FLC fluence corporation limited

Yep it was, and the real issue with Fluence Argentina is the...

  1. 5,697 Posts.
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    Yep it was, and the real issue with Fluence Argentina is the hyperinflation .. this was a larger issue when PDVSA was generating a large chunk of revenue, which if you remember was hedged and split between other income (FX gains) and revenue. This is why they missed guidance last year, a classification issue (even though funds were collected in USD, all of it couldn't be recognised as revenue).

    From a cash collection point of view, the business was fully hedged.

    I suspect any contracts in that region will be fully hedged i.e. all proceeds to be paid in USD.

    However as you can see above, the figures are not that large post PDVSA.
 
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5.8¢
Change
0.001(1.75%)
Mkt cap ! $62.94M
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