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Hopefully the beginning of many in multiple countries. A good start to the week!
A good chunky contract for a new product in a new market.
Based on the very high probability we will receive a quantity of new contracts within the next 6 months (as we are already seeing) and the possible upsizing of current contracts (as Enet has hinted at), we are clearly going to blow the $10m revenue for 2022 out of the water - double that imo!
Kitlow. On what we knew prior to this contract we can expect $25m.
The Chinese market is just starting to boom and they can expect huge sales.
good news - good times
well done all at Ethernity
That 36p offer is going to get taken pretty quickly I think..!
I expect 2m i to 2022 and 1m into 2023
Someone didn't want to wait .. 10k bought pre open
Sergi it's a initial order so like Tarana will get increased prior to delivery. The market for this product is only going to get bigger.
These numbers aren't really any indication of where it will go.
I've been an analyst for just under 20 years and I don't think I've ever seen such a disconnect between known revenue/prospects and the SP of any company - especially in such an exciting and financially explosive industry as Enet is in. TL, there are lots of unknowns and variables but yes I'd agree $25m in 2022 looks a little short to me.
Tracy, yes I know.
But you also know how I forecast the short term. And you also read my article, so I think you know how I project the long term.
sergi
is there a link to your article please?
Topped up 3 times this morning. I strongly believe we will look back in a few months and say wow was this really sub-40p! Within 6 months to a year I think the SP will be somewhere in the 60 - 80p range so even at my pessimistic estimate that’s a 50% return from here. GLA and DYOR
I'd have put good money on this being over 40p today, maybe will take a few days..
It always takes a few days for any value to attach, especially with anchors like 5g IF and a cheap placing dragging it down.
The payment structure with agreed delivery schedules means that it's for a planned deployment rather than general sales. There will be more.
Sales will come from Integrators, OEMs and third parties.
I'm pleasantly surprised to have been able to buy more @37p today.
The contract announcements today provide strong evidence in support of the bull case. And yet the SP still hovers not far above the placing price. There's so much potential here, feels like the market is yet to catch up.
The importance of the RNS is that it's in China. Despite the Beijing cold shoulder Ethernity are doing business. The TietoEvry collaboration will drive huge future revenue
Proactive interview
https://m.youtube.com/watch?v=VZHS9RH83iU
‘We (enet) are a long distance runner and we are at the finish post’
Direct quote from David . Lovely stuff
Great stuff 01234, thanks for the link.
Great RNS day again for us & Proactive interview, all adds to the story.
Still plenty of sellers getting flushed out too, can only help in the long run