KAR 0.88% $1.12 karoon gas australia limited

Cash forex gains

  1. 395 Posts.
    lightbulb Created with Sketch. 1
    Well, point worth noting, at the end of the quarter we had $680 mill AUD cash.

    Tthe AUD-USD exchange rate closed the quarter at 81.84, today the aud to currently 76.54.

    Assuming KAR has 500 million of its cash held in USD, this adds ~ $35mill to the $680 mill kitty at the start of the quarter...

    They are spending $115 mill this quarter.

    Cheers,
    FB
 
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