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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ensilica Plc | ENSI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -2.11% | 46.50 | 10:20:55 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 47.50 | 46.50 | 47.50 | 46.50 | 47.50 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 06/12/2024 12:04 by hpcg Agreed, any direct shareholder returns should be a long way down the list of uses of capital for years to come. Likewise debt should be increasing now and for a few years; it is how companies grow. Investors in the UK seem to have forgotten how growth works, though perhaps generations growing up with the megacaps will be more tuned into the mechanisms and concepts.Many jaded local investors seem unable to distinguish the different types of non-self-funding companies, putting all smalls into the same bucket. Those that have growing revenues and product or products with traction are totally different to those with no sales but a promising idea. Nor are either like the lifestyle companies which many of the latter turn in to. In this day and age that early stage companies shouldn't be on the stock market at all, it is for VC to take on that risk. Back to ENSI - the market clearly liked the mention of upfront payments, and the "doing what we said we were going to do" in terms of contract awards. The mountain of gravy(!) that is the supply period is really starting to build. The portfolio is expanding and success breeds success, where companies find it much easier to award contracts to established providers. Looking at the chart I would think the correction is over with very likely clear progress over the low of January this year when we come to lap. The March high is a tougher hurdle and that is going to be very dependend on broader economic conditions and London market sentiment. |
Posted at 03/12/2024 11:40 by peterrr3 I think if they were up front about taking 4 years to break even from listing they would have garnered a bit more respect and tolerance, even from us trash buying AIM and maybe attracted investors with a slightly longer term view. Nope, they need to share the blame, not shift it. |
Posted at 28/11/2024 09:39 by joeb12 The share price was depressed because of the fear of a placing following the results RNS.This fear has now clearly been dispelled in the investors presentation. Onwards and upwards into the 50’s should be the proceedings. |
Posted at 12/11/2024 11:22 by paraone3 Now that the year end figures are out , all the bolshie trading will now Die down and serious investors will look at what was delivered , what they said on the packet was delivered . Rolling forward 2yrs they are forcasting £30m and £4.9m and £38 and £8.9m , if they achieve this maybe the market will take them seriously , possibility off major contract wins in the next 2yrs if so then sky is the limit, things have a habit of moving fast in the Semiconductor industry. |
Posted at 11/11/2024 09:00 by j777j "At conference call,they said the expect another 3 deals to be signed by yr end and that would give further confidence they will not need additional funding.I guess as a result of the upfront payments."One done and with a very interesting company UK photonic networking startup Oriole Networks has raised $22 million to scale up its technology. The University College London (UCL) spinout has garnered the cash in a funding round led by VC group Plural, with existing investors UCL Technology Fund, XTX Ventures, Clean Growth Fund, and Dorilton Ventures all contributing. Founded in 2023, Oriole uses photonics technology to create networks of AI chips and combine their processing power. Not only could this speed up the training of large language AI models, but it may also cut data center power consumption, the startup says. Oriole Networks was founded by CEO James Regan, who previously built another optical systems company, EFFECT Photonics, with the support of UCL scientists Professor George Zervas, Alessandro Ottino, and Joshua Benjamin. The company’s IP was developed at the university. Regan said: “This funding is yet another milestone for Oriole following a year of rapid pace and growth. This is a booming market desperate for solutions and our ambition is to create an ecosystem of photonic networking that can reshape this industry by solving today’s bottlenecks and enabling greater competition at the GPU layer. “Building on decades of research, we’re paving the way for faster, more efficient, more sustainable AI.” Ian Hogarth, partner at Plural, will join Oriole Networks. Hogarth, who led the UK government’s AI taskforce in 2023, said: “Applying 20 years of deep research and learning in photonics to create a better AI infrastructure demonstrates how much more innovation there is to come to help reap the benefits of this technology. |
Posted at 08/11/2024 11:56 by yump That quote was pre-float, maybe an indication of some shareholders wanting an exit. I haven’t looked back to see what holdings changed after float.Perhaps the float timimg didn’t give the opportunity they wanted, so they’re looking outside the depressed UK market for new large investors. |
Posted at 07/11/2024 14:09 by yump It would be interesting to be a fly on the wall during float conversations, to find out if other funding routes are unlikely or not possible or not sufficient, or just too hard work.Unfortunately the area is badly tainted by financial “operatorsR The story will always be that the opportunity will go missing unless they move fast. |
Posted at 07/11/2024 13:30 by valhamos I'm going to have to disagree with the idea that Ensilica IPO'd too early. The company wanted funding for its planned growth in its design and supply business. If it waited until it didn't need the funding what would then be the point of an IPO? And where would it have got the funding to grow if not from the stock market? Surely that's the primary purpose of the stock market? I guess too many private investors think the stock market is there just so they can watch share prices moving up and down. |
Posted at 19/10/2024 06:50 by simon gordon Reading the FT piece below from April 23, which mentions Ensilica and Sondrel, would it be fair to say that Sondrel collapsed due to overreaching?Ian Lankshear, at 56 years old, brings to mind the characters from the 1960s TV show Joe 90. There’s something about his persona that feels reminiscent of those science-fiction-driv Did Sondrel fail on AIM due to bad luck or bad leadership? Is Ian Lankshear lucky and a highly skilled leader? FT - April 23: Chips with everything — but UK manufacturers are scarce Could small semiconductor groups be worth a punt for investors? In the 1980s, when Arm, the UK’s flagship chip architect, was a titch called Acorn Computers, a car might contain three chips. Today it has 2,000-plus and when semiconductor supplies ran short during the pandemic, the car industry stalled. The demand for ever-smaller, evermore powerful microchips is unstoppable whether economies tank or banks melt into crisis. “Chips are more important than oil,” says Ian Lankshear, chief executive of Aim-quoted chip designer EnSilica. Consultant McKinsey predicts chip sales will reach $1tn by 2030, driven by three sectors: automotive, computation and data storage, and wireless. Even eight years ago, when Arm was valued at about £15bn, I only half believed Simon Segars, Arm’s then chief executive, when he talked of the “internet of things” and the demand for smart toasters and even smarter phones. But I did believe in Arm’s strategy of charging customers royalties and licensing fees for must-have processor designs. Now politicians lament that Britain will lose its only big semiconductor success when Arm relists in the US at a mooted value of $40bn. They fret the UK will be forever squeezed between US device makers and Asia’s manufacturing behemoths and dependent for key strategic components on a global chain buffeted by geopolitics and geoeconomics. Tellingly, Joe Biden recently provided $39bn in funding for US semiconductor manufacturing and $24bn worth of manufacturing tax credits via the Chips and Science Act. Still, a report by Geoffrey Owen (former FT editor) for the Policy Exchange says the UK has built niche strengths and competitive advantage in designing compound semiconductors for specialist applications in, for example, defence and telecoms. That made me wonder whether Acorn-sized chip designers are lurking unnoticed on the UK market. Not many, says Bob Liao, analyst at brokers Zeus Capital, gloomily. The UK will always struggle against overseas enterprises backed by indulgent governments and deep-pocketed financiers. Tech start-ups have it tough in Britain, agrees Graham Curren, chief executive of Sondrel, designer of application-specific integrated circuits (Asics). The orchestrated rescue of the UK arm of Silicon Valley Bank only highlights the gap in funding for Britain’s high-tech hopefuls. The problem, tech entrepreneurs complain, is UK investors over-focus on returns on capital, are suspicious of cash-hungry companies jostling for a footing in a competitive industry and sell out too quickly. Readers may recall Dialog Semiconductor, which was flogged to Japanese rivals in 2021. In 2016, Arm was sold to SoftBank of Japan for $32bn, or about 24 times earnings. Wolfson Microelectronics was picked off by a US competitor for about £300mn in 2014, the same year that Qualcomm scooped up Cambridge Silicon Radio for $2.4bn. And then there was Imagination Technologies, once one of the UK’s biggest listed tech companies, which crumbled when Apple stopped buying its IP. It was sold to venture capitalists in 2017 for about £550mn. Investors will counter that, all too often, chip designers struggle to tot up their revenues from partnerships and complex multiyear licensing and service contracts. Arm-wannabe Alphawave IP, the Toronto chip creator which floated shares in London at 410p in 2021, has not seen its stock recover since FT Alphaville questioned sales linked to related parties. Its shares are about 120p. Patchy earnings and multiple cash calls have persistently tarnished Cardiff-based IQE, which manufactures wafers for fibre optic sensors. The shares at 25.85p are far off 2018 highs of 170p. That said, Sondrel and EnSilica, 20-year old semiconductor veterans that have both made junior market debuts in the past year, are intriguing. Berkshire-based Sondrel works with clients in futuristic sectors such as automated cars and artificial intelligence. It ran into losses during the pandemic and now wants to break into overseeing production of its semiconductor designs. Growth is constrained by headcount, says Curren. Seeing a chip through to manufacture leverages the skills of engineers, potentially magnifying revenues at little extra cost. A client will spend up to $30mn for a design and perhaps $100mn to take it into production. EnSilica, like Sondrel, is an Asic designer of chips mixing digital and analogue signals — for use in cars, broadband satellite communications, insulin pumps and heart monitors. Both Lankshear and Curren see opportunities as European and US customers take control of supply chains, bringing production closer to home. Broker Allenby Capital forecasts EnSilica will earn £500,000 pre-tax by 2024 on sales of about £23mn, against £15mn in 2022. Broker Cenkos reckons Sondrel will make £2.4mn pre-tax profits in 2024 on revenues of about £40mn up from £17.5mn in 2022. Sales could double again by 2025. I don’t downplay the challenges. One of the biggest is recruiting talent. Chip engineers are scarce and both Sondrel and EnSilica have ranged far to secure scarce skills. Keep in mind CML Microsystems, another mixed-signal chip designer that has recently switched to Aim after years languishing on the main market. It has cash, pays a dividend but still only raked in £17mn in sales in 2022, making £2mn in adjusted pre-tax profits. Its shares, valued at close to £90mn, have just returned to 2000 levels. I accept that investing in smallish chip companies is a leap of faith. While oaks do grow indeed from acorns, they do so slowly, and none may grow as mighty as Arm. |
Posted at 14/10/2024 12:37 by homebrewruss Seems based on small sample size of twitter traders/investors that a number of UK investors have moved to cash until after the budget |
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