Tell me how does the decline in the Oz $ effect the income of IDL ?
I dont know the % income from overseas but most oversdeas income comes from Yuan which is pegged to the US $.
So from what I conclude IDL will gain from a decline in Oz $ to US $ (ie Yuan).
The rest is domestic income which has no impact.
So if the ASX falls due to Oz vs Yan $ the only reason IDL would fall is due to trend following
Is this reasonable ? Please comment
I would in fact expect IDL to have upward SP pressure due to falling Oz to US $
- Forums
- ASX - By Stock
- oz $
Tell me how does the decline in the Oz $ effect the income of...
-
- There are more pages in this discussion • 25 more messages 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 IDL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online