One of the big keys to this stock will be the currency. Last year they state that it hurt them to the tune of about $6m but as the annual report states the currency has turned up and would appear to be tailwind now....at around 79c Aussie there would seem to be about $4m to "play with" i.e the company could keep it as profit or spend it on promotion/product.........I would hope most is kept given the recent profit history!.......if that is right, then adding about $1m in debt cost savings, profits could be up 25% on that basis alone this year.
Just some thoughts....not sure what others might be thinking?
MCP Price at posting:
$1.37 Sentiment: Hold Disclosure: Not Held
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