Gross margins, cost cuts, debt repayment25 Nov 2024 00:48
Along with
Gross margin of 97.4% (H1 2023: 57.4%) reflecting an increase of 40 percentage points.
Enet have also had
Β· a reduction in monthly operating expenses from US$660k in June 2023 to US$300k in December 2023.
Β£284k per month
TSP of Β£317k per quarter gone
Come years end they are coming off 12 months where they have saved Β£3.4 mill in running costs, are about to not have to worry about finding Β£317k per quarter for TSP payment and they have margins now of 97.4%
If they keep it alive then I would not be surprised to see this do 10 bags and still have legs.
Alan 5 times current price would have a company value than Β£24 mil. Given that if this DDS works there is a massive market available to gpl. I also believe many players in this market will approach gpl.
One reason why it should be back trading21 Nov 2024 22:34
Β£300,000 by way of a firm placing ("Placing") to an institutional investor of 5,000,000 new ordinary shares at a price of 6 pence per share ("Placing Shares").
It's usually us PIs that get shafted. Can't see them not returning to trading based on the above.