Re: Brexit benefits
Posted: Tue Nov 02, 2021 9:53 am
Would it bore people if I pointed out that Temptar already replied to that, and that it’s you who needs to keep up?
It’s boring me, for sure.
So you're letting me know that you are fully aware of something you raised already being discussed by Temptar and I, and Temptar agreeing that he saw no benefits for the company, and 'likely neutral for the EU', but you wanted to just be sure I read somebody else's post which also disagreed with you?
You agreed that this wasn't a benefit to the company, or the UK and was likely neutral for the EU. This is not a brexit benefit to any party you've identified but you just wanted to crowbar it in to a brexit benefits thread for some reason. Sorry for thinking you were a man.Temptar wrote:I didn't say it was a Brexit benefit for the UK. For Ryanair it is an inevitable cost of Brexit and for the EU it probably may be neutral. For some brokers, there will be losses and gains, probably delineated geographically.
It's a net benefit to the stock exchanges that the stock moves to - both because it increases the total value of the trading on that exchange, and because it brings some status to that exchange to have a well known company traded on it, which may well attract other companies to it.Bird on a Fire wrote: ↑Tue Nov 02, 2021 12:14 pmIt's not clear to me either who's supposed to be benefitting from this, by the way. Seems like it's an all-round lose?
Yup.dyqik wrote: ↑Tue Nov 02, 2021 2:01 pmIt's a net benefit to the stock exchanges that the stock moves to - both because it increases the total value of the trading on that exchange, and because it brings some status to that exchange to have a well known company traded on it, which may well attract other companies to it.Bird on a Fire wrote: ↑Tue Nov 02, 2021 12:14 pmIt's not clear to me either who's supposed to be benefitting from this, by the way. Seems like it's an all-round lose?
And that in turn is likely to have some knock-on benefits to the wider economy of the host country of the exchange.
Yeah, and the cafes, bars and coke dealers near the stock exchange.Bird on a Fire wrote: ↑Tue Nov 02, 2021 2:53 pmSo it's potentially a benefit to the stock exchanges of Dublin and Brussels, and perhaps with time the Irish, Belgian and EU economies?
Why? The customers won't move with the trading location, the whole point is to shed non-EU investment. Ryanair already trades in the EU, all that's happening is that they're finishing off the wind-down of London trading (they already started refusing non-EU investment). There's no new business involved, no new customers. I think you've completely misunderstood this news headline.
FIFDublinplodder wrote: ↑Tue Nov 02, 2021 3:00 pmYeah, and the cafes, bars and craic dealers near the stock exchange.Bird on a Fire wrote: ↑Tue Nov 02, 2021 2:53 pmSo it's potentially a benefit to the stock exchanges of Dublin and Brussels, and perhaps with time the Irish, Belgian and EU economies?
Oh, OK then, here's what I wrote adapted to take account of that:
dyqik wrote: ↑Tue Nov 02, 2021 2:01 pmIt's a net benefit to the stock exchanges that formerly LSE based trading in the stock moves to - both because it increases the total value of the trading on that exchange, and because it brings some status to that exchange to have a well known company traded more often on it, which may well attract other companies to it.Bird on a Fire wrote: ↑Tue Nov 02, 2021 12:14 pmIt's not clear to me either who's supposed to be benefitting from this, by the way. Seems like it's an all-round lose?
And that in turn is likely to have some knock-on benefits to the wider economy of the host country of the exchange.
But what makes you think the LSE-based trading will move to Euronext? The whole premise of this move is that they want to shed non-EU ownership to comply with EU rules. They've been refusing orders in London on this basis for ages. They're literally turning away paying punters to comply with a cranky EU ownership regulation.dyqik wrote: ↑Tue Nov 02, 2021 3:57 pm
It's a net benefit to the stock exchanges that formerly LSE based trading in the stock moves to - both because it increases the total value of the trading on that exchange, and because it brings some status to that exchange to have a well known company traded more often on it, which may well attract other companies to it.
What makes you think I said it would move to Euronext specifically?sheldrake wrote: ↑Tue Nov 02, 2021 4:02 pmBut what makes you think the LSE-based trading will move to Euronext?dyqik wrote: ↑Tue Nov 02, 2021 3:57 pm
It's a net benefit to the stock exchanges that formerly LSE based trading in the stock moves to - both because it increases the total value of the trading on that exchange, and because it brings some status to that exchange to have a well known company traded more often on it, which may well attract other companies to it.
I think it would have to, in order to increase the share of EU ownership. They aren't likely to get that from their Nasdaq listing either.
If any of the trade at all moves, then my point stands.sheldrake wrote: ↑Tue Nov 02, 2021 4:35 pmI think it would have to, in order to increase the share of EU ownership. They aren't likely to get that from their Nasdaq listing either.
ETA: To be clear, I think they're just going to lose non-EU custom rather than gain custom. They're ramping down London trading and already have a Euronext listing, so the London trade will just die rather than move.
https://www.businessinsider.com/uk-gove ... it-2021-11The UK Government proposed no measurable way to assess the success of Brexit, according to documents seen by Insider.
While other priority policies were given specific targets to meet, that could be judged to have succeeded or failed, the documents did not suggest anything concrete for assessing Brexit.
For many people who voted for Brexit the success criteria were not economic metrics over some timescale but 'did Brexit happen', 'did it result in lost sovereignity being returned to the UK' etc..Bird on a Fire wrote: ↑Wed Nov 03, 2021 4:49 pmApparently it's not just us struggling to define what constitutes a "brexit benefit":
https://www.businessinsider.com/uk-gove ... it-2021-11The UK Government proposed no measurable way to assess the success of Brexit, according to documents seen by Insider.
While other priority policies were given specific targets to meet, that could be judged to have succeeded or failed, the documents did not suggest anything concrete for assessing Brexit.
Apparently they're going for "narrative reporting", which presumably means just them saying things are benefits?
Of course, just because the government are useless doesn't mean we couldn't come up with a set of objective measurable criteria against which to test claims.