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01234 much more going on there than we know for sure. Not for the public boards discussion. The investment was good to Ethernity even if we pay a bit for it now.
And at that point who knows maybe 5G will stop selling wink wink
Yes it's interesting after all the press of Nokia and Ericsson end to end 5G wins we now see private networks increasing with actual timelines which will beat many of the end to end networks reach maturity.
I believe that many private networks will be pulled together over the next 10 years. We have seen just in the last few weeks the very start.
Dish Dell are not just building their network but will go on to create networks globally as integrators.
When we hear of Ethernity involvement there in the DU and possibly other aspects the share price will explode.
Also good to see the co agree with your take TL.
How I love exponential!
The Company anticipates that as soon as the Company completes the development of the routing software stack integration, orders for customised UEP routing platforms together with vRouter offload and DU based FPGA Smart NIC (ACE-NIC ) offerings for deployment into cloud native environments, Open RAN and 5G core will increase in exponentially.’
Good stuff TL
The prospects and breadth of tech here just gets better and better.
https://www.google.co.uk/amp/s/amp.ft.com/content/5e8a7d9c-784f-44b2-be9d-fddeddea209d
Sorry if posted already . Dish on the up
I have been researching the UEP-20 solution and the 60-300 versions.
It is absolutely clear that like the ACEnic-100 this will form the basis for a huge volume of sales. The product has multiple deployment opportunities like the ACEnic-100. It is adaptable to multiple roles with almost limitless configurations.
I can see like ACEnic-100 the UEP family becoming a staple network component.
With global mature 5G is network mass deployment about to start we can expect to see huge interest in the family of solutions.
The next contract will be from this family and we'll read how the initial $900k order will expand to substantial recurring revenue.
We know that the market is a muppet but we choose to play.
Landed a decent tuna today so that's protein sorted for the next few days.
Sold most of it at the marina to a fish hawker.
Pays for about two months of marina fees.
I hope soo... would be another example of market efficiency ;-)
$1m income from the first six months nearly $1m from one contract with $3 pa potential. Yes it's capable of adding a big chunk to the share price.
It shows Ethernity as winners, not just Tarana they can repeat the trick many times.
It is known to those who read the report. A new contract RNS is a different occasion. Also we may find out who the customer is and which application it will be used in. We may get visibility over how the future income will be created which will provide a reasonable assessment of margin.
Information is key here.
You are welcome skid.
I am not sure if the $3m contract can move the stock as it was already included in the annual report... therefore is well known. The way it was said it was like it is a new contract. Otherwise shouldn't be included...
MWC Barcelona this week. I don't think that Ethernity are exhibiting this year. Many are attending in person and many virtually.
Ethernity are nominated for an award but I suspect that the reduced scale and nonsense "safety" measures makes it too disruptive at this busy time.
Certainly Ethernity are flat out at the moment and I doubt that they'll have capacity to take on anything else with multiple mass deployments in the near term. A great problem to have, a tiny agile business highly engaged in multiple streams of business.
Many thanks Sergi.
A fairly conservative view with potential upside both in existing business accelerating but also of opportunities we are completely unaware of.
Supports my view on where the share price has the possibility to be late 22 early 23.
Expect a few bumps in the road both up and down, but as most on this board believe a market cap of £23m is a market mispricing opportunity.
I'm not going to make any short - medium price predictions, expect it will be driven directly by news and an understanding of what 5g are doing.
fairview fair point but funding doesn't have to mean dilution. There are plenty of opportunities to be creative with contracts signed.
I don't think that David will be rushing to dilute his holding at the last hurdle.
This isn't just Ethernity setting timelines there's plenty of support from across the industry with many deployments 21-22-23.
Many shares will benefit not just Ethernity. However Ethernity share price has so far to go even just to reach the current situation that it could add 25% a month for the next year and still be cheap.
By the time they need more cash (if they decide to do volume manufacturing) I expect the shares to be much higher than they are now. The strength of the business will be clear for all to see by then.
Agree TL.
The other point I was going to mention was the have said they are ok for cash for 2021. There will be another £750k from 5G IF anyway at some point. They have said they may need more cash for volume manufacturing , but that is wanting cash all for the right reasons and should be very well received:
. Sell the Company's proprietary ACE-NIC FPGA NIC hardware (and future generations), that will embed the Company's IP and software stack, which may result in the Company requiring additional working capital to fund the manufacturing process for large volumes.
Some truly great posts from the knowledgable thanks all. Let’s get busy !!
After several years of waiting and last year talk of H2 2021 mass deployment.
We are now at H2 2021 contracting and mass deployment H1 2022. Although Ethernity will be commencing sales well before actual deployment. Given the squeeze in some chips integrators will want product on earlier schedules and tight supply contracts.
This is what we have been waiting for and it's about to start. Anyone who just sold, thinking of selling or sitting on cash is insane.
Part two
The company here confirm near term orders (second half) are expected
‘….the planned growth for 2022 from the current existing customer base and that the market evolution, uptake and deployments as have been long anticipated will now be realised from the latter half of this year and the long anticipated and expected growth will now come to fruition.’
It’s all pointing in the same direction, massive growth heading our way!
Very interesting that ENET are looking to collaborate with an FPGA vendor:
‘The result is that we may also see business opportunities for our DU NIC card without routing. For this such configuration offering we intend on collaborating with the FPGA vendors in a joint go-to-market plan which will allow us to meet the target price versus cheaper ASIC offerings, but with excellence of DU offload and the Sync/timing solution.’
There’s plenty more in the report concerning trials and deployments, but the above bits particularly caught my eye.
It looks a very busy period ahead for ENET and their shareholders.
GLALTH
Part one
Just a few notes and thoughts from reading the AR through.
Generally, there has been some delays it certain areas, perhaps in the order of 6 months or so, but I feel this is more than compensated by the DU ,UEP and other developments. Also I don’t think any of us expected the rapid Tarana development last year. ENET look to have a much more rounded and encompassing offering compared to last year, with multiple projects and developments in relatively near term trials and deployment.
The emphasis is now much more broader than the Chinese UPF market, that has to be a good and healthy thing.
R&D. ENET continue to spend an impressive amount on R&D, we are seeing the benefits of that policy. Some $4m was spent on R&D last year. One measure the Techinvest magazine (I no longer subscribe, but that’s another story) use to identify tech co’s with potential selling at attractive levels is the Research ratio, m.cap divided by annual R&D spend. ENET’s is currently about 8, it would have been substantially less last year, around 2 at times.
Rule of thumb is anything less than 10, take notice. 8 is well in take notice territory.
ENET consider they will be a ‘key player’ in the 5G market. That is some claim, also it puts the rather trifling sub £25m market cap into context
‘The Company's disaggregated FPGA-based products and innovative IP coupled with software appliances covers the Open RAN space from tower to core. These will all contribute to the Company to positioning itself as a key player in this market.’
I do like talk of exponential increases!
‘Our DU and UEP offerings are offerings of combined hardware (or FPGA Firmware) that will be equipped with our routing software stack, of which the first version is schedule for release by Q3 21 followed by an advanced version planned for 2022. The Company anticipates that as soon as the Company completes the development of the routing software stack integration, orders for customised UEP routing platforms together with vRouter offload and DU based FPGA Smart NIC (ACE-NIC ) offerings for deployment into cloud native environments, Open RAN and 5G core will increase in exponentially.’
If I’m reading the above correctly, the routing software stack integration should be done in Q3 21 to tie in with the first version release, so exponential increase in orders is v.close, happy days!
Next best thing to exponential growth is large scale growth, we’ve got that box ticked as well!
‘I am hopeful that the growing momentum around our 5G UPF, 5G DU, UEP based wireless backhaul networking unit with an integrated bonding solution will lead to the realisation of large scale growth in the coming years.’
Another low Earth orbit satellite broadband project -
https://www.bloomberg.com/news/articles/2021-06-27/bt-agrees-to-use-oneweb-satellites-for-u-k-rural-internet-push
Answering a question about how all the ecosystem can be different when there are clear interoperability mandates. Yes there are however they assume the use of a totally open network built within the designated structure. However what I think we'll see is Off the shelf ASICs used for functions that cannot limited future proofing. The programmable fabric will then be used in limiting factors only. This is the best of both worlds approach. ASICs has an output, a product just like any other solution. The Ethernity DU just has to be matched to the actual system not the model system. That's why they are working together on a complete solution for each of the ISPs.
FPGA would have been used for the prototype even on ASICs then they would replicate the result in a ASICs solution losing the ability to change. Ethernity use the prototype structure and build a solution from it in the same form. That can be repurposed many times and parameters changed on the fly.
So use cheaper and available ASICs in some roles and fpga and virtual solutions in others.
Not much press about this but some back to 2019 as a possibility.
I believe that is what we are seeing.
Inevitably partners of partners.
The mix of ASICs and programmable components will be the way it is done. When you think only some elements require flexibility as long as they can be made interoperable.
I really struggled with how Ethernity could work in isolation in 3 places maintaining separation. This is done because each is actually different therefore the solution is unique and the parties are already contracted.
All DU functions but all different. This is because the ecosystem of each is different. The same problem but different environments. This makes fpga the perfect application. Other NICs in the Dish chain will be maybe between the edge and the DU or the Radio and the DU. I don't know but clearly the process is disaggregated and geographically displaced from typical ASICs based end to end networks.
Ethernity has on many levels ran products that can function on Ethernity fpga or any other vendors.
The Nokia elements will be their regular kit I am sure. So Ethernity will have to work with whatever is before and after in the system.