Senetas annual report stated they would issue their full year forecast some time in September
The story thus far goes something like this :
$5 million profit already in the bag
$4.2 million in sales at the beginning of the year - they have stated that they expect margins to be greater than 25% which = another $1+ million thus far
So if your still with me we now have $6+ million in the bank
They are expecting security network sales to be approx the same as the professional services division which was $12 million
Allowing for small growth that gives us $24 million at 25% margin = 6+ million
Total profit = $12+ million compared with 3.2 million last year
You can work out the share price for yourself
kawartha
PS - Did I mention Safenet
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