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
  3.50 8.05% 47.00 1,111,559 14:56:22
Bid Price Offer Price High Price Low Price Open Price
46.00 48.00 48.00 43.00 43.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1.36 -4.57 -12.43 33
Last Trade Time Trade Type Trade Size Trade Price Currency
14:56:00 O 4,240 47.01 GBX

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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 43.50p.
Ethernity Networks Ltd has a 4 week average price of 33.50p and a 12 week average price of 33.50p.
The 1 year high share price is 58.50p while the 1 year low share price is currently 16.50p.
There are currently 70,276,259 shares in issue and the average daily traded volume is 1,016,197 shares. The market capitalisation of Ethernity Networks Ltd is £32,678,460.44.
skid35: PATT. I believe ENET will become a takeover target from a large US network hard / software company hopefully at a premium to their share price in 2023/4 when the share price is a multiple of today. With the pe ratio of US tech companies being high it is easier to justify a high price which is not too diluting to eps. As a service provider it will 100% not be at+t, not enough synergy. Would be interesting to see if a "ventures" arm of a US iT company was one of the institutional new holders (every US tech has one investing in smaller and start ups). Identity and independence will have nothing to do with it, with a US takeover they may retain the brand name but it will be subsumed very quickly. No takeover would allow the selling party to have any real influence. The management team may be given a one / two year earn out to maximise value and ensure continuity.
oapknob1: A lot in the pipe but how are component shortages and Covid affecting ENET ? Looking forward to next update but 2022 seems to be the year for major uplift in share price with a switch from some Licensing deals to Product solution supply. IMHO DYOR. Latest deal - $3m contract with a Chinese broadband network OEM. signed a 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. - worth approximately $400,000, with the majority of the revenue accruing in 2022 and with additional orders anticipated thereafter. A global OEM customer has conducted field trials for Ethernity's UEP-20 product with a US-based ISP - The Company anticipates that this will lead to orders in excess of 1,000 units for its UEP-20 product, with deliveries commencing in Q4 2021. “OEM customer, based in St Petersburg, to upgrade an existing hardware platform with new FPGA-firmware. The agreement provides for stage payments totalling $190,000 on a milestone basis during 2020 and 2021, followed by ongoing product sale revenues anticipated at between $80 to $150 per Ethernity ENET System-on-Chip (SoC). Based on the nature of the appliance as an Enterprise router CPE, pending successful execution the customer anticipates shipment of c. 10,000 units during 2021, which would lead to additional product revenue in excess of $1m to Ethernity.” Has there been any follow up with these previous wins ? “Ethernity's ENET Avionic Ethernet Switch for critical avionics operation. $122000” - Are they progressing their Avionics product solution further ? Big industry. “Indian telecom OEM with end-to-end system functionality to enable up to 360Gbps Cell Site Router (CSR) appliances. $1.5mill” - “due to component shortages and the ongoing impact of COVID-19 in the areas where our contracted customers operate (specifically, in India) resulting in significantly late deliveries by our customers of their fabricated product for integration with our UEP software, which product has now finally been fabricated and delivered to the Company by the customer for integration. In light of these delays, we now expect a delayed deployment from our customers from 2021 to the first half of 2022. As a result of these delays, and the worldwide components shortages, we now expect that approximately $1.0m to $1.5m of anticipated revenues may be pushed from H2 2021 into H1 2022.” “signed a contract with Hong Kong Techtronics Electronic Technology Limited ("Techtronics") to manage distribution of its 100Gbps ACE-NIC100 FPGA SmartNIC throughout the Chinese market.”
purchaseatthetop: Excellent day as much for the volume as the increase in price. Now only 2.6% in the red! Nearly there and this time no new placing to destroy my portfolio %. Just had a look and saw that since my last pre-placing buy that was 24/9/21 at 53.17p I have added 15 times at prices from 34.25p to 39p today adding nearly 100,000 shares. I must admit that my immediate reaction to the placing was sickening horror but now it is of gleeful appreciation of this chance to add with a market cap of still £27m. As the days have passed with the new contracts appearing I have become more and more confident. This is just like AGL with Jupiter Asset Mgt selling. The price is being kept down by 5G IF and some overloaded warrant holders lightening their loads. Just like AGL the moment they stop selling (which is the earlier of around 3 weeks at this rate or new contract RNS) the share price will double really rapidly. AGL rose from 40p in Dec 20 to 80p in just a couple of weeks when Jupiter stopped giving us cheap shares. Now 125p. All IMO and your money, your choice. no tears.
purchaseatthetop: That facts are: 1) The share price bounced off 40p five times in the three months prior to the placing. 2) The share price only spiked to 53p in the last 12 days before the placing caused by a few new PIs buying 2-3m shares. 3) No shareholder was excluded from the 35p shares plus warrants as the extra requests were filled in full. 4) Even those who did not get those were able to buy on the market at 33p a few days after the placing. 5) David Levi took a 35% haircut on his 9m+ shares with the drop and only added 235k 35p shares (2.7% extra to his 9m). He lost the most. 6) There is clearly a massive need for the liquidity due to massive new orders. We say the $3m new contract yesterday. I expect a $5m contract in the next two weeks and then even greater ones. The cash was needed now and not in a couple of months time. All IMO only and I think there was no way that ENET could delay any longer.
chilltime: Warrants What the hell was so difficult to understand. Warrants are done where interest is low, so you have bucket shop involvement big discount and demands for warrants to get the placing away. Pump up prior to forward sell and cash out on the raise, at least some posters understands that receptive fraud in the market. Over subscribed makes me laugh, a good deal of those would have been forward sold much higher squaring off at 35p, easy money. Funds and spivs screwing PIs who fall for it every time PIs. Vile crooks. So the warrants 1 for 1 everyone that got it gets warrants options at 60p, 50k shares 50k warrants. Exercise price 60p lifespan 18 months. If at any time the share price is above 80p for 5 consecutive days the company can serve notice that they must be executed, if not done within 7 days the warrants are cancelled. Quite simple really. So most holders will dump all their shares above the 35p as and when they fancy to the PI carrot of seeing 60p warrants and etc. A nice carrot to drag the mugs in so they can sell their 35p shares. Then invest their cash elsewhere and if for some reason ENET gets above 80p then decide if enough volume is enough to dump their shares post warrant execution. And PIs wonder why they are such easy targets for the city.
purchaseatthetop: dplewis....a new contract was announced on 17/9 if I remember that needs RNSing plus it is now 4 months since the Tarana update so I expect another very soon plus there are lots of other new possibilities plus ENET likes Tuesdays. .....More relevantly based on the the email I got from Mark R of ENET where he clarified that they saw the USP of ENET that their IP enables low cost FPGA's to be used, ....and the fact that the ENET twitter says "Ethernity is the leading provider of network data processing technology mounted on low-cost #FPGAs, as an alternative to expensive multicore processors." .....and the evidence that the UEP-20 is "The ENET UEP-20 network appliance addresses this requirement by offering an edge-optimized, low-space/low-power FPGA-based programmable device with up to 40Gbps of networking capacity and 10Gbps of IPSec security. The UEP-20’s unique modularity enables the appliance to be easily adapted for multiple edge use cases." then this makes me think that the huge new contract will be UEP-20's for an OEM and the 17/9/21 order is the first drops of a torrent to come and the placing was due to this happening right now.
purchaseatthetop: I wonder how Tarana are getting the ENET parts. Over on LSE TL has posted that the Tarana Mexican production plant company FLEX are now full on producing Air Fibre units with covid delays now a thing of the past. FLEX must be putting all the parts together including ENET units into the system. Just running some numbers in my head.....if Tarana are producing 5,000 units in the next three months and each unit needs one ENET set of parts that cost Tarana $900 but the cost of the parts is $350 to ENET (so around 60% gross margin), then that is $1.75m of parts cost to ENET. 5,000 units each with around 500 householders each means connections to 2.5 million homes. That does not seem too many when you look at Tarana global reach. Actually it might be 10,000 units in the quarter. OK...this is just be playing around with numbers but I still think that the majority of the placing is due to this massive ramp up of Tarana. The RNS said "existing obligations" and the ramp up are "new obligations". The simple cost of sourcing the parts and having to pay for them before Tarana pay us, plus the likely increase in the future mean the working capital needs are huge. Views?
astralvision: Interesting article, published today on ENET web sitehttps://ethernitynet.com/ideal-mix-employees/Like this bit, anyone for exponential share price growth?The shape of things to come, I hope!'Furthermore, as the employees contribute toward growing the market share of Ethernity's unique and exciting offerings, the Company's share price on the London Stock Exchange grows exponentially adding "super growth" to the share price at a far greater rate than that of the giants such as Intel.'
purchaseatthetop: Astralvision (uhlf on LSE just posted this) uhlf Posts: 1,135 Price: 36.50 No Opinion RE: ENETToday 10:59 Yes, guess we must’ve missing a piece of the jigsaw, assuming they are not stupid or like shooting themselves in the foot. Two of our most respected posters, TL and dallo both reckoned the share price was going significantly higher this year, with dallo mooting the possibility of a placing c 70p at year end. All his own thoughts and conjecture, but I think it reflected what many of us thought would happen, a strong rise into the year end, it was already underway. Then they chucked a bomb in there saying they were ok for cash 2022 but needed further cash for big deals end 2022. Mind you, given the interim statement they could hardly say anything other than that. So why do a placing for cash needed xxxxx months down the line when they could have waited a few months and a strong possibility it could be done at 60p or 70p? It’s either the missing piece of the jigsaw or they’ve made a right Horlicks of it. They have got previous re last years rescue funding package. Time will tell, but we’ve all paid a heavy price in terms of dilution and trust. Let’s see if it was worth it, they have the rest of this year to prove they haven’t mucked up again. All imo. My view as it is a really good point. The roll outs are just starting and will accelerate really fast in Q1 2022 becoming massive join H2 2022 as the USA and India have time limited of 2023 for 70% coverage of the country. From a standing start. Chicken and egg situation. ENET could not sign the contracts until the balance sheet was wrong enough and could not issue as contract RNS until it is signed. Cannot be signed until the balance sheet is strong enough. Therefore, there was no way of simply waiting for an uncertain share rise to make the 70p placing cheaper. Action needed today. Just IMO and thanks for the post.
purchaseatthetop: Hi one_frankel...good that you agree with me. I am posting on the new moderated thread now as the morons have taken over this one. Clearly the new contracts are going to be huge. The IP of wireless bonding (March 21 patent see RNS) is the only way to enable wireless 5G to match fibre for reliability and efficiency. The ENET IP will become an unnamed but critical part of every service/product offering out there (except in China where it will be copied!). Revenues next year $25m. 2023 $60m. Share price 31/12/21 80p. 31/12/22 200p. The size of the cash raise (and remember that David Levi lost $1.4m of his $5m value on his shares when they dropped from 53p to 36p) indicates that a mere $2m was not enough. The counterparts needed absolute security over their IP. Just like Tarana and DISH arranged the 5G IF share subscription to complete the development of it. I added another 35,000 shares over the drop and if anybody wants that to be proven email me at acquistoinaltro@mail.com BTW trolls...you have not mentioned my other largest shareholding of AGL. It is rising and rising. Just like ENET will soon. I add knowing that this is going to the moon because the IP is so critical. Try some analysis. It is where it is in 2023 that I think about. Love PATT
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