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AUD deprciation equals increased profits

  1. 2,075 Posts.
    over the last 3 months the $A has depreciated against the currencies of -

    US....................10.8%
    japan................9.4%
    china................9.0%
    new Zealand ...5.8%
    brazil...............3%
    Europe............2.1%

    this has to make for an enormous increase in profits for the half year, and even more so for the full year as the $A continues to slide even further downwards...

    a few more days to the release of the hy results, which imo should propel the share price strongly up......

    those selling down at the current low prices are going to miss out on some really good profits due to a lack of patience imo ...............gk
 
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