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clock Created with Sketch. 11/02/19
21:17
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Originally posted by pavl:
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Hi ALL, I find some comments after the current announcement quite extrodinary as you would think that Senetas is going backwards or broke. The facts are that for the full year 2018 the revenue was $ 18.97m and the current figures are around $10.2m which woud become $20.4 for the full year. At the AGM, Wilson said that the 6months to December were going to be lower as a substantial amount of income would not come through until the new year.Therefore if the next 6 months are a small amount better , then a full year revenue of $23-24m is a distinct possibility. Also in the last few months the company have paid shareholders $4m in dividends and have spent $8m in acquiring a new company in Israel that they believe that next year will provide a further $3m in revenue as a starting point. So the big question remains as to why the SP has dropped from 10.5 to 7.5 without any negative issues coming forward??????. The reason is simple, Supply and Demand. Their are few big buyers out their as the company do not promote the stock and the brokers do not push new clients into Senetas and this causes the sp to drop because their are hundreds of small shareholders who have to continually sell stock to supplement their incomes. Finally their is no reason why Senetas should be at 7.5c today and as LORD BELL said earlier , with the prospect of the Australian $ falling even further this year, then Senetas revenue will increase even further.All I can say is that in the next 12months the chances of the SP doubling to 15c would appear bright, yet I asked my broker today if he could name me a stock on the ASx that may double my investement, and he could not name one///////
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You need to change your broker. While I am happy to hang in to see what happens, i think it is a bit of a stretch to say no bad news, or have you forgotten the impairment- one last year, one this year, so Senetas drops to a half year loss. While I am prepared to ignore that and look through to underlying profit, many will not.
(20min delay)