SEN - Senetas Corporation

[UMike]

SEN paid me 0.75 cents/share on 31/3/06.. presume it will be something like that this year.. I hope.

I got that also.

I'd rather the share price go up by 1c.

 

[Fab]

Finally some news and it seems like it is good news from SEN today

 

[UMike]

Finally some news and it seems like it is good news from SEN today

Yep and opened higher.

But closed lower. Yet more losing shares bought today

 

[CanOz]

Yep and opened higher.

But closed lower. Yet more losing shares bought today

Too many weaker hands keen to unload shares IMO. Should consolidate for a while, take out some more supply before it can move up again.



Cheers,

 

[UMike]

Too many weaker hands keen to unload shares IMO. Should consolidate for a while, take out some more supply before it can move up again.



Cheers,

True. But today they were very big weaker hands.

 

[Mumbank]

God could the news get any worse!! What will the price drop to now?

 

[silence]

25.5c seems to be support...anyone buying up?

 

[UMike]

Really..... I have no luck with this Share.

I nearly sold half my holdings last night and today I almost bought at my long standing order of 25c.

Really the ann was what I expected (although not when I expected it) and if the loss was within the forecast range the SP may have even got back up to a respectable amount.

 

[UMike]

Last 2 days has really fired up.

Closed at 31.5c now.

Any clues????

 

[Fab]

Last 2 days has really fired up.

Closed at 31.5c now.

Any clues????

When are the half yearly result due and next dividend? My thought on the one is that the worst of the news is behind us and SEN were positive about the second half of the year. The problem is I don't know if I can wait for this one to bounce back in the current market.

 

[UMike]

When are the half yearly result due and next dividend?

You do know they issued a Royalty/profit downgrade with one of their partners SafeNet.
I haven't got my research handy but I believe there will be no divided.

My thought on the one is that the worst of the news is behind us and SEN were positive about the second half of the year. The problem is I don't know if I can wait for this one to bounce back in the current market.

I was hoping It'd get back to the 40- 50 cent mark but after the positive run it has now closed at 28c.

I'm gonna wait.... But it is more my stubbornness to recover my losses than smart business sense.

This is my highest loss company ever in my share trading.
I belive I'll be proved right one day and I wana be holding some shares at that time.

 

[Fab]

You do know they issued a Royalty/profit downgrade with one of their partners SafeNet.
I haven't got my research handy but I believe there will be no divided.


I was hoping It'd get back to the 40- 50 cent mark but after the positive run it has now closed at 28c.

I'm gonna wait.... But it is more my stubbornness to recover my losses than smart business sense.

This is my highest loss company ever in my share trading.
I belive I'll be proved right one day and I wana be holding some shares at that time.

I am a bit like you there but the problem I am having is why not sell take the loss and invest in a good company like BHP for example which is almost certain to go up.

 

[LifeisShort]

I am a bit like you there but the problem I am having is why not sell take the loss and invest in a good company like BHP for example which is almost certain to go up

I think thats the problem with investors who hold on too long and have attachments to the company. One needs to be unemotional when making investment decisions and a lot of punters suffer when they hold onto a stock that keeps pumping out bad news hoping for a turnaround. Like u mentioned its better to make a small loss andinvest into something different then a big loss and waste investment time.

Thats what I think anyway

 

[UMike]

I think thats the problem with investors who hold on too long and have attachments to the company. One needs to be unemotional when making investment decisions and a lot of punters suffer when they hold onto a stock that keeps pumping out bad news hoping for a turnaround. Like u mentioned its better to make a small loss andinvest into something different then a big loss and waste investment time.

Thats what I think anyway

I totally agree. I won't invest in API for this reason.

However.

There is nothing wrong in buying SEN for 27.5c or 25c and selling them for 30c or 31c. Then buying them back when they drop to 27.5c or 25c again.

I intend to make up my losses in dribs and drabs and this strategy is working for this share only.

 

[stiger]

I think thats the problem with investors who hold on too long and have attachments to the company. One needs to be unemotional when making investment decisions and a lot of punters suffer when they hold onto a stock that keeps pumping out bad news hoping for a turnaround. Like u mentioned its better to make a small loss andinvest into something different then a big loss and waste investment time.

Thats what I think anyway

Well said! Sen to me is just a curiosity now and taught me a lesson .Never ever believe drawn out convoluted stories like sen.Cheers[there is a hundred mobs just like sen out there and some of the stories are very similar be very wary and dodge the hype]dyor

 

[Frank D]

Last report in August 2006 needed SEN to close above 49 cents at the end of the month after the 3-week cross over, but it failed to do so….

If we follow the steps in the above chart…

#1 breakdown of the 3-week trailing lows in January 2006 (white step formation)

#2 breakdown of the 3 month trailing lows, and now trading below the 3-quarterly dynamic 50% levels (yellow dotted line)

#3 cross over the 3 week trailing highs, bouncing off the 3-quarterly dynamic lows in May 2006

#4 failure at the 3-month highs in August 2006

Now…. Bouncing off the 3-quarterly lows once again in January 2007..

What traders need to see is the 3-week
highs break again, and then for price to
move back above the forward projected
3-quarterly 50% levels From 1st April March 2007
(.035 cents)

A major breakout would see a breakout of .0048 in the following quarter from April 2007, confirmed with a monthly close above .0048 cents.

Expectation is then to move towards the highs in the following quarter from July-September 2007 (2-3month rally)

The critical technical level using the AMT model is the next quarterly dynamic 50% level starting in April 2007.

Frank Dilernia.

Not trading advice just use for educational purpose

 

[bigdog]

ASX ann today
SEN 10:06 AM Half Yearly Report/Half Year Accounts
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00695646

SP today with no change
SEN $0.265 $0.00 0.00 357,663 shares $96,245 @ 22-Feb 11:09:40

Senetas reports half-year results and restructures for growth

Half-year results to 31 December 2006:
• $1.5 million Net Loss

• Earnings affected by
o $500K lower than expected O/S distributor results
o $500K M&A costs
o $400K compliance cost
o $1.4 million R&D investment to maintain market lead

• Well positioned for growth by 2008
o Restructure complete, Senetas remains debt free
o Expanded global sales channels
o New world-leading products in development

Senetas Corporation Limited (ASX: SEN), today announced a loss of $1.5 million on total revenues of $5.7 million for the period to 31 December 2006.

The latest result was affected by significantly lower than forecast royalty payments from its overseas distributor and a series of one-off expenditures.
The non-recurring costs mark a new strategic emphasis on building distribution channels in new markets whilst maintaining Senetas’ market-leadership in encryption technology.
They include: merger and acquisition costs associated with the discontinued capital raising, research and development expenditure of $1.4 million on high speed network encryption and an investment of $400,000 to complete re-design of the company’s technology platform so as to be fully compliant with directives necessary to continue and increase sales to the EU.

While Senetas received a $1.7 million R&D payment from its US partner during the half year to December 2005, no R&D payments were received for the half year to December 31, 2006. After deducting the effect of the $1.7 million R&D payment, Senetas revenues for the 2005 half year rose from $5.5 million to $5.7 million for the same period in 2006, reflecting significant improvements in consulting services revenue through new business and re-engagements by clients.

Senetas CEO John DuBois described fiscal year 2007 as “a year of consolidation, building fundamentals for future growth through the balance of 2007 and, especially, from Fiscal 2008”.

 

[UMike]

Closed half a cent lower.

 

[doyoureallycare]

SEN-SENATAS

Ok i'll try again.


I have noticed a slight increase in volume and share price in SEN over the past week, especially today.

From what I've noticed in the past when this happens, an announcement shortly follows.

Just my opinion!

 

[LifeisShort]

Re: SEN-SENATAS

Ok i'll try again.


I have noticed a slight increase in volume and share price in SEN over the past week, especially today.

From what I've noticed in the past when this happens, an announcement shortly follows.

Just my opinion!

Who cares, its a dog who one shouldn't touch until fortunes have turned around.....one announcement means nothing when it has had a series of bad ones. Stick right away from this one IMO.