Sondrel (holdings) Share Discussion Threads

[hydrus] 01/2/2024 18:33

Have they paid their staff yet?

[thomas11] 01/2/2024 17:59

Significant new ASIC business opportunities are in final negotiation for project start in early 2024No announcement yet!

[scar] 25/1/2024 12:37

I see that they've just completed there first design for 5 nm chip which should get paid hopefully soon

[source] 10/1/2024 10:02

Erm, that's why I posted it...

[tsmith2] 10/1/2024 09:14

Nothing new

[source] 10/1/2024 07:57

"....This revenue includes the GBP1.7m that is now expected to be received in January and February 2024, as per the announcement on 28 December 2023...."

[amishp67] 10/1/2024 07:08

You could say that about any AIM stock at the moment

[dan_the_epic] 09/1/2024 20:10

who the hell is buying this

[randomscot24] 08/1/2024 16:58

As a shareholder I'm concerned that the low stock price will cause challenges around staff retention. The demand for staff in this sector is very high and I assume Sondrel's retention in part includes stock. At a low price it doesn't look so appealing as an employer.

Of course staff in it for the long term will get an option price very low, but from my experience people don't think that way !

[tsmith2] 08/1/2024 08:26

any stock seems to be being mopped up

[j777j] 08/1/2024 08:17

£3.7 million mkt cap !Buy!

[source] 08/1/2024 08:09

He was a Mckinsey guy. Always a disaster. No wonder the shares starting to recover now he's gone.

[someuwin] 06/1/2024 18:29

...gopher, the CEO and company founder Graham Curren holds 44.88% of the stock. So I think shareholders should be ok.

[gopher] 06/1/2024 17:27

Must admit that a little surprised that resignation of non exec greeted with share price rise. The company will keep going but what's in doubt is whether existing shareholders will be wiped out in a capital reconstruction.

[tsmith2] 06/1/2024 12:38

Is that from the presentation? Do you have a link to it.Will stick my neck out - 2024 multi bagger 3-5x

[someuwin] 05/1/2024 12:17

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. They can't afford not to imo. And to a Tier 1 oem auto like GM / Ford / Tesla etc a few million to complete the chip is peanuts.

[j777j] 05/1/2024 11:33

Gordon Orr commented:"My decision to step down from the Board reflects my desire to narrow my directorship commitments and I remain a committed supporter of the Sondrel story. I have enjoyed interacting with the Board and wider executive team since the Group's IPO. Sondrel has a strong team in place and I am confident it will deliver on its ambitions as demand for ASICs continues to increase and Sondrel's leading engineering capability really sets it apart from others in the industry."Buy!

[amishp67] 05/1/2024 11:28

The way to a successful business is to get rid of the dead wood..that's the reason

[j777j] 05/1/2024 11:26

15 bagger hereCavendish price target 70pEasy peasy

[monster500] 05/1/2024 11:24

A good few buys today on board change. Anyone got a view on this?

[garbetklb] 29/12/2023 10:59

I've no position - I held a while back.

A major concern must be why would any prospective customer choose a supplier who have had to admit that it can't pay its staff? I'd certainly not be funding anything up front - which is exactly what SND need......

[source] 29/12/2023 10:51

They've actually been doing well on contracts & orders (also their pipeline is strong too) - problem is budgeting & project delivery delays. The main issue these errors have caused seems to be they missed a payment milestone at the end of the year that would have otherwise got them a £1.7m payment in the bank. Poor management controls & getting too excited about new orders instead of calculating cash needs first is inexcusable. Board should ensure the new CFO is given far more control. CEO seems a liability. All seems fixable if the concentrate on the right things but time is unfortunately now very short.

[amishp67] 29/12/2023 10:22

No point in a 50% gain to get 2p unless you whack a few grand into it..and I think most are not willing to bet on a few grand at this price and this mess...I'd rather go to the casino and take my chances there