Forex16 Sep 2022 13:22
With GBP/USD trading at almost a 30year low and since Avacta receives the majority of it’s License income in Dollars, it is so hugely beneficiary of the current currency situation.
However from a M&A point of view, anyone looking at part of Avacta in the USA, will find since the beginning of the year, the potential acquisition is now 23% or £64mill cheaper and off course any dollar license income the company should receive, is now 23% higher.
Last one was LG Chem, with $2 mill in renewal fee.