Without the FX gains basically AGI profit is going down. Also you need to take into account the new US headquarters that's been built as well as the Nova acquisition needs to be paid for in US dollars. So how much US dollars can be converted back to AUD this financial year for FX profit is questionable.
It all depends on how well this A600 sells and if the online division can become profitable. As yet I haven't seen any signs of either happening. Until there's proof of that I wouldn't buy.
May test $2.66 shortly?, page-5
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