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💰💰💰💰💰
Basically a license to print money, no real stock/inventory required either. Enet has a cash cow here.
Agreed, I reckon this will finish blue today, this is going to be one of those decent recovery stocks for 2024 :))
Could be...
Margins
The gross margin percentage increased to 61.9% in 2023 from 54.4 % in 2022 reflecting an increase of 7.5 percentage points which is mainly attributed to the increased licensing revenues which carry a 100% profit margin.
Rlb and pwill ya broke me I got some more under 0=8p showing red
Absolutely in the same boat with wishing I had dry powder - average of 0.9p at the moment and didn't think there'd be another opportunity to average down lower.
I just wish I had some dry powder. Absolutely a barga8n
Can't believe we can buy these now for under 0.8p. Couldn't resist this morning. Showing as a sell but who cares.
Leave you to peruse.
Think Tarana, Think ENET.
https://www.linkedin.com/posts/tarana-wireless-inc_together-the-divide-is-shrinking-the-activity-7189266746988445696-cfuN?utm_source=share&utm_medium=member_desktop
https://www.businesswire.com/news/home/20240423482599/en/unWired-Broadband-Largest-ngFWA-Operator-in-CA-Expands-Tarana-Powered-Network
https://www.linkedin.com/posts/carlguardino_crazy-fast-home-broadband-crazy-great-company-activity-7186197127327318016-hr7K?utm_source=share&utm_medium=member_desktop
SKID
Whilst we have slight differing of opinion based on ENET history, both from a personal perspective and a time based perspective, the two new members of the BOD, will be influential with Levi. Based on your knowledge of him previously he was misguided or he trusted other BOD members too much. The new personnel will promote and introduce contacts for contracts I feel sure, to be signed off by DL, I presume. As a full BOD it is the job to work together on behalf of the shareholders.
Outlook
"Since the beginning of 2024, the Company appointed a highly experienced and knowledgeable VP Marketing and a talented and professional new CFO. In addition, two External Directors have joined the board, bringing deep know-how in finance, marketing, and strategy.
With a robust technology and IP foundation, a diverse portfolio of products and services, an efficient R&D structure, and recent additions of professional talent, the Company is now better positioned than ever to face the future and capitalize on the growing market opportunities"
"Ethernity EXPECTS to secure new contracts for our Carrier Ethernet and PON technology, in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established business. This momentum positions us for significant future growth as our OEM partners leverage our solutions to win market share and generate revenue for themselves. We anticipate this will translate into substantial new revenue opportunities for Ethernity in 2025".
Tarana
We are pleased to report continued revenue growth in 2023 from our U.S. fixed wireless broadband solution customer. "Furthermore, we are actively engaged in the development of a second-generation product for this customer. This development effort is ongoing in 2024, and we have been advised that the customer anticipates placing new orders for both the first and second generation products throughout the second half of 2024. The customer's rollout ramp-up plan for the second-generation product is scheduled to take place during 2025. We ended 2023 with two significant contract wins from existing customers"
The Military components manufacturers is on ongoing, scalable and renewable and will require US Government permissions, I presume.
ENET is well placed and better placed for new orders and as you indicate probably announcing in the second half of the year onwards.
Better placed and half glass full, for me.
Hull.
Posters are consistently overestimating the influence of a non exec no matter how good. They don't close deals.
Tevet still seems really thinly spread. All depends on the state and sales stages of the pipeline when he joined.
Still seem some way away from even one revenue stream which gives steady multi m $ annual revenue like tarana.
DOWN.
Simple , concise, stands in its own, cuts through the lies and hype.
Someone made a mistake with those trades !! 100k 😦
Skid, I know that you that Davit Levi is not a favourite person of yours but this is what was written in the RNS.
Your earlier days of Levi and ENET did not have Kunstler and Tevet with him, as he does now. I think the boat has had a high quality makeover.
April 19th 2024 RNS
David Levi, Chief Executive, said "During this past year, we achieved significant growth in revenue and gross margin, with a major turnaround in the second half. This success came despite facing headwinds from the global economic climate. Based on the scopes of work being discussed with potential new customers, Ethernity EXPECTS to secure new contracts for our Carrier Ethernet and PON technology, in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established business. This momentum positions us for significant future growth as our OEM partners leverage our solutions to win market share and generate revenue for themselves. We anticipate this will translate into substantial new revenue opportunities for Ethernity in 2025".
After the RNE comes the orders.
Hull.
More negatives than positives - mainly that it still leaves tarana as the only real end user revenue stream in 24.
Tech business model is selling exactly the same product / application multiple times at very high margin, not playing around developing for individual customers.
Just hope the products they are part of are volume sellers.
Main hope h2 has a tarana order updating their existing estate with a software update - instant cash, instant margin.
Just wondering if those new contracts have landed yet?
Nice one SKID
Customer has a need that's not quite off the shelf
ENET with its skill base and product base
Suggests
PAY NOW for R&D and ORDER LATER
Both customer and ENET.... WIN
Customer gets desired product and ENET gets revenue.
Nearly unfiltered but thought again 😂
Christ on a bike, Skid has posted a balance view. WHOOO, this must be about to take off
Trickey -
Nice to see how I stated "key issue here is the 2.2-3 isnt product revenue, it engineering" has led further research - I thought I posted a pile of tosh? But good to be of assistance.
So why it is the key issue.
1. you cant extrapolate the 2.2-3 forward in any meaningful manner. So a further potential revenue / cash cliff Q1/2 25.
2. the money doesnt flow from an end user with the product in the field as royalty / product
3. it is a heavy investment from the customer, it will go through a lot of approvals and investment appraisal - hopefully with the statement of absolute numbers this is 95% complete - but the final 5% is always the pain in the backside.
4. still dont know whether it is an enhancement to an existing product which has a run rate for ENET, or a completely new product subject to launch. end user acceptance etc.
5. the enet product is not plug and play and therefore still needs work to ensure it works as part of this OEM stack, or future potential opportunities
6. Vs royalty or product the cash flow might be very backended or even 2025 (income can be recognised in accordance with work undertaken even if not billed)
7. Development / testing always takes longer / costs more than you plan for
Having said that
1. If they do get an order there should have been due diligence and an ROI evaluation from the OEMs that they can recover this amount from a given number of units in X time period.
2. Hopefully from a shareholder perspective it is effectively 100% margin with the costs embedded within the run rate DL has spoken about, not additional developers / testers on top
There has got to be some good news soon , either way if they sighn , stuck less than a penny ,, ceo needs to pull there socks up and spill the beans .
Castle
Yep its back to the .7's for sure
Emm looks like it may dip into the .70s
Cheers hull. No sells at 0.8p since that £6k at around 1.30pm yesterday.
Basically customers pay upfront or in installments and when work is complete and the customer is satisfied then comes the order or orders.