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Probably be better all round if someone took them out.
They’ve had long enough and enough shareholders funds.
It would help if they actually levelled with us shareholders, many of us have helped fund the company. But no, we get close to nothing. They’ve not even updated us to say if they met the 2021 forecast they put out just before Xmas.
And results are usually in June, wtf is that about? Almost 6 months after the year end ffs! Can’t take too long to add the sales up.
No forecasts, no timely info on past performance, always wanting more cash even after they say they are fine, products/orders that never seem to amount to anything.
I’m not sure what they think they are playing at.
If someone came in with a bid at a reasonable premium to today’s sp I would take it.
Dallo
To have a bash at your question re
If Levi and Co are confident of transformational growth why did they give 5G a possible further 8.4%
The problem is the transformational growth is further away than they would like. Revenues this half will still be a pittance. They are at the mercy of others, hence their inability to forecast their way out of a paper bag. To be in a position to fulfill the ‘transformational’ orders they’ve had to vastly increase the head count for product optimisation, product tweaking/ bespoke solutions etc. This is all up front costs that need paying now. As usual they don’t give it to us straight, it’s dressed up as accelerating to mass production or something like that. Bit like the autumn fundraiser was dressed up as something when it was to buy components.
As GtG suggests, ofcourse they know full well who 5G are, they talk with them enough! But again we are told sweet fa about our major funder of the last few years. They went cap in hand to 5G because they hope 5G will be kind and convert to shares at higher levels. Again dressed up as better terms, when the stark reality is we are at their mercy, and the only thing that matters is price per share, in this respect very decent chance that that will be worse than last time. But our boys are past masters of the double meaning/dressing up.
Truth is these guys have burnt through something like £25m of shareholder cash , decimated the share price from listing and have a few mill sales each year to show for it.
No wonder they don’t want to put forecasts into the market!
I hope it comes good but history suggests otherwise.
14th Feb
"Our recent efforts to consolidate our progress, both in our R&D and in our sales, and to ensure that we are on a path toward financial growth have been extremely successful, …’
The path towards financial growth had been extremely successful, so successful that 11 days later they raised $2m!
These guys have a real credibility issue.
Tend to think the 5G money was needed to pay for the vastly increased wage bill before the revenues follow on.
Chances are this 1st half we be pretty poor re revenues, just have to hope second half picks up.
They’re not taking on all those extra stuff for nothing plus new enlarged premises.
It’s about time they let shareholders know what’s really happening. IR is as dire as ever.
The two year forecast thing was a lovely way out for them.
No need to worry about meeting market expectations for some time.
tweet
https://twitter.com/tintraplc/status/1504467023450963969
Tintra is on route to building the world’s first built for purpose #Web3 #banking platform - expanding our already-extensive technological capabilities through the launch of the world’s first #metaverse bank.
As you say Bid, an interesting read.Mind you it seems funny to read open RAN might only take 15% of a $40bn market by 2026 when dear little ENET probably only needs $50m for multi multi bagger status.
Given the contracts signed last year, which have the potential for tens of millions of $’ers, then $50m would seem a relatively modest aim a few years out.
We’re currently a £18m m.cap co swimming in $bn waters.
We would make a tasty morsel for someone, it would be very opportunistic but that’s the situation we find ourselves in.
atb
Funnily enough , imo, the last two news releases are good news. The 14th Feb one was very clumsy, today’s extra $2m with 5G is welcome news, never a bad idea to have extra funds and they clearly have earmarked it.
I think we are going to see very strong activity this year and the sp will respond accordingly.
Today’s sp is bonkers, imo.
01234
ENET get the cash in the next 5 days.
5G can trigger the shares to be received any time in the next 18 months. At the point they trigger, the shares may be higher , lower, or the same as today. We all hope it will be higher, thus minimising dilution. This is an agreement with an agency they know and trust, I don’t think 5G will be in any rush to trigger, but even if they did, they are not aggressive sellers on past form.
The additional safeguard mechanism helps to prevent an excessive discount by taking account of the most recent share prices in the 15 day window.
I’m not concerned re this funding. It’s modest, with someone they know and trust. A point a lot of investors have seemed to miss it’s the trigger point share price that counts, not today’s price. Let’s see when they trigger, but I suspect they will be in no hurry. Another few $m in difficult times is never a bad idea.
It does explain why in the update week before last the financial position was glossed over beyond the ‘very successful for financial growth’ but. Obviously not successful enough!
Yes Bid, I spotted that as well. Wouldn’t be an ENET release without a bit of confusion thrown in. You’re right, it doesn’t make sense.
ETH, not with you, why wouldn’t I post here again? Shares go up, down, sideways. So far this one has not been good. That’s the way it goes sometime. There’s plenty of other things in my portfolio so I’m ok with it, it goes with the territory. They need to turn those words into $’ers this year , otherwise, like Dallo, I will be heading for the door as well. I think they will succeed and happy to see how it plays out this year.
Well remembered Bid!
10th March 2021 RNS
Mr Albagli's remuneration includes a portion payable through the issue of Ethernity ordinary shares ("Ordinary Shares") which, under Israel Companies Law, requires the approval of Shareholders. Consequently, Ethernity gives Notice of an Extraordinary General Meeting ("EGM") of the Company, to be held at 9.00 a.m. (UK time) / 11.00 a.m. (Israel time) on 15 April 2021 at the Company's offices in Israel. The Company will use the opportunity of the EGM to also seek Shareholder ratification of Mr Albagli's appointment.