BBG billabong international limited

fin review, page-47

  1. 762 Posts.
    If TPG pull out you would think they will unload there shares on market and there will be some panic which will drive down the SP and then it's load up time.

    "the current ex rate....now since june....the exrate has actually moved around 3%"

    Unfortunately the the AUD has started to rise again on the back of a higher unemployment rate which makes no sense,but with a few more interest rates cuts & higher unemployemnt the AUD should fall below parity with the US$

    UTS don't forget there will be further write downs.

    If TPG do they will have favourable currency exchanges.

 
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