After the buy back there will be 430 million shares
The future look great for Senetas
From their announcement 4 days ago -
'The directors of Senetas believe that the continued growth of the SONET encryption market
predicted by SafeNet continues to support the Senetas earnings projections for 2005 and 2006.'
They said they expect to double profits fot the next 2 years - $8 million this year = $32 million profit in 2 years
At a P/E of 15 this gives us $1.12 share price or 350% SP growth over 2 years
Cheers
Kawartha
PS I'm holding
buyback. 31million to go, page-2
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
