SEN 0.00% 2.6¢ senetas corporation limited

disappointed, page-3

  1. 10,373 Posts.
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    One disappointment after another, this latest is effectively a profit downgrade of $2 million.

    Questions need to be asked of managed about their lame-duck excuse of laying part of the blame on the strength of the Australian Dollar.

    If they employed prudent risk control procedures then they should have covered these foreign currency receivables through forward FX cover, thereby protecting their income stream.
 
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