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Aye, subtle hints everywhere - BK couldn't get any more explicit without breaching market abuse rules!
"Winter is past us, and spring has sprung. Spring is not full-blown summer yet.
We are working hard to bring the best FPGA-based networking solutions to market. We are convinced that hard work will pay off."
Anyone with a functional non-short-circuited chip in their head should be able to read between those lines!
:-)
@kitlow - depends on the kid! My babies (11, 9 & 7) would probably be silently angry with me for not telling them first but would probably show deference and hope "dad knows best!"...
Good dad for teaching his kid to invest in equities... Even better dad if it is diversified and not all in one pot! Terrible dad if he hasn't got the patience or presumes/suggests it is completely risk-free!
Not sure what I have done to deserve great kindness from IG and the MMs who insist I either pay full price or add a premium on the offer for buying just a little above NMS! Never mind - makes next to no difference in the long run...
"De risked. $10-15M of funding over the next 12m"
I think the unit price is more in the hundreds of $$ than the thousands people are suggesting. The product here is the ENET Flow Processor (possibly with add-ons) etched onto low cost FPGA; not the ACE-NIC100... I would be grateful for a link or source if anyone has one. Yeah, I would prefer to be wrong!
That said, being primarily a software solution the margins are extremely high especially when sold in high volume, and it does look very likely that this has a massive future potential.
https://ethernitynet.com/products/enet-flow-processors/
Looks like the tip of an iceberg opportunity for ENET. Tarana has global ambitions for their technology.
https://www.taranawireless.com/intro.html
Chinese telecom carriers are expected to build over 1 million new 5G base stations in 2021
https://www.rcrwireless.com/20210329/5g/comparing-5g-progress-in-the-us-and-china
Rare day when the number of trades is higher than number of chat posts so far! A sunny day in England (at least in London) - perhaps folks are out enjoying the weather for a change!!
Interesting statistics from the 3 Chinese T1 telcos who have already spent some 173 billion yuan ($26.5b) on 5G and earmarked another 183 billion yuan ($28.8b) spend for 2021. It would be great to hear how they are getting on with their trials of ENET products.
Obviously 2021 is by no means the end of the road. Published data suggests that a sizeable number of operators plan to commence smartNIC deployments more than 12 months away. More than half surveyed expect to start deploying smartNICs within 1 to 4+ years.
"I think Tracy's view three weeks ago that there would certainly be imminent RNSs which have yet to come may have spooked a few people when this haven't arrived on queue."
Seems a bit harsh, extreme even, linking a fellow posters comments regarding timing of updates to "spooked" sellers who may or may not even read this BB! Somehow I imagine today would have happened just the same regardless of anyone's commentary.
"lower grade lithium" - this is simply the lithium content in the ore. It implies you need to process more ore to extract a set quantity of lithium compared to "higher grade" ore. There is no impact on demand/sell-ability once processed into lithium carbonate.
Time will tell just how many physical stores manage to reopen and survive into the future. Evidence appears clear that online retail has dealt a fatal blow to store estates e.g. https://www.bbc.co.uk/news/business-56407155
FYI MiniMildred: for 24 months from Feb-2019 Channel 4 adverts were paid with shares @ 10p/share.
Thanks for sharing . Quite an upbeat performance from Mr Cornelius! Hopefully not much longer to go for the remainder of the funding and start of construction.
Lincoln - if you see this can you kindly upload the updated PDF to the website? There's a couple of new pages and refreshed pages in there that I think we all would be keen to read. Thanks!
Kindly shared by Rivaldo on ADVFN - many thanks
https://vimeo.com/521830235
Genius1471:
- as D-Geeman said finnCap is paid by EVE to write these notes
- finnCap analysts have better access to the business to the extent permitted by market regulations
- EVE investor relations often redirect investors to finnCap's research
As far as EVE is concerned finnCap's note represents "market expectation". EVE obviously outperformed expectation in FY20 so it is possible they will do so again.
Usernamebut1, D-Geeman: "thumbs up emoji"
Terrible copy and paste job from a PDF doc! Attempted again below, hopefully cleaner this time.
finnCap include their FY21 projections in the note - take it with a pinch of salt, take it with butter, take it however you like!
--------------
Positive trading update
The group has issued another positive trading update confirming full-year revenue 25% ahead of our original projection made in March and a LBITDA 39% lower than originally forecast and 81% lower than the previous year. We anticipate further revenue growth in 2021 but also an increase in LBITDA as management invests further in a number of growth initiatives. We expect the 2022 financial year to reflect the benefit of the strategic investment programme as the business progresses towards breakeven.
https://www.finncap.com/research-portal?#/portal/finncap
21-Jan-2021 - Morning note following the latest trading update. Summary reproduced below.
https://www.finncap.com/research-portal?#/portal/finncap
Positive trading update
The group has issued another positive trading update confirming full-year revenue 25% ahead of our original projection
made in March and a LBITDA 39% lower than originally forecast and 81% lower than the previous year. We anticipate
further revenue growth in 2021 but also an increase in LBITDA as management invests further in a number of growth
initiatives. We expect the 2022 financial year to reflect the benefit of the strategic investment programme as the business
progresses towards breakeven.
gshivers - I can't really answer either question but bearing in mind that ATM used the same wording before and after concluding the tantalum offtake agreement I speculate they are using a "standard" turn of phrase.
I also speculate that the offtake partner AfriMet conducted some due diligence prior to signing the agreement and must be happy with progress so far.
It would be unexpected and astounding if they come back to the market and say "sorry guys, computer says no!"
IMO, it's best to stick with the company's guidance and broker notes. Whenever the company talks about "market expectations" they are referring to the broker notes. Don't expect much deviation from the FY trading update - people suggesting that FY results will be significantly better than expected are simply conjuring the results they want.
At the moment the best way to value the company is to use a sales multiple since they are running an EBITDA and operating loss. Find the industry multiple or a similar peer sales multiple and apply it arrive at a theoretical valuation.
AIMO, DYOR!