SRX 0.00% 17.5¢ sierra rutile holdings limited

Ann: Investigation of Concerns around CEO Share Trading, page-81

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  1. 8,917 Posts.
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    If it goes to 70c and stays there, it would bring the full years profit back into line. However for the longer term, profits based on FOREX values can be very temporal.

    If the US economy keeps on its upward trend and US rates increase 3 times next year, then the Aussie may come under pressure and go sub 70c again. At the mid 60s, there is a very nice bounce in NPAT, as we saw in the GFC.
 
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