Not sure re:CBA, BTA.
Im not sure how TRS manage the FX hegding book but with the AUD being forecast to drop (and pushed by the RBA) then you would assume it had forwards out for a large portion of their USD purchases. If a company has a large stock holding then as an importer they could aslo benefit from a dropping AUD although in this scenario I would question why the stock levels were high as it could be a sign of poor management.
The fact that it is now paying (based on 30c dividend) a 4.83% fully franked dividend also helps put a floor on the share price. I am not sure of the dividend outlook though or if management has suggested dividends will remain at that level
Not sure re:CBA, BTA. Im not sure how TRS manage the FX hegding...
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Last
$3.11 |
Change
0.010(0.32%) |
Mkt cap ! $116.0M | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.12 | $3.09 | $36.96K | 11.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1098 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.11 | 619 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| TRS (ASX) Chart |