Ensilica Share Discussion Threads

[gopher] 11/6/2024 11:35

They still have monies from the warrants issued at 40p which will be presumably be exercised. The slow drip of issuance puts the lid on the share price for 2024 IMO. I don't see the directors as necessarily having the money to participate in new issues but I do see them wanting to avoid dilution of existing holding, which I think is part of the explanation for what's happened.

[longtallsally] 09/6/2024 12:10

Yes there will be further fundraises, I have no idea why they don’t just do a larger one and be done with it. The last raise was so small to be redundant

[premium beeks] 06/6/2024 13:22

Thanks for that

[mister md] 06/6/2024 13:08

I considered buying this and tucking away, but then I decided to await further progress first and I'm not convinced there won't be more fundraises to come - I noticed the relatively small director participation in the most recent one ...

[crosswires] 06/6/2024 09:19

Just the normal movement of share price, I don’t believe it was indicative of anything and a few pence rise after a big fall is not unsurprising. Best to ignore the daily movements and tuck this one away for when they start making a few million a year profit and no longer need these regular fund raises as that’s when we will see the share price motor…

[multibagger] 06/6/2024 07:18

Good morning all :)

Possible sector read across contributing to the ENSI uptick - Nvidia crossing a $3 Trillion market cap I guess !

[dickiebird2] 05/6/2024 16:37

Looking good here again !

[valhamos] 04/6/2024 13:25

Doesn't this happen every time there is a placing? Surely it is just reverting back to the implied price (see post 312) rather than the artificially low placing price?

[premium beeks] 04/6/2024 12:57

On the move now.Would be interesting to know the context behind it. People realised it's well undervalued or something more solid has leaked?

[boadicea] 30/5/2024 14:19

gopher - Ditto!
The rules can get complicated when large nominee holdings need splitting to the individual clients.

[gopher] 30/5/2024 11:36

I applied but after reading this announcement twice I have no idea of the scale back. Agree good news for PI and Co.

[premium beeks] 30/5/2024 07:46

So overly subscribed. Good news.I didn't participate, but it's good news. Should underpin the price somewhat.

[boadicea] 28/5/2024 16:52

The WRAP offer was notably unambitious. While this avoids the potentially depressive influence of a flop it also implies either that little interest was expected or that it was included only to avoid the criticism of retail exclusion - pehaps both!

Neither conclusion is particularly encouraging and one is left with the impression that the company's financial approach lacks imagination and possibly finds self-promotion an avoidable chore at the retail level.

The WRAP outcome should be known after tomorrow.

[gopher] 27/5/2024 12:52

Perhaps too negative in last post as this is a price that institutions are willing to pay and EnSilica have created a buyers market with previous mini raises. Often a good entry point for private investors particularly as funds being used to expand the business. Size of the retail offer indicates low private investors interest another good sign imho.

[gopher] 27/5/2024 12:07

I have applied for extra shares from the retail offer on much on the principal that I want companies to adopt this approach rather than any huge belief it's an opportunity. Still it's cheaper than buying in the market. As we all agree that this period of fundraising has not been handled terrifically well let's home it's the last for a while.

[crosswires] 24/5/2024 15:28

They would have been better off doing one larger one instead of a series of raises, they are pointlessly small and the downside is that it hurts investor sentiment as they know another is round the corner.

I filled the rest of my ISA allowance as I agree the drop is ott, almost a share to leave for two years and come back.

[valhamos] 24/5/2024 14:45

At yesterday's price of 55 pence the company was valued at £48.4m. So with no new news other than extra shares the price should be 50.4 pence today. The fact that it is lower is a reflection of market irrationality which often happens with these share placings - I cannot see the price discount lasting long.

[gopher] 24/5/2024 14:26

Exactly and they have delivered on their promises to date; the capital raises have depressed sentiment but perhaps they naively thought that's what an AIM quote would allow them to do without trashing the share price

[valhamos] 24/5/2024 11:41

owenski - the statement about "reduced margin overall" in FY24 was merely a repeat of what was in the 14th May trading update for the year ending 31 May 2024 - so nothing new.

Worth concentrating on the statement that "the Board is confident of delivering revenues in excess of £30 million and EBITDA in excess of £5.0 million for FY25."

[crosswires] 24/5/2024 11:21

A nightmare share until it gets enough coffers to not do this constantly

[mpg] 24/5/2024 09:53

In this morning. Two buys, both show as sells. I don't believe the new shares list until Tuesday so I guess the mid market price today is slightly distorted.

[premium beeks] 24/5/2024 09:48

Mark Hodgkins
Executive Chairman
Mark is a Chartered Accountant. After time with KPMG in their Latin American practice working on investment funds, insurance and offshore financing, Mark became a Partner with Grant Thornton and then Ernst & Young (1996) specialising in Strategy for mid-sized private companies. He advised on corporate transactions, worth in excess of £2bn. Since 2005 Mark has focussed on assisting SME’s with their corporate strategies. Mark focusses on the development of businesses by engagement of all stakeholders, promoting a transformation.

Also

Mark Nicholas Hodgkins is currently the Executive Chairman at EnSilica Plc and the Managing Director at Advanced Interactive Materials Science Ltd.
He previously worked as the Chief Executive Officer at Morris Site Machinery Ltd., Managing Director at Alycidon Capital Ltd., Chief Financial Officer & Director at Trackwise Designs Plc, and Managing Director at Process Systems International Ltd.
He also worked as a Partner at Grant Thornton UK LLP and Ernst & Young LLP (United Kingdom).

I think his credentials are slightly bigger than the one company that is in administration. I've no worries there.

[slicethepie] 24/5/2024 09:39

Remember the chairman has serious history, look at his tenure as cfo at trackwise which is now in administration.

[owenski] 24/5/2024 08:57

Directors stumping up approx £4500 each, what a commitment.

This wasn't an encouraging statement either -

"However, during the second half of FY24 the mix of business changed reflecting the slower economy and the impact that had on the start of new supply contracts which are now expected to begin in the first quarter of the financial year ending 31 May 2025 ("FY25"). This change in sales mix led to a reduced margin overall although the Board is confident that this will not persist into FY25."

Avoid IMO.

[valhamos] 24/5/2024 08:52

Agreed. Just bought more at 45.22p