I don't understand why this company holds US$. It resulted in a $7.5million loss for the year.
They don't pay expenses in US$ so don't need to hold US$.
The company should be selling US$ forward to the value of sales and not be exposed to to the exchange rate.
This is just a crazy strategy or a mark of gross incompetence. Whoever is responsible should be asked to reconsider there position.
Unbelievable. No wonder some of the posters missed the profit predictions.
Ann: Grange Full Yr Statutory Accts 12 Months Ended 31 Dec 2017, page-17
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.5¢ | $96.74K | 403.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311733 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 11914 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
