well done you bought A2m near bottom and sold near top ....

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Autosime

20,449 Posts.

2010

14/06/21

23:44

Post #: 53836484
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Originally posted by Dave Down Under: ↑

Hello Book

whilst I don't have the answers to any of your questions let me just say this.

I first bought into SEN about 23 yrs ago when I arrived in AUSTRALIA and started working at an IT company that sold security tags made by SEN with the naive preconception that IT security was the future and I was going to make a lot of money on this share.

Over the following 20 yrs, the SP went from my buy in price of $1 to less than 10c whilst the BOD would have continued to have earned very healthy salaries year on year.... I had always wondered since around 2000 why the MD, CEO and directors of small private companies like SEN typically got paid around $500K plus when Gerry Harvey of HN was only paying himself around $200k a year and investing the difference of what could probably have been a $1 million per annum salary into the business.. (sure he probably earned millions in dividends but the principle still concerned me)

I eventually managed to break the emotional link I likely had with the share 3 yrs ago and sold my smallish holdings reinvesting it into a dairy share that was then about $2

About 2 weeks later I read a post from one of our long time posters (possibly Autosime, Risk101, Mr Biscuits etc) announcing that a very large global IT distie had just been awarded exclusive distribution rights for a new product called Votiro and seeing as I had worked for said Disti some years prior I figured that based on the positivity of the poster and the quality of the business it could only mean a re-rate would follow in no time so I bought back in.

The SP dropped by around 2c within a couple of weeks and this time around I immediately sold out and took the loss.

That was about 2 yrs ago now and the SP has since dropped by around 50% since then.

Meantime, a little over a year ago I sold my little dairy share holding that I bought from my SEN sale at $2 a share for $17 a share and used the proceeds to buy my newly L plated son a 3 yr old car for around $17k to get to uni .......

Had I held on to the SEN shares instead he would today be catching the bus.

So to all of you still long suffering shareholders, GXB, Schmidlap, (does Tamz still own... ) , Every time you get excited after reading one of autosime or risk101s posts about what prospects the next 6 - 12 mths holds .. I would suggest you also consider what prospects other shares may hold and think about a little thing called lost opportunity.

For those that remain holders, including autosime and risk101... I sincerely hope for you all that there is indeed a large pot of gold at the end of the SEN rainbow .. because lord knows you will have certainly been more patient than most in that wait...

And, Book, ... regards that question about waiting for replies to questions from the likes of FG... if you google his name it appears evident that he is an extremely busy man who may not have a lot of time to be personally responding directly to any of your emails... I have seen him being interviewed on Sky news shows periodically about subjects that have nothing to do with SEN so it may be you would need to wait on investor relations personnel or until their AGMs I guess.

Good luck.

Dave

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well done
you bought A2m near bottom and sold near top . Excellent foresight and timing.

SEN Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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