COF 0.82% $1.21 centuria office reit

question time for camden , page-5

  1. asf
    9,888 Posts.
    Holders would know about the link between the rising AUD and Coffey. From this article (sorry- unable to be read if you're not a member, but you can get a two week free trial):

    http://afr.com.au/p/business/companies/douglas_succeeds_olds_at_coffey_my1eNTjNxEETTJI16dFfqK

    ... it says that about 25% of Coffey's business is in USD contracts in trhe Middle East and US aid projects. The rising AUD is a bit rubbish for many of our Aus companies working elsewhere in USD's, I reckon. Having said that, companies operate in the climate they operate in, so Coffey will just have to give the market other good news to compensate.
 
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