I thought that after emphasising their strong position during the economic downturn, they rather spoiled it by bringing up the need to re-capitalise the company.
While it might be useful for growth, SEN is on the long list of companies who have appeared to squander past capital raisings and remorselessly dilute their holders. If their last result was really solid, they'd surely give it another year in this environment to build value for existing holders before announcing they'd like to dilute them again.
SEN Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
