MES mesbon china nylon limited
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The AUD:RMB exchange rate is now down to 6.27, which is an over...

  1. Jazzisalive
    3,958 Posts.
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    23/09/11
    10:13
    Post #: 8999810
    The AUD:RMB exchange rate is now down to 6.27, which is an over 6% strengthening in the RMB. This will make the translated Aussie earnings look even better vs forecast (which assumed a 6.70 exchange rate).

    So either the SP rises 50% to the takeover price, or we continue to hold shares in this super cheap highly performing business.
    MES Price at posting: 22.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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