You forgot to mention there's not much downside too. I had...

You forgot to mention there's not much downside too.

I had discussed with you about the operating money in term of higher usd.
I said higher USD will crimp its profits in the US operation in mobile Abalama for its LCSs.

I meant the lower AUD making it harder to pay for engineering workers in USD where the LCS 6 has been in maintenance and testing works.

Since the start of January until now the AUD has shot up to 75cent from 69cent. This will make a bit different to pay for the wages in USD term.

The company did reduce its hedges to the USD so any rises in AUD will be better in net cash balance.

The next financial report will surprise investors mainly because of the good currencies management. I might be wrong.

If you think Trump will win this election then the USD will fall very hard. It's on the rise because of good economic data in the US but political uncertainty will save no currencies like the Brexit and the Pound.

The LCS6 is very successful. The Navy is very happy about the test but they always want more and more features on the frigate. The representative did mentioned that will make it harder for the builder to archive high margin for its fixed contracts amid that they also want to choose cheaper operator.

If LCSs are built in WA then I don't need to worry too much because I know AUD is a rubbish currency.

I should wait to see how it will pan out but I'm not patience to discard any cheap as chips stocks with bright future. I hit another buy today.

http://breakingdefense.com/2016/05/navy-wants-lcs-frigate-upgrade-a-year-earlier-2018-not-2019/

http://www.*.com/new-navy-frigate-w...s_only=0&get_all_comments=1&no_reply_filter=1