Member Info for skid35

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.

Mcadder.

Would really welcome your view on my post yesterday at 13.26 - any thoughts ?

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.

Probably structured that they couldnt dump, but as the s247 rns clearly found a willing buyer at this price.

Their net cash holding must be worth more than their market cap by now ?

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?

Mickey.

Just amazing.

You are investing here thinking the market cap is 1.3m ?

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.

Stl.

Nbpe in a lot of buy lists of ITs at the start of the year e.g. Steifel.

Go on trust net or city wire investment trust insider and search, a good few articles on nbpe.

Its weird.

Its reacted as if they have sold the IP rights in Saudi with zero ongoing royalties.

Apart from seeming to be a good deal you then have to ask what do they need the money for and could a discounted raise provided a better solution. I think the second one is out the door, it would have to be so discounted in this market as to double the share count.

I really hope they have been given a "pre contract nod / wink" somewhere and hint that they will need a bit of working capital to support whats hopefully coming, we live in hope.

I really find it difficult to understand what exactly you are impressed with in this interview.

For starters its a paid for puff piece with scripted questions about as easy as Laura K to a Tory MP, there is absolutely no substance to it.

Please enlighten me.

Rooney.

First and foremost all uk small caps are completely beaten up, even those hitting their numbers / decent balance sheet.

Does seem a massive strategic bet on pfas in the US. Hope they have something up their sleeve.

I have 20k shares here, might top up.

You need to judge DL on what he has promised in the past and delivery against this. When you’ve done this you then need to ask why should I believe a word he says or what now changed.

1. No they haven’t revived the business

2. Yep, remember the updates and rnss that they would be cash flow positive two years ago.

3. Highlights three areas which they would like to operate in but aren’t where other suppliers are creaming it in.

4. Ramp up and monetise the business, go on then just ####### do it as you’ve been saying for 4 years.

5. Yep, heard that one from DL but money is spent on R&D creating “no brainer” products no one actually wants.

6. Yep, heard that as well.

Best the look at the half year rns with $9m revenue forecast, a few months later 3.6-3.8m. DL simply has no credibility.

With the current share cap of £13m and £6m due we have a value of £7m for the business.