CNP
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0.00% 4.0¢ cnpr group

aussie dollar, page-2

  1. Ocker
    10,373 Posts.
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    04/09/08
    08:14
    Post #: 4228103
    However, it is quite possible the company has in place FX hedge contracts to protect their foreign currency balance sheet exposure.

    If this is the case, then depending on what AUD/USD rate the cover is in place at, the conversion back to AUD could create a loss.

    Alternatively, the USA asset may have been financed by USD debt. In such case there will be no FX conversion. Merely a reduction in debt.
    CNP Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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