true there are a lot of options that can be exersized . expiry is 31 may so there will be an overhang of cheap 8c oppies hitting market . as far as PE goes you have that wrong , with a profit after tax of 4.9 mill for first half 05 on a market cap of 98 mill we will be approaching a forward PE of approx 10 . given there may be a dilution upwards of 100 mill shares which represents approx 30% of current issue that forward PE may blow out to 13 ish . given the growth you may possibly be able to value SEN on a higher forward PE so in affect after the profit taking option overhang there may be room for some upside . im thinking under 20c may be a good entry for those with patience . if all options are exersized it will add approx 8 mill cash to the coffers which is not all bad . also if you look at appendix 3B ann you will see a lot of these options have already been exersized . i havent done the figures yet but will do so over coming weeks . this company now pays a div with .75c paid in march . now if that is matched in second half it comes to 1.5c , on a price of 24c the yield looks healthy at roughly 7% . company states growth will continue through 06 . so in conclusion whilst SP may be stagnant for a few months due to overhang of cheap options the future according to company is relatively bright. before closing up i just checked last app 3b and 66 mill oppies are left to be exersized so a lot of overhang is already through . it is quite possible some of price weakness is people selling fully paids to finance option exersize . this action is now over so there may not be much more weakness coming .
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.42M |
Open | High | Low | Value | Volume |
1.3¢ | 1.4¢ | 1.3¢ | $3.912K | 300.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1368323 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 313023 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1368323 | 0.013 |
9 | 2103331 | 0.012 |
2 | 137272 | 0.011 |
3 | 950000 | 0.010 |
2 | 495000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 313023 | 3 |
0.015 | 283333 | 2 |
0.016 | 352000 | 3 |
0.018 | 22000 | 1 |
0.019 | 4500 | 1 |
Last trade - 15.39pm 28/06/2024 (20 minute delay) ? |
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