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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ethernity Networks Ltd | LSE:ENET | London | Ordinary Share | IL0011410359 | ORD NIS0.001 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.55 | 1,435,465 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.50 | 0.60 | 0.55 | 0.55 | 0.55 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Communications Equip, Nec | USD 3.78M | USD -6.37M | USD -0.0169 | -0.33 | 2.08M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:54:56 | O | 188,101 | 0.512 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 25/7/2024 | 10:25 | UK RNS | Ethernity Networks Ltd Ethernity Networks shortlisted for Award |
| 18/7/2024 | 09:03 | UK RNS | Ethernity Networks Ltd Notice of AGM |
| 15/7/2024 | 14:40 | UK RNS | Ethernity Networks Ltd Clarification re Structured Investment Deed |
| 12/7/2024 | 07:00 | UK RNS | Ethernity Networks Ltd Warrant exercise under structured investment deed |
| 28/6/2024 | 10:48 | ALNC |  Ethernity Networks shares jump on US contract worth USD1.1 million |
| 28/6/2024 | 07:00 | UK RNS | Ethernity Networks Ltd Contract Win |
| 17/5/2024 | 17:39 | ALNC | TRADING UPDATES: Ingenta trades in line; Triple Point Social NAV up |
| 17/5/2024 | 07:00 | UK RNS | Ethernity Networks Ltd Structured investment deed to raise £800,000 |
| 02/5/2024 | 07:00 | UK RNS | Ethernity Networks Ltd Grant of options |
| 19/4/2024 | 09:17 | ALNC | Ethernity Networks shares jump on annual revenue boost |
Ethernity Networks (ENET) Share Charts1 Year Ethernity Networks Chart |
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1 Month Ethernity Networks Chart |
Intraday Ethernity Networks Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/7/2024 | 20:32 | Ethernity Networks -5G Superstock in the making | 38,237 |
| 12/7/2024 | 07:52 | Ethernity Networks: Next Gen Networking/Comms IP & Tech | 7,285 |
| 11/1/2024 | 12:51 | We Told You So | 17 |
| 07/7/2023 | 08:03 | Ready to go | 299 |
| 04/7/2023 | 09:12 | Ethernity Networks Ltd | 683 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 14:54:57 | 0.51 | 188,101 | 963.08 | O |
| 2024-07-26 14:44:08 | 0.51 | 46,750 | 239.36 | O |
| 2024-07-26 14:42:56 | 0.52 | 772,149 | 4,015.17 | O |
| 2024-07-26 14:12:18 | 0.51 | 25,000 | 128.00 | O |
| 2024-07-26 12:26:41 | 0.57 | 50,000 | 282.90 | O |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Ethernity Networks Daily Update Ethernity Networks Ltd is listed in the Communications Equip, Nec sector of the London Stock Exchange with ticker ENET. The last closing price for Ethernity Networks was 0.55p.Ethernity Networks currently has 377,642,243 shares in issue. The market capitalisation of Ethernity Networks is £2,077,032. Ethernity Networks has a price to earnings ratio (PE ratio) of -0.33. This morning ENET shares opened at 0.55p |
Posted at 23/7/2024 07:19 by daddy warbucks Morning Patt.I can see where you are coming from, but the facts could also be interpreted differently. New Tech offered the structured loan on the 17thMay.They we’re given an initial 40 million shares, sometime around the 23rd May as part payment. There was an initial 45 day period where those 40 million shares would be priced at 1p a share. They could then adjust that price dependent on the lowest 5 day VWAP in the past twenty days. So, 17th May deal done. 40 million shares issued around the 24th May. After the 45 day period the adjustment of those shares was around the 8th July. (Approximately) The 20 day calculated period we were all guessing started in June. 12th July, ( I think), New Tech took up their option to redeem some of the loan for another 98 million shares. As you rightly said, sometime in the period between getting the initial 40 million shares in late May and the 12th July 11 million of the 40 million were sold. With hindsight, I believe they needed to use those 11 million shares to affect the VWAP qualifying days, to keep it under 1p. The surge on the 28th June (?) was due to the report of a contract for just over a million dollars. The contract has yet to be ratified ( hopefully August), but again in my opinion was a desperate effort by the company to keep the share price higher. Unfortunately the damage had already been done as we saw when New Tech redeemed part of the loan for 98 million more shares at a price of approximately 0.41p a share. You said that New Tech could have sold more shares on that spike. Yes they could. However, the 40 million initial share allocation is needed in the calculations for the next 5 day VWAP, so why sell more than was needed? In fact the share price has never really recovered from that first redemption of the loan and the VWAP is likely to be similar, if not lower than the last one at 0.41p. So New Tech could get millions more shares before news of contracts etc comes along and could hold them for that news and make a lot more money selling then than now. People are reluctant to buy now at 0.65p, when that value could go down by a third on another New Tech redemption. Contract news could come soon and the price should spike, but will New Tech take more shares at the same time for a much lower VWAP and sell into that spike? I’m sorry to be a pessimist, but that was my thinking on getting out when I did at a loss I should add. Hopefully holders will be better rewarded and I keep my fingers crossed that they get those other contracts or are bought out for their intellectual properties. |
Posted at 22/7/2024 18:14 by daddy warbucks I know I am out of this share, but I am still interested in what happens here, so please don't take what I say as someone trying to hurt the share price.After the last exercise, the share price is stuck in limbo. The share price is down and if the last five trading days are used, the next exercise could result in more shares at a knockdown price.So, investors face a dilemma. Do they buy around 0.65p in the hope of buying up the recently issued shares making a good profit for "New Tech"? (Around 50%)Or, If investors do buy in greater quantities and remove any overhang, then "New Tech" Will be free to exercise more shares at a knockdown price. ( Probably around the same price as the last one)Buying around 0.65p, knowing that New Tech will get more shares around 0.4p is not an attractive option.I am struggling to see how this can be resolved.Release great contract news and the shares may go up, but New Tech get more shares at 0.4p and down it goes again.Do nothing and the price drifts. Buy at 0.65p knowing more shares could be issued at 0.4p!I don't know the answer to the question, 'how do we get out of this?', but would be interested in others views. |
Posted at 18/7/2024 09:58 by whoppy If a telco provider gains an advantage by using ENET products, then others will have to follow. It's all about the tech and utilising ENET's products. OEM's know and will want to incorporate ENET's technology. ENET have a huge advantage over other offerings in delivering solutions. |
Posted at 15/7/2024 21:37 by vitalize Why! Why! WHY!!Who does this type of thing mean for goodness sake? Why are they so shameless and greedy and lack integrity? Why do you round down and round down again on a share price that is already fractionalised and decimated? Why using this to steal from the company and its shareholders? Why not round up to the nearest decimal? Why is the company giving away so much for so little? Why is David Levi undermining is hard work? Is the company still expecting the OEM contracts for Tarana? Why is the system so corrupted? There are real people whose pension and life savings are invested in this market. What is going on? 'The Warrant exercise price (the "Exercise Price") is calculated as the average (in pounds Sterling, rounded down to three decimal places) of the lowest five daily VWAPs of an Ordinary Share (rounded down to three decimal places) during the twenty trading days before the receipt of a Warrant exercise notice by the Company, less a 15% discount, rounded down to the nearest one tenth of a penny' |
Posted at 15/7/2024 21:13 by vitalize Why! Why! WHY!!Who does this type of thing for goodness sake? Why are they so shameless and greedy and lack integrity? Why do you round down and round down again on a share price that is already fractionalised and decimated? Why using this to steal from the company and its shareholders again? Why not round up to the nearest decimal? Why is the company giving away so much for so little? Why is David Levi undermining is hard work? Is the company still expecting the OEM contracts for Tarana? Why is the system so corrupted? There are real people whose pension and life savings are invested in this market. What is going on? 'The Warrant exercise price (the "Exercise Price") is calculated as the average (in pounds Sterling, rounded down to three decimal places) of the lowest five daily VWAPs of an Ordinary Share (rounded down to three decimal places) during the twenty trading days before the receipt of a Warrant exercise notice by the Company, less a 15% discount, rounded down to the nearest one tenth of a penny' |
Posted at 09/7/2024 10:11 by pwhite73 patt - "the lowest VWAPs are dropping off the chart."Yes but that's only for the last 20 trading days. For example if the lowest VWAP was 0.65p then New Tech is losing the opportunity to covert at that price the longer they wait. However if the lowest VWAP is 0.50p over the following 20 days then it would have been wise for New Tech to wait and miss the 0.65p window. Don't assume 0.65p will be the lowest price ever over the next six months. Furthermore its not really on the lowest price New Tech make their money its on the 15% discount. If New Tech convert at 0.65p and the shares are priced at 0.65p there is no premium apart from the 15% discount. The conversions are only of positive value if the share price is higher than the lowest VWAP. The bid as I type is 0.65p so there is no money to be made for New Tech if they convert today. I hope that all makes sense to you. |
Posted at 09/7/2024 07:24 by pwhite73 patt - "I think what I have said is that DL is saying nothing at the moment! That indicates to me that something is going to be announced."When nothing is to be announced DL says nothing. When something is to be announced DL says noting. You can't have it both ways. We are now into the H2 2024 and there is no sign of the Tarana contract. ENET is a public listed company where investor sentiment is important if the share price is to reflect the operational performance of the company. If ENET have signed a £10 million contract with Tarana and are saying nothing under an NDA then that's no good to you as a private shareholder. Even if they don't mention any names (like the fake aerospace deal) at the very least they should make it be known a new contract has been signed with a Tier 1 Telco provider. |
Posted at 06/7/2024 12:38 by pwhite73 The funding deal is not a bad as you think. In previous Bergen deals the further the share price fell the greater the dilution. This time round ENET has put in place the subscription shares as a safety net. The maximum Bergen can make is £800k plus 15% which is another £120k totalling £920k if the subscription shares are priced at 0.0000001p. If the subscription shares are any higher the number of shares that can be converted from the warrants is less.Ultimately Bergen want to make their money from the subscription shares not the warrants. If the subscription shares are priced at 3p it means the value of Bergen's holding is £1.2m. This is preferable to warrants valued at a maximum £920k. If you think Bergen can maximise the warrants at £920k and still have subscription shares valued at £1.2m you have misunderstood the RNS. Speak Later. |
Posted at 06/7/2024 10:28 by pwhite73 The 45 days is up on Sunday 7th July 2024. In order to limit the number of warrant shares issued after the reset ENET would have released the Tarana news this week as you suggested to boost the share price.Remember the conversion formula is $800k - value subscription shares. So irrespective of the 0.65p being within the 20 day trading range if the subscription shares are valued at 3p ENET cannot convert as $800k - 40m x 3p = is a negative sum (even allowing for your fictitious 15% discount on the subscription shares). ENET tried to mitigate against the conversion with the aerospace deal which I do not personally believe exists but a Tarana deal would have sealed the fate of Bergen exploiting the shareholders. That ENET has made no announcement of a Tarana deal going into the reset period tells you it does not exist. |
Posted at 03/7/2024 14:40 by purchaseatthetop Spot on LSE post by skid. Thanks.skid35 Posts: 2,839 Price: 0.775 No Opinion RE: Shareholders May 23rd 2024Today 12:12 If you disconnect the company and management performance from share price expectation / valuation. I dont believe the share movement really reflects this contract. 1. We know there is no further development cost, the software is clearly fully tested - little risk (US govn approval) and 100% margin and cash. From a short term share price perspective this contract is more valuable than a UEP2025 one. 2. A NEW customer, which is really difficult with ENETs finances and track record. Especially when compared to the very misunderstood contracts in TSP which caused the spike. With illogical traders and followers entry and exit points are hard, with the rise before the contract I feel someone in ENET might have been a little indiscrete. A Tarana order providing a view on monthly run rate is needed to settle the nerves and set a trading point c 1p plus |
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