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Why would you sell though if you believe in the future of the business. If somebody sells just because we haven't had news for a few weeks it says to me they are a trader with no clue what enet are trying to do.
It's a shame as now it will take News to move back to 50p, and so it goes on range bound.
Unfortunately the quality of the exposure of the business is poor. Being reliant on mandatory updates to force them to talk about the business is a really poor indicator.
I have faith in the technology and their grasp of the portfolio but they really are clueless about maintaining a balanced market.
I spoke to a seller today. I think that he wanted me to talk him out of it which I never will. I know he had 425k but has sold several chunks already in odd numbers, just so you can see them.
I am in contact with about 6% of the company, plus mine.
I have no funds for a few weeks so will just sit tight and reassess if there's nothing on Tuesday.
I guess people won't wait forever and will sell before their paper profit goes completely.
Added 25,000 @ 39.8p
They are bidding for 150,000 @ 38.1p
£22m m.cap, taking the biscuit here.
Wonder when it will permeate ENET hq that an AIM
Listing, or any listing come to that, requires care, maintenance, nurturing.
Thought these guys were switched on?
Just hope the slide ain’t anything to do with raising more funds, as seen in umpteen AIM stocks that slide for no apparent reason.
Yes agreed. I have made that point to Mark at Ethernity. Long term holders can only make decisions based on information and flow of news.
You could be right TL, but , imo, it’s worth giving it a bash.
At this rate looks like the shares are heading back to the thirties, perhaps ENET are not bothered, but they do need to be doing more to explain the investment proposition here and quit scoring own goals re the UEP contract.
Unfortunately I don't think that brokers grasp what is about to happen. They certainly won't explain that anyway because it's outside of the norm.
We are about to see a completely new market open. Ethernity are going to grab a big chunk of it and currently they are worth peanuts. Ethernity has very broad solutions addressing all of the technical challenges in the most cost sensitive areas.
Ethernity has many routes to market through OEMs and Integrators waiting for Ethernity to deliver their finished product in DU, UEP and UPF/NIC. Once complete sales will commence and Ethernity expect exponential growth.
I don't think that any broker is going to say that.
TL
Re
‘It's difficult to explain the investment case without making assumptions and forward looking statements.’
You’ve just described a brokers note?
It's difficult to explain the investment case without making assumptions and forward looking statements. Ethernity can happily talk about the past but this is all about new opportunities.
The information is there but you have to dig for it.
I think generally they just need to talk a lot more
01234
Imo they haven’t clearly explained the investment proposition here and thus will struggle to get investment beyond this small circle.
I’ve suggested ENET to investing colleagues and friends. But what they see is a news shy tiddler turning over a few mill and losing money together with issuing shares like confetti.
There’s nothing out there to say these are going to do $20m or whatever next year.
ENET need to lay it out, imo, or suffer the consequences.
Bet they wish they never mentioned that contract now!
That’s the big question mark for me, can ENET properly present and manage themselves on the IR front.
At the moment it’s a no to a doubtful maybe.
They sure need to up their game, but I get the feeling they just go their own sweet way. Most companies think they know best and ENET is unlikely to be an exception.
The problem with the above is full value for investors will be that much harder to come by.
Great work MS at least someone is spreading the word! Not wanting to sound in any way threatening but in a way enet is putting a fair bit of faith in the group of lthers here. Most of us in profit most of us not selling. Not that we’ve got any say on anything but that’s my general vibe at the minute . Atb
Even though I'm not one expecting major movements this year, must say I am really surprised we are down at these levels as I thought it would hold mid forties without news.
As always with enet patience is required, topped up earlier this week from divs elsewhere so unfortunately no spare cash for a dabble, even if this was a short term trade on an awaited rns.
Not ideal seeing sells going in below the bid .. I hope lots of people see your article Sergi, keep up the good work!
What a mess from 16.28 yesterday. Looks like two sells in the end.
Nearly a month since we were told about the closing legal discussions on a important first contract for a new product.
I suspect that if they were motivated to support shareholders they could find plenty to talk about.