Bandicoot and Bridgebaron,
Both of your statements are correct. The above calculation shown by Bandicoot represents the estimated cash position of the outstanding hedges as at 31/12/08.
As far as the reported profit/Loss of ROC, they do mark the hedge book to market resulting in large non-cash adjustment to the P&L account.
As the hedge position is likely to be in the money as at 31/12/08 compared with it been out of the money by US$58.6M as at 31/12/07, there should be a large credit in the 2008 P&L account from these hedges. Could be as high as $58.6M + $13.2M = $71.8M credit.
It should be noted that the US$176.4M liability in the 30 June 2008 half year accounts will be wiped out and replaced with an asset valued at about $13.2M.
(Note the actual value of the hedges will be recalculated by ROC using the hedge curve as at 31/12/08)
Regards
SP
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Bandicoot and Bridgebaron,Both of your statements are correct....
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Mkt cap ! $8.616M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
1 | 1996 | 8.5¢ |
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Price($) | Vol. | No. |
---|---|---|
11.0¢ | 75773 | 2 |
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No. | Vol. | Price($) |
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1 | 1996 | 0.085 |
1 | 100000 | 0.070 |
1 | 73530 | 0.068 |
1 | 50000 | 0.067 |
1 | 15000 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 75773 | 2 |
0.120 | 4872 | 1 |
0.130 | 203571 | 2 |
0.135 | 29500 | 1 |
0.140 | 40258 | 2 |
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