Per my earlier post, a 10% swing in the AUD can be expected to cause a circa 50% change in annual EBIT (my estimates). Given how thin margins are in H1, I hate to even contemplate what the currency induced noise might be in the H1 period. Trying to give timely/accurate updates for the top-line for H1 must be difficult, for the bottom-line it must be an absolute nightmare - and a meaningless distraction I would suggest (I suggest it tells us next to nothing about H2, and thus what the FY might deliver).
But the market likes it. What will the AUD in the next 6 months? Tighten your seat belts!
Per my earlier post, a 10% swing in the AUD can be expected to...
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$1.06 |
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Mkt cap ! $111.1M | |||
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