Member Info for uhlf

One of the weirdest things I’ve ever come across on a BB, and there’s been lost to choose from.
An ongoing commentary on the postings of a completely separate BB, most of which are uncomplimentary to said BB.
Why bother? Downright weird.

Yawn
Nice post that completely avoided the question!
Presumably you followed your own advice and are now out, well done at least for that.

Beats me , eth, why you avidly read advfn and give us a running commentary here, if you despise that forum so much. Why not just give us your own thoughts and views for a change?
FYI I post on advfn but never subscribed to the various theories around 5GIF.
It was clearly set up to make money, there’s plenty of these sort of operations around.

Listened to the interview a few times

https://www.proactiveinvestors.co.uk/companies/news/988290/ethernity-networks-highlights-three-main-growth-engines-covered-by-existing-contracts-988290.html

here's my synopsis:

They are focused on generating revenues from current resources

Can't control the sp, subject to outside forces

Wirelss bonding , delivering on two contracts, delivering complete systems, going up the value chain in terms of revenues. This year and next year, much larger volumes compared to the IP/FPGA business.

PON, going into mass production,great progress, this year, start to ship the first platform, next year the second platform. There are other customers in the pipe(line)planning to sign on to get the same products, also the case with wirless bonding product. Either a device or complete systems, much much more revenues to the company (compared to old business model)

FPGA router on NIC, Private 5G is where the market is at. Innovative solution required by the big operators. get two for one, only provider to provide router on a NIC.

All three solutions are better than others in the market. We are a semi conductor company with unique technology to the markets, gaining traction and contracts and this will drive the revenues in the coming years.

That's my version, please dyor!

BodRuncie
Not poor comms, these type of releases are a standard format stating the position. they never say if its a purchase or a sale. Anyway, at 50,000 difference, its neither here nor there.

No, it’s a reduction by 50,000 from their previous position.

Must be deeply satisfying to have been proven correct.
Assume you sold out at much higher levels and can now add at today’s prices.
We all wish we could have done the same.

bid
re difficult for small vendors to get a slice
My understanding is our route to the market is through OEM's and Integrators, we are not trying to sell direct , but part of a much larger solution hence I don't think your comment applies to ENET?
That's my take fwiw.

We need a lot more than a few bob from Tarana to make any headway.
2025 next month, perhaps that will bring home the bacon.

thanks for the investment advice...
re 'Realise that every share on AIM will spin a story about how juicy prospects are'
Good to know that ENET are the exception in this case.

All playing out as per my agm notes.
Here’s a reminder

ENET Agm

Not the easiest thing to follow with bad sound, and me microphone wasn’t working to start with!
Formal business rattled through very quickly.
Just myself and one other investor(dpl) virtually there.
Tarana, now ordering for 2023. Long lead times due to component issues. So seems unlikely will get further orders for this year due to the lead time.
Re 50% of OEM’s signed up. Said not hidden any relationships. Tarana 9 years. The $400k contract is another one. If 8 OEM’s at an event, only need to get 4 signed up to have 50%.
Talked several times about the contracts they had won last year and how this was leading to follow on contracts.
Asked about transition to mass production. DL talked about how they are going from supplying a FPGA chip, where the typical cost is $200 to $800 to supplying systems. Gave the example of $1m order for $1,000 systems as example of moving up the food chain.
The system will be the FPGA, plus another, for example, 500 components plus software on top. That all requires more R&D.
Sounded like the UEP 2025 system was all on track, basically they take the same board from another UEP product and customise that to sell it into other industries. They’ve got customers (at least three, I think) waiting for this product.
DL talked about the forwards position, in response to me asking about no new contracts since October. It was a good summary. They’ve got a lot of things going along at the same time, eg PON Chinese, UEP products. A lot of interest in DU, didn’t catch the exact phrase but I think we can expect orders from this direction in the not too distant future,imo. DL is looking or hoping to exceed the numbers indicated in the broker forecast, which basically only includes signed contracts, no allowance for further deals/contracts.
DL is confident, demonstrated that with recent market purchase of shares.
I expressed concern that low market cap could lead to opportunistic bid. MR/DL adamant that that won’t happen, that it won’t get sold on the cheap. DL of the view that any serious demand for the shares could rapidly push the shares north. Theoretical example, if someone wanted millions of shares price would got to over £1. The 65p brokers target was mentioned as indicative that the current sp has no real bearing on the true worth of the company.
Please don’t scrutinise every word, it was hard to catch it all, combo technical difficulties and sometimes poor sound.
Overall I would say they seem confident going forwards and I expect the sp to finish the year much higher than where we are now.

Eyes of blue
It has a number and a reasonably sizeable one at that
‘…announces an update on the delivery of its contract with an international wireless connectivity vendor for the supply of the Company's UEP module, details of which were announced on 30 July 2021 (the "Contract").

The July 2021 contract was for $930k.

Nothing so sad as hanging around after you’ve sold, like a stale fart and just as welcome.

Too right Quantas.
C’mon Escapetohome, your quick to run others down such as the advfn board.
Instead of have others spoon feed you ‘research’ that matches up to your exacting standards, why not goybs and do some yourself and share it on here?
How do you like that for an idea?
Sounds better than your Marvin the robot impression.
Myself, I’m content the guys know what they are doing and I will wait for further news as and when.

Going very nicely today, must be something driving this move, new contracts coming?

Good move up in recent weeks against a back drop of difficult markets.
Augers well. Further contracts to come?

5G don’t ‘issue shares’ , only ENET can do that.
5G convert their subscription monies into shares which are then issued by ENET.
5G then sell their shares into the market at a time of their choosing and within certain parameters according to the agreement with ENET.
That’s how it works.

Fairview
You just have to take the bits of posters posts that sometimes may be useful. Never ever rely on a BB poster for info re timing of contracts etc as you will come unstuck.
These boards and posts can be useful for trying to increase ones understanding of a company. But, as Dallo and others including myself often say, always dyor. It really is vital. You and you alone are responsible for your investment decisions. It’s a minefield out there. You have folks who deliberately post misleading info and you also have companies that are less than straight. I’m definitely NOT saying any of that applies to ENET.
The board here is,on the whole, a useful one with many sincere posters. And ENET is a small company maki g headway in a massive industry, having had to face recently unrest in Israel, CV19, component shortages, cash restrained. It can’t have been easy. Having said that they clearly need to up their game on IR and MR hiding away isn’t doing anyone any favours.

I agree with the posters here, it’s clearly the three days before notification re the excess bit, which just reads like incomprehensible garbage. Not unusual for ENET , I’m afraid.
The suggestion that MR should spend limited time on his IR duties , at first glance, looks reasonable. But if the rest of his time is sorting out financial deals like 5G , then I’d wish he didn’t bother. It’s a terrible deal.
Any you can’t pick and choose when to do IR. Either do the job totally and to the best of your abilities or pass the baton on.
The company has signed up to the Quoted Company Alliance (QCA) code, as detailed on the ENET web site.
The following is on the ENET web site, taken from that code:
‘The Company encourages two-way communication with both its institutional and private investors and responds quickly to all queries received’

Worth reading the code in its entirety. Clearly they are falling down on the above aspect. All investors should be replied to, even if it’s a ‘I can comment’ reply. You can’t just hide away when the going gets tough, that is very poor form indeed.

MR has a big fat zero number of shares.
But DL/SB, the founders, have c 20% between them.
In addition those two have invested over £450k over the last two years in the company’s shares, either buying in the market or via placings. Impressive support.