COF 0.82% $1.21 centuria office reit

Holders would know about the link between the rising AUD and...

  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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