SEN 0.00% 2.4¢ senetas corporation limited

They have only dipped their toe into the water so far with the...

  1. 10,373 Posts.
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    They have only dipped their toe into the water so far with the buy back - 1 mio shares.
    Given they are sitting on a truckload of cash it is my hunch that after the option expiry date they will start to buy back in earnest.
    The only excuse I can think of for not being in the market very much so far is that to do so would have sfa impact on supporting the share price given the option related sales goning thru.
    Take away this "artificial" selling pressure, chuck in the share b/b and youd could soon see SEN back to 40c.
    Well thats my theory anyways (lol)
 
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