Haven't held CER for a while, but well done to the long-termers.
IMO what the $ rising will do is help clear out the hedge liability, which will remove a futre cash liability from the balance sheet. It will also mean that the value of the US portfolio will decrease as the A$ rises (if valuations remain the same). This is not a bad thing at present as the US debt will also fall in $A terms and the only covenants in the US are ICR based.
I think (remebering one a Defabstar's) old posts, is that CER entered some currency hedges when the $A was low against the US. This should be a big win if the $A holds IMO.
Defabstar is probably in a coma given the $A. Goodluck to all holders, hope you make alot more.
Cheers
- Forums
- ASX - By Stock
- CER
- correct me if i'm wrong...
correct me if i'm wrong..., page-12
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CER (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online