Ausheds - accounting my friend, accounting.
If LYC has profits of $100 US, at a 10% up tick when converted to AU$, would yield $110m. This would be the reported trading profit (assuming no overheads or financing cost etc)..
Now if they had to pay back $100m US of capital it would cost $110m. So in one way it is a wash, but from an accountancy point of view the capital repayment is higher, and until repaid will show as a finical cost for the difference on the ongoing accounts.
From an investor point of view it is important to separate these items as a capital repayment is a one off event, but the trading profits are ongoing, one trusts.
please explain, page-20
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Last
$6.56 |
Change
0.050(0.77%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.51 | $6.59 | $6.49 | $8.348M | 1.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16304 | $6.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 2708 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |