It is at times like this we need the help of Defab. I am having trouble working out the ramifications of the lower value for the USD and the high value for the AUD.
We have been concentrating on the rising AUD to ease the Hedge cost. The problem is that a high percentage of earnings are in USD. We don't know what percentage of our debt is in AUD. Earnings in USD but costs in AUD can be a huge problem. This problem must be one of the factors making the banks edgy especially for CNP but also for CER.
So Defab, if you are still tuned in, we need your help.
If there is someone attending the annual meeting they may be able to ask this question.
CER Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
