Agree that FX is a possible negative - especially f the Euro sales.
FX is all over the place for GLB. A stronger US$ puts pressure on the Australian business as it impacts margins because all products are imported in $US. The US business is helped by the strong $US as the sales convert to more A$. The European business will be negatively impacted as the weaker Euro against $US squeezes margins and the weaker Euro against the A$ converts to less A$ sales. Overall hoping it is not to negative because strong sales in all regions should see them push thru all the FX issues.
Agree that FX is a possible negative - especially f the Euro...
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Last
$2.90 |
Change
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Mkt cap ! $120.2M | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.92 | $2.90 | $31.07K | 10.69K |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 3000 | 1 |
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| Last trade - 13.32pm 21/06/2024 (20 minute delay) ? |
| GLB (ASX) Chart |