Seems absurd that c £20MW has been put into ENET yet we’re only valued a little over that cash input. Look at the products/solutions that ENET have developed over the last few years, that money has been spent well, imo. To be sitting at a valuation a little over cash input is bonkers. Should be more like 5 times that level. I’m sure we are close to a re rate and a sustained move up. imo, please dyor GLA
Just caught up with this, brilliant news. Thanks to all the great posters on this BB, what an informed an more than useful board. We look set fair, risk now here looks very low, imo, reward is mind boggling. It’s in massive buy territory. I’ve added recently and could well do so again.
Yes, some chunky monkey buying from the advfn guys. Long may it continue! Bit of news and we will attract further new buyers, sp firmly in ‘ridiculous’ territory, thanks , in part, to 5G IF. It will change.
Re 5G IF We don’t know how many shares they have left, intend to hold or pass on. All we can say is on 26th May , when the last 1m+ were issued, they must have had sub 5%. That equates to 2.75m shares. In the 3.5 months since then they may well have transferred, sold or kept those. It looks very likely they’ve sold 1m-2m, although I’m not really keeping count. If they apply for further shares to be allotted then we will know they’ve most likely chewed their way through the last batches. They still have £1.14m worth to be allotted, at, say, 40p, that’s another 2.5m+ heading their way. In addition there is a further £750k that they can subscribe for. So bottom line is we’re unlikely to have seen the last of 5G IF. Some volume news events may well speed up the process, or perhaps they will transfer some of their shares. This, imo, has been an expensive form of funding, as ever with due respect to needed at the time as the boys had their backs to the wall having chewed through £14m since flotation and leaving it till the last minute to raise further funds. Will breathe a sigh of relief when this mysterious ‘benefactor’ is finally history.
If only we knew what 5G IF game is. It ain’t about holding onto all the shares although, as dallo has already pointed out, if they aim to get shot of all of them then they will be double tapping for ever. Still think a decent chunk have found a home via off market transaction. Forget how many millions of shares 5G are still owed. That depends on the sp under the formula, but it’s a lot, millions more. And then there is still another £750k to come and be converted on top of that. This financing sure comes at a cost in tens of dilution and drag on the sp. As ever, with a nod to the fact that, at the time, we needed them.
Agree, stupid to sell now, but I guess everyone has their reasons, need the cash, price back to their ‘break even’, low boredom threshold, don’t properly understand the company, chasing the next big thing etc etc. Still, the sellers all help make a market.
First bit Ethernity Networks Releases New 5G Routing Device
Source: PR Newswire (US) LOD, Israel, Aug. 31, 2021 /PRNewswire/ -- Ethernity Networks (AIM: ENET.L), a leading supplier of data processing offload solutions on programmable hardware for accelerating telco/cloud networks, today announced it has released the programmable UEP-60 Universal Edge Platform 5G router, positioned as an optimal wireless backhaul Indoor/Outdoor Unit. It offers up to 60Gbps of networking capacity and virtually unlimited flexibility in protocol and port configurations.
UEP-60 is targeted for network edge infrastructure solutions. It is uniquely designed for 5G networks as a wireless backhaul indoor/outdoor unit with integrated Layer-1 bonding, fronthaul gateway, small cell aggregation, or cell site gateway.