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Wow. This looks ridiculously sick. Been watching for a week for an entry point but not seen one. There could be some bad news about to hit.
SEN - Senetas Corporation
- Thread starter Lachlan6
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Well that announcement fixed it.
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Nice to see volume building back on this one. Also was interesting to see that the announcement that the company made was in response to rubbish being bantered about on other share forums which was actually quite rampant. I think it reflects positvely on this website that no one here particpated in those rumours on this webiste. Shows how well this forum i actually run. Congratulations.
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SafeNet plots channel plans
Rob Irwin, ARN
23/02/2006 06:52:09
US-based information security vendor, SafeNet, is planning to increase its channel sales following its acquisition of local security specialist, Eracom, in December.
The company operates a largely indirect model across Asia-Pacific but had its local figures skewed by the acquisition. With Eracom now accounting for a large percentage of its Australian operations, SafeNet regional sales director, Michael Ho, said indirect sales had dropped to about 40 per cent of its business.
"We currently have a mixed model in Australia because, to date, organisations such as banks have preferred to buy direct from Eracom," Ho said. "It was an Australian company and they had good relations with it.
"We would now like to flip that to 60 or even 70 per cent channel by the end of this year. The rest of Asia-Pacific is almost 100 per cent through the channel already."
Ho didn't envisage banks minding the switch to dealing with resellers in the future once they were made aware of the added value that could be derived from such a relationship.
SafeNet products are distributed locally by ACA Pacific and LAN Systems. Traditionally, it has also worked closely with Melbourne-based integrator, Senetas.
Ho said he was currently in discussions with LAN Systems to work out which resellers would be coming onboard to sell its full range of products.
Rob Irwin, ARN
23/02/2006 06:52:09
US-based information security vendor, SafeNet, is planning to increase its channel sales following its acquisition of local security specialist, Eracom, in December.
The company operates a largely indirect model across Asia-Pacific but had its local figures skewed by the acquisition. With Eracom now accounting for a large percentage of its Australian operations, SafeNet regional sales director, Michael Ho, said indirect sales had dropped to about 40 per cent of its business.
"We currently have a mixed model in Australia because, to date, organisations such as banks have preferred to buy direct from Eracom," Ho said. "It was an Australian company and they had good relations with it.
"We would now like to flip that to 60 or even 70 per cent channel by the end of this year. The rest of Asia-Pacific is almost 100 per cent through the channel already."
Ho didn't envisage banks minding the switch to dealing with resellers in the future once they were made aware of the added value that could be derived from such a relationship.
SafeNet products are distributed locally by ACA Pacific and LAN Systems. Traditionally, it has also worked closely with Melbourne-based integrator, Senetas.
Ho said he was currently in discussions with LAN Systems to work out which resellers would be coming onboard to sell its full range of products.
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Half year reports out.
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What do you think about this?
Senetas 1H NPAT drops 84%
2/03/2006 By: Stephen Blaxhall
IT security solutions company, Senetas Corporation Limited (SEN) reported a net profit after tax (NPAT) of $917,745 for the six months ended 31 December 2005, representing a 84% decrease from the previous corresponding period’s (“pcp”) result of $5.05 million.
The group noted that the fall in NPAT was associated to one off charges incurred from the extraordinary general meeting held during December 2005 and additional outsourced costs related to the Senetas Shareholders Action Group (“SSAG”), estimate at approximately $550,000.
The Senetas Chairman and Group CEO, Mr Francis, reiterated that the group still forecast a full year profit before tax in excess of $11Million.
“These half year results confirmed our previous guidance and reflect a period of delayed sales internationally, due to US Congress and US Senate delays in processing the Federal US budget, which are now coming through.” commented Mr Galbally.
The company reported that the result was based on revenues of $7.2 million for the six-month period, with the result impacted by the failure of the group to book a multi million dollar sale prior to 31 December 2005, which the company now forecast would be delivered this quarter.
“If not for these costs and the delayed Government order the Senetas profit would have been closer to $3Million and our operating cashflow would have exceeded $4Million,”
“Whilst revenues will improve considerably our concentration is in insuring that we retain profit margins,” said Mr Galbally.
The company declared an unfranked interim dividend of 0.75 cents per share.
Senetas 1H NPAT drops 84%
2/03/2006 By: Stephen Blaxhall
IT security solutions company, Senetas Corporation Limited (SEN) reported a net profit after tax (NPAT) of $917,745 for the six months ended 31 December 2005, representing a 84% decrease from the previous corresponding period’s (“pcp”) result of $5.05 million.
The group noted that the fall in NPAT was associated to one off charges incurred from the extraordinary general meeting held during December 2005 and additional outsourced costs related to the Senetas Shareholders Action Group (“SSAG”), estimate at approximately $550,000.
The Senetas Chairman and Group CEO, Mr Francis, reiterated that the group still forecast a full year profit before tax in excess of $11Million.
“These half year results confirmed our previous guidance and reflect a period of delayed sales internationally, due to US Congress and US Senate delays in processing the Federal US budget, which are now coming through.” commented Mr Galbally.
The company reported that the result was based on revenues of $7.2 million for the six-month period, with the result impacted by the failure of the group to book a multi million dollar sale prior to 31 December 2005, which the company now forecast would be delivered this quarter.
“If not for these costs and the delayed Government order the Senetas profit would have been closer to $3Million and our operating cashflow would have exceeded $4Million,”
“Whilst revenues will improve considerably our concentration is in insuring that we retain profit margins,” said Mr Galbally.
The company declared an unfranked interim dividend of 0.75 cents per share.
SEN has reported $1.75 Million NPAT on $7.2 Million Sales. This includes the $550,000 SSAG value
In order to reach its full year forecast of $11 Million NPAT SEN needs another $38 Million of sales by end of June.
That is nearly $10 Million per month. That is a HUGE ask, but I am sure they have already accumulated some sales since 1 January - soon to announce.
It boils down to whether you have faith in the compay /CEO. He has re iterated time and again that first half is down BUT lots of work in the pipeline and second half will recover all.
So, assuming you believe the companty the big announcements should flow thick and fast .
Add a series of announcements for new security system integrator distribution agreements, and cypher blade switching developments, and we can expect much good news over the next four months.
It is the distribution and cypher blade developments that should theoretically add the greatest value to the share price because the $11 Million NPAT should already be priced in to the share price.
Personally I think every new announcement will add anyway to the share price as people become aware of SEN for the first time.
In order to reach its full year forecast of $11 Million NPAT SEN needs another $38 Million of sales by end of June.
That is nearly $10 Million per month. That is a HUGE ask, but I am sure they have already accumulated some sales since 1 January - soon to announce.
It boils down to whether you have faith in the compay /CEO. He has re iterated time and again that first half is down BUT lots of work in the pipeline and second half will recover all.
So, assuming you believe the companty the big announcements should flow thick and fast .
Add a series of announcements for new security system integrator distribution agreements, and cypher blade switching developments, and we can expect much good news over the next four months.
It is the distribution and cypher blade developments that should theoretically add the greatest value to the share price because the $11 Million NPAT should already be priced in to the share price.
Personally I think every new announcement will add anyway to the share price as people become aware of SEN for the first time.
Ferret's Stock to Watch: SENETAS CORPORATION LIMITED
08:59, Friday, 3 March 2006
A COMPANY OFFERING A WINDOW OF OPPORTUNITY DUE TO ADVERSITY
Sydney - Friday - March 3: (RWE Aust Business News)
***************************************************
OVERVIEW
********
A company that suffers adversity sometimes offers a rare buying
opportunity that does not often occur.
You could put IT security group Senetas Corporation (SEN) into
this category.
The company yesterday reported that net profit had fallen 84 per
cent to $798,636 in the six months to December 31 from $5.05 million in
the previous year.
Revenues fell 40 per cent to $7.22 million from $12.01 million.
Operating profit was down 68 per cent at $1.17 million from $3.71
million.
At first glance it was not a good set of numbers to give
investors confidence in the company.
But the punchline was that a sizable piece of business failed to
materialise in the December half.
The company told the ASX in its interim statement that there was
a delay in a multi-million dollar sale due for the latest period and it
will now be booked in the current quarter.
However, the profit was affected by one off-charges relating
to the extraordinary general meeting held during December.
On a normalised basis, operating profit would have been around $3
million.
Trading in the third and fourth quarters of 2006 are expected to
be strong with increasing demand for both the company's SONET products
and new Ethernet products.
Senetas reiterated its guidance that operating profit for the
full year would be $11 million.
During the year the company generated other income from the sale
of software and investments amounting to $800,000.
Directors are confident enough to declare an interim dividend of
a steady 0.75c, unfranked, payable on March 31.
SHARE PRICE MOVEMENTS
*********************
Shares of Senetas yesterday rose 6.5c to 63.5c. Rolling high for
the year has been 91c and low 20c. Dividend is 0.9c to yield 1.42pc.
Earnings per shares is 2.08c while p/e ratio is 30.53. The company has
462.9 million shares on issue and market cap is $263.8 million.
Senetas recognised in the last half the issue of the lumpiness of
sales due to the nature of its market.
It decided the only way to address this effectively is through
multiple routes to market.
Senetas has worked with its partner SafeNet on this issue and the
result is an agreed strategy whereby Senetas has become more directly
involved in sales and marketing activities in Asia and the Middle East
which will show immediate financial impact.
Senetas confirmed in its latest release that it has been working
closer with SafeNet over the last two months.
The market opportunities for Senetas are exciting and expanding
rapidly.
The company has continued increasing its R&D investment in order
to sustain its planned revenue growth.
Having launched its new Ethernet encryptor range of products
in late 2005, Senetas expects significant revenue expansions from this
new range of products over the next few years.
The company has also commenced work on its new CypherBlade
product range and will be advising the market further about this product
range and new developing business opportunities.
CypherBlades are specifically designed to be integrated into
network switches and routers which is a multi-million market.
The company is working on a joint development with two US-based
companies and will provide a further detailed briefing to the market
towards the end of this quarter.
BACKGROUND
**********
Senetas Corporation Ltd listed on the Australian Stock Exchange
as an IT-related venture capital investor in 1999, known as Secure ID-Net
Ltd.
Based in Melbourne with offices in Sydney, Senetas Group employs
80 people.
The company is debt free and growing strongly, delivering a
maiden profit of $3.2 million in FY04 on revenues of $16.5 million.
Following a number of successful investments that included
CTAM, IBK Enterprise Management Systems and Datum Group, Senetas has
transitioned into an operating company focused on two main areas of
business:
* Senetas Security products and solutions, and
* its security enterprise management expertise which includes
hardware encryption devices; systems availability; data storage
control: physical location; security management (including access and
identity management); systems connectivity and communications.
Senetas security offering consists of the CTAM CypherNet range of
hardware encryption products that provide highly efficient, fast and
secure data encryption to protect sensitive data while in transit across
private and public networks.
Senetas is also a SafeNet partner, selling and implementing
SafeNet security products and solutions. Customers include the Australian
Federal Police, the Australian Tax Office, a number of agencies of the US
Department of Defence and Fifth Third Bank in the US.
Senetas Enterprise Information Professional Services deliver
tangible and significant business benefits for its customers. Customers
include Telstra, National Australia Bank, Coles Myer, Harvey Norman, NSW
Attorney General's Department, Visy Industries, Centro Properties and
Newmont Mining Company.
Security violations, whether they are deliberate, accidental,
friendly, malicious, for personal or commercial gain, continue to grow
worldwide.
They represent a significant challenge to business and
government organisations.
The security focus for most organisations is on keeping hackers
out of their network and preventing systems from being compromised by
worms and viruses.
There is usually not the same level of focus on protecting
data whilst it's in transit over private and public networks.
Senetas CTAM CypherNet hardware encryption overcomes many
limitations, transmitting encrypted data at up to 10 gigabits per second
while reducing required bandwidth by up to 40 per cent.
The CTAM CypherNet products are enhanced, integrated and marketed
around the world via a technology partnership with SafeNet.
In Australia, CTAM CypherNet customers include the Australian
Taxation Office and the Australian Federal Police.
08:59, Friday, 3 March 2006
A COMPANY OFFERING A WINDOW OF OPPORTUNITY DUE TO ADVERSITY
Sydney - Friday - March 3: (RWE Aust Business News)
***************************************************
OVERVIEW
********
A company that suffers adversity sometimes offers a rare buying
opportunity that does not often occur.
You could put IT security group Senetas Corporation (SEN) into
this category.
The company yesterday reported that net profit had fallen 84 per
cent to $798,636 in the six months to December 31 from $5.05 million in
the previous year.
Revenues fell 40 per cent to $7.22 million from $12.01 million.
Operating profit was down 68 per cent at $1.17 million from $3.71
million.
At first glance it was not a good set of numbers to give
investors confidence in the company.
But the punchline was that a sizable piece of business failed to
materialise in the December half.
The company told the ASX in its interim statement that there was
a delay in a multi-million dollar sale due for the latest period and it
will now be booked in the current quarter.
However, the profit was affected by one off-charges relating
to the extraordinary general meeting held during December.
On a normalised basis, operating profit would have been around $3
million.
Trading in the third and fourth quarters of 2006 are expected to
be strong with increasing demand for both the company's SONET products
and new Ethernet products.
Senetas reiterated its guidance that operating profit for the
full year would be $11 million.
During the year the company generated other income from the sale
of software and investments amounting to $800,000.
Directors are confident enough to declare an interim dividend of
a steady 0.75c, unfranked, payable on March 31.
SHARE PRICE MOVEMENTS
*********************
Shares of Senetas yesterday rose 6.5c to 63.5c. Rolling high for
the year has been 91c and low 20c. Dividend is 0.9c to yield 1.42pc.
Earnings per shares is 2.08c while p/e ratio is 30.53. The company has
462.9 million shares on issue and market cap is $263.8 million.
Senetas recognised in the last half the issue of the lumpiness of
sales due to the nature of its market.
It decided the only way to address this effectively is through
multiple routes to market.
Senetas has worked with its partner SafeNet on this issue and the
result is an agreed strategy whereby Senetas has become more directly
involved in sales and marketing activities in Asia and the Middle East
which will show immediate financial impact.
Senetas confirmed in its latest release that it has been working
closer with SafeNet over the last two months.
The market opportunities for Senetas are exciting and expanding
rapidly.
The company has continued increasing its R&D investment in order
to sustain its planned revenue growth.
Having launched its new Ethernet encryptor range of products
in late 2005, Senetas expects significant revenue expansions from this
new range of products over the next few years.
The company has also commenced work on its new CypherBlade
product range and will be advising the market further about this product
range and new developing business opportunities.
CypherBlades are specifically designed to be integrated into
network switches and routers which is a multi-million market.
The company is working on a joint development with two US-based
companies and will provide a further detailed briefing to the market
towards the end of this quarter.
BACKGROUND
**********
Senetas Corporation Ltd listed on the Australian Stock Exchange
as an IT-related venture capital investor in 1999, known as Secure ID-Net
Ltd.
Based in Melbourne with offices in Sydney, Senetas Group employs
80 people.
The company is debt free and growing strongly, delivering a
maiden profit of $3.2 million in FY04 on revenues of $16.5 million.
Following a number of successful investments that included
CTAM, IBK Enterprise Management Systems and Datum Group, Senetas has
transitioned into an operating company focused on two main areas of
business:
* Senetas Security products and solutions, and
* its security enterprise management expertise which includes
hardware encryption devices; systems availability; data storage
control: physical location; security management (including access and
identity management); systems connectivity and communications.
Senetas security offering consists of the CTAM CypherNet range of
hardware encryption products that provide highly efficient, fast and
secure data encryption to protect sensitive data while in transit across
private and public networks.
Senetas is also a SafeNet partner, selling and implementing
SafeNet security products and solutions. Customers include the Australian
Federal Police, the Australian Tax Office, a number of agencies of the US
Department of Defence and Fifth Third Bank in the US.
Senetas Enterprise Information Professional Services deliver
tangible and significant business benefits for its customers. Customers
include Telstra, National Australia Bank, Coles Myer, Harvey Norman, NSW
Attorney General's Department, Visy Industries, Centro Properties and
Newmont Mining Company.
Security violations, whether they are deliberate, accidental,
friendly, malicious, for personal or commercial gain, continue to grow
worldwide.
They represent a significant challenge to business and
government organisations.
The security focus for most organisations is on keeping hackers
out of their network and preventing systems from being compromised by
worms and viruses.
There is usually not the same level of focus on protecting
data whilst it's in transit over private and public networks.
Senetas CTAM CypherNet hardware encryption overcomes many
limitations, transmitting encrypted data at up to 10 gigabits per second
while reducing required bandwidth by up to 40 per cent.
The CTAM CypherNet products are enhanced, integrated and marketed
around the world via a technology partnership with SafeNet.
In Australia, CTAM CypherNet customers include the Australian
Taxation Office and the Australian Federal Police.
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Ok. I am getting fustrated with this stock. 
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I know but so many other opportunities out there... and people obviously have their doubts as other wise the share price would not be what it is. Are their doubt justified? Maybe because all the company has got at the moment are useles anouncements. What do you make of the announcements. :swear:
those who are in for a quick profit are probly getting bored and selling,but this will leave investers.why sell?just wait and see.the anns lately have been more about channels sen is operating through,to have our tech sold through safenet insures we are at the forefront.buy a nice bottle of red with your dividend check and relax. cheers
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You've sold me on the bottle of red idea mate. I'll watch a while longer.
Porper
Ralph Nelson Elliott
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Profitseeker said:
Time for a chart on my pick for the month, even though I do not hold.
Get the feeling something is going to happen shortly, but not sure which way.I like it because you can trade it with cfd's, and being volatile it is a good day trade.
Seems to be consolidating at present.Also fairly obvious with a good announcement about contracts it will surge, no news I feel it will fall heavily after this period of consolidation.I am looking for a break below 0.55 to short it , or go long with a descent break up with good volume.One thing for certain, it wont do nothing
Attachments
Well I must admit SEN is giving me a little worry at the moment. Since reaching highs in January this year, it has been hit hard falling by 40%. Today has been a bad day with volume picking up slightly with a 3c fall to 51c. Importantly however in the last couple of weeks, it has fallen through the 30 week EMA which probably means a retest of the uptrend line currently at 44c. If this is breached convincingly (which I dont think will happen), then an exit point will be needed. OBV has fallen a little with the recent fall however the stock may have been a little oversold. Still holding, but nervous times ahead.
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Good announcement. Should move up from here.
Odysseus,
I just read your last post and it appears that you read very well into this stock. Some disappointment has indeed occurred recently and the stock went strongly down. What are your thoughts about future movement of this stock? I hold 10000 shares and I am not too sure if I should wait or sell.
I just read your last post and it appears that you read very well into this stock. Some disappointment has indeed occurred recently and the stock went strongly down. What are your thoughts about future movement of this stock? I hold 10000 shares and I am not too sure if I should wait or sell.
Are we all a little bit happier now?
I expect a lot more from this company over the next two weeks. I think they will finally announce a conclusion to many of the things they have been working on over the last few months.
I have doubled my holdings over the last week.
I expect a lot more from this company over the next two weeks. I think they will finally announce a conclusion to many of the things they have been working on over the last few months.
I have doubled my holdings over the last week.
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My guess is a take over. Seems a bit extreme if they are just going to announce a new contract or partnership.
