Well they are hedged from an fx exposure of debt vs revenue as it will mostly be in USD.
However the debt is larger than their revenue & they report in AUD, so the fx effect means the debt increases more in Aussie terms than the revenue.
So a lower Aussie actually currently hurts them.
As they will be currently making a loss it exacerbates the problem further.
Another big drop in oil giving back most of the recent gains.
Shares indices down sharply as well.
Ain't going to be pretty Monday.
I covered my short too early! Doh
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$7.94 |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 100 | 7.900 |
5 | 23815 | 7.880 |
2 | 8000 | 7.860 |
8 | 14483 | 7.850 |
Price($) | Vol. | No. |
---|---|---|
7.960 | 1267 | 1 |
7.970 | 210 | 1 |
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