Sondrel (holdings) Share Discussion Threads

[researchguru1] 05/5/2024 08:41

JH, by way of background, I investigated both scenarios (an institutional investor exit, and an institutional investor entry) and came to the conclusion that the latter was probably the most plausible based on the past three days’ trading pattern (Buy and Sell volumes against the ‘real’ mid-price).

Of course, there’s always the scenario where a ‘Sell Order’ was placed six days ago and was being worked through during the past four days? In this scenario, your conclusion would have some weight, albeit the absence of a material drop in the share price, for that number of shares, seems odd considering the tight free float.

Either way, both scenarios are extremely bullish for the company:

a) An institutional investor exit means that, a large stock overhang has now been removed.

b) An institutional investor entry, on the other hand, means that, the free float just got tighter and the battle for the company is well and truly on.

Thus, I have a strong feeling that, the share prices we are witnessing now will be a distant memory in short order.

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[tsmith2] 04/5/2024 20:52

overhang cleared, 2 large delayed trades reported after close

[john henry] 03/5/2024 22:10

Hate to dampen your fire m8 however they were all sells. probably another institution cleared. Reason why the price started to recover as the overhang was cleared.
aimho
Anyway all in the price now at 4.15p mid

[researchguru1] 03/5/2024 20:57

Today's late reported share purchases of 2,500,000 and 1,350,046 shares points to an inflight of some serious money.

In fact, adding to the share purchases of 1,000,000 and 500,000 shares - ALL PROCESSED BETWEEN 11:00 and 11:18 - a total of 5,350,046 shares, or 6.12% of the company's issued share capital, was snapped-up today!

That's a total spend of £214k! On a £3.5m (market cap) nanocap!

Brace yourselves; things just got a tad more interesting.

[someuwin] 03/5/2024 16:21

Can't buy much over £2k.

[john henry] 01/5/2024 13:55

Your missing the point Rox want SND and when the loans are converted, funding completed they will own a controlling interest. They will then be duty bound to offer 10p to the remaining shareholders or take SND private.

[washingmachine] 01/5/2024 10:07

Let’s look at a possible de list
Imo won’t happen , but let’s say it happens
I certainly will not be selling unless the share price is 20 pence plus
They lasted 20 years private
So why wouldn’t you carry on the journey?
Listed or not
At 4 pence it’s 5X undervalued compared to comparable, and that’s a very very conservative valuation
Due to the fact they are pioneers in Chip design
ARM founder Mike lynch WAKE UP !

[researchguru1] 01/5/2024 08:16

Washingmachine, like SM1, your numbers and rationale are quite plausible.

Overall, I'm genuinely expecting a bullish outturn for the company's share price over the coming days, weeks, and months.

[researchguru1] 01/5/2024 08:10

POSTED BY SM1 ON THE LSE BB

For those unaware, the latest ‘Significant Shareholders’ data has been published on the company’s website. The data was updated on 19 April 2024 – the day our Interim CEO and CFO unleashed their wallets.

The updated data reveals the ‘forced’ (statutory liquidation requirement) departure of Joh. Berenberg, Gossler & Co. (4.66%) and Herald Investment Management (4.16%). They join Perpetual (3.95%) and CRUX Asset Management (4.51%) who exited shortly after the delisting announcement on the 28 March 2024.

Otus Capital Management (4.75%) and Lansdowne Partners International (4.51%), on the other hand, emerge as the only remaining institutional investors in the company, albeit with reduced stakes.



This means that, including the sold-off stakes of the existing institutional investors, a significant stock overhang of some 20,369,846 shares (23.29% of the issued share capital) was worked through between 11 April 2024 and 18 April 2024; a period that saw 22m shares change hands and a share price under sustained pressure.

And the resulting uptrend in the company’s share price, from the 22 April onwards, confirms the removal of the stock overhang.

Of course, most of that stock appears to have been mopped-up by private investors (‘Longs’); none of whom hold notifiable stakes in the company. This, in turn, means that, an estimated 38% of the company’s stock is now held by ‘Longs’, whilst the BOD and the two institutional investors hold 57.76% resulting in a narrow free float of some 3.5m shares (4% of the issued share capital).

It goes without saying, a free float of that size means that, any sustained buying pressure is now likely to put a rocket under the shares.

In the meantime, and following last Friday’s takeover of Darktrace by the Chicago-based, private equity firm Thoma Bravo, the UK has now become the ultimate fishing pond for US companies and investors looking for outstanding, GROSSLY UNDERVALUED, British tech companies:









AIMHO

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[washingmachine] 01/5/2024 07:09

Yesterday I spent time
Assessing the share register comparing to daily transactions etc
My conclusion is :
Free float is under or about 3 million shares yes 3 million 120 k worth
Now think back to GameWorkshop Nasdaq
VW German listed
SND has the perfect set up for this to occur
I’m not sure ROXI has taken this in to consideration
Just one positive tier 1 contract in the bag / and released
Which we all know are in late stage negotiations
Would cause a significant re rate.

[washingmachine] 30/4/2024 08:52

REDX pharma
Now 6 X investment for Mwah
Very similar situation to here.

[washingmachine] 29/4/2024 19:41

Just one more point:
You are one of the components on Advfn that’s turned it in to such a Ses pit
Unfortunately.
A Charlatan
Your history says all !

[washingmachine] 29/4/2024 19:38

JH
You really should not be self investing
Not only because of your track record
But your complete misunderstanding and ignorance of what’s happening.
But if it makes you sleep at night ..
bravo 2 ya FILTERED

[john henry] 29/4/2024 19:25

Washingmachine SND will absolutely be delisted and go private.
After the fundraise ROXI and Curren will own around 75-80% of the company.
Delisting nailed on.
Not only has Curren shaft shareholders hes shafted himself, going from a company he owned and started 20 years ago to eventually becoming a minority holder with a job in the back office.

[washingmachine] 29/4/2024 18:15

JH you are writing nonsense again
It’s starting to irritate me.
For others
REDX listing News today
Will be relevant here , if the case arises SND gets delisted
Imo we won’t !

[john henry] 29/4/2024 17:30

It is anticipated that a Cancellation resolution will be put to Shareholders within six months of completion of the Fundraise.
IMHO the resolution will be put to shareholders within weeks of the fundraise.
ROXI will want to take SND private ASAP and afford any BIDS.

[source] 29/4/2024 17:21

Lot will happen in 6 months ;)Trade buyers won't wait.

[bensdad2] 29/4/2024 14:40

It is not a fortune of course - only about £5k worth. But still ...

[bensdad2] 29/4/2024 14:38

More good news. Another senior exec buying shares. Shows that the management team are committed to the company, and that they consider the shares are cheap.

[john henry] 29/4/2024 12:41

Source the only news that will move the share price is an offer for the company.SND is going private, market/Investors simply not interested.

[source] 29/4/2024 08:35

Customer delivery continues well. Hit Tier-1 customers milestone. Reward Payment inbound?! With its £165m order book the ongoing delivery of its customer orders is encouraging (& under appreciated! ;)

[tsmith2] 29/4/2024 08:03

good news, if you are still holding (like me)

[researchguru1] 26/4/2024 13:08

Washingmachine, I agree.

“Darktrace has been regarded as one of the London market’s few great tech success stories and the merger will hammer home the crisis facing the London Stock Exchange.”

“Darktrace should be a proper wake-up call to government. This is our leading tech company being acquired by US private equity,” said Charles Hall, head of research at investment bank Peel Hunt.”







And though only 9 weeks old (the article below), and in terms of UK tech successes, the similarities with the above, and below, are striking:

“British success story: Sondrel is just of only a few companies outside Asia that are capable of designing and supplying the most complex chips.”

“Neuralink called on Sondrel for its expertise in designing the most complex chips, known as ASICs.”

“A source with knowledge of the project suggested Sondrel played a key role in assisting California-based Neuralink, which successfully implanted a chip in a patient's brain for the first time on Sunday.”

“Sondrel solved a problem that others could not, and that was necessary for the finished product, so it played a pretty significant role,' the insider told MailOnline.”

“The firm's role in Musk's pet project comes amid a broader debate about the UK's ability to fund and grow major tech and artificial intelligence (AI) companies without them moving abroad for higher funding.”



From my viewpoint, a hostile approach from a US suitor is now a real possibility.

An absolute steal at these prices!

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[washingmachine] 26/4/2024 12:42

Todays DARK affect may come here
USA buyers are definitely scouring UK stock