SEN 0.00% 2.4¢ senetas corporation limited

15c under pressure early, page-25

  1. 2,493 Posts.
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    Yes, the Senetas price has been under pressure - and may continue to be so for a while yet.

    I recommend that shareholders take another read of the half year report, as it clearly states both the full year profit expectations (-$2m to +$400k range), and the timeframe for an expected upturn (2008 Financial year). New distribution channels take time to set up and then to build a closing pipeline (12-18months).

    If the company has significantly differing expectations from these, they are obliged to provide the market with this data. I presume that their silence just means the last statements to the market are essentially correct.

    The company essentials are solid. Management appears to be much improved over the prior regime & turnarounds require time.

    Furthermore they have been absolutely clear to the market, so quit your bellyaching.

    Sell if you wish, but I shall hold tight & maybe add.
 
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2.4¢ 2.4¢ 2.4¢ $7.082K 295.0K

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