Sondrel (holdings) Share Discussion Threads

[tsmith2] 29/12/2023 09:26

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.

[dan_the_epic] 29/12/2023 09:21

"The Tier 1 auto company needs the chip completed and will provide funding I'm sure."

The only thing I am sure of is that you have absolutely no clue or basis for making this drivel statement.

Deary me, the tripe that gets written on here sometimes is incredible

[mikeh30] 29/12/2023 09:19

Phillip Johnstone at trackwise probably thought the same

[someuwin] 29/12/2023 09:16

CEO and company founder Graham Curren currently holds 44.88% of the shares. Therefore I don't think equity holders will get wiped out.

The Tier 1 auto company needs the chip completed and will provide funding I'm sure.

[dan_the_epic] 29/12/2023 09:08

no at worst they get no funding and it goes -100% , equity is wiped out

zilch

kaput

someuwin disgraceful attempt at a ramp

[dplewis1] 29/12/2023 09:08

Anyone in here / thinking of getting in should look at Ethernity networks.. same sector (ASICs, SoCs etc) and same issues with contract delays. Currently in insolvency protection from creditors .. decimated balance sheet and a number of catastrophic equity raises that have brought the share price down below 1p (from an IPO price of 150p). It went very wrong very quickly there and looks to be a similar story here

[j777j] 29/12/2023 09:07

You got it!!!

[someuwin] 29/12/2023 09:01

A penny or two profit is 50% gain from here.

Incidentally, Cavendish's note still shows target price of 74.0p

Price 5.0p
Target price 74.0p
Upside 1,380%

[j777j] 29/12/2023 08:57

£2.7 million mkt cap!Get real folks this will get taken over at best and will find funding at worstThe underlying business growth trajectory is huge.These are simply teething troubles.

[mr euro] 29/12/2023 08:50

Hard to sign new clients/contracts when they can't afford to pay wages. Customers will want clear evidence of a stable environment.

[amishp67] 29/12/2023 08:36

The last RNS a few weeks ago people said the same thing (its a bargain)..pushed price upto 8p and then POW hit with reality and back down to 3.5p..punters will push this back upto about 6p then POW next RNS saying have to raise cash at 1p and then slams back down to 1p. The only thing you can do is scalp this.. make a penny or two profit and sell

[tsmith2] 29/12/2023 08:33

It's a good company. Management credibility a little bit shot, need to start delivering. imo a stela at these levels

[j777j] 29/12/2023 08:24

Comparison with peers valuations would be 40p a share.Worth a punt imho

[j777j] 29/12/2023 08:22

Wow an early new years gift.Cavendish is right this is option money

[someuwin] 29/12/2023 08:21

Cavendish...

"Automotive Milestone Shifts to FY24E Significant design milestone payments of £1.7m relating to the major automotive project have shifted from December 2023 to January/February 2024, with tape out likely in March. As we have witnessed, the movements of milestones are not unusual, but this one unfortunately happens at a time of a stretched cash position. The Group is looking to improve its cash position in the immediate term in three ways: deferral of the Company Directors’ and senior management’s salaries; additional payments from the automotive customer; and renegotiating terms of existing supply agreements (e.g. with EDA providers). Consequently, a working capital injection will be required in the coming months to solve the working capital strain and bridge the cash position until the signing of new contracts. Sondrel is at the final stages of negotiation with European and North American clients on projects due to start in early 2024 that would solve the company’s cash position in the longer term. Sondrel provides significant option value for investors assuming the next couple of months are successfully navigated, which we believe they will be. At a share price of 5p, it trades on an FY24E EV/Sales of just 0.2x compared with UK semiconductor peers on 1.6x."

[someuwin] 29/12/2023 08:10

In August they hinted that the revenue from the Tier 1 OEM Automotive chip would be towards £100m per year. As such, and considering the work that has already been done it seems inconceivable that the Tier 1 OEM will not come up with some funding solution to help out.

"During H1 2023 and immediately post period end, the Company continued to deliver live ASIC projects in line with its expectations and, as announced by Sondrel on 3 July 2023, the Company successfully completed the second key milestone in respect of the material turnkey ASIC engagement for a Tier 1 OEM Automotive customer - with corresponding milestone payments received by the Group from the customer. As stated at the time of the Company's IPO, Sondrel expects typical production volumes for each contract to deliver revenue of GBP10m to GBP100m per annum and the contract with the Tier 1 OEM Automotive customer could deliver production revenue at the upper end of this range."

[source] 29/12/2023 07:41

Ok let's move on then. Just found it very odd you popped up constantly whenever I posted something thoughtful & fact based (& subsequently very right too!!) to snipe & moan with ZERO information worth posting & accusing other viewpointsas being "de-rampers!"... Very odd behaviour & certainly worthy of apology as your view has cost many a lot of money diving into this one. Anyway let's see the management can sort out their own mess in the next two months and finally take cash flow seriously instead of pretending they are the next ARM. IF they stick to the basics this is interesting. By rights the board should remove the CEO for such a calamity that

[dudishes] 29/12/2023 07:05

WD Source, spot on!

No posn

[bigbigdave] 29/12/2023 07:03

Mail on Sunday Midas tip SND - “At 59p, the shares should go far”,!!!!!!!

[mr euro] 28/12/2023 22:53

Source - just ignore the muppets, they not worth the time of day.

Here is another one;

Mr Euro21 Sep '23 - 06:39 - 159 of 229 Edit
0 1 0
"The pure arrogance in the results makes me sick. Delusional and hope they go under."

tsmith221 Sep '23 - 06:43 - 160 of 229
0 1 0
I thought you sounded bitter then came to know for certain


Sondrel - Post 73 SND Sondrel (holdings) Plc
Mr Euro 31 Aug 2023 08:41 3

"Sold for a whacking 60% loss. This company is a fraud and should be held accountable"


clear off

[source] 28/12/2023 21:58

So you're apologising to me for your petty posts constantly saying I was a "De-Ramper" then I guess Monster500.

[jnbrw] 28/12/2023 21:33

Maybe a bigger player will "bail" them out with an opportunistic takeover offer ?

[chutes01] 28/12/2023 20:42

cashflow over jan/feb can be negotiated with backing of new orders, this will re-rate

[jnbrw] 28/12/2023 20:36

There is the possibility that short term finance may well be found in a bank loan or financing arrangements/ factoring on the basis of the staged payments that are due but delayed. The broker note issued today notes that these delays are part of the sector the company operates in and not unusual. In the medium term the co has a good future in a rapidly growing area the just need to navigate these short term challenges