Concordia Healthcare Corp. T.CXR.R

EURO-US dollar ,not pound sterling vs U.S. dollar

[ana852456]

Euro-US dollar
https://leave.eu/en/europe

REFERENDUMS RULE THE DAY

Recent surveys have shown that 40% of Austrians, 42% of Danes, 53% of French, 58% of Italians, 54% of Dutch, and 38% of Hungarians desired a referendum on their nations EU membership. Polling also showed that around half of Danes, Dutch and Italians would vote to leave the EU if they were presented with a referendum today. 

Official response from Concordia regarding the impact of Brexit and the weakened pound came June 28th:

The depreciation of the pound sterling relative to the U.S. dollar does not impact the Company’s ability to service its debt and meet its earn-out obligations in 2016. Beyond 2016, the Company will monitor its hedging needs. 

 

“Operationally, our Concordia International segment is continuing to perform as expected,” continued Concordia Chairman and Chief Executive Officer Mark Thompson.

[BagHoldersANON]

This post has been removed in accordance with Community Policy

[ana852456]

after IREXIT and other EXITS from US , Euro will be down and pound high,

[wallop13]

Oh god, then the shorts will say the GBP debt is increasing, lol.  As for MT being questioned by a shorter. Do you think the man is a complete idiot? Why would any drug company agree to have the Spanish inquisition done on them at a time like this. The man would be a fool if he agreed to that.

[ana852456]

CXR has sales, expenses , not only debt in UK. High pound=high sales, so ok to pay debt because of cash high. Low pound =low debt, so even that the sales are low ,the debt is also low=ok to pay debt. They have a good strategy, protected accounting.

[ana852456]

if you want to forecast  british pound it is better to be looking for the new EXIT from EU and Euro fluctuations. Just to have an ideea when it is the time to buy again or more CXR.

[Lattice]

This post has been removed in accordance with Community Policy

[ana852456]

This bank can do whatever ....now! They will adapt later , when will more EXITS.   CXR cogs are in euro.  > UK will not respect the EU accounting and EURO expenses because of the BREXIT. The expenses will be on the currency where will be incurred. CXR has sales on EU but a huge part of them in UK.Matching principle also invoked , these GBP expenses will be recorded during the period

[wallop13]

Well there you have it. I guess that justifies the drug price increases then :) Thanks Lattice!