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I think this is the reason behind all of hese sales. Once cleared it will take off
really want to see the warrants triggered this week to get them that extra cash flow
I don't think that there are any placing shares being sold. In fact there are very few sells. This share is very tightly held. The warrants funding certainly is not needed this year. At 30p how happy are we to see dilution at 20p and at 40 the same again at 30. It makes the 12p placing into a 18p placing. Remember that big sell at 9p. I bet someone is sick over that
Tracy
Given this deal and the inevitable forward momentum in the SP there is no way that the warrants will not be exercised imho.
We can still get some more shares now at below warrant price so we shouldn't complain.
I am having a crack at getting some more with an order in at 18p
Order filled 100000 at c17.34p.
Must be a few placee shares around.
Dallo agreed. Before this deal I had no doubt that we'll see 6 deals before year end. However most will be OEMs integrating with small payments. This us exceptional because it is two deals in one in a new market.
I am really in no hurry for the share price to climb. I have enough as I have simple needs but I have a few more on order. See what I get.
I am interested in a life making reward at £5 a share. I have no doubt that I will get that. Until then a tank of diesel and a full fridge is all I need.
I'm running a £500 car, I have sold all my other shares and all my free cash is in ENET, all my instincts tell me I'm playing a dangerous game but strangely enough I'm not worried. If we hit £2 a share it will be life changing as I now have a considerable holding.
A fridge full of cold Beer, a full tank , an open highway and destination...undecided.
I dream of the time a few years back driving around the Carolinas , Georgia and Florida on my own with not a care in the world.
Hopefully I will get to do it one more time.
Crikey this share must have some magnetic attraction to people of a similar mindset ! All in here for freedom and a nice cool beer . The kick start we needed atb
I am exactly the same Kit, I have gone all in, and gone agaisnt the number 1 rule of diversify but something tells me this company could be my retirement plan, have over 300K shares now so it's all or nothing!!!
Key bit in this deal:
"Subject to successful execution, the OEM anticipates that the contract could lead to further significant annual revenues for Ethernity from the supply of additional ENET FPGAs and vRouter software licenses for large scale deployments".
If this deal takes off, and we get the Chinese telcos sorted by the end of the year, ebitda expectation of 15m for 2021, values the shares £5 on a p/e 15. If we really take off (e.g. ebitda of 150/200m sky's the limit).
Great minds as they say Asklongy! I kind of forgot about rule number 1, if anyone had told me 3 months ago I'd have everything in 1 share I wouldn't have believed them but here we are.
This is a remarkable RNS, so much more than just a contract, new OEM customer, break through to Indian market (huge), specified initial contract amount and details of payment, possible future collaboration, may lead to further significant annual revenues and software licenses for Ethernity for large scale deployments (pending successful execution of current contract). What's not to like.
Still no sign of my 100,000 shares trade.
Market makers taking the buys at c17.5p .
Looks like some loose placee sellers taking 45% profit here on part of their holdings
Interesting to see afternoon trades.
Looking very good here.
Sorry do you mean you've been filled in 100k or you're waiting for the MMs to fill it?
. I have a small buy waiting at 17.5. Been sat for nearly two hours unfilled. The joys of international trading.
Bid
Filled at c17.4p.
May move again later which would bring me in a holding disclosure RNS.
Today the early bird didn't catch the worm. The consistent long term, small buys on quiet days bird will get the fat juicy worm.
Nice one dallo .. let's hope we get the big reveal.. can you wipe out all these MMs with a load of smaller buys please?!
Bid
Trade of 100,000 now gone through at 17.44p.
Placee sellers still around it seems.
The 100k buy popped up as a sell the same as all the other buys. 16/19 shows that the MMs don't want to play this game. No stock no money to be made. Clearly anyone selling before any measure of value is realised needs some kind of cranial examination.
My gun is almost fully loaded now.
Only time will tell whether I am to be a Prince or a pauper.
Dallo I will be a Prince you will be a King. I just need enough for a 56 foot Cat and I am happy. £600k will do me.
Tracy
Crazy....95% buys today shown as sells.
What is holding this back?
Mad
Dallo don't wish for too much at once. Too early for an rns a week at the moment. It will come but in about 2-3 months. I can see how this will go and I believe that we are right on course. I expect warrants to trigger in 4 weeks and 12 weeks. After that we are home and dry.
buy price getting higher now