Pennant International – after last month “continued ability to convert new opportunities and win new international business”...
Writing on self-styled “a leading supplier of functional acceleration ethernet adapter cards” Ethernity Networks (ENET) last month, we concluded despite the shares down to 21.5p that they still a stonking sell with a rescue placing needed ASAP and recently-appointed joint broker VSA Capital needing to get to work or would Arden Partners have to lead from the front?… although its standing can't be helped by its role in the 2017 IPO at 140p per share! Today - quelle surprise - a “pleased to announce… placing and subscription”...
An “Update on IA Grant” announcement from Ethernity Networks (ENET) is actually that it has been informed that its grant application has been declined. The shares have currently responded to 21.5p, approaching 30% lower… but surely for what it states is “a leading supplier of functional acceleration ethernet adapter cards”, this is no major problem?…
On 29 June last year Israeli tech-company Ethernity (ENET) joined the AIM Casino at 140p. Today the shares sit at just 30.5p after a profit warning and dire results yesterday. What’s not to like?
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