Rand is key - did they see it AND hedge the risk??????

[Fhydvjtfg]

With such a large percentage of ATR's earning made outside of SA, the strong rand must be messing up the earnings figures. With the share price at an all time low (75c) does any one know any other reasons for the fall in share price, besides the strong rand? Please tell me that ATC hedged themselves against the rand strengthening? Does any one know if ATR has any kind of hedging policy? I don't remember reading anything about this in the last financials. Like I say, if they didn't...then the 75c may be justified, and if the rand remains at these levels for longer (e.g. 7.3 - 7.5 to the USD) then I suspect ATR could test 67c before long. Risk is still to the downside, and the trend is my friend! Peace!

[topgun]

You must also factor in the earnings dilution caused by the BEE deal concluded subsequent to ye. - the funds so acquired will only start to contribute to income over time. Besides the currency impact, this will also be reflected in the forthcoming interims - clearly the market is correctly anticipating a nasty?

[Harathke]

ATR has a policy of NOT hedging against this risk. While there might be natural hedges in its business, I doubt it has changed this policy since it communicated it.

[topgun]

and there she goes...

[Galuc]

Ouch this is harsh??