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that is very right ma friend...
I guess if someone is waiting for mgmt or board to buy shares, will wait for years or... until the next raise.
David has invested quite a lot vs his salary.
what a nightmare here... markets are broken. Anything about offices change?
uhlf
the last thing he told me before I sold my stake was that he would maybe not respond anymore to shareholders as he was angry with the answer he faced from us/them (when they sent notice of EGM). Maybe this is the case, I don't know.
Hope this helps.
01234
you are very right and Silicom has been a poor investment for me in terms of return, although risk has always been low (higher now). I decided to move on and sold the 100%. The only one in which I made some profits was Napatech, which btw, is also in trouble with sector issues.
I should remember that this sector has been in issues the last 5 years. Despite that, there are risks affecting the sector and risks affecting each company independently. Risks affecting enet independently I would say are higher than sector specific risks.
uhlf
this is promotion of stock only.
When a company releases an update, after missing the last year so big, and they say nothing about Q1 performamce you can imagine... I share your frustration, I had aspirations here so it is sad.
The reporting, forecasting and communication with shareholders are so bad, and this is not the responsability of the CEO... btw, no one assumed responsability for that, ENET has been publicly traded for a while.
the 35% discounted raise makes more sense every day...
I'm sorry, I just wanted to give my opinion. Now you will tell me the stock is down bc of my 2 posts? lol
You should remember I have warrants and I prefer the stock to rise than fall, as I appreciate Levi's work and commitment. Good luck.
01234
The company should be very careful with these empty updates bc they could be understood as a red sign and have the opposite impact.
Meaningless update with the only purpose to hold the stock.
01234 does he??
Researching is not being all the day writing here and saying the company can do unrealistic numbers in sales, given that they have $1m in inventory, $5m cash, and low manufacturing capabilities.
Research is going at the ground, speaking to people, employees, customers, competition... mgmt... And try to see things before others
I still watch eneto on the dark just bc I have warrants and will be interesting to see what they execute in 2022! Lots of promises were made...!
Cheers
Well done uhlf. If you had done that when the update was out you would have saved 10p per share.
Keep researching, researching, researchiiiing!
research, research, research.
execution, execution, execution...
who cares about words?
dallo
you fail to see that we had many news like this one. mkt feels nothing changed. What about china upf? Was the promise one year back!
Cheers
james I think 10-12M$ Revenue could be EPS positive. Cash flow I am not sure but not $6M. I wouldnt expect it below $8M
The thing is the WC they need to buy things in advance (tracy said It was very well wrong..) on top of the cash for operations
The cash is always issue here and if warrants dont get executed by Dec '22 watch below.
so I did some follow up research these days.
The $6M guidance is now 2.8M because:
-1.2M delays which maybe I was wrong and it is not Tarana
-1.5M delayed is the indian project
-0.5M difference I dont know.
I think no guidance and no investor meeting for 22 should be expected. '22 will be a challenging year in terms of shortages but seems to be improving (not worsening) as Silicom said. The messy PR and '22 outlook will put the market in a limbo but the strategy to let the numbers speak is good one if they speak finally.
The $3M contract I think will be H2 thing and $1M for '22 if no issues with shortages (maximum)
The **** for '22 is that all the contracts they signed this year some of them had upside optionality which will not impact '22 at all as lead times are 12-18m.
I am sad because I was telling them about the shortages a while ago but obviously that's not easy to manage. I still hope they will make other major changes to improve transparency, reporting, and other weak points.
So I would expect $5.5-7.5M for '22 down from at least $10M.. let's see... missing this range would be very disappointing
I have no shares only warrants but I keep an eye on them with hope. Thanks
It is very difficult or impossible for me to look at 2024 if 2022 fails again. First of all, they would have lost the wave of the demand, the market is not waiting for them, if something is needed now the market will find solutions (check SILC calls regarding project delays).
Secondly, if 22 fails (I think "it will be a hard year again") and/ or the warrants are not exercised, be careful. Hope is not the case.
80p is very far away now and any investor can realize why the raise was done and why a 35% discount.
My views only.
skid
I will maybe post a little bit more, but with time it will diminish as I have other tasks to do and cannot spend all day here.
There is no model, skid. The model is broken. obviously my 22e are lapsed. I have no clue how it will look like, maybe $5M, maybe $7, $8 max? Who knows...
Thank you skid.
I still remember when I said this past summer that the print could be $3-4M and all the things that Tracy told me after: I was the stupid guy in the room.
And I probably was, as at the end of the day it didn't matter that I knew this, my roic has been 30% only in 18m, while the market performance was much stronger (and the risk here very significant).
The sad part is all the time that I lost speaking with people or researching, as I am not going to come back. It does not mean that I think the stock is going lower, I don't know; but that's no longer for me anymore, certain lines have been crossed these months and I don't want the risks premiums here.
I really hope that the company performs well.
David deserves it for sure the most, and most of you guys deserve it too. Specially dallo that has a huge skin in the game.
Hopefully, they will change what I think must be changed. Or no, and even though they will do well. Time will tell. Upwards and onwards!
Escapatombe, I still remember the narrative one year ago with Brian's video and Dec Update (60% of $6M was like "for sure"). Then they changed the strategy with litle to no colour to print a -50%+ miss and Raise 25M shares at -35% discount.
Turn off the music and close the door, thanks.
Dallo
Thanks. Good luck to you as well and to all the people here. It was nice chatting with you. I am sure you will make lots of money in the market and with ENET. Keep in touch through Twitter. Best, Sergi.
dallo, hopefully yes.
I said that the last year and I need to be honest with myself.
Maybe I am the last stupid guy selling here and we see 80p very soon. In that case you will have your deserver reward and I will be a looser.