SEN 3.85% 1.3¢ senetas corporation limited

Good turnaround. I have to admit I was sceptical as well.The...

  1. 35 Posts.
    Good turnaround. I have to admit I was sceptical as well.

    The balance sheet looks fine to me, it looks simply like cashflow timing. The cash will come.

    Receivables up, expenses down, paid their bills and just waiting for payment from their customers.

    It will take a while for the likes of fredick, gonesolow and others to get over the past.

    So far new management have been correct in their forecasts and if they are again correct in their full year forecasts then sen will have more cash and be in a much stronger position moving forward and we will all make money.

    Im back in for a punt.
 
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