Kain, I don't think that would be too big an issue.
While LCA might be listed in pounds its revenue stream is where ever the cases they fund are (AUD for the $120m pipeline) but moving into Asia / UK / Euro going forward. Kind of like buying CSL which is listed in Australia (AUD) but doesn't "devalue" when the AUD drops.
In a strange way it might also be beneficial if they raise a lot of debt in pounds which is their intention. Their debt would devalue but less so their revenue stream. Either way its not something that I worry about.
LCA Price at posting:
97.0¢ Sentiment: None Disclosure: Held