Post by
Lumberfeverlong on Jun 24, 2016 1:24am
Debt in GBP
Does anyone know how much of CXR's debt is in GBP? If they are carrying a lot of GPB debt, the impact of the pound dropping significantly will be offset by the reevaluation of the GPB debt to US dollars. Also, since they are generating revenue In GBP, they pay in GPB without converting to USD. Tomorrow might not be a great day, but the potential longer term impact of the Brexit vote is overdone IMO.
Comment by
Roller007 on Jun 24, 2016 1:36am
Lumber: Cxr has some debt in BP but Brexit result will not help the SP tomorrow. We need the Bank of England to intervene to stabilize the pound right away. As long as it's 1.38-1.42 Cxr revenue should not be impacted much.
Comment by
MikeySwoosh on Jun 24, 2016 1:44am
£500M...or a little less than 25 percent of Concordia's debt at the time of the AMCo purchase. It won't fully offset the revenue loss, but it certainly mitigates its impact.
Comment by
Silverbull13 on Jun 24, 2016 2:15am
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Comment by
Silverbull13 on Jun 24, 2016 2:49am
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