Compare the pair, page-12

i agree Sen Management shows little respect for retail holders, but i think to much love for retail holders is equally bad. To be clear i am not having a go at TNT, and i hope they do well. All I was doing it simply making a comparison of valuations and comparative profit and cash flow. TNT market cap has built in significant profitability growth assumptions, they may meet and even exceed these, Senetas on the other hand has little to no Blue sky revenue projections in the share price/market cap. Having said all that, the key for Senetas is the expansion of revenue streams and the biggest global JV partners they have ever had. I really think the years of revenue stagnation and subsequent SP retrace and SH frustration is what presents the opportunity. I am feeling very confident we are entering a multi year revenue and NPAT upgrade cycle and I think a SP about 3 x todays is possible within 18-24 months. The biggest prize IMO is the virtual encryption capabilities that we arent even discusisng. the latent value in EON is also value rarely discussed these days

So much upside and limited downside is what is attractive about SEN
Good luck folks