Nice post mydog. Notwithstanding the steady decline in the share price, your even odds offer for a drop to 8.5 cents seems quite mean. My value model for this stock sees that the current price is at about the "right" level. This is based on a bullish PER of around 30 (above the sector average I know) and a FY earnings outlook ($1.5M at bottom of range) that I believe is conservative. Technically, however, 7.7 - 8 cents seems to be the support. Market sentiment will defeat fundamental analysis most of the time IMO. Lets hope the next SEN announcement is a favourable one...
Please DYOR.
SEN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
