pound freefall will hurt isf profits

While i believe in the story of ISF... shareholders should be alerted to the further fall in profits and share prices.

the continual devaluation of the GBP from in 2 months from the 0.55 to 0.60 is going to destroy whats left of ISF's profits.

By the time June comes around, currency translation losses will reduce what margins are left by a further 10-20% in AUD terms.

In addition to the short term negative impacts of the CSC negotiations.

Have sold out of ISF, despite having to realise a heavy loss, and will look for an entry mid to low 40s.

As always, DYOR.