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
  -4.00 -7.55% 49.00 98,533 10:39:57
Bid Price Offer Price High Price Low Price Open Price
48.00 50.00 53.00 49.00 53.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1.01 -3.43 -12.06 26
Last Trade Time Trade Type Trade Size Trade Price Currency
13:22:35 O 16,176 49.38 GBX

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Date Time Title Posts
11/5/202114:10Ethernity Networks: Next Gen Networking/Comms IP & Tech905
13/4/202110:53Ethernity Networks Ltd528
29/1/202016:20Ready to go4

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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 53p.
Ethernity Networks Ltd has a 4 week average price of 32p and a 12 week average price of 28p.
The 1 year high share price is 58.50p while the 1 year low share price is currently 11.75p.
There are currently 54,061,759 shares in issue and the average daily traded volume is 317,472 shares. The market capitalisation of Ethernity Networks Ltd is £26,490,261.91.
purchaseatthetop: collywobbler....I have seen posts where it has been suggested that too much was given away by ENET to 5G for the support. I totally disagree. 5G took a hell of a risk and are being rewarded. The liquidity that they provided has allowed a smooth and seamless progress to ready to produce and sell. The other alternatives of a placing, debt etc would have cost time and share price. Liquidity is always the critical problem for rapidly growing companies. Just like with ITX it is the major risk for PI's. ENET have dealt with it with forward planning and are comfortable. I was senior in Corporate Finance and Change Management and (for once) know what I am talking about. There is nothing unknown about the deal. Money for shares. Simples!
purchaseatthetop: 5G Innovation Leaders Fund have certainly been selling. According to ENET own website they are not on the top shareholders as of 30/4/21: hTTps:// As of 30/4/21 they appear to have 1,805,054 according to Yahoo Finance (which is why they do not appear on the Eternity website - so that makes sense). 5G were issued with the following shares: 25/9/20 1,335,130 31/12/20 826,087 26/4/21 1,805,054 - same as the balance per yahoo finance. Therefore it seems they have sold the shares from 25/9/20 and 31/12/20. This explains the share price being held down for an extended period. Therefore, 5G are making money from it to date and there will be no TR1 as at this point.
purchaseatthetop: I will be very happy with the share price remaining around 45-46p for three months. Nothing changes where ENET will be in 2 years time and just more time for me to add at cheap prices. Just like with ITX where I spent a happy three months adding as the price drifted from 8p in early Jan 21 to 4.7p in March 21 21 and now stands at 11.4p. Never be unhappy with extra time to add at great prices. All IMO only and I may be wrong.
cyberbub: Outlaw an excellent post.These types of 'quick turn' companies that call themselves 'investors' are often known as "death spiral" dealers in the smallcap miner space, where they are usually responsible for forcing the share price down and down and down. However it seems that the prospects at ENET are demonstrably so good that the company has managed to break out of the death spiral. This gives 5G an even better deal, but to be fair also provides a quick and easy way to maintain capital inflows for ENET, as you say at not too heavy a discount and with no warrants and other nasties.
outlawinvestor: "Only" £750K left in that 5G well - exercisable until 2023! It might be subject to both parties but I can't see Ethernity turning their nose up just yet. I can only imagine 5G Fund will subscribe for the remainder as soon as they've flipped enough shares following which they can patiently await the next "leg-up" in the share price and issue a settlement notice. Part of me thinks Ethernity wrangled an OK deal with 5G Fund. Basically 5G Fund get less than 9% discount on their selected 5-day VWAP price. The discount on a placing will often be much steeper, plus it appears Ethernity struggled to attract interest back in July. A placing also comes with broker costs, is often sweetened with warrants, some of the placees forward sell their shares and since the placing price is well known the share price all too often falls below it!
purchaseatthetop: Astralvision....saw your post on LSE and it is interesting see below: No doubt 5G has been useful, but what I am questioning is is this the best method going forwards? Discounted shares that end up in the market. Far better to do a placing at minimal discount to institutions and holders who want to be in this for the long term rather than 5G flipping the shares, albeit it’s been done in a controlled manner. Beyond that, clearly things have changed and accelerated from last September. The initial agreement was for 18 months I think , sounds like we’re going to require the lot in more like 9 months. Looking forwards to hearing the reasons for the requirement for accelerated cash. Sounds like ENET didn’t see it coming but positively the agreement and with 5G’s consent the cash situation has been solved. Has Mark been caught out or prudent planning ? We wait to see. My view: Mark was caught between a rock and a hard place (in a good way). He needed to secure the liquidity to grow otherwise as shareholders we would have been facing the worst threat to shareholder value of a future placing/rights issue but not notice of the terms. Share price could not have risen like it has AND Mark could not have moved forward to prepare ENET for growth (I strongly expect a production facility RNS and it would have arrived already except for Indian covid19 crisis) The second segment of the £3.2m agreement (£1.5M) is subject to both parties consent so this cheaper part is now finished. If ENET need more money then dilution will be lower as the share price is higher and 5G can select 5 days in the previous 20 for their price. has been a great deal for 5G and it looks like they have been selling down certainly a million+ shares (hence locking in profit). But it has also been a great deal for ENET and us PI's. We could not be where we are now without 5G.
purchaseatthetop: My research of 5G Innovation Leaders Funds LlC (established just a month before the investment in ENET in August 2020) suggests that: 1) It is set up specifically for ENET and only ENET, and 2) The owners (secret) are the same high worth individuals behind lending to Tarana. I really do not expect 5G to sell one share. Why would they? They know exactly what the IP of ENET is and how Tarana relies on them. Long term strategic relationship cemented by co-owners. I fully expect 5G (or other nominees) to build a higher stake in ENET. All IMO but.....
escapetohome: Been negative here for some time PJ But the share price rises. Try to time your wisdom with share price falls. So far youve been proven wrong
greg the grinch: Hmm... I think the whiff of 2nd hand beans is about to fade. There comes a point where it is worth ignoring additional funding if it is at a small enough amount not to significantly negatively impact the share price I am starting to wonder if funding will be required at all. The management have a lot of skin in the game so hard to see they would be hiring etc if they were about to run out of cash and require a placing, which would further dilute their stake when we must be at or approaching breakeven/profit. 5g would not have done more funding if they were not sure it was a good investment - more specifically in an illiquid market, they would not expose themselves to holding shares they cant sell before another placing. I think the market is going to start to ignore potential funding and only look forward to the potential, and it is going to be a case of the bigger risk is delaying buying and being left out before a very quick rise hits on good news - it will then be too late to buy in decent volume. On breakeven or a small profit, plus decent forecasts, ENET will do ala CLX and hit £100m - but ENET has the potential to be much bigger. In summary, the requirement for additional funding is fading so the market will start to discount that risk and focus on the potential - on a risk/reward basis ENET is now getting better as each day passes. All IMHO and DYOR GLA
purchaseatthetop: outlawinvestor...I repeat your "hear hear". and add a solid "good boy" Find the company which is developing the services/products and has the right leadership, IP, staff and strategic vision - buy in early - leave the company to the service/product delivery for a number of years - ignore the share price as the value will arrive. In investing - less is more. Warren Buffett almost never sold. I rarely get excited about a company like I am becoming about ENET. Presently only ITX is on a par. I have £100k in ITX and will have £40k in ENET by Monday. That figure will rise.
Ethernity Networks share price data is direct from the London Stock Exchange
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