How is Semnet doing?11 Oct 2025 17:16
It's funny how perception about Semnet has changed over time.
When the contract was annonced i mage the point, many times that the supply of the 'several servers' that were supposedly part of the contract would be a third party product that would be paid for by Semnet with a small charge added on, as they don't manufacture servers... i seem to recall being hounded and shouted down about that response and contered with 'it's for cyber security and it'll be on an nda' so we'd never get to find any more about it or any other contracts Semnet have won.
Ypsilon is still just a ghost of a company, with no corproate or corporeal substance to verify anything about it.
that $36million contract tag was the convenient number for the valuation in the IPO talk that has also no produced any updates.
Now the 'arbitration' can probably be used to hide the loss of the '$36million' and binning the IPO talk for good, esp. as Trident was a non-binding deal.
Speculatively, while it would look like semnet has added no value to the mcap now, it did once, thence the 3.6p spike... now that it looks almost fictional, it makes one wonder what the true value of the company is, with so much also hidden from view until the next results.
If the news isn't forthcoming then i'm not sure what folk are looking for as it's not a company that can be tracked easily to see its value? no newer client number for bake, or GS20, Angra or ... Semnet.
what exactly is the valuation based on now, other than history, hope and retail investor loyalty or fear of missing out on news that never seems to come!
While i'd be happy to jump back in on good news with each day that passes, thee are other opps out there that are missed. While noone can expect a joy ride every day, the hope of having cash in the pf over shares in GST is a lot less risky. the only advantage of the share over cash is it can't possibly go lower... except if it does.
be nice to see news or, if not news, then a podcast that is meaningful if signposting the nea term future, over and above waffle about 'meeting company expectations'.