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 0.0% 15.25 22,500 08:00:03
Bid Price Offer Price High Price Low Price Open Price
15.00 15.50 15.25 14.925 15.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1.95 -6.78 -10.35 11
Last Trade Time Trade Type Trade Size Trade Price Currency
10:20:20 O 12,500 15.40 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-30 12:21:4715.018,0001,200.80O
2022-06-30 10:56:0415.5050.78O
2022-06-30 10:55:3915.0812,2801,851.21O
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Ethernity Networks (ENET) Top Chat Posts

Ethernity Networks Daily Update: Ethernity Networks Ltd is listed in the Software & Computer Services sector of the London Stock Exchange with ticker ENET. The last closing price for Ethernity Networks was 15.25p.
Ethernity Networks Ltd has a 4 week average price of 14.73p and a 12 week average price of 14.73p.
The 1 year high share price is 62.50p while the 1 year low share price is currently 14.73p.
There are currently 75,351,738 shares in issue and the average daily traded volume is 160,111 shares. The market capitalisation of Ethernity Networks Ltd is £11,491,140.05.
504: Whenever it comes it will change things but until it does people cannot see beyond the current share price. Look at what is happening in the business, it's the future. The share price is just a snapshot of current thinking. Thinking will change with positive sales news and so will the share price. Someone bought 55k shares this morning. What do they see?
504: Kcowe I never mentioned charts. They are nonsense. The chart simply looks backwards. The share price today is only relevant if you buy or sell. It is in no way a measure of the products or the market. The relevant points are the difference between the share price and the potential near term. So when you get news like we did on the 13th June which was a major derisk on delays value should have been added. Maybe 25%. However it was not added, the derisk was followed by a share price drop So either it was overvalued and still correcting or the market didn't value the news. Ethernity has never delivered on time before. This statement with it was probably the most understated way to summarise Ethernity VP R&D Shavit Baruch said: "The move to the manufacture and supply of the UEP module for our OEM customer is a significant achievement. Furthermore, the completion of the integration of the UEP2025 is a significant milestone, opening the doors for deliveries into multiple sectors of the 5G infrastructure market that were previously unavailable to the Company's sales efforts." Opening the doors for deliveries into multiple sectors. Sounds like they expect some volume. "now moving it to the initial production stage, wherein it will undergo prescheduled testing with potential customers, followed by targeted volume availability in Q4 2022" So the market missed this key piece of news. On time for delivery "targeted" so into orders. Cementing the expectation of orders. At the same time XGS-PON shipping Q4 of the first scheduled production on the $3m initial contract. These are the 3 years delayed business model actually delivering and the share price is rock bottom. I expect these events to create a strong H2 news flow. I also expect multiple future production orders for UEP. So what's changed. The product is now mass production ready. Not as an adaptable product with a 12-18 month R&D window this is ready for delivery white box. This model is a high volume tech model not 1000 units but replicated many times. Indoor unit, globally maybe 10 million units over 6-8 years for basic indoor 5g. The numbers are huge. Just because Barry from Birmingham can't see it doesn't mean a thing Soon everyone will see it.
504: There are just two aspects to consider. The share price and the quality of the opportunity held against that price. The price is set by investors consensus. Simply it's wrong producing an opportunity. How many would be buying if it were £1 a share right now for the same quality. Not me because I don't seek comfort in the opinion of others that results in the share price. It's only important how the share price responds to the progress of the company ahead. Behind is irrelevant. Now we do know what is coming. If you are too afraid or to stupid, that's life
chester9: I think we all understand the pain kcowe is going through my average is 38p but if like 504 I had sold and rebought I could state my average was 18p. I have not so my average is over 50% down. Patt is hugely enthusiastic and often keeps this board going, but gets up to mischief on other boards his recommendations of ITX, STX, ANG, ENET have been poor with ITX and STX, then TBC on ENET and ANG. Though he has called BEN right most apt for Purchase at the top when share price was £1 and is now to 60p. Traceylied/504 is knowledgeable but has her own agenda, posting on one share only seems like she is almost paid to do so, no one has all eggs in one basket. She has walked away twice at least once from LSE board after being challenged on over optimistic forecasts. Then again on ADVFN with my job is done statement, coming back a few days later. 504 has an issue with the British but speaks well and uses very British phrases at times so has spent a lot of time mixing with the British or perhaps living here. DPLewis is not her best friend and believes that she lives on a caravan park, as commenting as often as she does, from her yacht is perhaps not so believable. 5G if I had the time the maths on their ins and outs would tell the true story about the £2m. It feels like they expected the share price to hold up better to be able to make more money that did not work so the next time they struck a deal that could not fail them. MR and David clearly did not have a choice on this one as we all know how bad it is. Whatever threat was used it worked, neither are stupid so must have be backed into a corner. Jobs now down to 46 and still 10 vacancies not filled in months. Suggesting plans not happening for the big production hoped for. The worry for OEM is can you back your roll out on a company worth £11m that could be taken over at any time and that is clearly in the grips of 5G. I wish I had sold at 20% down and watched from safety. I enjoy the banter on this board as appreciate all contributions and heres not losing the rest, all now lies with actual sales contracts and August update. Kcowe I feel your pain
astralvision: Could do with the 'big contract wins' they mention here, but no reason to think they are not coming.Investment case: Key considerationsENET is 'Deep Tech', in our view. It is patent backed, with significant R&D over a period of time. Proof of concept is well-established, and innovation is ongoing. Over 800K systems are now deployed through OEMs. However, we are now at the stage of material monetization, and execution of commercial strategy. The shares are likely to be responsive to big contract wins (note customers are rarely named).In terms of visibility over recent 'big wins', we highlight the latest report & accounts,2021. The company signed a $1m deal for delivery of complete system module to international mm wave radio providers, and anticipate further orders for 2023 at about $3m.2021. Ethernity signed a $3m contract with a Chinese broadband network OEM to supply its ENET 4820 and ENET 5200 FPGA FPGA XGSPON and GPON OLT PON devices for fiber access deployment.Q122. Additional $800,000 of orders from the American fixed wireless OEM customer already received for 2023, on top of the $2m announced on 27 May 2021.2021. The Company signed a $400,000 contract with a global wireless OEM based in Europe to supply its ENET 4840 40Gbps FPGA System-on-Chip (SoC) with support for Carrier Ethernet switching, wireless bonding, and IPSec security.Revenue during 2022/23 will likely be derived from a mixture of sales of FPGA SoC embedding the ENET Flow Processor firmware, routing software stack, customised UEP offerings, and the FPGA Smart NIC solution for UPF and DU. Note also the recurring profile of some ENET revenue, whereby royalties are paid for 'long duration' licensing contracts, which were signed years ago.
504: I received a nice message of support from a new shareholder who started their purchases yesterday. They asked how I can be so sure that the share price will rise once the OEM market opens It's absolutely inevitable simply because no matter how it goes Ethernity are in the picture. If it were roulette they would be on the Voisins, on odds and evens and on black and red. So will it be open or vendor locked. XGS-PON can be either. Why is it so smart. They don't need a redundant optic the PON can be fully engaged in FttH or something else. This Ethernity kit works in unused parts of the spectrum. This can be open or as in China joining towers to the network on locked networks.In the rest of the world it will be used in Private Networks. Private networks are the immediate Ethernity opportunity and will be deployed long before the basic locked networks require density. Here they are engaged with multiple OEMs. At the radio UEP2025 is the ideal product and OEMs will quickly go to market with the Ethernity product. At the DU the Ethernity solution is an absolute leader. Relocated and co-located are features of the open network. It's part of what gives it the edge. Ethernity are absolute leaders here. More efficient than anything else with unique features like router and bonded transport. aceNIC 100 is widely proven and the best on the market, largely due to the way Ethernity process the data which is protected. This can be used for acceleration, DU, or any function where parallel processing saves cores, space and power. Wireless bonding, this will form multiple parts of the network be it front, back or midhaul. UPF partnered with TietoEvry. TietoEvry are a huge business and will be Integrators for private networks. They are committed to Ethernity and have a joint to market strategy. I am so sure that the share price will rise that it's inevitable when the market opens simply because Ethernity are across the whole network. Data centre to radio. The opportunity is so vast (millions of towers and nodes) and the OEM reported at 50% using Ethernity means that multiple streams open producing sales. They won't hit them all but the coverage is so broad that they will score sales. The share price reflects failure and the business is clearly a success. It's just a matter of time before the inevitable happens
astralvision: Again from the BN Outlook and Forecasts ‘The Company expects significant revenue growth from its FPGA-based programmable system solutions and FPGA SoC, coupled with further growth in the FPGA Router-on-NIC’. ENET has then helpfully provided quite detailed guidance on underlying revenue expectations for FY22 and FY23. The company is upbeat on order flow and the visible and cumulative revenue outcome 2022-23. In a previous 2022 RNS, Feb 14th, ENET guided to c$20m revenue (cumulative) over 2022-23. We also note the difference between contracted and potential (pipeline) revenue. In our view, contracted revenue should be seen by investors as ‘base level’ expectations (purchase orders submitted and signed). We break out 2022 and 2023 expectations separately. This is the basis for our forecasts. 2022: $4.5m contracted revenues, from existing customers. FPGA SoC revenues expected to significantly increase YoY: attributed to revenue associated from the orders in place mainly from the U.S fixed wireless system provider and a PON Chinese OEM customer. Design kit and ongoing royalties: excluding other licensing deals in plan. System Platforms (UEP and ACE-NIC): Growth from contracted deliveries (with potential for upside, depending on components supply) 2023: $5.0 million of orders contracted. Importantly, significant further growth over 2022 is expected from both additional orders from existing contracts and further contract wins. FPGA SoC: Revenue growth expected over 2022 relating mainly to existing committed orders from customers. Upside comes from further follow-on deployments in existing customers’ platforms that already embed the Ethernity ENET FPGA SoC and Flow Processor. System Platforms (UEP and ACE-NIC): Resulting from the UEP revenue anticipated for follow on orders for the Contracted UEP Module, other new business under negotiation for the UEP cell site router, and ACE-NICs for 5G and vRouter markets. The company’s 2022/23 outlook is optimistic, and the business appears to be scaling well on the top-line (backed by up new orders). This is a revenue/gross profit story, in our view. In terms of additional features of the ENET financial model, we highlight: Long term gross margins to trend towards the 60% – 70% levels, vs the 2021 gross margin, 73.8% (85.4% in 2020). The gross margin will still vary according to the revenue mix as Royalty and Design Win revenues are at c100% gross margin before any sales commissions. On our published forecasts, ENET will continue to be loss making in FY 2022/23, before turning a small EBITDA profit in FY24. On our forecasts, ENET is funded to cover cash burn through this period.
chilltime: So yes people do look on, new buyers, but if they have read up they look at the ridiculous deal when they didn't need cash. 5G can simply wait and grab the lowest price share price what it is over the next 14/15 months. 5G can also influence the share price by selling. EG at 10p they can get 16 million shares with 75m shares in issue it's about 21% of the company. Absolutely bloody ridiculous deal. New funds will see that so it's down to retail dudes to get caned and pick up the pieces.
chilltime: The down side Great great, great looking opportunity but for those on the fence an axe swings above the share price, engineered by the company !!!!!! The relevant paragraph is at the end of the post. $2m raised by this method Gave the cash and set a mechanism where they can buy when the share price is at it's lowest point. BUT the buyer can sell in an illiquid share to crash the share price, which equates to a version of death spiral where the buyer can influence the share price before buying. It's risk free, they don't have to gamble, it could be £2 tomorrow and but they can still buy at 18/19p. Yet ENET saw this as a great. I get it if mews had been good the share price would be up, but the market was awful and protects poor re world issues in general at the time of the deal. So what were they getting out of it to encourage such an unneeded deal.!!!!!!!! An explanation would be useful, under what circumstances that deal ever good 'The pricing mechanism thus provides an additional protection mechanism for the Company, to minimise excessive discounts.' really!!! It could be £1 on huge news and they get 1.6m shares at 18p each. What the hell were they thinking. The Settlement Price will be equal to the sum of the Reference Price and the Additional Price. The Reference Price will be the average of three daily volume-weighted average prices ("VWAPs") of Shares selected by 5G Fund during a fifteen-trading day period immediately prior to the date of notice of their issue, rounded down to the next one tenth of a penny. The Additional Price will be equal to half of the excess of 85% of the average of the daily VWAPs of the Shares during the three consecutive trading days immediately prior to the date of notice of their issue over the Reference Price. The pricing mechanism thus provides an additional protection mechanism for the Company, to minimise excessive discounts.
astralvision: So how does any of the info fit with the info we have from ENET? From the London meet it has been reported DL said around $150 for Tarana and that they are now booking into 2023, due to the component squeeze. For ease of simplicity let’s call it c $1 per subscriber to ENET. If the eventual aim is hundreds of millions of subscribers, that should be over $200m to ENET. What we know so far: 2021, $765k sales. Enough for 765,000 subscribers, but there will be a big element of the BNs go in first and the subscribers build over time. So this amount probably covers a fair amount of subscribers going into 2022. 2022, $1.235m sales, covers a further 1.235m subscribers. So 2021's orders of $2m are sufficient to connect 2m subscribers by the end of 2022 2023, $800k to date. A further 800k subscribers. If they are going to be connecting tens of millions in a year to hit their targets either they (ie Tarana) are kidding us or they will have to multiply those orders up rapidly. You would think the target must be 5m+ in 2023, which would equate to $5m to ENET. Sounds like Tarana need to seriously up their 2023 order or miss out. Something don't add up here big time!!!! Are Tarana bulling it up for all its worth, with an eye on the IPO, or are ENET not revealing the true position? Can't see ENET would have anything to gain. Tarana's global roll out, at the moment, looks like it is component restrained and they are unlikely to hit their goals, on the basis of a fairly paltry, for them, $800K order for 2023. Unless it's all hot air,Tarana needs to be ordering another , say, $4.2m for 2023 in the next few months, to give $5m total for 2023 and potentially connecting another 5m subscribers 7 months of the year left, would have thought if Tarana want to go for it in 2023 then those orders need to be in asap. Tarana's true intentions and internal forecasts are ,imo, indicated by orders to ENET. Sounds like they are holding back to me. Unless they have another supplier for the chip set beyond ENET, which seems unlikely given the near term G2 roll out. all imo, dyor, etc etc atb
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