The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEthernity Net Share News (ENET)

Share Price Information for Ethernity Net (ENET)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.90
Bid: 0.85
Ask: 0.95
Change: 0.00 (0.00%)
Spread: 0.10 (11.765%)
Open: 0.90
High: 0.90
Low: 0.875
Prev. Close: 0.90
ENET Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Foresight, LendInvest report annual rise in funds

Fri, 08th Apr 2022 11:13

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

----------

Foresight Group Holdings Ltd - infrastructure and private equity investment manager - As at March 31, total asset under management up 21% year-on-year to GBP8.7 billion, while funds under management rise 27% to GBP6.5 billion, mainly on organic growth. Total net inflows and performance for the year rise 57% to GBP1.5 billion from GBP900 million. Core earnings before interest, tax, depreciation and amortisation and revenue are set to be in line with management expectations.

----------

LendInvest PLC - London-based non-bank mortgage lender - For the year ended March 31, platform assets under management - which represents deployed capital - increases 36% to GBP2.15 billion from GBP1.57 billion, through strong demand for the company's Buy-to-Let offering. In addition, funds under management which reflects committed and deployed capital rises 18% year-on-year to GBP2.94 billion from GBP2.49 billion. Due to the levels of FuM over Platform AuM, and in spite of an increased inflationary environment LendInvest expects pretax profit to be in line with market expectations.

----------

Argo Blockchain PLC - London-based cryptocurrency miner - In March, mines 163 bitcoin, up from 135 BTC in February, meaning that mining revenue for March amounts to GBP5.2 million, up from GBP4.2 million. As at the end of March, the company owns 2,700 bitcoin. Argo also announces the appointment of Seif El-Bakly as chief operating officer.

----------

Premier Miton Group PLC - London-based asset manager - As at March 31, closing assets under management at GBP12.8 billion, down 7.9% from GBP13.9 billion at the end of December, as net outflows for the second quarter come to GBP216 million from open-ended funds.

----------

Ethernity Networks Ltd - Israel-based networking and security company - For 2021, pretax loss widens to USD9.2 million from USD6.3 million the year before, driven by an increase in research & development costs and lower gross margin percentage. Meanwhile, revenue grows 42% to USD2.6 million from USD1.8 million, through recent contracts signed, and orders received on customer deployments. Looking ahead, expects significant revenue growth from its FPGA-based programmable system and FPGA SoC, with 2022 contracted revenue standing at USD4.3 million, and USD5.0 million for 2023.

----------

Vp PLC - Harrogate-based equipment rental firm - For the period since its interim results were issued at the end of November, the company maintains its recovery in trading performance with its core markets of infrastructure, construction and housebuilding providing increasing levels of demand, leading to anticipation of the company's annual results coming in line with management expectations.

----------

Ramsdens Holdings PLC - Middlesbrough, England-based financial services provider and pawnbroker - For the six months ended March 31, expects to report pretax profit of around GBP2 million, swinging from a loss of GBP133,000. This is due to a recovery of foreign currency volumes with the easing of international travel, and more than 50% growth in jewellery retail revenue on improved merchandising. As at March 31, pawnbroking loan book rises to GBP7.5 million from GBP5.7 million.

----------

NFT Investments PLC - invests in non-fungible tokens - For 2021, pretax loss widens to GBP2.8 million from GBP39,704 in 2020, due to costs related to the valuations of warrants issued and two separate fund-raising rounds related to the company's IPO. During the year, made seven investments, however generates no revenue due to being a start-up business.

----------

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
30 Oct 2023 19:16

TRADING UPDATES: Digital 9 dismisses call for strategic review

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
25 Oct 2023 17:07

LONDON MARKET CLOSE: FTSE 100 fights off early losses in mixed trading

(Alliance News) - Stock prices in London closed mixed on Wednesday, as concerns over monetary policy and developments in the Middle East lingered.

Read more
25 Oct 2023 12:12

LONDON MARKET MIDDAY: China stimulus fails to boost European stocks

(Alliance News) - Stock prices in London were lower at midday Wednesday, as some strong US earnings overnight as well as a fresh stimulus plans in China were unable to lift the mood.

Read more
25 Oct 2023 10:46

AIM WINNERS & LOSERS: Ethernity Networks surges as withdraws settlement

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
24 Oct 2023 19:21

EARNINGS AND TRADING: Robinson hit by Storm Babet, Altona loss widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

Read more
20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

Read more
20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

Read more
20 Oct 2023 10:15

AIM WINNERS & LOSERS: Harland & Wolff up on vessel contract upgrade

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
20 Oct 2023 09:32

IN BRIEF: Ethernity shares crash as subscription settlement continues

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Receives settlement notice for USD90,000 from 5G Innovation Leaders Fund LLC pursuant to share subscription agreement announced in late February. Says 5G Innovation is entitled to issue settlement notices under the agreement despite notifying Ethernity of an event of default and despite Ethernity's ongoing temporary suspension of proceedings. A court in the Israeli city of Lod granted the suspension order on Monday last week, and a settlement manager was appointed to review Ethernity's short-term budget.

Read more
16 Oct 2023 16:13

Ethernity Networks shares fall as suspension lifted

(Alliance News) - Ethernity Networks Ltd shares fell on Monday, after the suspension on its shares was lifted after just two business days.

Read more
12 Oct 2023 14:39

IN BRIEF: Ethernity suspended from AIM after "challenging" months

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Announces application to court in Tel Aviv for a temporary suspension of proceedings order and to convene a meeting of creditors. Also announces temporary suspension of shares from trading on AIM, effective Thursday. Says it has faced significant challenges in recent months, including "a significant and unexpected increase in cost and lead-times" of essential components, following a global shortage caused by Covid-19. Several customers also have experienced pandemic-related financial difficulties, making it harder for Ethernity to collect outstanding debts. Ethernity also believes two long-term customers have been violating usage of a licence "for several years" and says it "will be taking steps to claim against this infringement". Says its current cash balance is approximately USD107,000.

Read more
20 Sep 2023 14:27

TRADING UPDATES: Dianomi swings to loss; Epwin revenue up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
14 Sep 2023 13:57

IN BRIEF: Ethernity Networks extends share issue date in subscription

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Says current outstanding balance under the share subscription agreement with investor 5G Innovation Leaders Fund is USD1.4 million. Extends the date by which 5G Innovation can request Ethernity shares to be issued until March 3 next year. All other terms remain unchanged and as announced in late February.

Read more
31 Aug 2023 14:14

IN BRIEF: Ethernity to move New York shares to Pink Open Market

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Shares will cease trading on the OTCQB Venture Market in New York from Friday, instead trading on the Pink Open Market operated by OTC Markets, also in New York. Says primary listing will remain on AIM in London. Ethernity shares were admitted to trading on OTCQB in September last year, with the company saying it decided to transfer to the Pink Open Market "due to the absence of perceived benefits for Ethernity's shareholders from the OTCQB listing, and the excessive resources it entailed". Says US-based shareholders will, via trading on the Pink Open Market, continue to have access to a platform for trading Ethernity shares.

Read more
9 Aug 2023 12:16

IN BRIEF: Ethernity Networks hails progress on delayed contracts

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Provides an update on two contracts previously announced in October 2021, for a wireless backhaul solution, and November 2022, for a broadband wireless access solution. Contracts have a combined value of USD740,000. Company has experienced delays with these contracts, with the customers unable to deliver the required hardware to the company. Says it has now been notified by the two customers that they intend to deliver their prototype hardware during the final quarter of 2023. Once delivery of the hardware has taken place, the company will be able to complete the contracts and invoice for the remaining balance of USD550,000. Contracts are now expected to be fulfilled during the final quarter of 2023 and the first quarter of 2024.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.