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uhlf I couldn't help noticing that ITX put out a trading statement today. It's one thing wanting regular updates but they need to be the right sort of updates!
Bid once a component is selected or there is a complete history of development to mass deployment like Tarana there's no element of competition. Even the DU and Server Vendors, they are not competing. Dish selected Dell. HP are not going to get wind and swoop on the deal because Ethernity explain the DU and significance to the Vendor.
In 5g there's remarkably little competition beyond selection of ecosystem participants. Integrators once selected compete with nobody as they are selected.
Ethernity are well beyond the competition phase and are deeply embedded in the solution design and delivery.
If we take the best case here. AIM is perfect for ENET. Low initial and on going listing costs, a light touch reporting etc. This should hopefully allow time for the smt and bod to focus on medium / long term value creation if news is a little thin on the ground as it has been. As Dallo and Tracy says we are primarily taking a bet on David and the team, as you do in any start up pharmaceutical or tech company.
I am an investor in a few select AIM companies and all of their IR can be improved within the bounds of ndas / commercial sensitivity. Some of their IR practices I find deeply, deeply unprofessional.
I am not sure nice corporate strategy papers or telling the big picture story will make any difference here whatsoever. It is solid business RNSs and news flow which will support and increasing share price - any time this week would be a nice place to start!
Don’t think there’s any doubt that ENET meet all the regulatory requirements, but that is simply not enough to effectively tell your story.
Bid, no ones asking for the inner sanctum secrets, but there is absolutely no reason why they can’t spell out the investment proposition here clearly and succinctly without breaking any confidentiality clauses.
Tracy
You are right and it makes sense. Ethernity is not a $1B company with many years of history and is well established. It is just the opposite: in the development phase so they cannot say a lot to the public because of competition. I understand that. Investors need to learn that most of their decisions need to be taken with incomplete information, because when info becomes complete, the opportunity does not exist anymore.
Ethernity has a lot of interesting to offer for shareholders but right now we need some faith as well.
Btw, a $1B fund asking a lot about silc and enet at sumzero haha. Maybe he will be interested haha
I think, Mark and Brian, (for the conversations that I am having) that it would not be expensive or time-consuming for you to invest more in marketing and Ir (presentation, videos, and quality, improving a little bit the reporting) and the benefits would be very significant for you. That would help us to reduce the cost of equity. And remember that Enet is issuing cash...
thanks
The signs were there when I was banging on about the general lack of information/updates back in Feb/March but it is what it is. In any event, Mark appears to be extremely tuned in to the regulatory requirements of the market and so any significant happenings within the company will, I am sure, be notified to the market accordingly. Ultimately, the performance of the share price will be determined by the nature of those happenings and I remain confident that the management will gradually monetise the tech and IP. After all, David and Baruch hold significant skin in the game and it is in their interests to deliver on the shareholder value. Time, as always, will tell. GLA LTH.
There was some cliched poster on the wall of an office at my old company, can't remember the quote exactly but the premise was to always assume positive intent. I think we should do that here - there are plenty of reasons that we have not had multiple updates, for some reason a few people have chosen to focus on a negative. This is the highly opaque world of tech, I very much doubt these larger companies want their movements spelled out just so that a few private investors have something to read at 7am
Can’t think ENET are going to change their ways, companies rarely do.
Then investors have a choice, stick with it, accept the crumbs they occasionally throw us or onto pastures new.
These guys are so out of touch with what is required for an AIM listing, or any listing come to that.
I think they are just too wrapped up in themselves to bother with the annoyance of shareholders, unless they want some cash to develop more products where they never clearly set out the potential, the markets, the margins, the manufacturing route.
Are ENET going to remain forever a backwater for a small group of shareholders or are they going to take this thing by the scruff of the neck and show us they mean business?
I ain’t holding my breath on the latter.
There's so much that they could say to paint a picture.
Are Ethernity manufacturing in house or contract. What capacity do Ethernity have to meet substantial orders. Where does the work fit in to the overall picture and what has Ethernity gained from the joint development. What has Ethernity invested in the product. Who owns the design and exclusivity. Can any of the tech cross into other opportunities in different products.
I know some of those answers but they need to be a lot more open.
What does $2m in orders actually mean. This is a unique product years in the development so you would expect strong margins to reflect that position but Ethernity are telling us nothing. Who makes the SoC, how much is hardware against code. Why are shareholders in the dark.
I was talking last night with a shareholder with shares to sell. He made a good point.
Even when Ethernity get a winner like Tarana we know nothing. We don't know the unit price, margin, method of production or expectations of Tarana.
So how can a shareholder make any conclusion apart from the margins are low and even if Tarana sell out of the park Ethernity are returning peanuts.
Of course he's right.
Profit and a dividend usually do the trick.. , tried and tested.
‘News’ might not propel the share price sustainably.
How importantly does enet value the sp? It must be a low priority at this moment in time but as has been commented on countless times the team can’t be working so hard to stay at this level. Maybe they could employ someone specifically. We need more HYPE !!
38.5/40.5 some have a published 5p spread. It shows that it's not just investors that have lost interest.
3.5 years ago I held 3000 shares at 71p. Now I have 100x that at mid 20's. The management really has been a runaway train disaster since IPO
I am sure that their technology is better than their attempts on the AIM. There has been a clear capable when it suits them attitude to newsflow raising their game to fill financial requirements.
The share price was 23p when they gave a broad business update before the quite Christmas period. Interest was created that resulted in share price support. Since then we have had substantial news from Tarana, DU solution placing with 3 server vendors and big interest in the new UEP product. However because the news is delivered in fragmented very occasional releases the market has disregarded them.
I think that it's time that they decide if they want Ethernity to be successful or just another loser picked up cheaply by a larger player
It's tedious and boring but at least we are entering prime time for major news updates. H2 is going to just get busier for Ethernity and some of that will generate news.
Right now I think I’d be happy with an RNS entitled ‘David purchases a new mouse mat ‘….
It's easy with hindsight. I have traded this a few times with my trading pot. I had some success but as a positive person I can't wish the price down. I think that it's foolhardy to try it now.
I tend to gamble my future expenses like my fuel budget and I have had a few free tanks on Ethernity ebb and flow.
I think this may be a risky strategy. Two or three rns may take this to a completely different trading range and it may be difficult to buy when the share price is being chased up with shares in sticky hands (and 5g out of the picture), no Crystal ball as usual so just don't ask me when!
Having said that as I buy on dips I am doing something similar just with a longer timescale.
Sounds a plan asklongy!
Although , as far as I can see, sp has only got in the 60’s once in the last three years, spiked there two years ago.
This latest phase has more volume with it, overall.
To think you can buy into a company that has vital solutions for a multi multi billion industry for just over £20m takes a bit of getting used to.
Despite ENET’s reticence on the IR front, it’s too stupid a price to pass up
imo
‘They won't even when it happens. ‘
Yes, I think you will be proved absolutely right and I won’t be at all surprised.
Just hope this don’t all back fire on our very shy hide your light under a bushel style of management.
If a low ball bid were to succeed they’ve only got themselves to blame.
If further funds are required, then we will all suffer the increased dilution a weak share price brings.
I agree. I am more focused on the action rather than the lack of words. If it was £2 now nothing would change for me, I would still be holding.
The noise around deployments really started just a few months ago and it will get much louder very soon.
News has to come and it will be around 5G mass deployment. This is a course that will gain momentum rather than what we have seen which has been fragmented contracts with fixed total contract amounts. This will be like Tarana produce ongoing new production orders.
I took some more at 39.7. I think we will hear about the UEP contract soon and it will be more evidence of enet commercialising their tech.
News over the next 5 months will be in preparation for 22. We'll see 3 new products completed. I think that they will go straight to trial delivery as the initial versions are in extensive testing.
This is the DU hardware configuration that will ultimately go to a fpga OEM for mass production.
The new UEP product. David says that the market is waiting for this an order commitments will come immediately.
The 3rd is a CU product.
We'll see orders from the first 2. CU will be 2022.
They won't even when it happens. They will reveal initial orders like they did for Tarana. The market will then have to get the message when 2 or 3 of these events group together.
Others have invested substantial sums to build solutions around Ethernity products.
They will deploy on mass in 2022. It will be H1 2022 largely because mass deployment has slipped a couple of months from Q4 2021. We see from Dish that service providers have very ambitious deployment schedules. Most have a 22-23 window. Leaving it to H2 22 to assemble component supply chains is a non starter. The market is waiting on a few key components from Ethernity. These will be complete and launched over the next few months. Then the Circus starts.
Sounds good, just need ENET to spell that out loudly and clearly!