Ann: Chairman's and MD's Address to Share, page-4

re: Ann: Chairman's and MD's Address ... Sorry, how do you get parity will cause another 10% drop taking it to 20%?

AUD/USD pair was quoted in full year result at 74c so at current 90.5c it has gone up 16.5c or 22% for the 10% change in npat, so parity would be another 9.5c or 12% change on the 74c so NPAT would be approx another 5%. Still not good but better than 10% :)

And to do the calc correctly you would have to do it for each of the main pairs that impact CSL result being AUD/EUR in report at 0.54, now 0.61 so only up 13% and AUD/CHF quoted at 0.85 now at 0.925 or 8.8% up.

Market seems to have expected worse and has liked the address it appears, $32.50 a bit of a wall at 70k shares on sell side.