SEN 6.67% 1.6¢ senetas corporation limited

It's been a rocky road for the true believers.My holding goes...

  1. 580 Posts.
    It's been a rocky road for the true believers.
    My holding goes back some time and I've averaged up since then.
    Now that the SENOA's have been converted (not bad for 9 cents all up) there will be some inevitable selling by some who need the money. For the others it's hold and wait for the buy-back to kick in in earnest. By my reckoning they have about 30 million shares to go. That will create some welcome buy-side pressure and mop up the sellers along the way.
    Then all we need is a good announcement, or several, and watch out above IMHO.
 
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