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It won't be if 5g IF sell on anything above 45p. It is a temporary situation giving an artificially low share price. The ebb and flow is disrupted by a unnatural force and until it changes only exceptional news will break it.
However fear not exceptional news is on the way.
Asklongy,
Still no 60p, nor even 50p.
Look at every other boom sector and the path is quite clear. A volume of money arrives and FoMo takes over.
Thanks
I will study more and hopefully improve
Sergi you have consistently ignored the change in circumstances. Ethernity are entering a totally new market, this isn't Silicom bringing out a product into an existing market. In 2021 Ethernity had no market to sell into hence sales from old business. The 2017 IPO at 130 a share was to position for a new market anticipated 2019-20. So now it's 2022.
The price represents the opportunity in a global market. The value of new markets is not backwards looking it's speculative.
It would be nonsense to think Silicom has even 100% headroom. Ethernity has exponential growth now in the midterm.
The share is worth what people are prepared to pay. They are just starting to get interested in 5g as a boom sector.
Your valuation is based on no 5g market in 2021. It's simply not realistic. It's like extrapolating sales before a shop opens for the day.
Ethernity has zero 5g sales in 2020-21. In 2022 I suspect $20m from 5g as an absolute minimum. So you tell me could up to $6m 2021 and $20-30m 2022 produce a say £2-3 share price. Add in some dilution for mass production and we are there
Some companies are in the slow ASICs lane so will overtake. I know where my money is.
Tracy... saying that the stock price should be 200p is a non sense. You know that this is not real...
That's 30x 2021 sales...
I would sell most of my holdings if trading at this price tomorrow with no news
Agree with that TL.
Let’s hope the boys at ENET have a cunning plan!
I think that the market will wake up to Ethernity in the very near term. Ethernity will be a £200m company soon and they need to establish good practice now hence going on about the poor market engagement. They need to be engaging the next generation of investors now as "we" can't carry it forward forever.
Ethernity are on the cusp of being self sustaining and this opens up a new section of less risk investors.
Once thresholds drop to 12 months as they are now they need to be strategic about their role and reach. 12 months from now Ethernity will be ramping up Tarana sales. Deep into DU production with a fpga vendor and at least one mass 5g deployment. They will be picking up production for UEP-60 and supplying cards to SE Asia and China.
We know of Al least one Private 5g network and that may deploy in 2022.
So in 12 months it very feasible that they will be in production on 4 different devices and software deployments.
NOW is the time to be talking about this. 5g IF have to be long gone before that.
Just added another c23k, this is simply a bonkers price in a deeply inefficient market. A month ago I didn't think we would see sub 50 again but here we are giving me another buying opportunity. Sold out a final tranche in BOOM where there is still upside, but not as good a story as ENET.
I don't have any short term target. I really don't think the market will wake up to ENET until late next year at the earliest, and even then won't value the company correctly until a bid comes in.
On IR they do need to have investor presentations ready for rnss, so potential investors can see a forward path. I really was interested to see wheelie dealer describe the market cap as daft (I think it is but the opposite way) after reading the rns, as I thought he might do a bit more than a cursory glance at the company but this does show the thought process of a PI who has a fair amount of cash and does a lot of work understanding the market.
I think a DU rns, if it is covered in the press (IC, questor, tempus, Midas etc), will create interest as the application is easier to understand and could be associated with a brand they recognise.
Roll on H2, thanks to the info on the AGM.
I have given up mentally assigning any logical value to the share price. It should be £2 now so trying to predict is something of a waste of energy. I am not selling at £1 or £2 so really it's not important. We have a artificial hold on the price with 5g IF which requires volume to pass. This is why they need to engage the market. Also whilst 5g hold shares there's the opportunity for someone to start asking more questions so best get them sold. The only way that will happen is by engaging the market and stimulating some interest
Thanks TL.
Hopefully they will they will use the contracts as the centrepiece and provide support around that. That would be the sensible thing to do. Could just be wishful thinking on my part!
The sort of news you are talking about should mean ENET are valued north of £1 for starters, imo, and £55m would not by any stretch of the imagination be a full or even half full valuation, imo.
Yes I do hence the pressure now for the management to engage the market. They can only win and it will bring in similar business.
Right now Ethernity have people knocking on their door for solutions. Timing is everything and our time is just beginning.
If the management let the contracts do the talking they are making a big mistake and it's just lazy.
Sergi I think that Silicom will find a shrinking market for ASICs 5g components. We are learning that each ecosystem is different and Ethernity are going beyond the segregation of functions and physically moving process to improve performance. ASICs can't respond to that.
What we will see is Ethernity move into the ASICs market by lifting these L1 functions into their solutions and chopping stupidNICs out of the chain..
Sounds good TL.
Get that sort of news out, hopefully with names attached and give the market an idea of scale and surely it’s vertical take off time. Do you see it like that?
Indeed however June is H1 so we wouldn't expect them to have started as they are flagged for H2. So a few days before H2 starts they expect Trials in H2. Not Q4 but H2 so let's assume that it will be Q3 into Q4. Deployment 22. Who do we know deploying an open ecosystem in 22. Who do we know partnered a server vendor in the US deploying in 22. I know of only one.
Get the feeling that if we can build the newsflow up then volumes will increase, 5G will be cleared out and the shares will go vertical as m.cap is looking stupid right now let alone any more positive developments.
Re: Du
Not sure if an update is due to come here. Maybe by the end of the year. That's what silicom said about a 5G project with TEF
Okay. Okay. No worries. So, it is now eight months away since you announced the 5G field trials project in October last year. Is there any kind of update you can give us about these field trials?
Shaike Orbach
Yes, I can give you an update about that. The customer has decided to use, I would say, next generation of solutions for these field trials, which is why we are still working with the customers in updating what we wanted to do at the beginning. That means actually the period or the timelines for these kind of field trials would be postponed into next year.
Re
‘I believe that this is the adapted aceNIC and Ethernity software stack in a off the shelf server DU ready joint product with a huge global player’
That should put a rocket up the shares backside!
Is the above one of the three tier 1 server vendors for the DU product?
Re the DU, the results 6 weeks ago said
‘Progressing towards trials during H2 21, with vendors anticipating deployment in 2022’
indicating trials had not yet started at that point. I think you are saying that the trials have now started?
I am hopeful that in the next 3 months we'll get information about a contract and a production order with deployment in the US having already started. I believe that this is the adapted aceNIC and Ethernity software stack in a off the shelf server DU ready joint product with a huge global player.
Regarding my post the testing are trials for the aceNIC adaptions is H2 not Q4 and has started already.
The 4 sellers so far this morning see Ethernity as losers. Next mandatory update will be the interims probably 5-6 weeks. I suspect that we'll get 2 solid pieces of news between then and now.
The $930k contract had zero impact on the value on the both times it was disclosed. Any buying was soaked up by a double tap seller and continued by small sellers.
It was worth 25% even in this poor market based on income and exposure to a new income stream. Even product validation has a value not realised. So we can view it as more force behind the share price but we can only take that view so many times. Currently behind the share price unrealised we have DU, UEP and Tarana as it's below where it was when we had none of that. Also unrealised is the proximity to return. Sales are a few months away now
An update on DU progress would be very useful. It can't possibly have any competition complications as Ethernity are working complete solutions with all three. Information has to be shared from solution to solution. We know that that testing or trials will be Q4 and deployment next year. Can we have an update on if this is happening. This is an opportunity to tell the market and importantly integrators and OEMs that Ethernity delivers. Who are the server vendors, again these are vendors with clients engaged. The details of the vendor has been released from the other side so the fact that they are working with Ethernity is no secret.
Ethernity are a tiny company, the server Vendors are huge and engaged with substantial ISP on large scale deployments. These are very positive associations for Ethernity and they need to be talking about them.
These associations Inspire confidence in potential clients who see a tiny Fragile company with limited financial resources. When partnering on a long term project requiring investment this is a big deal.
A Reach RNS saying that lab development is complete and now they move to real world testing would really create interest.
Brian can do them . I know he’s not the messiah but he’s a very clever boy….
I am sorry to say I find David's accent so strong that I find it impossible to comprehend his presentation. Not sure what the answer is but quite honestly the written word would be fine for me.