Well they are hedged from an fx exposure of debt vs revenue as it will mostly be in USD.
However the debt is larger than their revenue & they report in AUD, so the fx effect means the debt increases more in Aussie terms than the revenue.
So a lower Aussie actually currently hurts them.
As they will be currently making a loss it exacerbates the problem further.
Another big drop in oil giving back most of the recent gains.
Shares indices down sharply as well.
Ain't going to be pretty Monday.
I covered my short too early! Doh
The buyers just keep on coming, page-36
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Last
$7.69 |
Change
0.050(0.65%) |
Mkt cap ! $24.97B | |||
| Open | High | Low | Value | Volume |
| $7.75 | $7.80 | $7.69 | $52.76M | 6.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 32086 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 27000 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |