Post-Brexit, HFG offers defensive and high predictability of growth as it sells quality basic food products, for which there will always be continuing demand, to successful blue chip multiple retailers in the developed world. In FY15, 62% of HFG’s turnover was earned in countries outside the UK with a wide geographical spread. HFG has FX translational exposure (so depreciation of sterling should be good for reported profits) but little transactional FX exposure, as HFG’s internati ....