Post Brexit AIM bargain hunt
Opportunities for the astute investor?
By Michael Crockett
Foreign holidays may be more expensive following the dramatic post-Brexit fall in the value of the pound but for some AIM-listed companies this fall, particularly against the US Dollar, will boost profits considerably. There could be an excellent opportunity for canny investors who pick the likely beneficiaries before the market wakes up to the situation.
In this article AimZine highlights the sizeable impact a weak pound can have on the profits of some companies and considers two companies that could benefit greatly.
Follow Investors Champion’s comments on small caps daily on the Investors Champion Blog. Brexit - certain uncertainty The decision by voters last week for the United Kingdom to leave the European Union has caused considerable turmoil in the equity and currency markets. At the time of writing (30 June) the equity markets have recovered strongly to above their pre-Brexit levels, but the GB Pound remains weak. Against the US Dollar, the Pound Sterling is currently trading around the $1.325 compared to a level of approximately $1.50 immediately prior to the Brexit vote - a fall in value of the Pound…