Fingers crossed here, but would think AX1 should move a little higher this week, Christmas, Boxing Day sales ahead seems to put some air in the sails.
I had a brief look over AX1 full year for FY20 and it mentions they have US dollar coverage between 66c-70c, obviously with the Aussie dollar travelling much better lately this should improve not straight away, but likely for the back end of FY21 and into FY22, so they should hopefully have coverage of 70c-75c and could make a fair difference to margins.
Supply and Demand, page-7
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$2.36 |
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