Tory donor who supported Johnson bets AGAINST UK firms post-Brexit

Crispin Odey: This man supports the Conservatives in the belief that they’ll crash the economy. And they’re still saying they’re the party of financial responsibility.

What a charmer this Crispin Odey is!

After backing Boris Johnson to win the Conservative Party leadership contest, he has gone on to bet against at least 16 UK companies. He reckons their share prices will plummet post-Brexit.

We may safely (I think) conclude that he is making this prediction on the back of Mr Johnson’s win.

So he thought BoJob would be bad for the UK – and backed him to win in order to make money betting on British businesses crashing as a result.

And the Conservative Party is still taking money from such a person.

How utterly cynical.

Crispin Odey, the pro-Brexit Conservative donor, reportedly waged a £300m bet against some of Britain’s biggest businesses on the implication their share prices will crash after Brexit.

The multimillionaire hedge fund tycoon’s company, Odey Asset Management, is understood to have taken out £299m in “short” positions on at least 16 firms including Royal Mail and Intu, the shopping centre owner.

Shorting involves borrowing currency or shares and selling immediately in the hope of buying them back later for less and pocketing the difference.

Source: Tory donor bets £300 million on losses for UK firms after no-deal Brexit –

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  1. trev August 6, 2019 at 8:32 pm - Reply

    That’s typical of how these vermin operate, whether it’s a financial crash, a Recession or a War, there’s always some slimeball Capitalist making a killing whilst everyone else loses everything, their shirt and their job.

  2. nmac064 August 7, 2019 at 8:31 am - Reply

    Another smirking, overfed greedy and selfish traitor.

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