There was nothing wrong with their hedging strategy.
Hedging locks in surety of revenue, and most large corps hedge their prices as well as the currency. Otherwise you are gambling.
Its easy to say "oh everyone knows copper is going up". Last June, USD was at .86 and trending down, no-one could see it being on parity 6 months later. Everyone that locked in forward fx revenue of .86 now looks like a genius.
HGO management have problems, but hedging strategy is not one of them.
Z
- Forums
- ASX - By Stock
- HGO
- a business approach to hedging
a business approach to hedging, page-6
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HGO (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.7¢ |
Change
0.001(1.79%) |
Mkt cap ! $119.4M |
Open | High | Low | Value | Volume |
5.8¢ | 5.8¢ | 5.6¢ | $178.3K | 3.165M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 263140 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 115400 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 263140 | 0.056 |
16 | 1478031 | 0.055 |
9 | 1084622 | 0.054 |
8 | 541869 | 0.053 |
3 | 769230 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 115400 | 1 |
0.058 | 1099979 | 2 |
0.059 | 505551 | 3 |
0.060 | 4632132 | 3 |
0.061 | 85051 | 2 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
Featured News
HGO (ASX) Chart |