SEN 0.00% 1.4¢ senetas corporation limited

Book - the point is that FG did not need to buy any more shares...

  1. 264 Posts.
    lightbulb Created with Sketch. 5
    Book - the point is that FG did not need to buy any more shares as he already owned 139 million .He has increased his holding by a small percentage only. The most natural thing would be for him to continue holding ,as he picked all his shares up at 0.5 cents, and sit tight. He has undoubtedly learnt a lesson from when he sold out at around 45 cents to gain 1 million dollars only to see Senatas' share price plummet within a couple of months. This action for which he copped a lot of flak probably hurt him and so selling now would be imprudent. The main reason he has bought on market is that he sees the investment at 11.5 cents as a good one , the side benefit is that it provides us lessor investors with an extra degree of confidence when we see the now major share holder increasing his stake.
    So FG buying must be a very good indicator that he sees significant future growth for this company and I anticipate the new 100 Gig encryptor to be the catalyst for this growth.
    Last edited by demon54: 19/07/16
 
watchlist Created with Sketch. Add SEN (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $21.99M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
7 1570364 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 236023 4
View Market Depth
Last trade - 16.12pm 03/07/2024 (20 minute delay) ?
SEN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.