CER
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0.00% 32.0¢ centro retail group

aud now .8424, page-7

  1. fishbone
    56 Posts.
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    29/08/09
    16:44
    Post #: 5572628
    During CER's recent results presentation it was mentioned that the bulk of the hedges wont close until AUD is 90c US.

    This is apparently because there is some component of the hedging that is dependent on interest rate differentials between US and Aus as well as the exchange rate.

    I dont pretend to understand it. But I suspect that you should all be drinking coffee, not beer, for a bit longer.....

    CER Price at posting: 13.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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