ATP 0.00% 9.7¢ atlas pearls ltd

Morningstar - 10 Cents Valuation, page-35

  1. 364 Posts.
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    I’ve spotted on the ATP website that the company still accepts payment in AUD, Yen and Indonesian Rupiah, as well as USD, but bids must be in USD and the company applies a fixed and published (pre-auction) exchange rate between the invoiced currency and USD. The rates in September were slightly in favour of ATP compared with market rates. So that’s effectively requesting payment in USD.
 
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