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I thought that it was just £1.14m worth after whatever remains of the £750k which can't be much. Even if they decide to sell them all it won't take long at £30k a throw.
I would like to see them gone by year end but chunky news and they could go in two hours.
Meanwhile they are not trashing the market just capping it. We know why the share price sucks and we know that it's a temporary thing.
sad things is thr SP keeps dropping so low, that even with good news we don't even get back to where we was a few weeks ago without news. That £1 mark we keep talking about look a mile away right now :(
Great to see some more revnue coming in in and more security for the future of the company.
TL
It’s £1.14m plus a further £750k pre payment under the agreement.
So c £1.9m worth of shares still to be issued to them, at , say, 40p that’s c 5m shares to be issued plus whatever 5G is currently holding, which is under 5%.
So it’s going to take a little bit to wash that all through, assuming their intention is to hold 0%.
I agree, gone by year end seems a realistic aim. Chunky news could speed that process up considerably.
Asklongy
If ENET can maintain newsflow and hence interest then I see no reason why £1+ should not be achieved this year.
That would only be c £60m m.cap, assuming 60m
Shares in issue.
Little mention by Zak Mir again this morning, he would like a close above 46p today :-)
Wouldn’t we all, then off to 60p+
Do we expect a trading Update to accompany the AGM Monday, or ‘just the all resolutions passed’
type of announcement.
They've not done an AGM statement in the past martyn so doubt we'll get anything other than the formal stuff on Monday
Following the payment of the Fifth Investment and the issuance of the Placement Shares, the amount subscribed for by the Subscriber in relation to which shares will remain to be issued will be £1,144,500.
I read that as they have 750k and 1.14m remains. It could easily be much higher than 40p and we could see a few million buys on strong news easily.
I wouldn't get hung up on it.
Yeah, did have a look at the previous and thought the same.
I suppose we have to be comfortable with the news flow we’re getting, it’ll happen when it happens I guess.
Helps having a few other shares, so something is happening most days, good & bad.
Not hung up on it, but follow it closely seeing as 5G are or have been instrumental to the funding of ENET and are easily the most active shareholder in the market.
The situation , as far as I’m aware, is they are owed the shares on the £1.14m already subscribed. In addition to that, there is a further £750k that can be subscribed under the agreement. This £750k is part of the £1.5m ‘follow on’ investment that can be made by the agreement of both parties, as detailed in last September announcement.
Having already subscribed £750k of the ‘follow on’, I’m assuming the remaining £750k will be subscribed at some point.
I was using 40p as , hopefully, the lowest figure, give or take. Ie erring on the side of caution. £1 would be much better!!!!! Only c 1.9m shares then to be issued and not the c 5m @ 40p or so.
We will know when 5G are nearly out of stock, as they will then request further shares for the pre payments already made.
Given the close degree of cooperation that must exist between 5G and ENET then one wonders how much of the story they know inc future news releases and can thus time things to their advantage. Pure speculation on my part, freely admit, but given we know next to nothing about them, then speculation is fair and reasonable, imo.
6527 shares bought for£2996 this morning and now sold £2809.
I guess that they think that it won't go higher......huge mistake.
How dumb do you have to be to do that .Imagining a newb following strict rules set by some Tony Robbins numpty. ‘ dude set your percentage targets and if they’re not met by precisely 0808 hundred hours then get the hell oota there. Now don’t forget to like and subscribe ….’
How many times have we seen a modest response to an RNS on the day then several days of bigger rises.
This is a tiny piece of the Ethernity Jigsaw but next year will produce as much as the entire revenue last year.
This isn't jam tomorrow this initial order is today. All radio deployments will use this and we'll definitely see other radio technology vendors signed up. Like the DU Ethernity solution will be the industry standard.
Who does that. TL? I mean seriously who does that??
1639 did the same. What a Muppet.
Delboy traders?
So International Wireless vendor developing a hardened (secure and robust) micro/Milli product. Only really a free choices. No small names leading this game. Thousands of radios installed on each who can be offered this upgrade.
Like Tarana, and the Indian Contract Ethernity is the fairydust that makes their product the leader. We are talking each year maybe 400000 radios, wireless backhaul on many. Now we are looking at networks of radios on networks of DU. Networks of DU on networks of DU. This is an indoor unit in micro and Milli so we are taking short range, no penetration 5g enablers. Units could be 100's thousands a year.
Again small to start but 2022 $2m maybe beyond really it will explode.
Anyone not holding as many of these that they possibly can is insane. It's so cheap, doesn't even value one early stage product. Ethernity has many in trials or production with big OEMs, vendors and service providers.
OEMs are global markets, vendors are either China or global. Service providers are in big builds, no small builds on the horizon.
I guess you either see the obvious or not. Some of us saw it two years ago and to be honest it exceeds my wildest dreams. They can be pretty wild.
Website update - quite useful links to the parts mentioned in the story.
https://ethernitynet.com/press/ethernity-networks-signs-new-uep60-contract/
Re ‘exceed wildest dreams’, I can see that given the developments over the last year or so, UEP, DU products.
The market cap is so tiddly that anyone looking briefly at ENET would be forgiven for thinking there’s not much here.
A good end to the week, let’s hope next week is another good’un.
18 months ago it was about UPF and aceNIC acceleration with 3 Chinese mobile providers. Now that's 5% of the opportunity.
UEP and DU are the stars right now but Tarana is still a huge deal
OK so I am surprised by the scale of the opportunity with the UEP. This contract is really using it in just one of several functions within a ecosystem.
There are multiple opportunities for wireless especially within private networks. The Ethernity solution really is another level of function that will not be matched without using the Ethernity patent. The radio vendor is doing just that with this secure indoor unit. Others will do the same.
We can expect this vendor to exceed stated volumes, Ethernity are very careful with forward looking statements.
Trying to identify who it may be leaves a handful of options. All have thousands of installed units. It's very likely that this radio vendor will launch immediately they have everything in place and sales will be rapid.
Indoor units are really one of the last pieces of the Jigsaw and the Achilles heel of 5g.
The Ethernity portfolio is exceptional. The market is waiting for these units.
We'll have the same scenario with DU the first of which will be ready for real deal trials in a few weeks.
Good PR from ENET yesterday. I personally congratulated the team.
This deal is important not only for the numbers by themselves, which are very significant but also because this deal plus Tarana are starting to de-risk the investment and showing execution, which is what can move the stock right now (trading at liquidation+premium and not EPS discounted back). Also, this is a non-5G deal which is the core of my investment thesis.
That particular deal is significant because it is a demonstration that the company is succeeding in their expansion to becoming a provider of advanced network solutions (hardware, FPGA code and licensing payment per software). I think that the margins here are significant and higher than Tarana probably.
And also I think that this PR will help to relax this chat, something that was needed.
Till now, Ethernity is delivering according to the plan, no doubt.
The results from Silicom were good and most of the 5G revenues are expected well into 2022 and 2023, so the same for Ethernity. SILC is growing mostly from the legacy segment and SD-WAN, where ENET has some business as well.
I hope the next 6months will be very interesting for us and with lots of updates here from Ethernity, both about China and US/Europe 5G businesses. Maybe, also from licensing. It is clear that H1 revenues jumped YoY and that will need to be explained at the interim report in September.
I still think that revenues for this year will be a miss and 3.5-4M due to the 5G demand showing at the next year + the components shortages.
No need to worry about the stock, I think the market is just in a consolidation phase and the next time we move ¿in a few months? we are going to double the price from here. 90% of the returns are obtained from the 10% of the time.
Just look this, analysts completely misunderstand Ethernity... what a joke. The reality is that Ethernity is now a better buy at 40p than a few months ago at 30p or 10p - less risk, significant and very clear upside. https://twitter.com/wheeliedealer/status/1421012638364995591?s=20
Hi Sergi, good post thanks for the update. I also saw that tweet you referred to - seems a very lazy thing for him to say. Clearly hasn't looked any further than the basic numbers, maybe he's not familiar with analysing tech companies..