focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Sgd, you're well ahead of them.
Interesting seeing a few "experts" have RTW as their investment trust pick for 2024.
As usual this morning no facts.
As I've said in the past this could be 5p or 0p, even if this is based on fundamentals rather than the crowds of 18 year old Tiktokers in their bedrooms we have here buying and selling.
Yet no one is prepared to state what these catalysts are and the potential impact.
Let's take two which have most short term potential.
1. ENET comes out of the TSP and we understand the cash position after creditors have been settled of say £500k - £1m.
2. ENET receives an order for tarana $2m for 6 months supply.
As expected no facts.
One of the most respected operators in the sector? with $ bns in thousands of specialist funds, private equity, Tech companies and their venture funds etc it's amazing none will put even £10k into ENET when they have run the sliderule over them.
Rob,
Please tell me which fact is incorrect ?
He is not one of the most respected operators in the sector hence the position ENET find themselves in - what a pile of rubbish.
I await with baited breath for those deals.
These might be the ones he told the group of shareholders about with Cisco and Juniper, but told us "in confidence that this doesn't go outside the room" (an interesting conversation could be had with the FCA) with the CFO nodding in the background. Zero integrity.
The group of PIs that met with DL/MR both in person in London and over zoom held over 10% when the market cap was x times where it is today.
None are now holders, all realising DL simply in a bit of a deluded bubble about his baby and without a network around him of people with commercial acumen to align to tech knowledge.
Fred.
I'm afraid facts or posters knowledge / qualifications / real world knowledge (or risk weighted forecasts based on market / tech / company both and and down) really don't count on this board dominated by a few still wet (or drowning) behind the ears commercially / business wise.
Unless you are an ENET employee (or at a potential customer about to contract) this remains a speculative punt, could go to nothing / could go to 5p.
Over riding issue is DL is a decent techie but not a great business man, unfortunately he hasnt received good counsel in the past (from the CFO/Chair) and I havent seen this being resolved.
Volmer / Brondby.
A really interesting one. Clearly would have been good to have more clarity legally to close the risk down but I can see the counterparties not wanting to spend hard cash on expensive IP lawyers as they dont need to engage unless Acuity provide some consideration.
Firstly Acuity did not give the right to IP, it was retained. Reading between the lines the software seems to have originally been developed in an era when there was a lot on "in house" developments using some third party support - hence the two counterparties and a lack of clarity of background / foreground IP.
There is really no fault from corporate legal / existing acuity management here, just some slightly messy history. The key element is no royalties seem to be passing between Acuity and the counterparties for ongoing contracts, and Acuity has full use to develop the IP further.
The risks are either
i) end users can obtain the open source software full of bugs and not pay Acuity. I can say this is not a risk, any company buying risk management software wants supported software and doesnt download free, potentially corrupted and cyber insecure, software into their network. Open source software tends to be in the academic world and is not used in large enterprises / government bodies, what is used tends not to be "enterprise" application specific software and is very simplistic.
ii) competitors somehow utilise this software. Again I really cant see this happening, compiling / decompiling / reverse engineering is a pain in the **** - more costly and time consuming than starting from a blank sheet of paper
Software is also pretty useless on its own, you need the consultants, pre sales engineers, sales to really understand the customer requirement and make it work - the overall service wrap is the key selling point.
One final point is that most software contracts usually has a clause which idemnifies the customer from third party claims, so a customer is secure that the supplier is on the line should a third party dispute the IP in use.
In summary I cant see either counterparty doing anything as its simply not in their financial interest to do so.
Coco.
I have just asked for some very simple questions, lets take the 10p and 40p share price, which gives a market cap of c £35m and £140m.
What are your assumptions for 1. revenue, gross and net margin for 2024 2. what proportion of it is Tarana. If not what is the catalyst in terms of orders.
Stephen, no they wont.
1. They are not a short / medium / long term investors, it is a quick in / out with a few points of margin irrespective of whether the current holding are effectively "in the money / free".
2. They simply dont trust DL as a business man with commercial acumen, or has someone who plays a straight bat
3. Overall Bergen as an entity are in wind down.
Iron.
The standard of business and personal finance ‘journalism’ in the times is kindergarten level. Just seems like summer interns.
There is a real story here on how the London market values companies, choosing kmk and basu as poster boys so far off the mark.
Just read this and the attempt at PR knocked by all the comments on his perforrmance.
Basu seems to have been schooled by Bozos Johnson in delusion, self pity and complete lack of self awareness.
Has he been taking lessons from p###o price Andrew or mone?
ENET have one, yes just one, contact of value - with products developed post IPO that no company wants to touch.
10p gives a valuation of about £40m, let alone the other stupid numbers you've put out.
Please provide details of what revenue, margin, eps (forward not actual) on which you base this on.
Cheers Fred,
Empty space is non productive and a fixed cost for years into the futiure, i 've made the assumption staff are productive! I can't see Israeli real estate being in high demand. They should employ a top notch sales director for this saving, Levi is a terrible communicator and doesn't plan what he's going to say to structure, state and reinforce points.
I have written to the Chair a few times in the last 24 months and asked why he wasn't done his job as he has a decent cv, but a complete waste of space. They also don't need a CFO, the book keeper they have is sufficient. He's actually paid 100% in shares so could have had 10% of the company of he timed it well.