07-March-2023: I hold a small position in Pentanet (5GG) IRL and it's also either the smallest or one of the smallest positions in my Strawman.com virtual portfolio here.
Here's yesterday's announcement:
06-March-2023: 8:48am: Pentanet--Cambium-to-join-forces-in-accelerating-5G.PDF
On the back of that, Pentanet (5GG) rose +22.22% (+3c to close at 16.5c, and 16.5c was also their day-high-price).
Today they followed that up with:
07-March-2023: 9:37am: Pentanet-enters-into-agreement-with-Optus-for-cloud-gaming.PDF
Well stick a saddle on them and try to hold on, coz they were off!! They peaked at 28c/share during the day - which is +70% higher than yesterday's close (of 16.5c) and +107.4% higher than Friday's close (of 13.5c). However, they closed way down at 18c, only +9.09% up for the day (and one third [+33.333%] higher than Friday's close).
I was trying to buy more here during the past week because last Monday and Tuesday (the last two days of Feb) they closed at 12c/share, and that looked pretty cheap to me. When they rose +22% yesterday I cancelled that buy order.
After the market closed today they released two more announcements:
07 March-2023: 4:08pm: Pentanet-enters-into-agreement-with-Optus-(Amended).PDF [they added some material terms to their earlier announcement]; and
07-March-2023: 6:08pm: Pentanet-to-present-at-upcoming-conference.PDF
Good-O! Let's see what tomorrow brings...
Further Reading:
28-Feb-2023: 8:02am: Pentanet-Interim-Results-Announcement.PDF
The Pentanet Lamborghini Aventador: The Pentanet Aventador.... - Diamond Detailing Perth | Facebook
Internet Provider Perth - nbn™ Plans & Fixed Wireless | Pentanet
Plain Text Link: https://pentanet.com.au/
23-June-2022: PENTANET LAUNCHES NEXUS, PERTH’S NEXT-GEN WIRELESS NETWORK
5GG-23-June-2022-Pentanet-launches-neXus,-Perths-next-gen-wireless-network.PDF
Pentanet Limited (ASX:5GG) has achieved a significant milestone today with the commercial launch of neXus, the Company’s next-generation intelligent mesh wireless network for Perth.
Pentanet’s neXus, exclusive to Pentanet, delivers an ultra high-speed wireless internet connection through the air using an innovative mesh technology.
To date, the Operation neXus campaign has generated over 11,000 registrations of interest from people in the community keen to become part of the network. The expression of interest phase was used to determine areas of demand and lay the foundation for scaling coverage density across the Perth metro area. The Pentanet field team is continuing the targeted infrastructure rollout with neXus now available in Aveley, Ellenbrook, Osborne Park, Doubleview, Wangara, Pearsall, Nollamara, Yokine, Canning Vale, Padbury, Glendalough, Woodlands, Innaloo Scarborough, and Duncraig. In addition, Wanneroo, Balcatta, Stirling, Trigg, Morley, and Mindarie are anticipated to go live by end July 2022.
Pentanet has launched the premium Hell Fast plan offering for neXus, with unlocked speeds and unlimited data for $129 per month on a 12-month contract with a $0 installation fee and a Wi-Fi 6 Prism Edge router. To celebrate the official launch of neXus, the $129 Hell Fast plan will be available for just $99 per month, and customers can lock in this price for the lifetime of their neXus service. This offer will only be available for a limited time.
Pentanet Managing Director, Mr Stephen Cornish, said, “It’s taken us a significant amount of time and engineering resources to develop the technology into a product that can be commercialised at scale. But we said we would, and here it is - Pentanet doing Pentanet things. We believe the neXus technology will be disruptive to telecommunications and, after much research and deliberation, we have landed on an early adoption price point that we feel will also be disruptive and generate the growth in demand needed to support further expansion of existing coverage.”
--- click on the file link above to read the remainder of the announcement ---
Disclosure: I hold 5GG shares.
