XIP 0.00% $2.46 xenith ip group limited

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  1. 2,249 Posts.
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    The reason for today's sell off is that they are short 9-25% of expected guidance, with a possibility for it to be even further by June 2018 since "The guidance is based on an estimated AUD:USD exchange rate of 0.785. A 1 cent movement in the AUD:USD exchange rate is estimated to impact revenue and EBITDA by $500,000."

    Hoping for a good recovery since it seems to be oversold and as others have said it remains relatively cheap in comparison to its peer group.
 
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