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Not 20-30x now but certainly in the future it will be. The AIM was always a terrible measure of value. Nothing to do with quality just responds to macro events. This share is worse because of the liquidity issue. I hope that has now been resolved. The AIM doesn't understand Ethernity, hell most of the shareholders are just getting the picture now. I would expect that £1 a share in a average market would be reasonable right now given the near term realistic upside. Yes the valuation is pathetic but I intend to continue taking advantage of that on the understanding that I have been diluted a bit. My average is low 20's so I am not bothered by 3.25m at 20p and 3.25m at 30p. Yes 12p hurts but I took a few at 13 today will be back for more tomorrow.
Tonight I am spending soaking up the sounds of Israel, even though I am not allowed onto the marina due to the covid.
Tracy
I hope you are right.
The market is saying Ethernity is worth just over £4m while you are saying it should be worth 25/30
times that.
I admire your optimism and I will stay the course
to find out the answer.
Dallo you are joking right. The funding is delivered the price is a product of the time and the previous share price. The business is very strong. Ethernity are in the top of few competitors. The share price will recover very soon now this small placing is done and they will access the warrants funding at 20p and 30p. The challenge is now to turn opportunity into mass deployment. That will result in hundreds of millions income over a couple of years. Of course there is nothing today as nobody is deploying today but it is very near term.
Now stop whining about the placing and look at what the company are actually doing.
Minor miracle required for Ethernity to get off the canvas now.
Faith in Levi and Barauch now at the lowest ebb
possible.
What a severe disappointment all round .
I hopenot the later and they have someting big int he forecast near term, but history tells me if you put money on it the "bodge" may have better odds. GULP
Well of course they have a current cash flow problem. They are in a future market so they have nearly zero cash flow. I am struggling to say it any other way, Ethernity market has not started yet. They have several vendors building their product on Ethernity fpga, however until that is done and deployed they have nothing.
The Q4 lab testing is nothing until passed and deployed on mass. I don't think that any buyer of Ethernity tech expects anything else. Clearly they could have raised much more at 12p,I am sure they would have heard the whining in Tel Aviv. So they have split the 13m shares into 3 levels. I can't see any chance that they won't hit the triggers. Will they buy at 10p discount, yes if course. I think that you are stressing over nothing. There is so much headroom in this share that the shares issued today make zero difference, the cash carries them to income.
Hmm I'm not sure you can just brush off a weak balance sheet just by saying people don't purchase directly from Ethernity. They must still be gunning for new business and I can't imagine people just ignoring the fact that they've got cashflow problems, so as dallo says they've either got something in their forecasts that shows this money is sufficient or they've made a bodge of it. If they are counting on getting these warrants into play they must have an idea what is going get the SP to triple in the near term..
12.29-13.00 currently. Still walking down despite the buying
Possibly the first sell of the day gone through
Purchaser? What type of purchaser. Ethernity are not selling anything directly to anyone for 5G. Just some legacy work. Most won't even know who Ethernity are. Kit is sold on spec and local sales will be through 3rd parties. Often it won't even be Ethernity branded as third parties invest in their own solutions for Ethernity cards which are the best on the market.
Skid
Correct..that's why deals are now essential if it is to make it .
Suspect placing at 12p suits management particularly as they have the inside track here and are not diluted.
They must have something up their sleeves or they are utterly useless.
Trading,
What's worrying here is the impact on business - no purchaser wants to deal with a company with enet s trading history and balance sheet even if they put ip into escrow.
Currently online I can sell 40000 @ 13.0024 and buy 3500 @ 13.1254
Dallo yes that's investing for you. This funding has walked the share price down and I see no reason why it won't walk back up again. Many of the trades today are buys, I have bought 2 small chunks very close to the bid showing as sells.
Big news will be from China to the Q4 lab testing. They have named the companies involved so we can expect a detailed update. I think that it's fair to say that the industry is flying now in the east and we can expect Ethernity to land many bit parts and some complete system wins.
Feeling a bit raw today but they are still in the game.
Management keeps its shareholding % and buys at rock bottom levels ( I hope).
At least other shareholders can do the same which I suppose is something.
All is not lost and long climb back for me
Now need deal flow as a matter of urgency.
ATB.
Ask not how they do business. They will still have a very good return, just a year or two later
Would love to kow what the II investors are thinkig right now that are holding at 130p. Sureley if they are still in then why wouldnt they swoop in and buy the lot if they still belive in the long term story, chump change compared to what they invested at IPO
Trading agreed for once. It was the market that dragged the share price down or walked it down purely on the funding issue. It has also caused a news dam which I expect to see lifted now.
In reality why would they get a loan when they can offset the 130p shares.
Have bought some more, pretty much all buys me thinks
They have been trying to draw sellers out this morning but mainly buys I think. Just very small support at 13p which has held all morning so many were actually buys.
Interesting that staff and directors are subscribing £240k - that's c.30% of the placing (will mainly be David and Shavit) but nonetheless they still are keeping significant skin in the game here.
For most here, the ideal situation was for Ethernity to get some loan financing, but hey, if this solves the financing piece of the puzzle, and we can all pick up some cheap shares along the way, then we can all be happy if the SP is 60p+ by the end of the year. For me the tech clearly has scalability, and the work they have done in that regards + the chinese deals, and Tieto/Techtronics deals should easily carry them to a decent profit H2 2021. Clearly Ethernity have screwed up financing a few times (I'd grade them 3/10), but the on the tech side of things and the deals they are 10/10.
Bid you can but nobody will as they will be at a 10p discount. Some may take and immediately sell but all will take for sure. This is where our much needed liquidity will come from to fuel the recovery.
That was interesting, stuck having to be bunkered for supplies.
Assuming the warrants are filled it will be £2.3 million or so. Clearly the placing with staged warrants avoids 13m shares at 12 and averages 17.5p. Not great but further funding is based upon reaching 30p then 40p which shows some intent at least. Should serve as a motivator.
Yes you can let them expire. If they get to the accelerator clause and you don't exercise them they 'll be cancelled.
Is dallo about? I'm interested to see if he's taken any placing shares at 12p!
totally agree almost seems a waste of effort and dropping the SP. Correct me if I am wrong even though they are offering the bonus of warrants with share purchase if you dont have the funds avail or want to purchase them warrants when the time comes you dont have to right, you can let them expire?