Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Oct 18th RNS Trading update ....
The outlook for H2 bookings' performance remains unchanged.
· H2 2023 bookings are expected to be in the range of $4.3m to $6.0m.
· Relative to prior periods this would represent:
o Sequential progression on H1 2023, with 54% bookings growth at the low end and 114% at the high end
o 5% bookings growth relative to H2 2022 at the low end and 46% growth at the high end
o FY 2023 bookings performance in the range of $7.1m to $8.8m
· Forecast closing cash position as of 31 December 2023 of $16.0m to $16.5m
The pipeline has been appropriately cleansed and qualified, and management is confident that what remains is robust and of high quality. The Q4 activity started well as evidenced by the already announced contract expansion with NatWest and a material renewal from US insurer HCSC, with a combined total of $1.3m in bookings. The Q3 bookings reported plus the early Q4 bookings activity announced result in H2 bookings total to date of $3.0m.
Overall, Cirata's pipeline continues to be in the early stages of a rebuild and we are entirely focused on building a strong basis for growth in 2024 in line with the Company's Turnaround Plan. We continue to target cashflow break even as we exit 2024 and move into 2025.
Approach to Disclosure of New Contracts
During FY23, Cirata has communicated news of new contracts and renewals to investors which included smaller contracts to disclose the ongoing progress being made in re-engaging with current and prospective customers and the positioning of Cirata for growth and success.
Going forward intra-quarter, the Company will adopt a policy of only announcing material customer wins and renewals.
Summary data on all deals will be captured within quarterly trading updates.
Stephen Kelly, Chief Executive Officer, commented.
"Our turnaround plan is developing momentum, and our collective focus now is squarely on growth and tracking towards cash-flow breakeven. We are pleased with the level of engagement with both our partners and customers. It has been a period of "root and branch" positive changes with a new Board, new Management Team and new Company name and brand. These are early days in the Company's transition and although we can see the green shoots of progress as evidenced by recent contract announcements, we realize that our future success relies on a continued relentless focus on growth and execution."
See 05 47 this morning
If the merger goes ahead Chuditch could be key farm in or acquisition
BUT
let's see what happens between them first.
On the same wavelength Legin
Todays RNS
Will not make the list but Stephen Kelly CEOhas 1.56% of the company's shares.
Not all purchases but also allotted shares for managerial duties.
Meeting 9am
Essential housekeeping nearing completion
Agreed settlement with creditors , yes more dilution, but a necessary action to get free of the TSP stranglehold
A raise likely BUT
Reutable and innovative products in place for greater sales and contract engagement
Greater opportunities to negotiate contracts in the boom market
https://www.researchandmarkets.com/reports/3301144/carrier-ethernet-access-devices-global
Tier 1 Contracts with US military demonstrate confidence and support
The future will be rosier
Toda's housekeeping RNS
... the total number of voting rights in the Company is 114,933,648. This figure may be used by shareholders as the denominator for the calculations
Spreadex would be on the table of Top 10 if yesterdays RNS had been included. ..5.03%
The "newest" Top 10 shareholder list is on the website , as of Nov 17th .
The previous one was for Aug 11th.
https://cirata.com/investors/shareholders
Very little change but Richard Griffiths allocation is amended to 8.93% from 5.97% is the largest increrase.
The lowest in the Top 10 stands at 2.75%
I suspect there are a number of other investors sat with sizable allocations but not enough to make the list.
Thank you to the company because I did request an updated list on Nov 22nd and was told an analysis was being completed over the period of the next 10 days , so they kept to their framework and published to the website.
Good show Cirata.
A great report and well spotted flava
I will repost it here as well
https://www.proactiveinvestors.co.uk/companies/news/1035172/ethernity-networks-targets-cash-positivity-in-transformative-2024-1035172.html
In a nutshell .....On track moving forward
1. All work program commitments to date have been fulfilled
2. The extra time allows time to advance the funding plans for Chuditch-2, with a number of potential funding partners.... progressing well
3. Drilling phase decision date is June 18th 2024
A second RNS today re the placing?
Don't be surprised
Hope that you held onto those shares, particularly if you were sat on a paper loss. This will rise again and we know it goes quickly.
OK a raise coming to be debt free and free of shackles
Everyman and his dog knew this because the RNSs tell us
If it drops today its another cheap buying opportunity
The company strategy is happening and quickly
Tier 1 contracts have a real positive meaning
Including today and the 18th we are nearly there, for a decision to be announced in an RNS format
10 trading days in total
The Board anticipates that the current cash balances, together with the anticipated cash receipts due ahead of the year end (details of which were announced on 29 November 2023), will enable the Company to exit the TSP process. Notwithstanding this, the Company is considering options to raise additional funding to strengthen its balance sheet, which the Directors believe would improve the Company's ability to secure significant contracts with potential new customers.
David Levi, CEO of Ethernity Networks, commented: "While we have had an extremely challenging year, particularly over the last three months, the team has been working tirelessly to release the UEP products with the required functionalities for our targeted customers. Together with our Fibre Access offering, which is targeting the US$50bn PON Market, and our 5G Open RAN data plane offload solutions, we are hopeful that 2024 will be a transformative year for Ethernity and, with our careful cost control on the reduced operating cost base, our goal is to generate positive cashflow."
Why on earth mention EUA .... nothing like that company
Believe in your research as opposed to the possible quick trade
Got a good price to decide your strategy
43.4% rise ....oh what a shock to the de-rampers!!
43.4% rise ...oh what a lovely day for the believers.
63m shares traded yesterday ... more buyers than sellers for the 43.4% rise
average daily trading volume of 18.5m .... smashed yesterday
agm on dec 7th
all this with new fresh news but maybe today ?
gl
people keep saying ignore /filter out the doubters/ trolls/ those who love to ****.......believe in your reseearch
lets have another good day...mms may set a lower opening price to make a some money on the rise but ignore
keep the smile on the face
As posted about 4am today .....
Share approval will go through on Dec 7th because the short term future will be mapped out , with the customers on board or in the wings.
This financial and share housekeeping has become necessary.
There is no need to panic over the future of ENET
Happy to see this from the lows
Yes please.
MCAP and SP increases immediately.
Yes please.