MCP mcpherson's limited
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Inventory for Christmas would have been finalised many several...

  1. Ocker
    10,373 Posts.
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    23/09/10
    08:43
    Post #: 7232080
    Inventory for Christmas would have been finalised many several months ago.

    Aside from that, as stated by the company, they cover their forecast FX requirements 6 months forward. The average AUD/USD fx rate for the 1st quarter of this calendar year was 0.9046, and for the 2nd quarter 0.8823. In short, most likely the inventory for the Christmas sales period has been covered at around 0.8823.
    MCP Price at posting: $2.88 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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