Sondrel (holdings) Share Discussion Threads

[gopher] 28/12/2023 19:33

founders don't want to give up 100% control and their knowledge can be difficult for others to break. witness the resignation of the finance director here. Here a new senior team is needed with GC demoted to a senior role like technical director. New CEO a permanent finance director are a necessity if not already too late. Staff will have spent their Christmas revamping their CVs

[papillon] 28/12/2023 18:33

Glavey 22 Oct '22 - 15:20 - 3 of 223
0 1 0
No brainer. Amazing potential, could be worth £1b in five years!
It's bound to be taken out by one of the big boys sooner or later.
US sales just opening up. Winner, winner! This will multi-bag for sure.
Check out the website. It's the future!

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

🤣🤣🤣🤣9315;🤣ԍ15;🤣🤣;🤣 What a ramping Pillock!

[slicethepie] 28/12/2023 17:41

This is a common feature across many uk tech cos that fail, typically the founders won't accept the necessary dilution until it is too late. The only possible white knight is herald who have in the past offered a convertible loan to companies in a similar situation and they own 5% of this

[gopher] 28/12/2023 17:22

Graham Curren stills owns 44% of the equity and has clearly run this in the same way on the public markets as when it was private. As far as I can tell it was all a little hand to mouth before AIM admission but the monies received should have put this on a stable growth trajectory. That hasn't happened but there is clearly a business of value in here but I am not sure that Sondrell PLC is worth anything and clearly there is a major risk of administration.

[monster500] 28/12/2023 17:03

I do not Pump up prices. DIDN'T TAKE YOU LONG TO COME OUT OF THE WOODWORK. I for one bought more today?. We all see things differently.

[source] 28/12/2023 16:40

Was I really de-ramping hey Monster500??!!You seem to be awfully quiet after your prior pumping on here Monster500 old boy! LolGuess now we know why Siemens was so desperate to get out before many others now down much lower!!

[amishp67] 28/12/2023 15:55

The fact they can't pay their staff wages... shambles! This company is a gonner (sad because it had such great potential). And probably does but will probably end up being diluted with someone else benefiting from this mess..seen it before unfortunately (never a good sign)

[hedgehog 100] 28/12/2023 15:49

28/12/2023 14:52 UK Regulatory (RNS & others) Sondrel (Holdings) plc Trading Update LSE:SND Sondrel (holdings) Plc

Sondrel (AIM: SND), the fabless semiconductor business providing turnkey services in the design and delivery of 'application specific integrated circuits' ("ASICs") and 'system on chips' ("SoCs") for leading global technology brands, provides the following trading update.

Although continued progress has been made with regard to the ASIC project with a Tier 1 automotive OEM, GBP1.7m of payments for the achievement of a significant milestone under the contract initially expected to be received in December 2023 have been subject to an unexpected delay and are now expected to be received during January and February 2024. This automotive contract will not now achieve the next milestone, being tape out, until late Q1 2024 and will require additional resource to complete, the funding for which is currently under discussion with the customer.

Significant new ASIC business opportunities are in final negotiation for project start in early 2024 and indications remain encouraging that European and US market demand for Sondrel's turnkey ASIC services is strong.

However, as a consequence of the above delay, the cash position of the Group has further declined during December 2023. The Company has been unable to meet December 2023 payroll in full and therefore the Company's Directors and senior management have agreed to defer their salaries and fees until such time as the delayed funds are received. The Company has asked certain employees to defer on the same basis, and is pleased that in excess of 67% of Group staff have agreed to full deferral, with a significant additional number agreeing to partial deferral.

With a view to managing Group liquidity, negotiations are underway with suppliers to improve the terms of existing supply arrangements. The Group will need to secure additional capital prior to the end of March 2024 to provide a more permanent solution to meet the Company's short-term working capital requirements. However, should the delayed payments not be received through January and February 2024, the Group will need to secure this funding in shorter order.

Graham Curren, Chief Executive Officer of Sondrel, commented:

"Whilst it is disappointing to see last minute hurdles introduced into the automotive project, it is encouraging that Sondrel's employees, suppliers and customers have continued to support the business during this difficult period.

"We remain encouraged by the positive development of key opportunities over Q4 2023 and we look forward to providing further updates on new ASIC business opportunities at advanced stages of negotiation in due course." ...

[source] 15/12/2023 22:38

Management have mugged shareholders from an abysmal performance since IPO & pumping sunshine when trouble was clearly brewing. NOMAD & board need to get a grip to stop bad news coming in three's...

[monster500] 15/12/2023 21:38

Still de ramping LOL

[source] 15/12/2023 14:59

No cash. High cash burn too. Understandable why people are staying away despite its share price collapse over 2 weeks ago. Not even been able to do a dead cat bounce!

[tsmith2] 15/12/2023 13:20

arguably one of the most undervalued listed companies

[tsmith2] 08/12/2023 10:23

They were all placed I tried to get some - told they've all been placed, date of original announcement

[source] 08/12/2023 10:19

Weren't we meant to hear final confirmation of Siemens selling out its holding of 11.22% Sondrel shares being firmly placed at 6p by now?Still loose &/or no takers?

[source] 06/12/2023 20:59

With Sondrels market cap now clumsily cratered to £7m pounds by poor execution it means many institutions will unlikely be able to even look at this company any more. Does Anyone know if any of our existing institutional shareholders have rules which preclude them from holding nano-caps like Sondrel?Negative cash flows seem to persist in their 224 forecasts will also not encourage risk taking. It really Needs to stabilise its cash/spending somehow.

[amishp67] 04/12/2023 15:37

Unnecessary

[source] 04/12/2023 15:00

Reality. Not de-ramping. When did you buy into the shares?

[monster500] 04/12/2023 14:32

Source, still de-ramping. Give it a rest.

[source] 04/12/2023 14:15

Very weak dead cat bounce. Not encouraging.

[source] 04/12/2023 10:26

Hi monster - fair points I'd say ;). But two reasons really:- (1) It's been pumped quite a bit on here since at least August when the company started issuing warnings up at 40p ish. This I'll found BB support & sunshine has undoubtedly damaged a lot of shareholders given events.(2) I'd actually like pushback on why the management is worth supporting now after blowing £20m in a year & also losing a major shareholder(s). Why are they right when all these insiders are happy to be selling it all out at 5p.

[tomboyb] 04/12/2023 09:50

Looking good -

[tsmith2] 04/12/2023 09:45

Rationale for Sale – Despite the close and continuing relationship between Sondrel and Siemens, the relationship only covered a small portion of the overall Siemens business. We believe that Sondrel was the only publicly listed holding for Siemens and it is our expectation that a c£1m value holding was deemed auxiliary to a €125bn market cap company. The sale follows the end of Siemens' 12-month lock-up from the IPO and was done at steep discount (c50%) to the prevailing market price. It therefore indicates Siemens was ambivalent to the monetary value received from selling the holding, and instead was looking to hastily clear-up a small position. Industry Outlook – We note the increasingly positive tones around the rebound in the semiconductor industry, such as South Korean chip exports growing in November, ending a 15month decline, and executives at Intel, Samsung and TSMC touting the dip coming to an end. The Semiconductor Industry Association reports that that growth returned to the industry in Q3, and The World Semiconductor Trade Statistics predicts the global semiconductor market to grow c12% in 2024 following a c10% drop in 2023. As such, we expect more positive news flow from Sondrel in the coming months to reflect the outlook and the growing traction in the US that management cited at the interims.

[monster500] 04/12/2023 09:36

Source you have made your point. Please, why repeat. :)

[tomboyb] 04/12/2023 08:57

Good start this morning -

My initial investment is a trade so hopefully see double figures -