the currency loss was made up with a rise in the share price even before the bid.
I assume ARM earnings are taxed in the UK. So while the company ownership is transferred to SoftBank, its economic output still benefits the UK. Theresa May called Masayoshi Son directly to thank and congratulate him.

I know its a bit strange, but there are a lot of Anglophile sentiment in Asia. I suspect its because of The Beaters - John, Paur, Geolge and Lingo.
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  #4324  
Old 19.07.2016, 09:54
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I know its a bit strange, but there are a lot of Anglophile sentiment in Asia. I suspect its because of The Beaters - John, Paur, Geolge and Lingo.
Mr Bean is massive in Asia.
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  #4325  
Old 19.07.2016, 09:56
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Mr Bean is massive in Asia.
Alright, so you guys better live up to it.
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  #4326  
Old 19.07.2016, 10:55
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Looks like some good is coming out of Brexit

"No EU exit for us, say Italy's on-the-rise Eurosceptics"

"Italians have looked aghast at the outcome of the Brexit vote, shocked by the rapid fall of political leaders in a nation previously admired for stability and common sense."

"The suggestion Italy might follow in the UK’s footsteps is broadly viewed as preposterous, with a post-Brexit poll finding that two thirds of Italians would vote to remain in the event of a referendum."

"Despite its Euroscepticism, the M5S (Eurosceptic Five Star Movement) is committed to EU membership.

Source
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  #4327  
Old 19.07.2016, 11:18
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Looks like some good is coming out of Brexit
Well of course Italy wants to stay in the EU: http://uk.businessinsider.com/imf-re...-2016-7-2016-7

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The country is also contending with a banking crisis, and a stagnant economy with crushingly low productivity, a history of missing growth targets, and generally underperforming the rest of Europe in recent years. All this led the International Monetary Fund to warn earlier this week of "two lost decades" for the nation.
Failing economies love the EU, as it ensures they keep getting money to prop themselves up and fend off, or at least slow, any impending disasters.

The stronger EU economies like the UK and Germany generally end up forking out for that.
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  #4328  
Old 19.07.2016, 13:46
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Brexit victim?

travel website Low Cost Travel Group has gone into administration.
Might get a few pounds back. Very few.

http://www.bbc.com/news/business-36834408

Always, ALWAYS check that your supposed UK holiday company is registered with ATOL.

Low Cost evidently dropped out of ATOL in 2013 which suggests they were already in trouble and could no longer meet any financial criteria needed. Brexit may have been the final nail, but it wasn't the only one methinks.
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  #4329  
Old 19.07.2016, 16:01
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Its a vote of confidence for the UK's future, but some in the UK are considering the sale a sad day for UK tech.
No it's not a vote of confidence in the UK's future, it's a vote of confidence in the future of the Internet of Things and the company that is designing the chipsets for the vast majority of these things.
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  #4330  
Old 19.07.2016, 16:22
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

It appears that a person's attitude to the death penalty is a more reliable indicator of how they voted in the EU referendum than their social class or income.

The link between Brexit and the death penalty

Two members of the new cabinet who support the death penalty (and Brexit) are David Davis and Priti Patel.
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  #4331  
Old 19.07.2016, 16:43
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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SoftBank paid 43% over its previous day's closing price. That covers more than currency dip.

Its a vote of confidence for the UK's future, but some in the UK are considering the sale a sad day for UK tech.

how so? considering ARM have offices all over the world but only 4000 employees, they don't actually produce anything except IP so the key people can be anywhere. all they are buying is the IP, nothing at all to do with confidence in the uk.
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  #4332  
Old 19.07.2016, 16:56
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

SoftBank purchase of ARM is nevertheless an investment in the UK, which was supposed to be plunged into an isolated, inward looking xenophobic country. This is a healthy sign of debunking Brexit gloom and doom.

With negative rates, I'm sure there are more possible purchases like this. The Asians are not deterred by Brexit. Not to say that the UK should sell all its assets to foreigners. I'm sure Theresa May's government is keeping an eye on these.
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  #4333  
Old 19.07.2016, 17:24
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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It appears that a person's attitude to the death penalty is a more reliable indicator of how they voted in the EU referendum than their social class or income.

The link between Brexit and the death penalty

Two members of the new cabinet who support the death penalty (and Brexit) are David Davis and Priti Patel.
Karma

So Brexit could lead to re-introducing the death penalty
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  #4334  
Old 19.07.2016, 17:31
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I find it most ironic that you are welcoming a move that wouldn't have been necessary without Brexit to begin with.


The 43% premium is nothing but standard fare for a takeover. The takeover isn't a vote of confidence in the UK's future but in the strength of that particular company.
"The 43% premium is nothing but standard fare for a takeover" And Softbank could offer this premium at practically no cost to them due to the new currency exchange rate!

I am sure we will see more such purchases.
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  #4335  
Old 19.07.2016, 17:34
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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SoftBank purchase of ARM is nevertheless an investment in the UK, which was supposed to be plunged into an isolated, inward looking xenophobic country. This is a healthy sign of debunking Brexit gloom and doom.

With negative rates, I'm sure there are more possible purchases like this. The Asians are not deterred by Brexit. Not to say that the UK should sell all its assets to foreigners. I'm sure Theresa May's government is keeping an eye on these.
if I go out and buy a Jaguar car, I'm not supporting the UK, I'm buying it because I want a spanky new Jag. If others see my actions as supporting the UK then so be it.
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  #4336  
Old 19.07.2016, 17:35
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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And Softbank could offer this premium at practically no cost to them due to the new currency exchange rate!



I am sure we will see more such purchases.


You obviously have not looked at the price & USD rate the day before the BREXIT vote, then looked at the price they are paying in USD now.
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Old 19.07.2016, 17:47
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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if I go out and buy a Jaguar car, I'm not supporting the UK, I'm buying it because I want a spanky new Jag. If others see my actions as supporting the UK then so be it.
If the steering wheel is on the right, and you kept it in the UK, I would say that you felt comfortable enough with the stability of the UK.

The point being is there is real value in the UK that just won't simply disappear into thin air because of Brexit. In fact, Brexit may increase some of these values.
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  #4338  
Old 19.07.2016, 17:48
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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SoftBank purchase of ARM is nevertheless an investment in the UK, which was supposed to be plunged into an isolated, inward looking xenophobic country. This is a healthy sign of debunking Brexit gloom and doom.
If you knew something about ARMs business, then you would also know that this company is not dependent on common market access, at all. They have zero manufacturing in the UK, and their products are chip designs, the actual manufacturing being done mostly in Asia.
They have centers all over the world, including a whole bunch of EU countries, and can hire talent as required.

Do you have any examples of companies that depend on single market access, and have European contracts to fulfill, announcing investment?
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  #4339  
Old 19.07.2016, 17:49
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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You obviously have not looked at the price & USD rate the day before the BREXIT vote, then looked at the price they are paying in USD now.
Softbank are paying in UK pounds which they are buying with Japanese yen
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  #4340  
Old 19.07.2016, 17:53
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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if I go out and buy a Jaguar car, I'm not supporting the UK, I'm buying it because I want a spanky new Jag. If others see my actions as supporting the UK then so be it.
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If the steering wheel is on the right, and you kept it in the UK, I would say that you felt comfortable enough with the stability of the UK.

The point being is there is real value in the UK that just won't simply disappear into thin air because of Brexit. In fact, Brexit may increase some of these values.
Jaguar is owned by an Indian company so basically you will be supporting India?

If you are buying it with Swiss Francs in the UK then you will see a big discount versus pre-Brexit.

If you are buying it in Switzerland then the Swiss importer also benefits.
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