Tom Winnifrith Bearcast: Am I wowed by the Skinbiotherapeutics presentation and what about the elephant in the room
Just over a week ago Ethernity Networks (ENET), describing itself as “a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks”, was “pleased to report” that its ‘UEP-20’ product “passed the field trials, with bonding successfully performed on a variety of products from multiple vendors, indicating the ability of the solution's interoperability and flexibility”. The announcement was though an RNS Reach i.e. “non-regulatory”, and I’ve stated the question to ask on such announcements to be ‘Is there a financial reason for such an announcement to now be made?’. Today a placing and subscription...
Ethernity Networks (ENET) is “very pleased” to have started receiving production orders for its Flow Processor FPGA systems-on-chip from American wireless broadband solution manufacturer Tarana Wireless Inc., and the shares have currently responded 10% higher to 33p. Justified?...
A “Delivery of ACE-NIC100 to Major Server Vendors” announcement from Ethernity Networks (ENET) and the shares are currently more than 6% higher, at 34p, on the back of it. But what does the news mean and what is its financial import?...
An “on target for 2020 & positioned for growth in 2021” update from telecommunications networks technology company Ethernity Networks (ENET) – and the shares currently more than 20% higher in response, at 26p. But what is the “target” and what is the “growth” it reckons it is positioned for?...
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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