MYX 3.54% $4.36 mayne pharma group limited

decline of the aussie dollar a big plus

  1. 2,076 Posts.
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    the decline of the aussie dollar is a big plus for MYX as the revenue for 80% is derived from overseas (mainly US).

    with the ausie now @ 95c working on a 10% fall from $1.05 that makes an approximate gain in profits in $A of + 10%

    further, its my view that the $A has got at least another 10% to go before year end. so the bottom line is a theoretical total increase to the company value in $A of + 20%.

    rather have my $A deriving income from elsewhere rather than aus. at the moment - when its value in world terms is deteriating so rapidly.

    gk
 
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