Hi Guys
I don't want to sound like an unjustifiably bullish guy, so i have refrained from too much commentary , but the only thing i can say Votiros growth is substantial and a cash flow break even in 12 months will be an amazing outcome given they only recent launch of this product as a Saas model. when it was initial launched in Japan years ago it was sold a perpertual licence offering. The business has only really started transformed in the last 2 years.
I believe the scalability and TAM of the business is so big that it will eventually be spun off, sold or Senetas will be acquired. A business like this will ultimately find its way to a big global owner
I completely get the negativity, and dont think for one moment i am not displeased by the price of the rising, buut the difference between raising at 5 3.8c for 5 m is 37m extra shares on issue, which is not really that dilutive when one considers the shares on issue, but i imagine Sen management imagined they would have won the US defence contract by now and we would be trading much higher by the time the raising come around. I still think relative to Sen Votiro will become a much bigger business and will create substantial value for SEN shareholders.
It wont take much for Sen to announce a couple of big wins and for sentiment to change. I would like to see the MD pick up a few shares
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Ann: Senetas successfully completes A$5 million share placement, page-28
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2.2¢ |
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Mkt cap ! $34.56M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $32.93K | 1.545M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 47000 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 218974 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 47000 | 0.021 |
5 | 561932 | 0.020 |
2 | 1530000 | 0.019 |
4 | 1352436 | 0.018 |
1 | 124000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 218974 | 1 |
0.023 | 197000 | 2 |
0.024 | 879121 | 5 |
0.025 | 246059 | 3 |
0.026 | 703235 | 2 |
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