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Hi Pat, Firstly, Trump has no control whatsoever on what...

  1. TTH
    1,255 Posts.
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    10/11/16
    11:05
    Post #: 20512625
    Hi Pat,

    Firstly, Trump has no control whatsoever on what factories do in Mexico.

    Secondly, the RFX share price dropped in line with the rest of the ASX yesterday, and likewise is bouncing back again in line with the ASX. You might be the one reading more into the scenario than there is.

    I don't think any of the RFX valuations really take selling product to the US market into account (yet), so I'm not convinced there's a direct relationship between the election result and RFX, other than general market and currency effects in general.

    Re the affect of Peso / USD / cost to RFX for costs of production from Flex, I think someone should contact the company to find out, or wait for the AGM


    Cheers,
    TTH
    RFX Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
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