Ensilica Share Discussion Threads

[babbler] 28/2/2024 07:25

That rns should shift some placing shares....

[powereddrones] 27/2/2024 17:27

RE: 208

You fought in the dotcom wars?

Tell me about Filtronic please. All I can see is that it went from £5 to £20.

[valhamos] 27/2/2024 17:23

lord loads of lolly - if the market was willing to value the company at £57.4m this morning why do you think it should now be valued at only £42m??

[dickiebird2] 27/2/2024 17:11

I think it will retrace back to around the 50p mark 1 , placing 2, look at the chart. Just my thoughts nothing goes up in In a straight line !!

[lord loads of lolly] 27/2/2024 17:03

valhamos - you don't seem to have grasped the fact that this placing is likely to knock the share price back towards the 50p raise price.

[valhamos] 27/2/2024 16:41

This morning with 82m shares at 70 pence the company had a market cap of £57.4m. Adding 2.23m shares with the placing gives 68 pence per share. Those who were suggesting the share price would be 50 pence do not seem to be very good at arithmetic.

[lord loads of lolly] 27/2/2024 16:39

longtallsally- I agree with you. Though I'm not a holder here, I've been watching Ensi since it was recently highlighted elsewhere.

This placing looks a bit underhand & concerning to me. It hasn't raised that much capital given the short term cashflow pressures highlighted yesterday. It has cost approx. 10% (raising £1m, yet costing c. £1.115m pre-expenses).

Most importantly, the dilution is at a share price of 50p, which largely fails to reflect yesterday's strong re-rating following the company's trading update.

Clearly, the factoring arrangement is still some way off being agreed and wouldn't have been sufficient anyway to fully plug the current gap. Otherwise, why not just wait for that? Rather than dilute, offering mates' rates to line the pockets of the least-deserving (i.e. the City brigade)?

[pj84] 27/2/2024 16:28

Small investors won't be involved in the placing Allenby Capital has already got the investors lined up pending the passing of the resolutions.

[paraone3] 27/2/2024 15:54

Can’t see it falling back to much , because the placing will be oversubscribed , because this company has so much potential going forward . Just a pity that institutions will take 99% of the placing and small investors virtually nothing and will have to buy at a premium price.

[john09] 27/2/2024 15:50

Actually just read about the pipeline. FairPlay 👍

Reminds me a lot of Filtronic back in the day

[zydecoco] 27/2/2024 15:25

Will fall back to 50p progressively

[irondick] 27/2/2024 15:23

You know why now? MMS sucking people in

boadicea26 Feb '24 - 09:01 - 186 of 205

About 10x a normal day's trades and volume in the first hour today.
Could point to overheating with a potential for subsequent retrace - but don't bank on it.

[john09] 27/2/2024 15:20

Red flag

“ Net proceeds of the Placing will provide additional working capital for the Company, alongside expected receipt of customer payments and R&D tax credits”

Are customers late in paying? Relying on tax credits for working capital ?

[amt] 27/2/2024 15:15

They clearly don't need more than 1.1 million which is tiny dilution.

[bbd2] 27/2/2024 15:02

Typical “The Times” tip reaction. lol

[1c3479z] 27/2/2024 14:58

seems they need to support the balance sheet and cash flow pending receipt of the delayed research credit from HMRC and the uncertain receipt of the debt outstanding from December so only a small raise to tide them over hopefully.

[longtallsally] 27/2/2024 14:48

Should fall back to 51/52p.

They should have done a larger raise imo as how long will £1.1m last! So we know another one won’t be that far away

[lawson27] 27/2/2024 14:33

Doh! me and my big mouth

[longtallsally] 27/2/2024 14:32

And this is why you should always take handsome profits with these type of companies who need funds. This raise won’t last long either so expect more, which makes it a tough mid term trade but it can still be traded over and over if you have swift feet.

[beatme1] 27/2/2024 14:30

Placing 50p

[beatme1] 27/2/2024 14:30

How about now

[lawson27] 27/2/2024 11:06

What an amazing recovery run from 30s, not even a stutter at 60s! happy days, GLA

[gopher] 26/2/2024 14:38

Very positive investors meet presentation and Q&A this morning. Cash will remain tight for the next 12 months until recurring revenues kick in; company ok with Allenby forecasts and then increasingly happy days. Margins and markets very solid and financial control is evident.The impact of AI explained as AI at the edge, need data centres to run NVIDiA but there will be a role for chip designs to integrate AI in field based applications. Added to existing holding, we are near 2 years from IPO and the maximum risk period for this company ( and any new AIM listing) has past so 25% premium to IPO is fair enough particularly as no obvious allowance for sector tailwinds

[j777j] 26/2/2024 14:27

htTPS://www.cnbc.com/2024/02/26/samsung-galaxy-ring-specs-features-release-date.htmlThis is the type of product that Ensilica is in and the growth trajectory of IOT and AI related products is massive

[j777j] 26/2/2024 14:20

Excellent co and one of the few British hopes to ride the AI revolution. I have little doubt it gets taken over by a much larger player.It would enable them to be massively larger and not have to walk away from $200 million contracts as mentioned on the conference call.The half a billion of possible business will show a suitor the potential here.