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So does nobody see the $930k contract in the final stages that will be announced soon. The future of that contract will be huge for Ethernity.
Headline $930k contract with $massive$ thrown in year after year.
There are now multiple deployments expected 2022 those mass deployments are disclosed but there's lots more going on.
The 3 major server manufacturers Dell or not will create news over the next weeks and months. This is not a switch off on, there are multiple opportunities for news.
Now this backwards looking report is done the management can look forward.
4th May the management stated that they are on target for this year. I can't see that has changed, delays with covid are nothing new.
It may suit some people to be negative but there is almost nothing negative written today.
Hi sergi, all -
First time posting here as my main investment is SILC and have just added an ENET position to my portfolio a few months ago at low 30s based on hints from sergi.
While I am still fully holding my position and see an excellent 18-24 months opportunity, I am not quite sure why there are so many positive posts here today. My view is in line with market reaction. There is a very clear hint in the PR that they will not make the 6m for this year (further delays) as well as they have not made 2m last year.
I think they will end up with 4m+ for 2021, while market reaction might not matter that much as these results will only be posted in a year. Nonetheless, I see few short term catalyst and would expect share price to be more in the 30-50p range for the next 3-6 months.
Still long here but more patience needed than some might like.
I think they have cash for 1.5 years at current rate
Wow!! Brilliant stuff in the forward looking statement.
All the long-term holders can see this being a 10-20 bagger from here, and easier too see when you have TL bringing the various pieces together like he/she does so nicely.
H2 21, and H2 22 should see multiple announcements that the market should "recognise" and re-rate the share price. For now, any friends/family/ppl here wanting to add, its a pretty good time to do so. ATB DYOR
(btw glad Marcal's gone, Cambridge another member of the short-term price movement club might get bored and move on too!)
30% from recent Highs. What does that even mean. As useful as up 200% from the recent placing price.
You only post on down days. I guess that you have no friends.
Virtual Router: The Company is collaborating with a Tier1 Networking vendor on a joint offering that will include their well-known Cloud native virtual router software package and our ACE-NIC100, that will offload the router data plane. Within the framework of the collaboration, Ethernity will benefit from the inclusion in their substantial market position that they hold with system integrators and service providers.
Any guess who this is. Several I would like it to be. Tier 1 So network to network. There are several new players like Volta that spring to mind.
The theme that we are seeing is a whole host of projects based on ACEnic-100 trialing in the very near future and deploying 2022.
Last year we were told deployment will begin 2021 but gain size 2022 and grow exponentially from then onwards. That is now beginning to look like the case.
at least were on the Top Fallers board.. might bring some attention..
The share price speaks for itself!!! A fall of 30% from recent highs is at best is a crash and signals danger... on aim that often means a capital raise
Cambridge you are a complete idiot.
hopefully its not another deeply discounted placing. frightening share chart
Like others I will add when retreats to the 30's. I'm far from unhappy at progress, and remain very optimistic about this opportunity at low mkt cap.
My job is not guessing department but that's my opinion. So obviously I can be a looser here and I will not be concerned :)
For me the comments semell like a forecast below expectations in a few months. Could be wrong for sure. Either way, I am not playing short term
Dallo, yes always assumed the update was late to provide a piece of solid news in the update. If this has a $ value this must be a certainty.
I was about to post something along the lines of 'welcome bluffmaster, excellent first post'.. however it is dallo, very strange. Excellent commentary dallo, glad you are suitably impressed.
Greg - well said.
Not sure what the market expected but seems all is in line, with a couple of nice for bits thrown in for good measure. Recognising time taken to close deals I do like the conservative tone.
It takes a while to digest the update but it is throwing out a lot of crumbs to be revisited in one of two years time, really pleased the company is still planning to spend a lot on r&d.
Said I wouldn't buy more but at this level will use any dividends in my SIPP to top up through the rest of the year, I simply cannot see any other shares with such potential.
I feel very patience investors will be rewarded here with steady gains and then massive gains at the end of 22 / early 23.
Sergi we can both celebrate when I prove you a loser in the guessing department.
I posted a message which has been erroneously ascribed to Bluffmaster.
I do not know how it happened but some gremlin has crept into the site.
I apologise to Bluffmaster but not my fault and I will report the error.
Correction
Tracy, hopefully you will win the bet :))
I have perused the final results statement for 2020 and the financials were as expected given the early stage development of Ethernity and it's product suite .
However what is now evident is the increasing scale and size of Ethernity's contract wins as demonstrated by the Tarana deal of an initial $2m with potential to grow to $5-$10m revenues per annum with a fair wind.
Also the UEP 60 customised deal nearing contract completion with an undisclosed client has initial revenues of $930,000 growing to $3m per annum per the statement.
So just 2 customers may contribute a very significant revenue stream over the coming years.
Add in the expected patent protected UEP20 revenues noted of $800,000 to $1m in the next 12 months and we can see the revenue growth could be exponential particularly if we add 10/20 large contracts like Tarana and the UEP 60 based bonding solution customer over the coming years.
Not to mention the ACE-NIC /DU products with leading Tier 1 service vendors set for trials in the coming months, Avionics and other possibilities which give great comfort to investors.
The Gross Margin of 85% should also be highlighted.
Note Levi 's statement
" furthermore as highlighted above we anticipate securing orders for 2022 and along with the 2021 carry over, will result in achieving the planned growth for 2022 FROM THE EXISTING CUSTOMER BASE.."
The management and the new Chairman are being quite cautious in their statements and rightly so but the increasing size of existing customer orders allied to more contracts of a similar magnitude could transform the investment case.
I suspect they held back the results to try and complete the UEP-60 contract the final announcement of which could add 10p to share price given the expected revenues .
Very encouraging imho
DYOR
5G news is released on a daily basis now as providers improve and enhance their capabilities. These are mostly done through alliance and collaboration. Ethernity are engaged in multiple alliances and collaborations. I think it fair to say that Fiberhome is shelved now given the US position on them. However China is still very much a game on.
Most of the progress reported today is US and probably Europe but that does not mean that the global opportunity is reduced it is just a matter of timing.
Greg indeed and Ethernity can secure many of others DU orders with the 3 major server vendors. Interesting that we have seen several times about Integrators interest in the DU solution. Suggesting that Ethernity will have a standalone DU bolt on for integrators to marry with CoTS servers of their choice.
I don't know how the DU deals will go but I think that we can expect a substantial engagement payment from Dell and two other server vendors, probably this year or following trials.
Looking broadly across other contenders I have to assume that Dell are the engaged party. Obviously not news now as they have trials and as David says much work ahead. Certainly Dish will be starting to add fabric to their network early next year.
The results are exactly as I expected - 'Fish and Chips'.
Nothing has changed - still a pathway to a massive multibagger.
The RNs was a long document that nicely summarises the situation - will be of some use to II's - with some decent juicy reminders of potential e.g.:
A recent report published and as highlighted in our Blog https://ethernitynet.com/market-for-dus-in-openran/ calls for 1 million DUs in use by 2024 (excluding China), representing an average 400,000 DUs per year during 2023/24. In this market Ethernity is positioned as a differentiated and innovative offering with integrated routing and security offload that utilises our existing IP.
Sergi I will take that bet. I feel cruel to take it from you but I will.
They stated that $6m was the expectation and so far they have exceeded the Tarana volume by 50% on orders. Just a few weeks ago they said that they were on track. I see no reason for them not to be achieving $5m in the period flagged for the most action and income.
Yes there will always be delays, suck it up. This company are flying with their tech. I don't think that there is much downside and it will take very little to realise 60p. After all we know that they have substantial news near term.
Asklongy, I'm inclined to agree. The market doesn't look forward to anticipated events, it works on known facts and, whilst this is a very welcome fully detailed report, it does appear as though being cashflow positive has been moved into 2022. I'm still, however, looking at H2 as being a very positive time for ENET. Time, as always, will tell.