TSXV:NYX.DB - Post by User
Post by
bachturner2on Sep 23, 2016 4:38pm
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Post# 25272156
Brexit and effect on currency
Brexit and effect on currencyHas anyone had any thoughts on what 3rd quarter numbers are going to look like? Q2 ended June 30, 2016 if I am not mistaken. The big currency move happened June 24, 2016. So Q2 revenue numbers would have been in the $1.90 GBP/Cdn range versus $1.70 for Q3. Just wondering if we are going to get a shock in organic growth/revenue this quarter because the currency move. I understand most of the costs are in GBP but the main driver on bottom line is revenue/organic growth not costs. If anyone wants to correct me on my analysis please let me know. You are not going to hurt my feelings.