SEN's PR piece is nothing to write home about IMHO.
Deal is only for two years. If the Saudis thought this was the greatest technology since sliced bread (or whatever) they would do a deal for more than two years.
Also there are likely to be a few mouths to "feed" in oiling the wheels of commerce in Saudi.
Of course this would go under the heading 'agents' fees' but that's the way things work in that part of the world. Don't know if the agents "fees", if explained in complete detail and honesty, would pass muster with regulatory authorities here.
What SEN needs to do to TRY and rebuild credibility is to announce three half results in a row where they exceed expectations.
Reinstating the Dividend would also assist. Dropping the dividend after having introduced it shows anything from over optimistic management expectations to a number of scenarions I don't want to contemplate.
I'm not holding my breath re either of the above rebiuild thoughts.
SEN Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
