EB, the numbers were posted in the SRX accounts under risks. Not my numbers :-(
I only used the 8% value to extrapolate but the 15% numbers are stated in the accounts.
In any case I take on board your points, but with an 80% margin, or thereabouts, most of the sales value gets back to Aus as profit.
As an aside I assume they are transfer pricing using the IP to be able to pay fully franked divies in AUS. Nice to see an Aussie company playing the transfer pricing game if that is what they are doing.
SP having another reasonable day so far although of the highs. Little on the sell side, so increase must be considered volatile.
Best.
SRX Price at posting:
$12.68 Sentiment: LT Buy Disclosure: Held