a word to the wise, page-39

Lord bell
when someone sees only positives - it’s problem
similarly when someone sees only negatives it’s also a problem
Your negativity is excessive - and although I agree the management have proven themselves to be poor , I don’t agree Senetas is in terminal decline . I am looking to renter . Funds have been allocated to some resource exposures ST , but Sen is closer to being cash flow positive than it has in last few years
I sit in the middle with a slightly positive stance - I don’t hold so I can be considered as objective to an extent