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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by GoldBug024on Jul 12, 2016 3:43am
104 Views
Post# 25043429

RE:RE:RE:Debt in GBP/USD

RE:RE:RE:Debt in GBP/USDMaybe post the whole quote Lattice. Distort and short in full force eh? Again from the conference call but without the convenient omissions from Liartice: -------------------------------------------------------------------------------- Martin Landry, GMP Securities - Analyst [72] -------------------------------------------------------------------------------- But if euro weakens or strengthens against the pound that could have a pressure on your margins, right? -------------------------------------------------------------------------------- Adrian de Saldanha, Concordia Healthcare Corp. - CFO [73] -------------------------------------------------------------------------------- That would, but that's not something that we currently are actively hedging at the moment. The euro -- essentially if the euro strengthens versus the pound you also get your euro-denominated revenue increasing, so it's all a wash. -------------------------------------------------------------------------------- Martin Landry, GMP Securities - Analyst [74] -------------------------------------------------------------------------------- Okay, thank you very much.
Lattice wrote:
ana852456 wrote:
We have CXR in Canadian and CXRX in US , nothing in UK stock market.All must be in USD presented .If same debt, sales or expenses occured in GBP , there will be an exchange cous to USD.  
There is Canadian GAAP and US GAAP. Now, on TSX the company  can presente on US GAAP also. 

We can see the explanation on Notes-liabilities and they must also presente the cours exchange when they start to present de financial statements. 

When a company hasales and expensses in the same currency -GBP our case, it is already protected against fluctuations. If the fluctuation between the currencies is 0.3 for example, the total impact is much lower.



Wow.  Good luck trying to distinguish the meaning of this post from bag holder idealogy.  I don't know where to begin....  All I can offer is that they use non-GAAP (brilliant of them, as GAAP would have investors just burning their money to spead things up).  Once again I will reiterate (as you appear to be new to this bullboard) and you keep posting the same nonsense, the purchase of product is done primarily in Euro, and not pounds. 

From Q4 Conference Call, verbatim:  

Martin Landry:  "And the last question, in AMCo. you revenues are mostly in British pound but your costs are in Euro....  costs of your products are in Euro then....   How are you hedging your currency risks there?

Wayne Kreppner:  "So we are not hedging the currency risks relative to Euro.  But for the Euro demominated revenues as well as the Euro costs those are essentially washed."

Martin Landry:  " ..... But..... if the British pound weakens and the Euro strengths against the pound then that would have a pressure on your margins, right?"

Wayne Kreppner:  "That would, but that's not something that we are currenly actively hedging at the moment.....  "
 
And at that moment on the conference call, I was watching the share price in real time and investors HIT THE SELL and the share price tanked  -13%.  Nah... nothing to worry about, it will just wash.  LMFA.


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