The reason for today's sell off is that they are short 9-25% of expected guidance, with a possibility for it to be even further by June 2018 since "The guidance is based on an estimated AUD:USD exchange rate of 0.785. A 1 cent movement in the AUD:USD exchange rate is estimated to impact revenue and EBITDA by $500,000."
Hoping for a good recovery since it seems to be oversold and as others have said it remains relatively cheap in comparison to its peer group.
XIP Price at posting:
$1.14 Sentiment: Hold Disclosure: Held
