Thanks BkrDzn for your input.
My $10 m estimate addressed not only the premium for the current $US 68.5 m but also incorporated a guesstimate for further trades the MMI Q report mentioned. The Q report "The company continues to monitor currency markets closely and may look to increase this option position if attractive pricing opportunities arise". I think by addressing only the revenue side the company has forgotten about the natural hedge with liabilities denominated in $US. I do not think the $A will move back to 0.85 and is more likely to go below 0.7. I am invested in 7 other ASX companies that do not do put or call options.
From my experience when a CFO leaves and is replaced by an interim CFO and the company is to "carry out a comprehensive CFO recruitment process" then more often than not the CFO has been pushed. I hope as a shareholder that the current drop in share price is not a sign of insiders getting out before the bomb drops.
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- Re: Forward cover of exchange
Thanks BkrDzn for your input. My $10 m estimate addressed not...
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Last
4.1¢ |
Change
0.001(2.50%) |
Mkt cap ! $243.5M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.0¢ | $459.6K | 11.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1091145 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 672161 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1091145 | 0.040 |
4 | 2873245 | 0.039 |
7 | 3085000 | 0.038 |
15 | 6827190 | 0.037 |
11 | 2345953 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 672161 | 1 |
0.042 | 484057 | 4 |
0.043 | 1000000 | 1 |
0.045 | 380750 | 2 |
0.046 | 430000 | 3 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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MMI (ASX) Chart |