SEN’s repetitive PR fluff filled announcement shows:- NTA backing plunged. Revenue was down. GP was down Employee benefits & expenses were up solidly. Trade receivables down. Inventory up. Receipts from customers down. Tax bill down (saving them money). Net cash flows used in financing activities last year cost them $6.5 million and this year zero.
Nothing flash on the immediate radar and they are hoping things improve in 2008. A lot can happen between now and then.
I also got a laugh from their comment that their result would have been better is they had got the same R&D payment as last year.
The result would also have been better if they sold more stuff, paid less in exec & staff costs, etc, etc.
Also no indication on how much their furtuive fundraising efforts cost them. And we still don't have a name for the investor relations person whereas once we did have a name.
Their range on full year PBT of anywhere between a loss of $2 million and a profit of $400,000 is as big a ball park as i can recall for an outfit this size. Obviuosl they can't or won't pin it down to a narrower band and this does little to inspire investors.
Speaking of investors, i wonder if there are any instos left in this stock?
SEN Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
