some research, page-10

Hi asf,

Sorry it took me a while to get back to you. If you ever want to ask me something specific just email me on the address below (sometimes a less public form of communication is better). Or get in touch here.

As with the currency issue, what I was getting at with the currency issue is that you have a natural hedge: overseas revenue, but also capex-like spending on regulatory approvals and initial sales forces for overseas expansion.

Thus, the "expansion plans" are made more difficult when the $A revenue streams are worth less.

However, you were absolutely right to question me... I spoke with the CEO recently and he seemed unfazed... which makes sense given the natural hedge. In the long term, I think its clear that a falling $A will boost revenue in $A terms!