I like companies that communicate well. Have some that do and this is certainly not one of them.
However it is on a Pe of over 28 -pretty fancy for a small hardware company, so it is hard to argue it is undervalued. The price will go up if sales happen and if full year and half year figures get released showing a big jump in revenue and profit.
That obviously has not happened yet otherwise an update would have been released. The full year figures next month will show a big drop in revenue and profit as per guidance in February - price might even drop more. This would be a correct response.
If there is a jump in revenue and profit in February price will go up again. I am actually happy when the market responds to facts rather than hype.
A board's job is to see the company runs its business well and produces increasing profits. If it does that the share price will follow.
SEN Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
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