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Great points TL and b
I should have clarified that I don't think there will be a placing, point being II's will have to buy via the market and building a position will move the SP significantly north.
The prototypes were delivered 9th February so 3 months now to determine the requirements of the ISPs that the server manufacturers have engaged and pull together and plan on how to deliver the requirements on budget. Somewhere along the way they will have to contract to share the design as Ethernity are working separately with the 3.
I think that will not be too much longer. I suspect that the product will be another 6 months to complete. This is US and Europe so the requirement is likely H1 2022.
The South East Asian Telecom I feel sure is very near.
Regarding the DU it's now over 6 months since the product launch, so would certainly be in the zone for an announcement about that.
"The Company is receiving significant interest in its ACE-NIC100 for 5G Distributed Unit (DU) with embedded Virtual Router function, which product offering was announced on 22 October 2020. This includes multiple interactions with major server vendors and system integrators who anticipate incorporating the FPGA router data plan embedded in the ACE-NIC, into their offering."
Greg I don't think that we'll see general funding requirements again. I think that we may see a special vehicle for mass production. It could be forward selling or a line of credit.
I believe that we are close to a deal for product licensing for mass production of a DU product with a household North American server manufacturer. I don't know what close really means. I believe that they are still working on three product lines with these three major server manufacturers.
I am also thinking that a Korean Telecom is about to purchase 2000 ACEnic-100 plus firmware and software ware to include the Vrouter. Around $2500 a pop.
Just a hunch....... Please don't take it as news as nothing counts until it is on the plate.
Tick tock absolutely inevitable.....
I'm thinking if the Tarana cash plus other comes in quickly then no placing - II's like cheap shares via placings but funds etc will increasingly have to buy in as the MC rises - bodes well for a big jump an a stream of good news - still reckon there must be one or two RNS's on the way for 5g to sell into, maybe 5g know Tarana are going to place another fat order?
I bought a few more for a LTH. Also I was about to buy a £3k mic - cash went in at the recent low - I reckon that will be my only 'trade' - hopefully I get the mic at an effective 50%+ off :o)
Greg not so easy with this liquidity still tight. However things are better. Pre 5G and placing the liquidity would have snuffed out this trend already to a stallmate huge spread.
I have added circ 65k on this dip but 50k I will be giving back mid June as I have borrowed it from myself. Couldn't resist.
Good news is my businesses are slowly opening again. Feels like the sun coming up on a new day. I don't expect cash in for a few weeks ago UT at least it is churning.
Probably come June I will find cash from elsewhere as I hate to sell.... Certainly below £2.
This mini drop has released approx 2% of shares into the market - a decent chunk - I wonder how much into the SPIC?
Hmm.... 5g selling into this rise?
It will be interesting to see how long before new II's arrive to form their own sticky club. As the MC hits different milestones I expect they will be allowed to participate. We have been at £25m MC for a while so maybe we have some nibbles, but will be interesting to see how it unfolds at £50m, £75m etc
I also wonder if the MM are building a trading position?
Sittin and waitin
GLA
Marcal.
Hopefully we will be in a position at the end of the year where you will realise you have got in early, with other holders in the position you are sweating that they bought at a quid.
It's nice to get to a 10-20% profit level so you can just relax a bit and not worry about the day to day action. All the 5 -10 regular contributors here are long term holders facing really, really large losses both on a % and absolute level - it is your money so I will not provide advice but I have faith in the ENET team.
Greg, correct - despite saying I wouldn't had another nibble Friday morning just to make it a nice round 225k in my sipp. It is getting hard selling other shares to fund, but top sliced arix which has had a good run, enet just too cheap to resist even if I take this buy as a short term trade as already in profit (which I probably wont).
As a long term investor It's strange that I trade on these short term movements, I think we will hopefully look back at the end of the year and think anything under a quid is an absolute steal.
The product / patent rns s are always quite non descript from enet, primarily technical but without a real understanding of the potential market size or even the need / return on investment for customers - but in the end the value tends to reveal itself.
Anyway hoping for a run up to 60p so marcal can relax on a bit of profit cushion like most of the holders here as it is nice to see new holders joining every couple of months, any order or business related rns will see this move up pretty quickly.
By the time this gets back to pre Israel crisis levels I reckon this drop will put another 1-2%+ into the sticky club.
Free float must be very thin - hence the MM cupboards are bare and the frequent trade lockouts.
Bodes well for when the good news hits.
GLA
We had some selling from profit takers - some topslicing, some selling the lot - all to be expected.
'The big money was always in the sitting and waiting' - JL
The story is unchanged - some think that short term this will drift sideways - IMHO people will look at Tarana's sales projections by the end of this year and do the maths - how much to ENET before the year is out? :o)
On Tarana and hope we could do £100m MC? If the other projects come in over the next 6-12 months then we will see a serious rise on top. The sticky club knows this.
Regardless, trying to predict a drift is pointless - do you know when the next Tarana/China etc RNS is due. I am sitting and waitng and ignoring the noise.
Re Chip shortages: China has/was apparently stockpiling so maybe they wont be hit hard - considering China is probably our next imminent deal, maybe no negative effect? I reckon the chip shortage was mentioned to calm nerves - plus they have a cunning plan - I see this shortage as a long term investing irrelevence.
re last RNS: Directors forward selling to buy warrants was a possible predicted outcome - good luck to them. That was sweetened to include an update of all on track.
GLA sittin and waitin
Added a few more.
I fully take dallo’s well made point that yesterday’s release was something to hang the warrant exercise/share selling on. Nevertheless I was pleased to hear that everything is ‘on track’ and, given the language such as ‘vision starting to become a market reality’ I’m highly encouraged and look forwards to the details as and when. In what has so far been a year when owning equity in ENET has been steadily derisked and the scope has massively increased with developments such as Tarana and DU then yesterday release was another such step.
Very relaxed and very excited re the future here.
GLA
I topped up this morning at 47.6p. It seems a shame not to take advantage of these prices when the company is only heading one way in the long term.
Seems the sticky club has absorbed all the sells - business as usual.
I will be sleeping on deck tonight. Still mid twenties and even in the harbour the air is heavy.
Israel is very much in mourning and I wish the best to my Israeli friends right now.
This is a super Country full of strong people.
Ethernity has a long standing partnership with Xilinx and the numbers are not high. Flow processors will have 2 or 3 identical fpga purposed differently.
I did read this last week
https://www.bbc.co.uk/news/technology-56847518
Yep from car production to mobile phones. Fingers crossed . ENETs 5G offerings I’m guessing will be lower in numbers so less effected but not sure about the Tarana front. Enjoy the Saturday gin think I’ll join you
The shortage was more of a problem in January and February but will be an issue all year. Ethernity use very common fpga and the main squeeze seems to be in the specialist sectors.
Ah yes indeed, my memory is failing me already. Having a massive impact across all sorts of industries that I wasn't aware of, amazing how much the world relies on these tiny little pieces of technology. Will have a look into it a bit more next week, back to my gin and tonic for now..
Sergi asked the same thing yesterday as the guy from Silicom mentioned it possibly effecting them. Certainly hope not.
Quite a bit of coverage in today's daily telegraph on the subject of 'chip stocks are hot as supply runs short'. Tips companies like ASML and Taiwan's TSMC - bit of a basic question but will this have a negative impact on companies like Ethernity and Tarana?
Thanks dallo
In some ways a shame they didn’t end up in your sticky hands but on the other hand it’s good that there would seem to be a growing number of folk who see the attractions of an investment in ENET, and if we’re attracting larger buyers as well as small, all to the good. Those 5G shares won’t shift themselves! Although as liquidity and volumes improve then shifting 5G’s millions becomes a lot easier.
It does sort of ‘feel’ from the actions and various noises that a liquidity event or events are close. I can see the time when ENET are trading millions of shares each and every day, allowing folk to join or leave in size with ease. 5G then becomes history, albeit , as I’ve said in every post re 5G, they’ve played their part in a positive way.I don’t think that the time to serious sustained liquidity and the start of a sensible valuation is too far away.
imo
GLA
It is interesting to see two chunky buys as in the last few weeks I assume that large volumes of supply has been absorbed by a wider market. Certainly over April 2.5 shares have been bought for every share sold. Given that we have seen increased volume this amounts to more than £1m of unexplained supply. Given the amount of shares actually in the free market it is quite a significant chunk.
These two trades highlight that somewhere in the background there is a supply being dripped in.
This is not a bad thing as previously every upsurge was capped by poor liquidity. When supply dried up the MMs froze the market out.
Of course , I may have blocked that out given the fact that the missus has planned my every waking move this weekend ! Cheers Dallo have a good one