Member Info for skid35

So you take discussions in h2 2024 and 2025 (therefore read we haven't a clue and we'll leave it open) as contracts signed in august.

That not the timing of sales cycles here.

Awaiting contracts from US aerospace ?

One announced last year is on quarterly royalty reporting and is a continuation of an existing deal so nothing there, the recent contract has no immediate up sell for the current year.

Why do all the buffoons always look to an old share price. It's like saying Nvidia is going back to $10 as that's where it was last year.

Donotpanic.

That's the issue, it's not an investment is it.

No nothing new, they've used these loan shark, last resort deals to trash the share price and increase the share count about 800%.

Sharebel reminding me of the father red scene with the cows

Sharebel "it is of no consequence because they will not be selling yet".

I would stop writing if I were you you're making a complete and total fool of yourself.

You need to understand market cap, shares in issue and share price. Basic, basic stuff.

Sharebel.

Fully understand how warrants work,you don't appear to be the sharpest tool though.

As with all of the other Bergen raises it leaves existing shareholder s at unknown massive dilution risk - which is you by the way.

You really can't say you're happy today ?

So warrants exercised with massive, massive dilution. The new book keeper continuing the fantastic book keeping of the last.

Looks like DL and ENET deliberately lied on the use of the funds, where is the contract for the working capital.

New business also needs to be split into the number of years it relates to. £0.5m of orders for one year completely different to £0.5m for three years.

Stating order values is essentially meaningless. It needs to be split into renewals, renewals increases and new business.

In both my ajbell and wife's fidelity

QD,

I'm actually a commercial qualified accountant and have always worked in tech, the last 15 or so in SaaS software managing commercial operations and finance across EMEA for US companies with revenues c quarter bn. Pre retirement going somethign different but related.

Software / SaaS always have a very high gross margin as the cost of sales are low (in this case running servers, tech support etc) as all of the value is in the IP. Operating costs are always high, a good enterprise sales person is usually on a base c £80k / OTC another £80k.

Key is most of these are fixed so CNS are at the turning point where most additional revenue should flow to direct profit. Key indicators are ARR and retention rates - the major problem with CNS RNSs are they dont tell you of the total orders which are renewals and which are net new and accretive.

I do look in a lot of detail into the accounts. Only worries are on governance on the ex CEOs pay who appears to have been paid for the whole of 2023 despite leaving of his own accord and one loan to directors which I really, really dont like. Options are high but in line with the very high averages in SaaS / SW.

Sharebel,

Without a large Tarana order which has a large % element for Q3 delivery I cant see ENET being able to "recycle" the 800k from the last raise for new working capital. Their cash management, from poor income forecasting / lack of pipeline management / customers cancelling orders / total lack of an ounce of business control has been non existent.

The further issue is DL is yet again bending over in his gimp suit with bergen, and has no recourse to other finance.

Share price if and when contracts come in ? With virtually every shareholder looking to make a quick buck to where they bought it (0.7p to 2p) and bergen in the background anyones guess.

Norman,

Its great when you hold on when you're down and it comes back and more.

Thought this might settle in the 15/16 range awaiting further news, the leg up to 19 doesnt seem to be on anything specific. The new CEO was doing a few investor roadshow events stateside, possibly someone in the industry in the know on the Akamei developments - but has just been a steady rise over the last few weeks.

PoC,

1. Absolutely no way a telecom service provider would contract direct with ENET 2. Really interesting to read the Siklu / Ceragon news this morning on E-band, remember Siklu were one of many who had contracts with ENET with great fanfare which lead to ENET being thrown out 3. You have to ask yourself why "no brainer" high ROI products havent sold over 3 years after interest and trials 4. The ENET ROC is appalling, a bit like me going into Sainsburys buying a £50 bottle of champagne and selling it outside for £5, just because youve make a sale doesnt mean I'm Bill Gates.

Still running higher - haven't a clue whether its a bit frothy at the moment or someone working a position in the background?

Worked with virtually every nationality (except chinese) and found Israelis the most arrogant, after a conversation you always had to email and cc up the chain to a non Israeli to spell out boundaries, approvals and delegations and then consequences for non compliance.

Just relooked at the year end balance sheet. I simply cant understand how the 800k is 100% for working capital as they stated in the RNS, with H1 completely devoid of quick turnaround contracts. Even if an element has been used for working capital this really is just a sticking plaster.

Absolutely.

No way would any company I have worked for would contract with ENET, if they had evaluated the tech and thought it was good they would just buy it outright, install a new CEO with a two year earn out for DL - £5/10/20m basically loose change for US tech. So with all the trials / interest over the years in the various RNSs, I really cant see the "game changer", "no brainer" products are that exceptional.

On the recent deal I can only believe the aero company had "set" a design a while ago before ENET f'ed up every other deal leaving them insolvent. The soft/firm ware in this case is a single release and as fully tested is little risk, company will hold escrow and may have IP reversion rights.

No real surprise that DL didnt have the deals lined up to move the share price sufficiently to avoid massive dilution for existing holders.

Bergen yet again in full control yet again ever if there is news forthcoming and potential able to double ++ their money in the right circumstances. Does DL ever, ever, ever learn from the past ?

With his history unfortunately this is the only funding available to ENET, the CFO isnt a magician and this is really the only course of action apart from Directors Loans.

Bought £3k worth below £10 in the last month in two tranches as a buy and long term hold in the SIPP, just thought far too cheap i) with the incremental improvement current management are doing ii) the overall societal market for SN products iii) small divi along the way iv) ability to buy on the dips with a margin of safety.

Although the share rise is welcome really hope companies such as SN prosper on the London Market, make decisions supporting UK PLC and takeover other companies - rather than PE / VC taking them out.

Dartron.

I'm just going to let it run for now as it's been a long term holding, and I can't see anything to really hit the share price as the akamai deal has yet to kick in. With SaaS, a strong retention rate and cash in the bank so no stupid raises they are at an inflection point on profit.

Also potential as a takeover somewhere in the 20s.

Starting positions in getbusy and activeops in the last few weeks, and outside tech in tekmar.