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Hi uhlf,
Agreed. My issue has been for some time that I, as a shareholder, have very little knowledge of what the company that I part own is actually doing which isn't particularly satisfactory. Other than the Tarana deal, the latest information I have about Ethernity is from last December which, frankly, doesn't help me make pertinent investment decisions with my capital. Information is a very precious commodity. Time, as always, will tell though. GLA LTH.
That refers to financial performance $6m. Increased engagement and activity even production orders like Tarana will mainly report after year end.
They cannot say anything without detail so whilst everything is in flow they say nothing.
The company has increased interest and demand for sure. 3 server vendors is 3 more than last year.
Perhaps we are still a tad to early, note ‘now starting’ etc
‘Our unique and innovative solutions are now starting to penetrate into the major market players who have seen the need for our technology. I remain extremely encouraged by the progress and while there remains an immense amount of hard work ahead, I can finally see the vision starting to become a market reality.’
DL needs to share exactly what that vision is and why it is starting to become a market reality. Perhaps we’re still another 6/12 months away from serious traction?
Molineux
Re uptick in activity/demand, this is not really supported by the most recent company statement of just over a month ago that
‘The outlook for 2021 FY remains unchanged.’
Albeit that the forecast call for $6m this year v $2m last year. But the co statement gives no real indication that they are seeing an upswing in demand? That’s my reading of it.
Fair comments Molineux
It’s a shame that it looks like they are going to bundle an update into the results.
I also fear a fairly bland everything is on track type statement. Which is ok in itself, but after this length of time we need more meat on the bone.
A comprehensive update should be a stand alone RNS from the historical results RNS, imo
GLALTH
They need to up their game on the ir front.
As dallo has pointed out more than once, investors have been patient. But patience is not a bottomless well.
We need to know the future landscape.
Also the situation with 5G strikes me as most unsatisfactory from an investors point of view.
But balance needs to be maintained as well, ENET hsve done a lot that is very much right and correct and got themselves into a superb position , imo.
The IR issue should be easy for them to sort out, but I feel they are not tuned into this aspect. They need to be, imo.
What's the betting that the results come out tomorrow with a similar bland statement to the one issued previously about everything being on track?! I have said this before and I shall say it again - if the market is to believe that Ethernity has seen an uptick in activity/demand for its IP/contract discussions and or engagement/positive advancement on the various testings etc, then the company needs to a) confirm same; b) provide a detailed business development update; c) offer the board's view of the immediate term future for those same developments whether good, bad, or indifferent.
I have also said a number of times that the longer the period from the last proper update, that being 2nd December 2020 IMO, the less the shareholders know about the company at the current date, what it is doing, and what the prognosis may be in terms of capital/market value and thus, share value.
I hope I am wrong, but I fear a results RNS at some stage over the next two weeks with little or no detailed information about the current year's progress or the short term future. As always, time will tell. GLA LTH.
re...A management made crash in my opinion. If David Levi doesn't think updates are important to shareholders then he's mistaken.
Perhaps you should/could point this out to him when you're next communicating....( all in the nicest possible way of course;)..)
Re updates, myself and others have been saying that for months.
A management made crash in my opinion. If David Levi doesn't think updates are important to shareholders then he's mistaken.
I know that the company are busy, they have multiple engagements and sales will be filled in H2. However the AIM values them as losers, plain and simple.
The SP is wilting like me in the heat!
Agree, shame they didn’t take the opportunity to release last years results months ago. Then they could follow that up with a comprehensive update at a time of their choosing.
If they are going to bundle both together, which looks likely, then there is that danger the message might be lost in the backwards looking almost ancient history results.
If that happens, ENET only have themselves to blame.
But ultimately it should make little difference, ENET are either going to thrive and be very successful or they’re not.
All the signs are the former, but we need some confirmation.
All imo
GLALTH
It's clear that we need some sweet icing and a cherry or two on top of the 2020 financials report.
Personally I don't like news in the report as the headline will be about the irrelevant financial performance from a period ending 6 months ago.
I don't care about money raised just what they spent it on.
Soooo Naftali Bennett then. Wonder if he likes enet !
Hoping for some news this week Atb
Interesting looking at Tarana wireless and their network of resellers that actually are not resellers but Tarana Wireless. Horizon Wireless was even previously cancelled Tarana until 2017. They also have a company established in India. These are exclusive vendors selling just Tarana products. MTN seems to be the exception as the hold the Africa and Middle East license. Handy as they also have ownership and contracted use of tower real estate.
In the US and Canada I assume that they market directly to the Broadband providers. Europe I don't know how they will do that. It is a huge market but very fragmented.