...except at the moment, the amount we pay in interest (in $s) dwarfs the FCF (mostly $s but other currencies as well). It's clearly a negative - come on chaps, let's have a bit of critical thinking here!!
Should be a winner for us, given the improved dollar exchange rate unless Traders are unaware that we're paid in dollars ! An automatic increase in Revenues for doing nothing differently can't be bad. Could this, alnong with loyalty to UK Industry, be the trigger we've needed to re-rate ?
Some of my US stocks I am holding just bounced up on their market open. I assume that must be because of the exchange rate change. At least I did something right holding those. Avanti should start to recover on the basis of the US$ rate in its favour.
I was just thinking of cashing in all my chips and moving to the Channel Islands before property prices plunge, costs of living goes up and taxes go up as well. Probably end up staying put as my wife won't let me go. Avanti is definitely one for the future and I will sticking around with this one.
The largest part of Avanti Group's revenues are in US Dollar . Therefore a strengthening US Dollar gives the Group a revenue headwind. So this is now good for Avanti. See Foreign Exchange part of www.avantiplc.com Good for me as my US residence just made me a bundle. Whoopee!
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