I've seen a lot of comments in the past few months re MGX's forex hedging contract and the adverse impact on the bottom line this is going to have because of the drop in the aussie dollar. I have assumed that the expectation of this loss is now fully priced in to MGX's SP.
If they manage to re-negotiate the contracts to reduce the impact on the current FY, I would expect that to have a positive impact on the SP, whereas if they are unsuccessful and are stuck with the existing terms I expect there should be no impact on the SP - except in the current climate any bad news tends to get oversold so the SP may still take a hit even if it is already fully priced in.
Opinion anyone?
mgx forex hedging contract
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