A ball-park estimate of FX impact to CXR Q2 resultAssumed scenario:
- GBP/USD stabilize at 1.33 ( CXR say, uses 1.53 for base) so a 15% drop
- 60% revenue comes from UK & 40% from US, with Q1 result as base we have 0.6*0.85 +0.4 = 0.91
A 10% drop in revenue. Add as a conservative 5% to round up to 15%. The share price should have support at $26. The knee-jerk reaction or panic mode as to be expected from the market could lower it another dollar. But then it would be an excellent buying opportunity. A rebounce will follow after the dust is settled and it should takes a few days that is after middle of next week when the BP rebounds.
Remember : when they think the world is ending it is time to buy when you have capital, if not, then stay away from this board and stop checking sp. The storm will pass. Good luck to all of you.