SEN 5.56% 1.9¢ senetas corporation limited

Techbullish,You posted, "wow, bargain of the year, I am topping...

  1. 3,298 Posts.
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    Techbullish,
    You posted, "wow, bargain of the year, I am topping up my holdings, Sen one of the few companies that posted a profit in this current economic enviroment has set up a SOLID foundation for future growth."
    December Half year shows $141,812 profit & $499,649 for cashflow from operations, this could hardly be described as "Bargain of the Century" material.
    It may well be that SEN continues to improve, but labour costs make up a huge proportion of expenses & any downturn in sales could easy throw SEN back into a loss situation.
    A publicly listed company making $141,812 profit in 6 months is hardly big business, there are plenty of unlisted companies making multiples of this figure.
    Regards
    Buffett

 
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