ESK 10.3% 16.0¢ etherstack plc

Yep, agreed, was a good final report although nothing too...

  1. 55 Posts.
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    Yep, agreed, was a good final report although nothing too unexpected figures wise so wasn't surprised to see the SP stay relatively unchanged.

    The main points of interest for me was how heavily emphasised (in both the report and presentation) the change to the Samsung teaming agreement was and the limiting of the agreement to a specific number of opportunities. When it first was announced, there wasn't as much commentary from the company on this and I thought it may have been a bit of 'positive spin' when a line was added about this creating more opportunities.

    From the looks of this report and presentation, Etherstack seem to be really driving home that this was a positive move for the company and if they can pick up a few MCPTX contracts with Samsung AND with other providers (potentially with more significant revenue figures if working solo) that will be what will really drive the share price upwards. If we see 2-3 of these contracts announced in the next 12 months (very possible, maybe even probable) I see the SP trading in the $1.50-$2.00 region.
 
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