Member Info for LearningG

Quant hilarious not Bergen or Patt or 504 or Tracylied

What is wrong with supplying the facts and even the path to 15 minutes work. You then see how much Ethernity have to cut costs and receive in revenue. If they confirm this next week then great news.

Again no numbers. Revenue what, margin what, costs how much. its actually 15 mins of work to get to info I have supplied, they are company numbers for last year. 324 million shares after warrants and last tranche.

its straightforward maths

You have supplied basic PE and price

What are you headline sales revenue , margin forecast and costs?

Then factor predicted dilution.

The company hopefully has a great future but I have supplied the 2022 source of data. We expect next week a full order and payment update you are ramping a dream past the top end of all expectation.

HTTp://ethernitynet.com/wp-content/uploads/2023/06/Ethernity-Annual-Report-31-December-2022.pdf

please read pages 7 to 9 and then you will see that operationally this company has some significant losses.

before someone says P/E 20 and EPS = X the SP = 25p. You need to understand the basic costs and margins.

The company has to turn significantly more than the 2.9m last year to get to profitability. I mean way more than double, probably closer to quadruple. It needs to get funding to get there. Either orders or a raise. David Levi has been transparent on this if you read the RNS's.

29/11/2023

6.9% David Levi 13,449,065 6.9%

2.9% Cipio Partners Fund VI S.C.S 5,722,000 2.9%

3.0% Shavit Baruch 5,760,438 3.0%

1.3% Pix Epsilon Pte. Ltd. 2,476,000 1.3%

22.4% 5G Innovation Leaders Fund, LLC Min holding FC 43,600,000 22.4%

Total Shares 237,721,091

It has taken Bergen 7 days to sell 26m shares.

last tranche of 61.5m shares after this one takes total company shares to 299.2m

Bergen only have to sell 30.3m shares to get to a position where their shares would be at les than 25% of company.

All in time for the GM on 8th.

Still not known about cash raise. Enet need SP higher to avoid dilution.

Too many stock buyers over last 4 weeks, perhaps? Think about clearing Bergen and Premier Mitons holdings.

Yes the share has been ramped which created liquidity and it was ramped at "scale" with many new accounts.

You can easily construct a model where ENET move forward into profitability. they would need sales of 11-12 million off existing costs bases. The have advised that this cost base has been reduced.

Tarana should account for 3-4m next year as a minimum, US aerospace 0.5m, licencing deals 1.5m gets you to 5-6m without trying.

They need the Indian OEM to place orders and pay, The Chinese OEM to pay and other new streams.

That's the update we will get at the GM if not convincing then any raise will not get away and its trouble.

Bergen are protecting what they have, its the right thing to do by their share holders.

Company IP and tax losses are valuable to someone and worth way more than current MCAP of 1.1m.

Question are who would buy as is, will a raise get away, white knight come in or will it be picked apart out of failure.

%'s are correct but total shares are now 194m

Bergen

Next Tranche 43.6m

Final Tranche 61.5m

Warrant and agent shares 24.9m

total of enlarged shares at GM would have to be agreed at 324.2m

That is without the expected raise.

If cash coming in next few months then company great but the company still need cash in short term so expect shares to go up to 450-500m to allow a raise.

100m raises only 800k at 0.8p 150m raises 1.4m before finance costs eat a chunk of that.

As said before still lots of unanswered questions.

Hello Quantas wrong.

Have a look at the companies I follow to start with I think you will find Patt is not interested in those companies. what is wrong with what I posted below it saved people doing the maths and is helpful.

Far easier to say moronic things like 5p next week or this is going bust with nothing to back it up. The holdings are on ENETS website. Take care of those that do not believe in posting BS

Yours not Patt

22/11/2023

6.9% David Levi 13,449,065

2.9% Cipio Partners Fund VI S.C.S 5,722,000

3.0% Shavit Baruch 5,760,438

1.3% Pix Epsilon Pte. Ltd. 2,476,000

13.4% 5G Innovation Leaders Fund, LLC Min holding FC 26,000,000

Total Shares 149,221,091

Since then say Bergen have sold 5m sold leaving approx 21 million to go more than 50% of first tranche has new holders.

24.99% represents 48.5m shares which is more than tranche 2 which is 43.6m. At this rate they will take in about another 2 weeks .

Good news at the GM and they could move through tranche 2 in a week or so say by 17th.

However GM allows increase in number of shares and raise takes to 450m, perhaps 24.9% of 450m is 112m so Bergen under limit. Job done. Is it a plan coming together?

Big pieces still missing like who is holding and buying all the shares? Do we have orders being paid for?

The low is capped at 0.3p for Bergen to sell. The current is 1.1.

Company if they can complete a raise will do extremely well to do at 20% discount 0.88 (extremely well)

say Company uses 200m extra shares and Bergen get the balance of their shares. The news will have to be very positive to get raise away.

If it is then current 1.1 p will look madly cheap but sheer amount of extra shares will hold SP back in short term. If not good news then scramble to exit.

The evidence hints at survival but we don't know the future sales , the non payments and how much of a raise they are after.

Good news is we do not have long to wait.

The footfall stats for Black Friday will be interesting next week. Customers are less sucked in now a days but Black Friday delays the traditional mid November start to Christmas shopping by 2 weeks, now Christmas starts with Black Friday week.

Christmas day is on a Monday which will mean men in particular leave it nice and late and will shop heavy as always on 23rd and 24th.

CARD will pay fractionally above minimum wage but control their costs tightly. Other competitors may be tipped over the edge by the chancellors 10% payrise, longer term it is good for CARD. Clintons often you see 2 staff and no customers that's expensive. 10.42 at 40 hours a week, pension and NI costs you 23k that's a lot of cards.

Zero or short hour contracts allow "sharp tactics" which means employers pension can be avoided and improve your competitive ness by 3%. You also get paid £0 when off sick, can you imagine advising the civil service they lose their "right " to the average 10 days paid sick they take every year!. The government moans about people not saving for the future but does not fix the rules for people, that will never understand them, its wrong.

Its a tough world on zero hours and minimum wage but the rules are set by government who are the biggest employers indirectly "the care system". sometimes I think its no wonder we have so many that have given up.

All that said step into 2nd and 3rd world and this is still luxury.

HTTp://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231121:nRSU0340Ua&default-theme=true

try this link

EXPECTED ADMISSION DATE:

Mid-December 2023

lots of TBC

14th of November 44.9m shares allocated 23% of shares to Bergen. TR1 its now the 5th trading day since 14th, to be below 3% they would have to have sold a huge amount. but large sells have been going through. lack of TR1 will have shown an appetite for their shares at the right price.

Flava

Raise

If a raise is on the way it will be complete (if they can) very soon after general meeting. They need share authority to up to say 500m at that GM. That's a raise on 200m at what SP? The news they bring forward will need to be really good to have a higher SP it would have to confirm a big order or that the Chinese OEM has agreed to pay at least the minimum.

SP. 4.5p with 500m values the company at £22.5m.

If raise at 1p then down side risk is currently 20% at 1.2, can they get the city interested at that discount and little support from II's on board. I can not see Cipio Partners and Pix Epsilon taking on much as they have been hammered.

News then has to be very strong, as has the perfect timing of news release vs the raise.

Why buy Microsalt for 50m when you could have TEK for 20p a share?

TEK share value

Innovative Eyeware 3.6M off current SP

Belluscra 4m off current SP

if Microsalt and Guidant float as badly double up 7.6m x 2 = 15.2 m

yes i know valuations of Guidant 13.4m and Microsalt 14.7m but judging by success of first 2, TEK have lost credibility

if 15.2 for combined TEK SP should be 8.5p

If 36.7m for combined TEK SP should be 20p but a whole load of launch costs to float.

At 9.4p City thinks 15.2m valuation is not far off the mark.

Microsalt needs to be the saviour, but wrong market to raise into. Off loading 1m of BEL for 250k hardly scream confidence.

Hits new 3+ year lows. time to give up?

The hardest part given the ups and downs of finance costs, R&D, bloated new offices, etc is to value Ethernity.

We know David believes at least £100m.

£3m sales have been brining in an 8m loss

revenue OEM pays up 7.6M, Tarana 1.5m, Licences 0.75m, Aerospace 0.5m, Indian OEM 0.75m plus forward revenue

total 11.1m revenue 2024 (humour me), not long ago they were talking 9m.

margin 61% gives $6.75 Gross Margin. Operating costs slashed to $6m

Small profit.

EPS 0.15 off 500m shares

at PE 20 SP would be 3p

If this happens and dilution is to say 500m shares raising $2m at 1p.

Then the company value would be $15m

Basically the higher the SP at raise and the larger the cash raised the better the chance of survival.

The IFS I warn are massive. It was just a bit of fun and i am sure you have all constructed your own models?

Given the history of fund raises. They need to be very clear where they are with all their issues, they are well known so they need give a clear path to profitability as promised for Q4.

Dilution could be very heavy here especially as Bergen now have until the 7th to clear their shares. That is assuming they go down the shares raise again.

They are executing a plan step by step.

Ethernity Networks Ltd (AIM: ENET; OTCMKTS: ENETF), a leading supplier of

networking processing semiconductor technology ported on field programmable

gate arrays for virtualised networking appliances, announces that the date and

time of the Company's upcoming general meeting ("General Meeting"), details of

which were announced on 10 November 2023, has been changed to 11:00 a.m. IST

(09:00 a.m. GMT) on 7 December 2023 at 3rd Floor Beit Golan, 1 Golan St.

Corner HaNegev, Airport City 7019900, Israel.

The Company will shortly be posting to shareholders a new circular convening

the General Meeting on the revised date, a copy of which will be made

available on the Company's website at: https://ethernitynet.com/investors/

(https://ethernitynet.com/investors/) . The date of the General Meeting has

been brought forward as the Directors of Ethernity believe that it is in the

best interests of the Company to secure the increase in authority to issue

shares free of pre-emption rights as soon as possible, to give the Company the

best opportunity to exit the ongoing temporary suspension of proceedings

("TSP") process.

As previously announced, in order to exit the TSP, it is expected that the

Company will be required to raise additional funds. Whilst the structure of

this is not yet known, the Board believes it is prudent to put in place

sufficient authorities to permit an equity fundraising. Should any fundraise

take place, the Company will prioritise structures that would enable existing

shareholders to participate on the same terms as any incoming investors.