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SEN - Senetas Corporation

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Why is it going down so hard ???? The results do not appear to be that bad .
 
Hi there,

Yes somewhat puzzling. They did say +\- 15% which they are. No Divs, sure that doesnt help. We knew the sale was in the figures, remembering how far behind we were first half with the Lumpy sales.

Doesnt hurt me, this was play money, and always throught that this was a 3-4 year investment. Still holding, and will do so for a couple more years yet. I just guess the traders want their money yesterday, and are selling heavy today. Maybe still an announcement or two to go yet??

Good luck to all holders

B
 
Hi again,

Posted on another site, which sort of explains the big sell off. Numbers do not look good to me, though I dont have time myself to work them out myself

"Their NTA backing is down 11%.
Gross profit is down 10%.
Other income saw them earn $3.6 million from the sale of shares - hardy a core business activity or generic growth for an IT business.
Other expenses were up 27%.
Net profit for the period was down 5%.
Net profit attributable to members of parent was down 6.4%.
Cash & cash equivalents are down 59%.
Total current assets are down almost $12 million.
Basic EPS down.
Sale of goods was down 47%
Provision of services was down 20%
Other overhead expenses were up 34%
Net cash from operating activities down 24%"



B
 
End of the year is normally their best period. I am willing to keep put as I believe in this company and it shares price might become very attractive for top up
 
20% down yesterday and 10 % up today looks like the result issued yesterday might have not been that bad. I am holding on to this one as being in IT they appear to be a good company
 
Back up again. Maybe the correction of the misleading report announcement is helping this change
 
This was rather interesting at the end of the announcement:

Senetas advised the market in its preliminary profit report that it is progressing a corporate
alliance and strategic investment the nature of which is commercially sensitive, but which will
have a significant impact on the value of the company and which will be announced to the
market as soon as practicable.

Question is, do they mean significant positive impact?
 
they wouldnt spend our divvy money on a corporate allience that would be detrimental to the company,it cant be anything but positive.....right?
 
Something must be happening on this stock as the volume is quite high. Already over 3 000 000.
 
In Trading Halt. From previous rumours it should be an annoucement of partnership
 
hi there,

46 Million placement @ 55 cents to IKL something or the other. Big one is still ahead

B
 
Not sure why they went in trading halt yesterday to announce their annual report that I received in the post a couple of days ago.
 
suspension of official quotation now. Not sure if that is good or bad
 
Fab said:
suspension of official quotation now. Not sure if that is good or bad
Click to expand...
What are the implications of a suspension versus a trading halt?.
feeling a bit nervous..... got a shock when I l ooked at my position statement this morning.
 
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