First time for a while I am able to sell automatically, been negotiated only for some time. 44.52. obviously I am not selling, just testing the market. |
Bit more comment here on the UK Gov site. Nothing new, but good to see nevertheless. |
Have certainly seen more interest here the last few days, albeit low volume.Seems the drip drip selling has gone. |
The stock market cannot be trusted to raise money for expanding business and will do so only on the same terms as lifestyle stocks and frauds. No small company in their right mind would list now. |
o/t I think SRT suffered from not doing a big raise at one of their share price highs, because it looked as if several serious investors were unnerved by the risks of a cash crisis, given they were being paid by governments.
Ensi’s debtors I hope will be a bit more predictable, but I would hate it if any sort of issue appeared because they managed hand to mouth with cash. |
Some good and valid points well put yump.The more I've looked, I believe it has a really significant opportunity. Unlike many companies that you, I and others know of, they are genuinely demonstr building revenue as opposed to promising the jam is on delivery!Personally, I wouldn't have a problem with another substantial raise, if they needed it, but it appears that they don't need to go down that route.Anyway, it's one of the questions I'll be asking later in the week, but I do feel on a risk/reward basis, particularly at these levels it's tipping far more to the positive for me. |
 Well I think ENSI comes near the top in terms of being worth investing in, amongst businesses that might need working capital.
Working capital seems to be an 'issue' with pi's, at least many on advfn.
Perhaps that is the result of years of IPO trash that get minimal contracts, but have a squillion market opportunity that they bang on about and the pushers push.
We want multi-million contracts, increased revenue and profits without increasing working capital. Perhaps that was possible in 1970, but things move faster now. You can't just create a small profitable business and expand slowly 5 years at a time. The opportunity will disappear. Especially in tech.
If posters can't cope with that then they should shut up, as it just looks stupid, even if they are anonymous.
ENSI has massively increased contracts. That's the key thing.
(So has SRT)
Either you go with the evidence that they might be about to become very significant businesses, or you don't and don't invest.
Mind you, quite often it seems that posters scared of placings also seem to push trash with no revenue. Funny that. |
Latest Allenby note from yesterday?- |
Dean44, you have a bit of a history in your posts. Here is a selection of your 58 posts since 2023:-
EXR Post 650
"Terrible update.
Huge revenue miss.
3.4m vs 5.3m forecast.
Burned through 4.3m cash in the year."
SNX post 746
"It could be Whitehall and Downing continuing to sell down. It could be a huge overhang for a long time.
300p next support on the chart. Below that 250p."
AGL post 26984
"Another terrible update.
In the interims they stated the plan was to get to cash flow positive in the second half of 2026, and the company was funded to execute the plan.
That has now changed to a cash runway into 2026 and the mention of getting to cash flow positive in the short term has been removed. Looks like another raise will be needed.
It also means they probably won't have 12 months of cash runway when they sign off the accounts, so going concern issues.
REAT post 1396
Hold onto your hats!"
Downbeat outlook.
Talk of macroeconomic uncertainty, subdued demand in specific end markets and rising operating costs.
NWT post 812
Terrible update. Everything down on last year and burning cash. Cash down to just £275k on 31 Oct, from £1.1m on 31 April.
ONC post 7
Shocking update.
Revenue was forecast at £6.9m for FY25. Now anticipated as £4m!
They raised £2.3m in October and the cash balance is already down to just over £1m, plus they have debt of £1.5m.
They are seeking 'additional finance to extend its cash runway'. Another fundraise so soon after the last??
BIRD post 24024
There is also the issue of funding.
They are burning £3.5m a year based on recent results.
They will need elevate to start adding reasonable revenue otherwise they will be out of cash by year end.
They don't have the cash to market elevate, compared to much larger rivals.
And then all your nonsense about ENSI
You might be right about some of those companies but judging from recent RNS' I'd be very surprised if you were right about ENSI. Surely there are better shorts or are you just trying to be Mr.Annoying. |
For normal people with better things to do please ignore the following post. It is intended for Dean44 who I suspect looks to short stocks or just annoy folk. |
You need your bumps feeling, but thanks anyway.They raised at 45p, and have signed 10's of millions of contracts since. Sorry to sound condescending but you are having a giraffe. |
I do not think it is investable in the current market with the funding concerns.
If they raised a big amounts and removed those concerns then it would be different. But that could be at much lower price. |
What do you have as fair value then Dean? |
I think it will keep dropping while they keep losing cash and there is the risk of another placing.
Allenby are forecasting an underlying £5.2m cash outflow in FY25.
We might get the H1 results later in February. We have already been told that revenues are expected to be second half weighted so I think they will show a large underlying cash outflow. |
The problem is they keep pushing out the timelines for cash positivity.
As recently as September Allenby were forecasting FY25 to be cash flow positive and for net cash to be £3.9m at the end of May 2025.
Now Allenby are forecasting a big cash outflow and net debt of £2.7m at the end of May 2025.
That's a £6.6m negative swing in the cash forecast.
Likewise in September Allenby thought net cash at the end of May 2026 would be £8.3m. Now they are forecasting net debt of £2.4m. A £10.7m swing! |
Agreed hp, and put better than I did. No buyers and an indifferent investment case for the short termer has these drifting. Even on yesterday's news we only climbed back to where we were last week.Needs a catalyst. |
Just to put some numbers on liquidity. 1.5% of the float turned over in January, and you can all see the daily numbers, which have been as low as £5k in a day. The share price is all noise and not much signal. No one is trying to get in or out in a big way. |
Just thought I'd mention, I now have a call lined up with management for Thursday. I'll add a link to my write up for interest after that, but it'll probably be late Friday or Monday of next week. |
Keep hobbling and feeding in these bits of info! It's all relevant to paint the picture here. |
Just looking around to see if there was any publicity after yesterday's announcement. There are plenty of articles mainly regurgitations of the RNS. I thought this was another then I spotted this which may be of interest:-
"Paul Morris, EnSilica VP RF and Comms Business Unit, commented: “This is a great opportunity to accelerate our chipset development enabling us to extend our portfolio of chips for the satellite broadband market with a focus on providing a complete solution for user terminals while reducing cost and power. We are now engaged with the key European players and I’m sure this further backing from the UK Space Agency will help us garner global interest in the unique products we are developing.”
Sorry I have nothing better yo do at the moment. Hobbling around on crutches and taking pain killers. |
Paraone3, I agree with your comments and grateful for your post.
I returned to this sector last year having last owned shares in a real tech company (ARM) a quarter of a century ago and am fascinated with the technology. Communication satellites is still a growing industry and the work ENSI does is very much needed. Look at the growth of FTC this year. It now has a mkcap 5 times that of ENSI.
With a world market of $12bn there's room for plenty of growth in this sector and that's just one of the four areas.
Looking forward to see how this company progresses over the next few years. |
GED5 I do not believe many people on this bulletin board realise how significant this funding RNS is to the future of Ensilica . This has open the gates to major revenues I the space communications business and Ensilica to be a Major Player . The funding is only part funded because, the rest supplied by Ensilica because they will own the IP on a 600chipset for satellite comms , worth approx 60k dollars . With a world wide market of 200k units start doing the Maths. I have no doubt that VCs in the US and Japan are already lining up to try and buy for Peanuts , the need to resist at all costs |
Following on from Felix's post 961 I checked out AST Spacemobile website and can see why satellite communication is going to be in demand and why Ensilica will also be in demand. Shortly about to go on holiday in a remote area with no internet and limited mobile network coverage. How useful would this be for such an occasion?
Also the UK government's commentary:-
Biggest problem to me is how long before they start crashing back down to Earth |
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