re: here we go again- dividend forecast Approximately speaking,...

re: here we go again- dividend forecast Approximately speaking, considering the dividend payout on $28 million earnings in Senetas' first full earnings yearwas 1.65 cents, at $250 million earnings foecast in a few years the divie at the same rate will be 14.68 cents per share. If we apply a reduction to earnings due to tax and costs we may be looking at between 7 and 9 cents per share ff. If so this would give a dividend yield in todays prices of between 14 and 18%. I think some of the analyst reports I have seen give a very conservative growth outlook for earnings compared to what Senetas has given to the market and Safenet expects in sales growth. However it looks good to surprise your clients when growth exceeds your expectations, or alternatively a conservative analysis is less likely to be wrong, and more likely to impress your clients with a booming shareprice. Good for clients, good for business.