RE: Hedging4 May 2018 12:02
Hedging removes uncertainty and risk. It is not a case of predicting the future but more of knowing one's own future.
Management has learnt the harsh lessons of the impact of market forces on their trading performance result. It was probably nothing to do with competence, but more of not understanding the risks fully. They now understand it better and the only way is up, up, and away.