Senetas AGM, page-12

Should be so many good things to come.  They have good products, the markets are growing, but can they execute. Senetas is always a disappointer.....   

Anyway on balance I remain positive.

Not sure revenue will drop under 20m - they said h1 will be the same as h1 last year and that was over 10m.  We would hope that growing sales from other products would offset the loss of one customer of encryptors, so h2 could be over 10m as well.  Nice as it is to get handouts from the tax payer, I prefer to see revenue and profit growth.