Time is getting near for Galbally and Wilson to step aside and hand Senetas over to a new team of management.
-Senetas has been treading water for years
-Opportunities for growth are routinely missed, and it appears Senetas has missed one of the greatest opportunities in a lifetime to grab a hold of the cyber security market, at a time of unparalleled risks to governments and organisations
-Senetas' growth in sales and profits is tepid at best, and the dividend was poor
-Investments are constantly being written off, showing a naive approach and a basic misunderstanding of finance and investing
-Shareholder value is not being achieved, this company is valued at a fraction of what it could have been
-Senetas management are unable to articulate a basic plan for growth, let alone achieve it
-I see another 2 million options to be granted to CEO Wilson at the AGM
-The social media strategy shows ineptitude and naivety, with constant spelling mistakes and limited traction in posts on LinkedIn and Twitter.
-It's less than an hour until the AGM and Senetas hasn't even released an AGM presentation or Chairman's speech
-Senetas shareholders and employees feel extremely let down, the company is ten years behind where it should have been, and this must come to an end soon.
Regards
HB
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