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We'll certainly look back on this blip as an opportunity.... Missed or taken.
I think it is not needed but... I still hold all my shares and I am a believer here. Hopefully, we will get the FY results + a separate update and the stock north to 80p this summer.
Or, the update in September and the stock at 30p hahaha. GL to all of us!
Just guessing but I suspect that an orchestrated squeeze by several holders. I know of one genuine seller now through and gone but I suspect that we had some averaging down going on and we'll see chunky buys through now.
wtf is going on here
Marcal
Just because I was so bored I had a quick scam through your posting history.
You seem to fall out wherever you post. I just idly wonder if it’s everyone in the wrong of you with your assumption massive chip on your shoulder posts. There’s a thought? Try it.
Certainly will Marcal with your boring chip on your shoulder posts. You’ve got a real problem, imo.
Marcal,
I didn't get excited by any short term forecasts or when this went to high fifties, not worried when this is in low 40s. This is a micro micro cap share, little trades with a large shareholder selling into a dead market with no news in the last month.
Not sure what has changed your mind from "yes, this is the one I'll keep for the long term and not worry on short term moves", the lack of an update? Tracy / dallo change of nuance ?
Would recommend building a portfolio of investment trusts as a base, not ENET or other small stocks. Used to be easy with monthly schemes of £25 with all the major players, but all virtually gone. A real pity as I got into fidelity, Baillie gifford, perpetual trusts when I didn't have a lot of spare cash but it all added up.
Marcal, despite disagreement on simplywallst I am sad you have sold out, hopefully breakeven or at a slight profit.
It is difficult keeping the faith when the price has retrenched, I have been there many times including ENET. As I am still in decent profit I recognise I can now relax somewhat, and as an older investor I have much more boring portfolio of investment trusts.
ENET is a proper stock, but with far more short term volatility and risk / reward than others - and where PIs need to do a lot of research due to a lack of broker and independent research to understand the potential. However, as others have said, this year is THE year when ENET must show potential can move to delivery, hence the current nervousness in the lack of an update. I still believe everything is in place, but would like this to be validated.
Yawn…….
There's zero emotion attached!
You have to laugh......
Marcel don't be a stranger your interesting posts views are what these discussion boards are meant for & i for one enjoy reading them.
Thank you
Every cloud has a silver lining!
No more some Marcal. Cluck cluck
Marcal
I, amongst others, had been calling for an update for some time.
I really do hope they release some strong news this month, lots of promises over the last 3 years but not much has materialised. Many of us put alot of faith in this company and have had large amounts held here for 3+ years, if this year doesnt show big gains and the SP past £1 then I am not sure how much longer I can have 6 figures sitting in this company when it could be making alot more returns elsewhere. Let's hope for a strong update and some big news soon!!
TL
Thanks for the reply, totally understand.
Just to add really appreciate your insight and take on all things ENET.
Well, currently on HL you can't even sell 1000 shares.. so if the seller from yesterday has more to do they'll have to accept well under the current bid. So I guess we're stationary until we get some news (which is fine by me).
Uhif I can't answer that without compromising myself so I will take a few weeks off the board until they have updated.
Re 7 months, agree, but think same applies for 6 months as well, when you weren’t in favour of an update.
Like 01234, I think you are saying that basically they are withholding info for whatever reason. Something that is market sensitive must be released without delay, but we all know there are grey areas to this.
To put a positive spin on things, if they don’t need shareholders right now they must be ok for cash!!!
Results need to be released in the next two weeks so I guess we will get our update soon enough.
My view hasn't changed about the company or the progress. I don't like withholding information that should be public so all can make informed decisions. 7 months without a broad update is insane. Look through the previous news much is expected this year.
Ok here are my final thoughts for this morning . TL you usually keep your emotional powder superdry so this is why your last few posts have been flagged by a few. Stupid you ain’t so my OPTIMISTIC guess is you know the team aren’t releasing information because of the position of 5G . I will leave it there.
Have ENET specifically said H2 and what have they promised?
The last update, in December, said
‘..to meet the anticipated 5G deployment that is anticipated to commence in 2021.’
Anticipated and 2021 is what I’m reading. Given the general update given on 4th May that anticipated 2021 revenues remain unchanged, ie as per forecast, investors might reasonably conclude all is on track. And 5G deployment will start at some point this year.
Yes I understand that now TL. You obviously have one eye slightly open where as the rest of us have them closed !
Skid they can update generally then when specific events conclude announce them.
I think that there are several reasons but it's clear that they don't need shareholders at the moment.
I have not changed my mind I just have new information.
H2 2021 is nearly here and they have promised much.
Tracy, do you believe they are waiting for something to close, rather than be in progress ?
That’s fair enough TL, as I said we’re all entitled to change our view.
Why do you think they are playing with shareholders?
Are they too busy, they don’t care as got all the cash they need, they have no idea how to properly run a plc esp ir, they are waiting for the right time and haven’t got anything concrete they can say?
On my admittedly limited experience they seem to value shareholders so quite why this unsatisfactory state of affairs should persist is something of a mystery to me.