Senetas continues to rise and gain strength, with today being very strong. I bought some a couple of days back at $0.43 and think this trend has a lot left in it. This week SEN broke important resistance at $0.37, it actually smashed through it on huge volume and with a nice white candle. It has formed a huge base from mid 2001 to late 2004, providing a good point for a strong trend up. It is also supported by a strong OBV. The points I like about Senetas, is it is very strong fundamentally with predicted further growth this year and next. Secondly the company is not a penny dreadful, actually it is in the top 300, while it pays a yield around 4% and is not overpriced with a PE of around 21. Really like this stock, Something for every one else to think about maybe.
SEN - Senetas Corporation
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Re: Senetas (SEN)
Nice ann today IMHO.
SENETAS APPOINTS NEW DIRECTOR TO BOARD
Senetas strengthens its position in the global high-speed network encryption
market with appointment of military intelligence expert
Melbourne, 18 November 2005 – Senetas Corporation (ASX: SEN), the worlds leading highspeed
network encryption hardware company, is pleased to announce the appointment of
retired Major General J.M. Connolly, AO, CSC to the board.
Senetas’ Chairman, Mr Francis Gabally, said that Major General Connolly’s appointment is a
significant development for the company, and reflects Senetas’ continued strong focus on
building a leading global security and encryption company. His appointment is part of Senetas’
plans to strengthen the board and position the company for its next stage of growth.
“Having someone of the Major General’s calibre on the board will considerably boost Senetas’
capacity to expand its global market share in the military and government sector. He has led a
distinguished career over almost four decades in the Australian Defence Force and has
particular expertise in military intelligence and secure communications,” Mr Galbally said.
“In addition, Major General Connolly’s depth of knowledge and relationships in military
organisations around the world will be invaluable as the company aims to increase total
worldwide sales to A$250 million within the next three years. He will add considerable value to
our current relationship with our technology partner SafeNet, as we continue to expand our
current product road map.”
Major General Connolly has held a number of very senior positions in the Australian Defence
Force including Australian Theatre Commander at Garden Island, Colonel Commandment of
the Royal Australian Regiment, and Director of the Defence Intelligence Organisation. He has
played a key role in providing defence intelligence to the Australian Government and
maintaining Australian military intelligence links with allies.
Major General Connolly was awarded the Officer of the Order of Australia in 1995 for his
contribution to the Australian Defence Force in the areas of operations and military intelligence.
The appointment of Major General Connolly is another step in Senetas’ aim of becoming
Australia’s leading technology company, specialising in encryption security, with significant
global presence.
---------------------
Also interesting to notice that Safenet did very well on Nasdaq last night....
http://finance.yahoo.com/q/ecn?s=SFNT
SAFENET INC (RT-ECN)
Symbol: SFNT
Last Trade: 35.88 4:02PM ET
After Hours Change: 0.01 (0.03%)
Today's Change: + $1.71 (5.00%)
Bid: 25.00
Ask: 36.57
SafeNet to Present at the First Analysis Investment Conference in NYC
Wednesday November 16, 9:37 am ET
BALTIMORE--(BUSINESS WIRE)--Nov. 16, 2005--SafeNet, Inc. (NASDAQ:SFNT - News), setting the standard for information security, today announced that SafeNet will present on Thursday, November 17, 2005 at 2:45 p.m. EST at the First Analysis Investment Conference in New York City, to be held at The New York Palace Hotel.
Form 8-K for SAFENET INC
--------------------------------------------------------------------------------
17-Nov-2005
Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On November 14, 2005, SafeNet, Inc. ("SafeNet") entered into a Purchase Agreement with SafeNet Technologies, B.V., a subsidiary of SafeNet ("SafeNet B.V."), and the shareholders of Eracom Technologies AG, a company incorporated under the laws of Germany ("Eracom"), pursuant to which SafeNet B.V. will acquire all of the equity interests of Eracom (the "Acquisition"). The aggregate consideration to be paid to the shareholders of Eracom in connection with the Acquisition is approximately $25 million in cash. The Acquisition is subject to certain closing conditions and is expected to close in December 2005. Item 9.01 Financial Statements and Exhibits.
(a) Financial statements: None.
(b) Pro forma financial information: None.
(c) Exhibits: None.
Nice ann today IMHO.
SENETAS APPOINTS NEW DIRECTOR TO BOARD
Senetas strengthens its position in the global high-speed network encryption
market with appointment of military intelligence expert
Melbourne, 18 November 2005 – Senetas Corporation (ASX: SEN), the worlds leading highspeed
network encryption hardware company, is pleased to announce the appointment of
retired Major General J.M. Connolly, AO, CSC to the board.
Senetas’ Chairman, Mr Francis Gabally, said that Major General Connolly’s appointment is a
significant development for the company, and reflects Senetas’ continued strong focus on
building a leading global security and encryption company. His appointment is part of Senetas’
plans to strengthen the board and position the company for its next stage of growth.
“Having someone of the Major General’s calibre on the board will considerably boost Senetas’
capacity to expand its global market share in the military and government sector. He has led a
distinguished career over almost four decades in the Australian Defence Force and has
particular expertise in military intelligence and secure communications,” Mr Galbally said.
“In addition, Major General Connolly’s depth of knowledge and relationships in military
organisations around the world will be invaluable as the company aims to increase total
worldwide sales to A$250 million within the next three years. He will add considerable value to
our current relationship with our technology partner SafeNet, as we continue to expand our
current product road map.”
Major General Connolly has held a number of very senior positions in the Australian Defence
Force including Australian Theatre Commander at Garden Island, Colonel Commandment of
the Royal Australian Regiment, and Director of the Defence Intelligence Organisation. He has
played a key role in providing defence intelligence to the Australian Government and
maintaining Australian military intelligence links with allies.
Major General Connolly was awarded the Officer of the Order of Australia in 1995 for his
contribution to the Australian Defence Force in the areas of operations and military intelligence.
The appointment of Major General Connolly is another step in Senetas’ aim of becoming
Australia’s leading technology company, specialising in encryption security, with significant
global presence.
---------------------
Also interesting to notice that Safenet did very well on Nasdaq last night....
http://finance.yahoo.com/q/ecn?s=SFNT
SAFENET INC (RT-ECN)
Symbol: SFNT
Last Trade: 35.88 4:02PM ET
After Hours Change: 0.01 (0.03%)
Today's Change: + $1.71 (5.00%)
Bid: 25.00
Ask: 36.57
SafeNet to Present at the First Analysis Investment Conference in NYC
Wednesday November 16, 9:37 am ET
BALTIMORE--(BUSINESS WIRE)--Nov. 16, 2005--SafeNet, Inc. (NASDAQ:SFNT - News), setting the standard for information security, today announced that SafeNet will present on Thursday, November 17, 2005 at 2:45 p.m. EST at the First Analysis Investment Conference in New York City, to be held at The New York Palace Hotel.
Form 8-K for SAFENET INC
--------------------------------------------------------------------------------
17-Nov-2005
Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On November 14, 2005, SafeNet, Inc. ("SafeNet") entered into a Purchase Agreement with SafeNet Technologies, B.V., a subsidiary of SafeNet ("SafeNet B.V."), and the shareholders of Eracom Technologies AG, a company incorporated under the laws of Germany ("Eracom"), pursuant to which SafeNet B.V. will acquire all of the equity interests of Eracom (the "Acquisition"). The aggregate consideration to be paid to the shareholders of Eracom in connection with the Acquisition is approximately $25 million in cash. The Acquisition is subject to certain closing conditions and is expected to close in December 2005. Item 9.01 Financial Statements and Exhibits.
(a) Financial statements: None.
(b) Pro forma financial information: None.
(c) Exhibits: None.
Re: Senetas (SEN)
I bought a million units of this stock, this time last year at 18cents and sold out in the low 40's 2 weeks later. Just wished i had of held atleast a small portion. Never mind.Who knows, maybe trading at a great entry point now, but only time will tell!
amohonour said:
I bought a million units of this stock, this time last year at 18cents and sold out in the low 40's 2 weeks later. Just wished i had of held atleast a small portion. Never mind.Who knows, maybe trading at a great entry point now, but only time will tell!
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Re: Senetas (SEN)
Just read an interesting article that i found via google news page and typing in "SAFENET INC." A top US analyst,Brean Murray stated on the 15th December, that a Safenet target of $48.00 on the DJIA was the outlook for 2006. Currently trading @ I think $31.00 His reason was the demand to being able to supply voice data and computer related data in a secure environment, was a key driving factor for worldwide demand.
Safenet to those whom know, sell SENETAS ENCRYPTORS. It will be really interesting to see as Senetas Encryptors which are used my the US military,Major US Banks etc etc, will be interesting to see this stock go from strenght to strength in 2006. I guess my view is similiar to many of the top analysts that placed Senetas as the no.2 pick for 2006!!!! I watch with great interest!!!!!!
Just read an interesting article that i found via google news page and typing in "SAFENET INC." A top US analyst,Brean Murray stated on the 15th December, that a Safenet target of $48.00 on the DJIA was the outlook for 2006. Currently trading @ I think $31.00 His reason was the demand to being able to supply voice data and computer related data in a secure environment, was a key driving factor for worldwide demand.
Safenet to those whom know, sell SENETAS ENCRYPTORS. It will be really interesting to see as Senetas Encryptors which are used my the US military,Major US Banks etc etc, will be interesting to see this stock go from strenght to strength in 2006. I guess my view is similiar to many of the top analysts that placed Senetas as the no.2 pick for 2006!!!! I watch with great interest!!!!!!
Re: Senetas (SEN)
SEN held ground very well today and having just perused @ the chart, tomorrow could be interesting, particulary if big bids come on pre opening @ 77.5/78 as a breakout above next resistance level of 80 cents means the skies the limit particulary if reinforcement of good news announcements regarding new contracts come to fruition!!
********WATCH THIS STOCK**********
SEN held ground very well today and having just perused @ the chart, tomorrow could be interesting, particulary if big bids come on pre opening @ 77.5/78 as a breakout above next resistance level of 80 cents means the skies the limit particulary if reinforcement of good news announcements regarding new contracts come to fruition!!
********WATCH THIS STOCK**********
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Re: Senetas (SEN)
This is a great stock...i wish i bought in at 29 cents...and believed the directors forecast in regards to earnings growth.
johnno261 said:
This is a great stock...i wish i bought in at 29 cents...and believed the directors forecast in regards to earnings growth.
Re: Senetas (SEN)
I got in @ 18cents originally, and i have put my money where my mouth is and bought another few hundred thousand units last week at low 70's. Todays depth was very bullish and hit 81 and closed at 79. The next few weeks will be very interesting and I do believe in SENETAS product and so does one of the biggest IT security company's in USA (SAFENET INC.)!!! SAFENET's forecast is very strong and I am sure this will have a flow on effect to SENETAS!!!
My opinion is that this company's end is near due to a Takeover!! Just my opinion!!!! I maybe wrong!!
TheAnalyst said:
I got in @ 18cents originally, and i have put my money where my mouth is and bought another few hundred thousand units last week at low 70's. Todays depth was very bullish and hit 81 and closed at 79. The next few weeks will be very interesting and I do believe in SENETAS product and so does one of the biggest IT security company's in USA (SAFENET INC.)!!! SAFENET's forecast is very strong and I am sure this will have a flow on effect to SENETAS!!!
My opinion is that this company's end is near due to a Takeover!! Just my opinion!!!! I maybe wrong!!
Re: Senetas (SEN)
Indicative Price for opening appears to be 80 cents, however as I have been watching this stock closely the past week, have also noticed depth on buy side not big, but accumulation taking place from off screen!!!!
Volumes picking up gradually. I think 4 mill thru yesterday.
Indicative Price for opening appears to be 80 cents, however as I have been watching this stock closely the past week, have also noticed depth on buy side not big, but accumulation taking place from off screen!!!!
Volumes picking up gradually. I think 4 mill thru yesterday.
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Re: Senetas (SEN)
Any one know off the top of their heads what the earnings forecast is and what the growth in earnings has been projected to be over the next few yrs??
Any one know off the top of their heads what the earnings forecast is and what the growth in earnings has been projected to be over the next few yrs??
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Re: Senetas (SEN)
Latest management confirmation at $11m before tax for 2006 (June). expected to pay full tax thus $7.7m in NPAT. Relates to P/E of 47 at current levels.
Latest management confirmation at $11m before tax for 2006 (June). expected to pay full tax thus $7.7m in NPAT. Relates to P/E of 47 at current levels.
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