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Monday is the start of another week. Time for the management to Impress shareholders with some information.
Tracy
It all comes down to whether we shareholders trust Levy and his management team to deliver.
Trust is a two way street ..both sides must show it.
We as shareholders have shown our trust through placings , warrants and even 5G and myself through a large holding.
Trust when lost cannot be redeemed easily if at all
So coming up to the AGM on the 2nd August I expect management to assuage shareholders concerns.
Continued silence particularly on the vital UEP 60 contract is not acceptable.
Downside is around current SP given Tarana and the patents.
However none of us are here for 40p share price and £22m market cap so maybe we will be vindicated soon.
Still believe nothing has changed but investors need support from the company and hopefully next week will bring us some joy.
Imho
Dyor
I believe that the technology will sell very well and the share price will be £5-10 within 2 years. That is just one measure of delivery.
I think that they lack experience and have little depth. I was hoping the new chairman would adjust the focus but it simply has not happened yet.
It's tiresome but a fact that most shareholders need a lot of handholding. Getting this right is as important as the technology.
It would really help to manage expectations to have quarterly updates in addition to the mandatory interim and full year. So adding July and April would help balance out the year. This will be some repeat but also a chance to add some detail.
I think much as I hate them David needs to do more videos. Last one was delivered in January. They wanted the warrants money so were bothered to do it. How about doing it just to inform shareholders and potential shareholders.
You must remember the history of failure of many AIM stocks built in as a risk factor in the shares. A lot of AIM companies promising the earth, excessive board pay and options lead by CEOs with all of the ability, charisma and integrity of a small town estate agent - and zero delivery. Outside this small band this share has minimal support and I cannot remember a single write up in an investment newspaper or publication, even when this is for "5g winners".
Tarana changed the risk on ENET, both the deal itself and the validation of the tech leadership and the business case from a customer perspective, for one product in their portfolio.
I think news will come when it comes but it has to be h2, frustrating as this might be as it would be good to get the margin of safety from buy price to a decent level. In the longer term a good investor relations strategy will be good, at the moment I don't believe it will impact share price as the market will look for p&l delivery rather than strategic promise.
I'm back in the market on monday.
Re ‘a lot of AIM companies promise the earth’
So far ENET are fitting in very well then! Floated at 140p four years ago and have promised the earth several times, most recently with visions chucked in as well!
Ok, harsh maybe, but true.
The trouble with ENET, like a lot of companies, they’re happy to talk when it suits them or put out statements (eg cash flow) but then there’s never any follow through.
They need to be consistent and not take us shareholders for granted. Otherwise some will undoubtedly go to pastures new.
I think they will be ok, but they’ve not made it easy for themselves and with their shortcomings it’s not hard to see why we’re at a , imv, stupid m.cap for this stage of their development.
I will continue to add, but need to see them seriously upping their ir game. There’s plenty of competition for my cash!
You're of course correct on float price. I would never invest in any AIM company at float and certainly not enet at that price with an unproven market and position in that market, especially compared to where we are. Was looking at brandshield, another Israeli company, as a possible investment but have held off waiting for the froth to wear off which it has to some extent.
Judging when you joined the board I would expect you are at a profit of somewhere between 50- 100% even at a 40p price, so a pretty decent return on this timescale with minimal downside.
I am hoping enet bod know what's in front of them in the next 6 months and are focusing 100% on this to the exclusion of all else. A couple of items of news will take this into 50-70 territory.
Anyway, as always time will tell, hoping for an RNS so this board focus changes and we are looking to understanding the market and product potential of the RNS.
Sounds to me like a few of the larger/more vocal shareholders on this board should possibly try to get to the AGM and give the board a rocket about their IR? Is the AGM in Israel or in London?
Skid
My average is low 30’s, very happy with that. Started buying low 20’s, bought as high as 50p odd, so, overall, about 20% up. I’m absolutely fine with that.
Re minimal downside, not so sure about that! Downside is always 100%, but in an AIM tiddler losing money downside is not insignificant. Apart from the general market wide concerns, there could be delays, revenue warning, discounted placing ‘for growth’, the boys decide to sign up for 5G version 2, 5G gets put back here, there, everywhere.
I’m not saying any of the above will happen, but the risks are real and significant.
That’s why they need to fire on all cylinders and they need to make sure they present themselves properly to investors. I hope they don’t treat customers the way they treat investors!
To be honest I’m done with persuading companies how to act, it’s too much effort , I’ve done it before, with some success. But now? If a company can’t figure out what needs doing then that’s a big black mark and it’s just easier to find a company that wants and respects all shareholders equally. I’m done with pushing boulders up hill.
Just thinking about the telemedicine blog, it’s the second mention of this appliance of 5G tech after Brian’s mention of surgery being conducted by someone situated in a different country. I was very condescending of it but perhaps there is a hint of interest here? Clutching at straws possibly but seeing as we are talking about lack of news I’m going to make some up myself! Atb
Of course there is risk but from here it's less than an inflated stock.
I think that the Telemedicine is a definite area where 5g will really deliver. However I see all wearables as huge opportunity.
The sex industry was mentioned the other day, this will be massive with VR, AR and wearables.
Uhlf.
I think this is all getting a bit frantic. We had a good update virtually exactly a month ago, but are still waiting for an RNS on one deal which should hopefully appear and we can all relax a bit for the summer with i) a bigger buffer ii) knowledge that the probability of further prices moves are in our favour.
I do worry about a further cash raise, which I feel would be for working capital rather than R&D / fixed assets - primarily as I would have to liquidate other stocks I have and are comfortable with.
On 5G, I recognise the funding was an act of desperation but recognise Mark did a decent job getting this out. Still unhappy not knowing with the faceless PO box and potential knowledge they had at the time as it could have gone t###s up for them.
Recognise we both are looking for the same info and assurance, hopefully we can both crack open a virtual beer in the very near future, preferably this week !
skid
Can’t argue with too much of that. Yes, raising more cash is also a concern for me, esp at a market cap of £22m
Re Mark, perhaps, the board have to take responsibility for letting the cash get so low, it was a mistake, imo. But that has been explained, least to a certain extent, in the AR, so that’s the past now.
I think , for me, the feeling is they would rather be doing something else than explaining to investors what’s happening. They know what’s happening, so perhaps are not bothered and maybe they struggle to understand why other investors are concerned.
It’s hardly rocket science. TL has made some suggestions re updates/news. I still feel a brokers note wouldn’t hurt, although recognise the drawbacks. It’s just an overall feeling that they are not nearly doing enough to keep existing g investors satisfied, let alone draw new ones in.
atb
Love to crack open a real beer next week if something like dallo’s ‘transformational’ dream comes true!
If there has to be a cash raise BUT half of the enet fingers( not talking 5G sex now) are shown to us to be in all the right pies then it matters not.
Industry realisation
https://www.google.co.uk/amp/s/www.forbes.com/sites/forbestechcouncil/2021/07/23/5g-why-the-best-is-still-yet-to-come/amp/
the SP seems to follow a pattern, we get a bit of news on a deal once every 6-12 months and the SP jumps up to the 60's for a week, then it slowly works it way back down to the 30's. Wish I sold and bought back in each time, think I would have tripled my shares for the same capital by now. Might have to take that tactic next time, sell on the high, wait a few months buy back in at 30's :)
It will have to break out next time. We'll have multiple contracts for 2022 deployment. Initial production orders will start well before deployment.
The market is about to switch on, when it does there's going to be a rush of people to the sector. Ethernity has maximum exposure from this ridiculous current price.
Sounds good, just need ENET to spell that out loudly and clearly!
They won't even when it happens. They will reveal initial orders like they did for Tarana. The market will then have to get the message when 2 or 3 of these events group together.
Others have invested substantial sums to build solutions around Ethernity products.
They will deploy on mass in 2022. It will be H1 2022 largely because mass deployment has slipped a couple of months from Q4 2021. We see from Dish that service providers have very ambitious deployment schedules. Most have a 22-23 window. Leaving it to H2 22 to assemble component supply chains is a non starter. The market is waiting on a few key components from Ethernity. These will be complete and launched over the next few months. Then the Circus starts.
News over the next 5 months will be in preparation for 22. We'll see 3 new products completed. I think that they will go straight to trial delivery as the initial versions are in extensive testing.
This is the DU hardware configuration that will ultimately go to a fpga OEM for mass production.
The new UEP product. David says that the market is waiting for this an order commitments will come immediately.
The 3rd is a CU product.
We'll see orders from the first 2. CU will be 2022.
I took some more at 39.7. I think we will hear about the UEP contract soon and it will be more evidence of enet commercialising their tech.
I agree. I am more focused on the action rather than the lack of words. If it was £2 now nothing would change for me, I would still be holding.
The noise around deployments really started just a few months ago and it will get much louder very soon.
News has to come and it will be around 5G mass deployment. This is a course that will gain momentum rather than what we have seen which has been fragmented contracts with fixed total contract amounts. This will be like Tarana produce ongoing new production orders.
‘They won't even when it happens. ‘
Yes, I think you will be proved absolutely right and I won’t be at all surprised.
Just hope this don’t all back fire on our very shy hide your light under a bushel style of management.
If a low ball bid were to succeed they’ve only got themselves to blame.
If further funds are required, then we will all suffer the increased dilution a weak share price brings.
Sounds a plan asklongy!
Although , as far as I can see, sp has only got in the 60’s once in the last three years, spiked there two years ago.
This latest phase has more volume with it, overall.
To think you can buy into a company that has vital solutions for a multi multi billion industry for just over £20m takes a bit of getting used to.
Despite ENET’s reticence on the IR front, it’s too stupid a price to pass up
imo
I think this may be a risky strategy. Two or three rns may take this to a completely different trading range and it may be difficult to buy when the share price is being chased up with shares in sticky hands (and 5g out of the picture), no Crystal ball as usual so just don't ask me when!
Having said that as I buy on dips I am doing something similar just with a longer timescale.
It's easy with hindsight. I have traded this a few times with my trading pot. I had some success but as a positive person I can't wish the price down. I think that it's foolhardy to try it now.
I tend to gamble my future expenses like my fuel budget and I have had a few free tanks on Ethernity ebb and flow.