You are mistaken. You are only looking at half of the P&L. If the company generates revenue AND pays costs in USD, the net result is that if you make a profit then higher USD is good, if you make a loss then higher USD is bad.
As ASB usually makes a profit in the US business (with the exception of this year), then the rising USD is good.
Also, yeah there is plenty of downside. My back of the envelope calculation suggests about 15-20%. That would be a full closure of the US operations and only minor maintenance contracts for the US constructed naval ships.
You are mistaken. You are only looking at half of the P&L. If...
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Last
$3.13 |
Change
-0.035(1.11%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.17 | $3.10 | $1.366M | 437.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 734 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 3119 | 19 |
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| Last trade - 13.59pm 29/11/2024 (20 minute delay) ? |
| ASB (ASX) Chart |
