a $50,000 investment @ an average price of 8c will return to you with the current " return
of capital ( dividend ) FY2019 " - $ 288 ....just laughable when you consider their remuneration
....and the CEO has the nerve to put it as a highlight in his presentation...
you could buy a new laser printer cartridge for christmas ....seriously , what are they thinking ..lol
Another $2m to be paid for Votiro , which will likely kill any decent dividend for another year...
they mentioned they signed 7 new clients for Votiro , but no mention of the size of the client or
revenue ...which usually means it's not significant and we will be writing another lost for next year...
Lets have a look at their performance this year ...only a 12% increase in revenue ..a drop in net
profits reporting a loss ....a drop in SP from 11c to 7c ...thats almost a 40% drop and they got a
pay rise ! This company is always kicking the can down the road ...
Interesting that FG in his chairmans report seems to be distancing himself from AW and his perfomance
as CEO in this oxymoronic sentence ..
" Senetas is excited about its future revenue growth prospects as a result of meeting these
milestones but frankly the board wants considerably more growth than we are presently
seeing "
It's good to see they are excited ...lol
glta
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