Ethernity Net Share Chat (ENET)

Ethernity Net (ENET) is an Israeli-based technology company that develops and markets software and hardware solutions for the networking industry. The company's products are used by telecommunications operators, internet service providers, and enterprise customers around the world.

ENET's share price has been on a downward trajectory in recent years, and the company has been facing a number of financial challenges. However, there are some investors who believe that ENET has the potential to turn things around, and they are continuing to hold onto their shares.

Recent news and developments

On October 17, 2023, ENET announced that it had relisted on the London Stock Exchange. The company's shares had been suspended from trading in July 2023 due to concerns about its financial viability.

In the announcement, ENET said that it had secured funding of £1 million from a new investor. The company said that the funds would be used to "support the Company's growth strategy and working capital requirements."

The relisting of ENET's shares was met with mixed reactions from investors. Some investors were optimistic about the company's future prospects, while others were concerned about its financial position.

Financial performance and prospects

ENET's financial performance has been weak in recent years. In the year ended March 31, 2023, the company reported a loss of £1.4 million. This was a significant increase from the loss of £0.5 million reported in the previous year.

ENET's revenue also declined in the year ended March 31, 2023. The company's revenue was £1.8 million, down from £2.2 million in the previous year.

The company's financial position is also weak. At the end of March 2023, ENET had net cash liabilities of £1.1 million. The company also has a number of warrants outstanding, which could be exercised for up to £0.5 million.

ENET's financial position is a major concern for investors. The company needs to raise additional funding in order to remain solvent. However, it may be difficult for the company to raise funding given its weak financial performance and prospects.

Latest chat from Ethernity Net share holders on the London Stock Exchange

Share holders on the London Stock Exchange have been discussing ENET's share price performance and financial position. Some share holders are optimistic about the company's future prospects, while others are concerned about its financial viability.

Here is a summary of some of the latest chat from Ethernity Net share holders on the London Stock Exchange:

·         RichardMaid: "I told you this was going south over a year ago. Sorry that I am right."

·         Joe_Bloggs: "What's gonna happen to PM and DL's shares at an average of well over 6p ?"

·         mcadder: "They are running on fumes, be surprised if they can get another placing away in the current environment, unless it's one that results in huge dilution at current SP."

·         bidnolid:"The fact this has relisted for now is not necessarily a good thing imo. When this suspended they stated on one line - "The Company's current cash balance is c. $107,000."

·         ripley94: "Back from a two day suspension and down 60% not looking good at mercy of creditors."

Conclusion

Ethernity Net is a company that is facing a number of challenges. The company's financial performance has been weak in recent years, and it has a weak financial position. The company's share price has also been on a downward trajectory.

Despite these challenges, there are some investors who believe that ENET has the potential to turn things around. The company has a number of promising products and services, and it has a strong management team. However, the company needs to raise additional funding in order to remain solvent.

It is important to note that investing in ENET is a high-risk investment. The company's share price is volatile, and there is a risk that the company could go bankrupt. Investors should carefully consider their investment objectives and risk tolerance before investing in ENET.