SEN 0.00% 2.6¢ senetas corporation limited

Senetas AGM, page-15

  1. 232 Posts.
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    HI all. I am astounded that investors are concerned that one of Senetas customers went elsewhereso the market should have being informed. The company cannot announce who they sign new contracts with and as FG said , they have not announced the 4 new contracts that are replacing this one with.People seem to forget that in the last 4 weeks the company have spent over $12m of their cash, with $4m going back to shareholders so I presume that management are pretty confident of the future to do this.Why don't we report that FG said that EON will either list in the US or be sold off and the 5% stake that Senetas hold should give the company a ""Substantial return'''' . I would assume that this could result ina further dividend being paid. Andrew Wilson said that they will have a better idea of sales from Gemalto in Jan 2019 , but his comments were not negative as the first 6months results will be affected by a higher spending on R&D and any large orders from Gemalto can change the picture very quickly.
 
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