Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Digicomm is a distributor rather than a value added reseller / channel partner, and selling to resellers / partners rather than direct to end users. They work off very slim margins / high volume and do not really develop the business.
What it hopefully does show is that Tarana doesnt want the hassle of distribution (warehousing, logistics etc) with a large ramp in business - much better to outsource and focus on core activities.
Hull.
- The RNS of the 29th '23 is not Tarana as it is a royalty rather than supply hence the expectation they must be through the $1.5m from midyear for another order, but there is another Tarana order much earlier which was not RNSd but in an update.
- The distribution partnership is not important as it just widens the channel options not the end user demand.
- So many variables around the value of Tarana in 24/25 which we do not know about eg volume pricing / discounts, new software at a higher price for G6, stock and spares levels etc.
Quite an unusual options arrangement in the way its structured.
Firstly the Chairman really should hang his head in shame at accepting any options, when private investors have to step in as chairman to run the AGM as he seemed away with the fairies, and to have signed off the bergen deal without understanding it at the time and at the AGM is shameful.
The 3 year / 12 segments / 1.5p strike price just seem like retention bonuses dripped into salary on a quarterly basis - nothing more / nothing less. I havent seen a similar very short term focused deal. Would much rather a split with at least half exercised at three years on a much higher strike price of 3-5p.
Mickey.
Recent appointments completely irrelevant.
1. Cfo appointment because no one with a decent career would take this role. Remember with under $2m revenue they had a cfo and promoted a bookkeeper fd to a vp finance.bookkeeper
2. on the vp bus dev, DL runs the tarana relationship which is what counts in the very near term. On existing pipeline will take at least 3 - 6 months to get his feet under the table, new pipeline at least a 12-24 month time to close from opportunity initiation.
Coco / Mickey / Aim.
So none of you have any understanding of my post 27th Feb 13:26 and the transformational impact on ENETs very short term financial position and completely underpinning ENETs share price at a much higher level for 2024 (irrespective of short term traders I believe).
As its always been with ENET we just need the RNS(S), hopefully the trade shows where ENETs customers and potential customers are will be it in the next two weeks announcing new kit.
Basil, the rise to 4.5 was frankly ridiculous driven by speculation, greed and stupidity with people really not understanding ENET (clearly most here still havent to foggiest) - remember this was when posters were saying no dilution and not owing bergen a penny before capitulating on the dilution.
A market cap of around 4-5m is about right with an assumption of Tarana income being c $4-5m this year,
Thought I might have a response on dropping the second point yesterday, but despite the "I've done my research" no one has crunched the numbers or appears to understand.
To date ENET has sold $4.64m of SoCs to Tarana (some room for error as with one order they didnt split out the development from the SoC on the $340k order). With what we know about margins it is safe to assume that a minimum of $3m relates to the value of soft/firmware vs c $1.5 hardware.
From the Tarana notifications the move to 6 ghz is purely a software update down the wires with no board switch outs etc, in tech its always best to have one release across the estate for support management so hopefully this is not done piecemeal but as an across the board release.
The question is then the % pricing of the upgrade vs the embedded $3m value, is it merely incremental and a bit of a software "patch" and priced as such nearer $0m, or more of a rewrite "rip and replace" near the $3m ?
Mickey.
This really does have to be put into context.
Run rate operating costs of $3.6m with includes admin and overhead vs pure R&D at Cisco at $7.5bn.
Its about finding a repeatable small niche with a large IP moat.
Bean - as partners are named I expect that there are confidentiality cause preventing absolute £ being stated. The % measure as you state is deliberately and contractually necessarily ambiguous.
Overall a positive update i) does appear they are getting traction and ramping ii) although an old codger myself does appear that their marketing is now more relevant using social media channels iii) Sweet a complete game changer - any concrete news will have this 3-4x.
Two financial impacts for ENET here.
- the first is the obvious one of Tarana selling new quantities of kit with ENET product.
- More importantly for ENET financial stability and not understood at all here is the software update / retrofit of the already existing G1 estate. 100% margin, hopefully a contract allowing a prepayment to cover the whole of the existing estate.
ENETs technical areas of investor relations arent great if you are not a deep techie.
Worth having a look at Ensilicas investor relations, enables a better understanding but with the different vertical end user market.
1. Whilst statistically correct the 21x doesn't give the full, correct picture which investors should focus on.
2. All numbers are $ not £, surprised that the Israeli shekel has held up. the monthly opex reduced to not by.
3. Hardly advanced financial management that you are forced to get costs down, must say I don't understand what the current techies are productively doing / Playing with.
4. Disappointed we haven't seen a tarana order but more importantly the full year forecast to see how much the margin covers monthly opex. Although it shouldn't the price will rise out of relief, or just that there is no logic to the market with Bitcoin type traders / investors.
5. Other contracts or visibility on the Chinese contracts is the factor that will move the share price. DL does not have a great track record of understanding customers intentions so any foolishness here needs ignoring.
Well it's 100% wrong (as are director trades), it's 100% out of the realms of possibility by 3x.
Why don't you believe I should correct your post, which has been corrected when other poster have stated the lse mc?
Sharebel,
You asked the question, I answered.
Post after post here with zero basic understanding of products and markets, zero factual backing or even an explanation of weighted assumptions.
Research then - can you explain the progress on technology, enlighten me.
The problem is they exited last year with no contract backlog for revenue in 24, two months in and no orders and backlog.
You are assuming a lot that 4p was the correct value for the share.
Can you explain the progress on technology.