SEN 3.70% 1.3¢ senetas corporation limited

a positive move, page-21

  1. 10,373 Posts.
    lightbulb Created with Sketch. 4
    re: mondays share price Try as I do to look at Fridays announcement in a positive light it is difficult to see this Board reshuffle as good news.
    The stepping down of the Chairman, and the resignation of the director we are told was/is responsible to stitching together a company changing deal, BEFORE the deal is announced as being finalised cannot be good.
    In a commercial sense, any company would want to keep the key players in place until such a deal was finalised, bedded down, and the new forwards plans put in place.
    Aside from that, I am sure that both gentlemen would have prepare to step down with a signed/sealed/delivered deal to their credit.
    On the other hand, maybe the deal is all finalised but the SEN PR machine "forgot" to issue the "good news" press release at the same time as the other announcement (now that wouldn't surprise me!!).
    Monday sure will see an interesting start to trading.
    ps why did they wait till the market was closed to release the announcement?
 
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