I am not pleased with how the market reacted to the announcement, feeling disappointed. Andrew Wilson's communication lacks clarity. To address concerns, perhaps can we, as a group, come together to answer the following questions or consider reaching out to Wilson via email for further clarification.
What was the segment revenue for Senates in FY2022?
What was the segment sales for Senates in FY2022?
What was the segment profit for Senates in FY2022?
Regarding the facts of the announcement, there are some positive aspects to consider.
The segment revenue for FY2023 is expected to increase by 5-10%, indicating growth.
Additionally, the segment sales for FY2023 are projected to rise by 100%, which is a significant achievement.
Furthermore, the segment profit for FY2023 is expected to increase by 70%.
However, it seems that Vitiro, is not performing as well as anticipated. The sales growth and cost controls for Vitiro is slower than desired, possibly indicating the challenges faced and being controlled by a small player (Senetas ) trying to maintain ownership and control. To foster growth, it would be beneficial to bring in new talent at the board level, as the current members might be too old and resistant to change.
SEN Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
