RE:RE:Entering at 27.70As long as the UK cash flow can be fully employed on UK expenses and pound-denominated debt, the UK currency effects should be neutral. If any cash flow is left over, there will be an unrealized foreign exchange loss associated. Ideally, such leftovers can be used to accelerate debt repayment; otherwise, the unrealized loss has potential for tax use back in Canada (any tax accountants listening, please correct me if this is wrong).
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wordless wrote: 20% of the debt is in pounds. 20% of the debt got 7% cheaper. USD consolidate revenues and profit from AMCO will be lower. Although I agree that it's not a huge deal. But important to note most of their debt is still in USD.