Member Info for skid35

Ark, based on the graph waited for the bounce which happened 6, 12, 18, 24, 30 etc months ago as the IC crew moved in, with the gradual fall on non delivery. Now virtually breakeven, hold or fold??? Hmmm

Aqc.
In one call the CEO states they were just starting looking at the commercials and channels.
One element they should look at for company valuation is the upfront / on going revenue, trying to the in the sale with contracted three year support deals even if this is with the incentive of a lower initial purchase price. This is where the margin and cash is.
This does depend on the stability and strength of the overall business and balance sheet, hence why the cash impact on the AROC provisions if they get these sorted become important.

Uhlf.
I think this is all getting a bit frantic. We had a good update virtually exactly a month ago, but are still waiting for an RNS on one deal which should hopefully appear and we can all relax a bit for the summer with i) a bigger buffer ii) knowledge that the probability of further prices moves are in our favour.
I do worry about a further cash raise, which I feel would be for working capital rather than R&D / fixed assets - primarily as I would have to liquidate other stocks I have and are comfortable with.
On 5G, I recognise the funding was an act of desperation but recognise Mark did a decent job getting this out. Still unhappy not knowing with the faceless PO box and potential knowledge they had at the time as it could have gone t###s up for them.

Recognise we both are looking for the same info and assurance, hopefully we can both crack open a virtual beer in the very near future, preferably this week !

You're of course correct on float price. I would never invest in any AIM company at float and certainly not enet at that price with an unproven market and position in that market, especially compared to where we are. Was looking at brandshield, another Israeli company, as a possible investment but have held off waiting for the froth to wear off which it has to some extent.

Judging when you joined the board I would expect you are at a profit of somewhere between 50- 100% even at a 40p price, so a pretty decent return on this timescale with minimal downside.
I am hoping enet bod know what's in front of them in the next 6 months and are focusing 100% on this to the exclusion of all else. A couple of items of news will take this into 50-70 territory.
Anyway, as always time will tell, hoping for an RNS so this board focus changes and we are looking to understanding the market and product potential of the RNS.

You must remember the history of failure of many AIM stocks built in as a risk factor in the shares. A lot of AIM companies promising the earth, excessive board pay and options lead by CEOs with all of the ability, charisma and integrity of a small town estate agent - and zero delivery. Outside this small band this share has minimal support and I cannot remember a single write up in an investment newspaper or publication, even when this is for "5g winners".
Tarana changed the risk on ENET, both the deal itself and the validation of the tech leadership and the business case from a customer perspective, for one product in their portfolio.
I think news will come when it comes but it has to be h2, frustrating as this might be as it would be good to get the margin of safety from buy price to a decent level. In the longer term a good investor relations strategy will be good, at the moment I don't believe it will impact share price as the market will look for p&l delivery rather than strategic promise.
I'm back in the market on monday.

Phil, yes absolutely.
At the moment this just looks dead in the water in its current form.

Phil,
Underneath this is you are diluting your shareholding in audioboom, effectively swapping it for unproven pre revenue businesses in the aaa stable - with aaa shareholders effectively doing the opposite.
The aquua business as an example is just completely unproven.

H1 we effectively had just two meaty rns (Tarana and acenic to server manufacturers) together with the expected order embedded in an update, so 3 real pieces of business news.
I am looking for about 4-6 meaty rns for H2 which are order related.

01234 meant to say "us pasty brits" me included!

A lot to take in but I think I'm with you Spin, not too sure on the immediate short / medium share price impact.
Grain is clearly a good business brain, both where he made his money initially and then in beverages. The underlying business is strong and the loan is not an obligation to convert.

Tracy.

Where multiple deals are announced in the same rns and signed on different days there can only be one that is material.
They would have to announce they have signed the deal they alluded to, no two ways about it. To me they clearly haven't signed the deal, but really surprised if is taking so long after they stated the price to the nearest $10k. Also agree they would have to state if they have lost the deal.

A lot of nervousness today and this week - seems like to Sun has got to pasty brits, apart from tracys mate taking a profit nothing has changed.and I have added.
As dallo says this is priced below IP. 100% agree with fairview, show me another stock like enet, there simply isn't one.

I used to be a little nervous on ENET but tarana was a game changer in backing up the share cap. Having said that h2 is the time for rnss, even if as I believe the market still mis prices the potential.

Hope dallo will be well enough to partake in a drop of the black stuff soon.

Schreiber.
Much rather we have companies valued on past performance, future opportunity not nutcase valuations based on tiktok recommendations from teenagers.
A comparison between AMD and ARM is just not valid.

Under AIM rules, if each item of news is of sufficient impact, you cannot wait and bundle them.

We did have an update on the middle of last month, admittedly not followed by the RNS we are all waiting for.
Volume is still low and seemingly with a small number of traders off loading this will naturally force the price down with no news.
The nature of ENET will mean few RNSs, but hopefully the ones we do get will be big.
Just sitting tight, market cap more than covered by tarana and base ip.

Even though I'm not one expecting major movements this year, must say I am really surprised we are down at these levels as I thought it would hold mid forties without news.
As always with enet patience is required, topped up earlier this week from divs elsewhere so unfortunately no spare cash for a dabble, even if this was a short term trade on an awaited rns.

The market clearly took the offer as a complete joke, especially the share element in an untraded share in a company that just appears to be a pseudo spac.
I do worry about the influence of minority shareholders attempting to manage a company against the interests of the majority of holders.

Roley, and my eye on sure and piri for sometime, what is best in terms of share price vs nav?

Cheers aqua, definitely next week latest then. Hopefully interesting reading, with a good amount of detail.

Hi aqua, where did you find next week. Just want to make sure I'm not missing a source of info. Cheers

Dallo, I think you would be surprised how unsophisticated these actually are, they are not the clean rooms and coveralls you see in a chip factory. In your gorgeous and friendly country I have been to three production sites for three of the largest hardware companies in the world.
The sophistication comes in product design to make it easy to make and control quality, as well as the logistics around component supply to keep working capital low.

One of the good points on having sergi as a poster was to follow his thread to look at the silicom balance sheet where I was very surprised at the level of working capital they had for a company the size ENET should aspire to in the medium term.

Agree, even with a subcontract there would be substantial upfront tooling and set up costs, but I would hope that high margin design wins / govn grants or favourable access to loan on good terms might mean ENET can survive without a further share issue - but then I look at silicom. I hope so as it is difficult to add when your ISA is basically made up of ENET having sold virtually everything else.
Atb.