ALL 0.18% $67.75 aristocrat leisure limited

does the fall in the dollar hep this one, page-2

  1. 9,447 Posts.
    M12

    I'm pretty sure you already know that it will.

    A. will make their product more internationally competitive.

    B. Given that they report in Australian currency they will benefit from better currency translation reporting.

    C. ALL comment directly that strong AU$ impacts the bottom line so conversly weak AU$ should improve it.

    ....................
    http://www.gamblingcompliance.com/node/13854
    01/05/2008
    Gaming machine maker Aristocrat Leisure reiterated that challenging regulatory conditions, combined with a strong Australian dollar, would negatively impact their business in the coming year and the news drove their shares to a three-and-a-half-year low. Chief Executive Paul Oneile singled out changes in Japan’s pachinko market, smoking bans and a weakening US market as the main reasons for concern.

    http://www.bloomberg.com/apps/news?pid=20601081&sid=aRb6yHKgbe0Q
    Aristocrat Leisure Ltd., the world's second-largest maker of slot machines, said first-half profit slumped 44 percent as U.S. casinos cut purchases and a rising Australian dollar reduced the value of overseas sales.
    Currency Loss
    Gains in the Australian dollar cut earnings by about A$10 million during the half, the company said. The currency rose 8.2 percent against the U.S. dollar this year, the fourth-best performer among the 16 most-traded currencies. The dollar reached a 25-year high of 98.27 on July 15.

 
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