Hi Midlife
If the A$ gets to parity with the US$ thats a negative effect of about 10%. But the SP is so undervalued that that pales into insignificance. E.g. todays SP went up enough to compensate for the A$ going to around 96c.
Then theres the same $ exch rate effect on Asset values offset by Debt values.
And I dont know what their forex hedging position is.
But in summary, I dont think the A$/US$ exch rate is a major SP factor.
This really appears to be one of the overlooked REITs. It too will hopefully come right.
- Forums
- ASX - By Stock
- RNY
- up 11% (1.5c)
up 11% (1.5c), page-7
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RNY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online