RFT rectifier technologies ltd

Weak AUD to give significant boost to profit?

  1. 22,120 Posts.
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    Stocks been in a pretty steady uptrend last few months and now having broken out I have it as coming back to back test breakout zone 1c/1.1c as support

    Next move I see is the big blow off top move towards all time highs 2c-2.4c and Im trying to work out a catalyst

    I think the weak AUD is going to give a surprise upside to the profit result


    This was from the Nov AGM

    "Review of FYE 2013-2014:
    •Full year profit of $576K on revenue of $8M; sales increased from 6.86M to 8M, +17.18%;
    Strong US Dollar and weak Australian Dollar has been a significant factor;"


    The AUD avgd 95c over that the 13-14 FY
    Its probably avg less than 85c over the 14-15 FY so this should give another "significant effect" in the FY results


    I wish @imran khan was still around to bounce this idea off

    @3500 would you agree with my thinking here?
 
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