I still am sticking in there for the medium to long term. Yes my average is low too so it is easier for me to be positive. IMHO SEN has still got great things to come and will reward us well. The announcement of new director will be early March, and interim results will be announced also early March due to a delay in converting from Australian to International accounting standards and more strict rules of the ASX , they have until the 31st March, so I've been told. Not worried about delays in ann of 1/2 year results as we all probably know they will be down due to delays into Q1 & Q2 2006. But I am busting to find out who the new director is. They are still forescasting 11 mill to 6/06, they still have an objective of asx200 and 250 mill in sales within next 3 years. By the way 250 mill is not the world wide market it is SEN's objective. It is an objective not forecast. We do need some positive announcements about sales and orders I agree with everyone on that. They will come. When is the million dollar question.
Just remember some of our big deals come from the American Govt. and the delay in their budget has caused delays in orders from safenet and SEN. Delays is the key here. The orders will still come. We will be rewarded. The Govt. here is really slow on the uptake too. But they will order and SEN will grow I am sure of that. Mr Connolly's influence in getting contracts won't kick in overnight but it will reward us.
In the meantime yeh I reckon too that a TO is iminent. Something is going on and a substantial holder will announce soon IMHO. Conjecture.
As for the buyback if you ring Senetas the answer is that they have a strategy and the past dividends and the very near interim dividend payment is very much part of that.
Good fortunes to those who hold. :-)
SEN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
