Member Info for skid35

JT.
What’s your position here - are you a current long or short term holder / on your watchlist as a trade or more long term?
Agree with your comments. Outside of ENET we also have the market issue that company’s such as ENET (miss forecasts, need cash, still uncertainty on the outlook) are getting beaten up, there is also a risk premium on the stock as an Israeli company as well.

JT / Owl.
Absolutely.
Short term catalysts
- on target with current contracts (done but no impact on share price)
- cash / working capital understanding, as you say we need results and clarity on a forward view for 23
- fwa additional order and timescale to which it relates
Medium term
- initial uep2025 orders and understanding of the market potential
- follow on Chinese orders, replacing the backlog from income recognised from existing customer. New customers in ftth outside existing ones.
- more visibility on India contracts, what is the factor that will bring these back on track
- something a bit leftfield - ASICS, private 5G, volume royalty deal. The timescale from customer signature to $$$ needs to reduce.
We really do need Bergen out and the warrants issued to get more general confidence and stability around the share price. Unfortunately it’s a catch22 at the moment.
As you say the bullish talk of engagement and advanced negotiations needs to convert to contracts to income asap.

Aqaue.
Would love some of these "could" to change into "have".
SOH and company unfortunately really don't seem "closers" or "exploiters" despite all the bluster.

Dogging, great if slightly worrying naming.
I made a lot in BOOM a couple of years back but have always kept my eye on it and I am thinking of coming back in, the underlying market is still showing strong growth and the director buys keep coming.
100% agree with you on Zak, just a loudmouth buffoon.

Strategic.
In the annual results they need to show they can manage working capital effectively.
They have so much cash tied up in the balance sheet if they can convert it they should have sufficient cash - but history of debtors / inventory write off / write down year after year after doesn't fill me with confidence.
Underneath the corrupt and amateur ceo, bod, senior team is a great company waiting to be managed by a professional team.

Tarana used in the US primarily in rural area where fibre too expensive.
India usage I can see in highly populated areas and therefore a massive multiple of the US opportunity.
If the Indian govn backs this as a social inclusion / education exercise tarana will fly.
I can see India contracts as being the catalyst for an IPO for tarana, listing documents will help us understand forward units and also whether tarana want to provide complimentary products in this market and can act with enet.
Tarana on its own backs the share price, other products currently priced as negative by the market.

Hopefully the LSE board will get more posters. Pugwash and Porridge on the other board have bought the conversation to the lowest levels.

The percentage Simon Thompson bounce has become smaller and smaller each quarter, until now where it is non existant.
The BOD now have nowhere to turn to increase the share price apart from their own performance. Let's see how they do.

You what ?

I pointed out that the opportunity would be better maximised by a different and vaguely competent management team, ceo and bod.

You seem to have taken great offence to this statement of fact with some frankly infantile drivel.

A kmk employee by any chance ?

Deeply disappointing investor meet, just seemed like it was interrupting their coffee break.
Level of detail and insight was kindergarten level, they clearly spent about 2 minutes beforehand on the slides and what the messaging should be. Ex CEO Lionel really did seem like he had pride in the company, these three seemed like they couldn't be a##ed.

Mike.
As usual you point out the fantastic potential for KMK with your notes, which I agree with and why I first bought in.
The second part then is where will KMK be on this opportunity in 2,5 years time through strategic and operational excellence and execution between a 0% to 100% range. Based on what we have seen from KMK from this BOD and the CEO the answer is probably between 0% and 10%, which seems to be the weighting the market has put on KMK as well even with the recent RNSs.
With an average team this would be 25-50% with a corresponding share price 2 -3 x higher, with an all singing / dancing team 50-75% with a share price 5x plus where we are today. The market is simply pricing in the state of the the BOD and CEO.
On top of this we have the continued issues with really basic governance, integrity and dodgy accounts - with non execs just not doing their jobs in holding the management team to account.

Toadhall,
Key stats for me.
1. customer retention
2. ARR / orders / contracted backlog (not specifically mentioned as a KPI) growth
3. look underneath the bonnet on revenue and the move from perpetual / one time model to AAS in the revenue category and point in time / overtime ratios
4. No need for a dilutive cash raise
5. Decent start to the current year

"Convert ALL this follow up into new sales".
I can 100% guarantee it won't, as it never has.

ENET really does need to have an opportunity pipeline which is skewed away from the "brainstorm" stage and nearer at the sign in the dotted line stage, recognising different products will be at different stages.
In the last update we had "advanced" which to me means the opportunity is heavily qualified - the customer has a need, the customer has the budget or through sales opportunity, competition is minimal, the technology has been proven...etc
Time for a few rnss to take ENET back to double digits at the very least, and the year end balance sheet to understand working capital / cash.

As a number of posters have stated we have had these type of MOUs, not contracts before - actually we have also had contracts which turned out not to be contracts with the CFO and board basically making sets of accounts up with a dart board.
Most other companies would have doubled with the news of the last two days, but with Basus and the board past ability to execute even of 1% of what they promise this is effectively discounted to nothing.

Note putting some crazy numbers on today's rns, but way out in the distance over the horizon.
Seems to imply an initial collaboration agreement rather than any immediate commitment to supply, now where have I read that before from KMK ???? So as usual there is little real substance which can be called a firm contract with dollars attached.
Main hope is the "collaboration" is paid for and cash neutral in the short / medium term.

Rns on multi year contract especially now without $ values, been here before with kmk got the t shirt.
Second rns, as usual with kmk the devil is in the detail not the headline, but on the face of it positive.I
As usual with kmk it's about delivery, not talking about delivery.

Aqua.

I've been in a few companies where things aren't going too well so you make up new KPIs to show something positive. A comparison of prior year sales to current year orders really is scraping the barrel, why not sales to sales / orders to orders ?

An interesting read is Bill Browders red notice, how Putin and the oligarchs sold the profitable elements of public companies to themselves at marked down rates. Seemed to have backfired so fire, apart from the ridiculous additonal share options to SOH.

LOL.
The problem with SOH is he gives a view of a future cash flows, but these never materialise.
The current share price is a very specific assessment on he business ability of SOH.
The most interesting investment trust in the bio / pharma area is ARIX(as well as rtw) , at the current price probably valued less than cash with a portfolio of listed and unlisted assets chucked in for free.

.....and the chair Sharma has lost more than half his money. Any decent chair would have basu back in a backroom lab and a professional CEO installed by now, there are plenty of good CEOs around with a technical science background, but with a vague understanding of finance, legal, marketing and sales - and the ability to recruit key people.

Tried this earlier today, it's like they have deliberately set the website up so you can't find out any information on any trust.

I for one cannot understand his consistent support of KMK and in particular the CEO Basu, who he clearly has a regular call with providing information not in the public domain. He has been fed such a load of rubbish from Basu surely he goes back to his notes from 6 /12/18/24/30/36/42/48 months ago and asks him why what he said would happen havent happened ?
ST I believe is a qualified accountant, but he clearly doesnt read the accounts which were, under the old CFO, basically made up.

When you have complete buffoons in IC buying off the back of what he says, of course it looks like he gets it right.