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It will have to break out next time. We'll have multiple contracts for 2022 deployment. Initial production orders will start well before deployment.
The market is about to switch on, when it does there's going to be a rush of people to the sector. Ethernity has maximum exposure from this ridiculous current price.
the SP seems to follow a pattern, we get a bit of news on a deal once every 6-12 months and the SP jumps up to the 60's for a week, then it slowly works it way back down to the 30's. Wish I sold and bought back in each time, think I would have tripled my shares for the same capital by now. Might have to take that tactic next time, sell on the high, wait a few months buy back in at 30's :)
Industry realisation
https://www.google.co.uk/amp/s/www.forbes.com/sites/forbestechcouncil/2021/07/23/5g-why-the-best-is-still-yet-to-come/amp/
If there has to be a cash raise BUT half of the enet fingers( not talking 5G sex now) are shown to us to be in all the right pies then it matters not.
skid
Can’t argue with too much of that. Yes, raising more cash is also a concern for me, esp at a market cap of £22m
Re Mark, perhaps, the board have to take responsibility for letting the cash get so low, it was a mistake, imo. But that has been explained, least to a certain extent, in the AR, so that’s the past now.
I think , for me, the feeling is they would rather be doing something else than explaining to investors what’s happening. They know what’s happening, so perhaps are not bothered and maybe they struggle to understand why other investors are concerned.
It’s hardly rocket science. TL has made some suggestions re updates/news. I still feel a brokers note wouldn’t hurt, although recognise the drawbacks. It’s just an overall feeling that they are not nearly doing enough to keep existing g investors satisfied, let alone draw new ones in.
atb
Love to crack open a real beer next week if something like dallo’s ‘transformational’ dream comes true!
Uhlf.
I think this is all getting a bit frantic. We had a good update virtually exactly a month ago, but are still waiting for an RNS on one deal which should hopefully appear and we can all relax a bit for the summer with i) a bigger buffer ii) knowledge that the probability of further prices moves are in our favour.
I do worry about a further cash raise, which I feel would be for working capital rather than R&D / fixed assets - primarily as I would have to liquidate other stocks I have and are comfortable with.
On 5G, I recognise the funding was an act of desperation but recognise Mark did a decent job getting this out. Still unhappy not knowing with the faceless PO box and potential knowledge they had at the time as it could have gone t###s up for them.
Recognise we both are looking for the same info and assurance, hopefully we can both crack open a virtual beer in the very near future, preferably this week !
Of course there is risk but from here it's less than an inflated stock.
I think that the Telemedicine is a definite area where 5g will really deliver. However I see all wearables as huge opportunity.
The sex industry was mentioned the other day, this will be massive with VR, AR and wearables.
Just thinking about the telemedicine blog, it’s the second mention of this appliance of 5G tech after Brian’s mention of surgery being conducted by someone situated in a different country. I was very condescending of it but perhaps there is a hint of interest here? Clutching at straws possibly but seeing as we are talking about lack of news I’m going to make some up myself! Atb
Skid
My average is low 30’s, very happy with that. Started buying low 20’s, bought as high as 50p odd, so, overall, about 20% up. I’m absolutely fine with that.
Re minimal downside, not so sure about that! Downside is always 100%, but in an AIM tiddler losing money downside is not insignificant. Apart from the general market wide concerns, there could be delays, revenue warning, discounted placing ‘for growth’, the boys decide to sign up for 5G version 2, 5G gets put back here, there, everywhere.
I’m not saying any of the above will happen, but the risks are real and significant.
That’s why they need to fire on all cylinders and they need to make sure they present themselves properly to investors. I hope they don’t treat customers the way they treat investors!
To be honest I’m done with persuading companies how to act, it’s too much effort , I’ve done it before, with some success. But now? If a company can’t figure out what needs doing then that’s a big black mark and it’s just easier to find a company that wants and respects all shareholders equally. I’m done with pushing boulders up hill.
Sounds to me like a few of the larger/more vocal shareholders on this board should possibly try to get to the AGM and give the board a rocket about their IR? Is the AGM in Israel or in London?
You're of course correct on float price. I would never invest in any AIM company at float and certainly not enet at that price with an unproven market and position in that market, especially compared to where we are. Was looking at brandshield, another Israeli company, as a possible investment but have held off waiting for the froth to wear off which it has to some extent.
Judging when you joined the board I would expect you are at a profit of somewhere between 50- 100% even at a 40p price, so a pretty decent return on this timescale with minimal downside.
I am hoping enet bod know what's in front of them in the next 6 months and are focusing 100% on this to the exclusion of all else. A couple of items of news will take this into 50-70 territory.
Anyway, as always time will tell, hoping for an RNS so this board focus changes and we are looking to understanding the market and product potential of the RNS.
Re ‘a lot of AIM companies promise the earth’
So far ENET are fitting in very well then! Floated at 140p four years ago and have promised the earth several times, most recently with visions chucked in as well!
Ok, harsh maybe, but true.
The trouble with ENET, like a lot of companies, they’re happy to talk when it suits them or put out statements (eg cash flow) but then there’s never any follow through.
They need to be consistent and not take us shareholders for granted. Otherwise some will undoubtedly go to pastures new.
I think they will be ok, but they’ve not made it easy for themselves and with their shortcomings it’s not hard to see why we’re at a , imv, stupid m.cap for this stage of their development.
I will continue to add, but need to see them seriously upping their ir game. There’s plenty of competition for my cash!
You must remember the history of failure of many AIM stocks built in as a risk factor in the shares. A lot of AIM companies promising the earth, excessive board pay and options lead by CEOs with all of the ability, charisma and integrity of a small town estate agent - and zero delivery. Outside this small band this share has minimal support and I cannot remember a single write up in an investment newspaper or publication, even when this is for "5g winners".
Tarana changed the risk on ENET, both the deal itself and the validation of the tech leadership and the business case from a customer perspective, for one product in their portfolio.
I think news will come when it comes but it has to be h2, frustrating as this might be as it would be good to get the margin of safety from buy price to a decent level. In the longer term a good investor relations strategy will be good, at the moment I don't believe it will impact share price as the market will look for p&l delivery rather than strategic promise.
I'm back in the market on monday.
I believe that the technology will sell very well and the share price will be £5-10 within 2 years. That is just one measure of delivery.
I think that they lack experience and have little depth. I was hoping the new chairman would adjust the focus but it simply has not happened yet.
It's tiresome but a fact that most shareholders need a lot of handholding. Getting this right is as important as the technology.
It would really help to manage expectations to have quarterly updates in addition to the mandatory interim and full year. So adding July and April would help balance out the year. This will be some repeat but also a chance to add some detail.
I think much as I hate them David needs to do more videos. Last one was delivered in January. They wanted the warrants money so were bothered to do it. How about doing it just to inform shareholders and potential shareholders.
Tracy
It all comes down to whether we shareholders trust Levy and his management team to deliver.
Trust is a two way street ..both sides must show it.
We as shareholders have shown our trust through placings , warrants and even 5G and myself through a large holding.
Trust when lost cannot be redeemed easily if at all
So coming up to the AGM on the 2nd August I expect management to assuage shareholders concerns.
Continued silence particularly on the vital UEP 60 contract is not acceptable.
Downside is around current SP given Tarana and the patents.
However none of us are here for 40p share price and £22m market cap so maybe we will be vindicated soon.
Still believe nothing has changed but investors need support from the company and hopefully next week will bring us some joy.
Imho
Dyor
Monday is the start of another week. Time for the management to Impress shareholders with some information.
Cambridge had a quick scan of your posts to get a flavour of your psychy. Boy oh boy you must be a real bundle of fun to live with. A real catch. The cloud that lives over you must keep you nice and cool in this weather......
Ouch.. Enet tanks faster than the titanic!!!
40p gone. Nothing more to be said. Tiny volume wipes a few million off a pathetic market cap. Typical AIM neglect outcome.
Fierce wireless are pushing that. I had an invite but it's really for industry networking. Hopefully Ethernity can generate some new contacts.
My fear for this is that news takes us back to 50-60p and the opportunity will be lost again because they are unable to maintain momentum. They need a strategy and we need to know what it is.
Fair enough TL. I can see 5G have served a useful purpose, as I’ve said on many occasion.
Yes, decent news, strong volume and they could soon get washed out. Hurrah to that when our mysterious benefactor departs for good.
I wouldn't get hung up on 5g. It was far too convenient not to be related to Tarana.
The purpose was to finance Ethernity sufficiently to fulfill their requirements and protect their supply chain. I don't think that they are concerned about the strike price just selling for more than they paid.
They could pass the lot in one week on the right kind of news
Ethernity management do nothing to support 5g but they will know a lot more than I would talk about on this board
They served their purpose and Ethernity are meeting their requirements. In fact Tarana has supply issues with the home receiving unit supply.
We'll hear from Tarana in Q4 as they have 4 deployments starting Q1 so will be increasing their order.
Maybe they won’t report them as ‘immaterial’ or some other excuse whilst 5G fill up the tank to their hearts content.
I sure hope not, but the reticence to keep shareholders up to speed and communicate the dynamics of the business leaves me searching for reasons why. They’re stupid, plainly not. There too busy, rubbish, don’t buy that one.
They have an understanding with 5G, yes, that could make sense. Can’t see what else it is.
Be happy when 5G give them the thumbs up to remove the chocks
All imo.