Why is a 1st November Press Release being RNS-ed today ? |
Sondrel announces Mark Julio as new CFO
Reading UK – 1 November 2024. Sondrel, a leading technology company providing ultra-complex custom chips for leading global technology brands, today announced that Mark Julio is its new group Chief Financial Officer, effective November 1, 2024.
Oliver Jones, Sondrel’s CEO, said, “I am delighted that Mark is joining Sondrel. His years of experience as a CFO will be invaluable to Sondrel as we move forward and realise the huge potential that Sondrel has to become an even bigger player in the market.”
Mark Julio, added, “I am looking forward to working closely with Ollie and the rest of the Sondrel team. Sondrel has an outstanding reputation built up over 20 years for being one of the pioneers of leading-edge design for ultra-complex custom chips, which are what innovators need at the heart of their next generation devices. Exciting times ahead!” |
Hopefully Sondrel have remained a partner in this venture
hxxps://nsjonline.com/article/2025/01/3rd-patient-receives-musks-neuralink-brain-implant/ |
Companies House filing (dated 19th December 2024) of Annual Report for 2023 include some discussion of recent post-balance sheet events including recent fundraise |
Nice updates this & peppered thanks. Wishing everyone a great New Year!!! |
 Reading UK – 22 November 2024. Sondrel, a leading provider of ultra-complex custom chips, has announced that it has started front end, RTL design and verification work on a high-performance computing (HPC) chip project for a major new customer.
Ollie Jones, Sondrel’s CEO, said, “HPC designs are a key area for Sondrel because they require large, ultra-complex custom chips on advanced nodes, which are our speciality. We have developed the skills, tools and advanced design methodologies to be able to create billion-transistor designs at leading nodes. For example, we have one customer for such designs that has contracted us for the past eight years to work on each generation of its advanced node chips.”
He explained that HPC designs require multicore processors running at maximum clock frequencies and utilising the very latest, coherent Network on Chip (NoC) technology, advanced memory and high bandwidth IO interfaces, so that the chip can deliver the highest possible performance. The coherent NoC enables data to move between processors, memory and IO whilst enabling processors to reliably share and maintain data that they have available in their caches. As a result, the need to access off-chip memory may be significantly reduced, which can introduce latencies that hinder performance.
“HPC is in huge demand for next generation applications that demand tremendous computing power such as AI, scientific modelling, data centres and internet infrastructures,” concluded Jones. “In every case, the key is understanding how to move data around in the optimal way to maximise performance and that is an area where we have world-class expertise and in-house technologies such as our Advanced Modelling Process. This is part of our suite of in-house tools and flows, which have been perfected over many years, and enables us to analyse exactly what is going on inside a chip design to ensure that the data flow is balanced properly and that the processors are not stalled waiting for data. It runs through every stage of the chip design to ‘prove’ that the design meets its specification and performance requirements, which is why we are the partner of choice for these projects as customers can see at every phase that it is on specification and on track.” |
Bit of a mania around Quantum computing going on Stateside could that explain some new interest in SND ? |
good spot but
1. don't trust such opaque platforms
2. i'm looking/hoping for multiples of that even if it takes 3-5 years |
Number of shares in issue now 211m. I think previously it was 170m, so approx 40m taken in the offer.
Also are my eyes deceiving me - is the share price on JPJ now 10p? |
Not getting your over allocation is indeed interesting. The majority owner must be keen to increase their exposure. Good sign. |
I would not have known about the rights issue except for this forum. Hargreaves were definitely behind the curve on this. Keep up the great work. This is a really useful forum so thank you. |
Doubt it
They haven’t even announced the actual open offer
Well not on web site
All cloak and dagger lol |
I got my full allocation in my account today. I had asked for more but no luck.
Has the company announced the results of the open offer yet? |
All brokers go thru Jenkins. |
No
My broker is dealing with it , odviously thru Jenkins
They are the sole market maker. |
Anyone had any luck with JPJenkins? Which brokers are allowing you to trade? |
UK valuation ! |
If they list on Nasdaq
We have all won the lottery
Mkt cap now is 10 million approx
Nearest comparable are trading at 60 million plus .. and that’s conservative.
Imo we are at 15-20pence has of today. |
Silicon industry veteran Oreste Donzella joins Sondrel board as Non-Executive DirectorhTTps://jpjenkins.com/silicon-industry-veteran-oreste-donzella-joins-sondrel-board-as-non-executive-director/ |
Wed 11/12
11am |
When is/was the last day to take up the option?
TIA
D |
Reading, UK 9, December 2024. Sondrel has announced that it is now shipping finished chips to a US customer as part of a full turnkey contract of concept to silicon.hTTps://www.sondrel.com/newsroom/sondrel-now-shipping-chips-as-part-of-a-complete-turnkey-project |
Taken full amount..
Absolutely in no doubt whatsoever on this decision..
It’s worth 5 x 10M to even compare to piers in this space. |
Taken up my entitlement.
Happy to take the punt. This is a very high risk option at this price. Could be zero or 100p.
I remember when Nvidia IPOed that was 20 years ago. A lot happened over that time but a large part of the share price performance has been in recent years. Sometimes you need the market to come to you rather than force it too early. I'm convinced if they keep pitching in the markets and with customers they have they could hit one or two home runs so it makes it a decent punt. |
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