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Northamber (NAR) -profitable but selling below net current assets

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campbed - Wed, 31 Dec 03 :

ahbruce -- I'm just saying that the USD weakness will be generally positive for NAR as the USD is the base currency of most of their suppliers (even if they have UK sales offices) whereas NAR does not sell in USD. Even if these UK sales office resist offering price reductions, NAR can look at more sourcing directly from offshore in USD. For those direct purchases they were already planning to make in USD then I'd guess they'd buy forward USD so the benefit of a lower USD might take that time to come through.


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