Sondrel (holdings) Share Discussion Threads

[timbo003] 28/11/2024 20:19

I hold most of my shares as certificates, so I received details of an open offer in the snail mail today

The Open offer is for up to 203,804,347 shares at an issue price of 1.84p, so entitlement is about 1.3 shares for every one share held. There is a GM to approve the fundraise on 12th Dec. It comes with a pretty chunky offer document and trading update (I haven't read it yet but will post the most salient bits later on this evening).

Regarding trading, revenue hasn't met expectations so they need the new capital to address the shortfall and execute the plan, but the open offer seems to be underwritten by a convertible loan (at the offer price) that ROX will make available to the company.

[thiopia] 28/11/2024 19:55

If it's genuine (which I assume it is because it's a communication from my broker (ii)) i'll be taking my full subscription. May be a way for the new guys to average down in a 'friends and family round'

They will know most retail won't subscribe so they get to increase holdings/force out pesky small shareholders.

Fully expect this to 10/20/50/100 bag+ from here regardless of temporary dilution

[thiopia] 28/11/2024 19:52

Sondrel (Holdings) plc has announced an Open Offer; your account has been issued with 1 subscription share for each 0.8584790981 share held. Your options are:

OPTION 1: Do nothing (Default). Your subscription shares will lapse if you do not exercise them by our deadline date.

OPTION 2: Exercise your subscription shares in full or in part. Under the terms of the Open Offer, each subscription share entitles you to 1 new share in Sondrel (Holdings) plc at GBP0.0184 per share.

Please note that the Sondrel (Holdings) plc ordinary shares remain unlisted and can currently only be traded through JP Jenkins.

The new shares are expected to be released on the 16th December 2024. We will allocate the shares to accounts as they are received from the market.

[washingmachine] 28/11/2024 17:35

No because their isn’t one
If Sondrel don’t know about it , how do you ?

[chutes01] 28/11/2024 16:24

At what price

[thiopia] 28/11/2024 16:13

Anybody received an Open Offer re Sondrel from their Brokers ?

Just relaying the fact i got notification of this via ii

[chutes01] 24/11/2024 13:47

Would be worth 30p on AIM
If this goes to Nasdaq
Sky is the limit
Another Nvidia

[washingmachine] 23/11/2024 12:45

Nice
My target remains solid here
Tried buying more last week.
Got offered 57k shares at near delisting price ..
said i wanted significantly more.
Came back to me NO QUANTITY ON SALE AT PRESENT at any price ..
I said really ?
What’s happened to the 57k ?
Apparently sold
I’m now seriously considering putting all mine on the book at 100 pence PS
My intuition is telling me something corporate is in the offing here
No matter
Im in no rush whatsoever.
But amusing all the same

[dorian12] 23/11/2024 12:31

Multi-million dollar design win for Sondrel.hTTps://jpjenkins.com/wp-content/uploads/2024/11/Sondrel.pdf

[washingmachine] 07/11/2024 17:32

Looks like we are opening our IP book
For Out source licensing
following ARM holdings and Nvidia
Could be seriously profitable for SND

[washingmachine] 01/11/2024 19:41

Elon musks robot will be the big one
Never mind everything else

[thiopia] 01/11/2024 19:24

Hopefully look to list on NASDAQ this time next year at somewhere north of £200m on back of a Elon Musk Neuralink contract ?

[washingmachine] 01/11/2024 18:19

Exceptional value to our stake holders !

[thiopia] 01/11/2024 18:04

Sondrel announces CEO transition to lead next phase of growth

Posted on: November 01, 2024

Reading UK – 1 November 2024. Sondrel, a leading technology company providing ultra-complex custom chips for leading global technology brands, today announced that Oliver Jones will succeed John Chubb as Chief Executive Officer, effective November 1, 2024. This planned leadership transition comes as Sondrel prepares to enter its next phase of growth and advancement.

John Chubb, who assumed the role of CEO in July 2024, took the helm to accelerate and complete a major, company-wide transformation programme initiated and announced earlier this year. John has successfully led Sondrel through the crucial stages of comprehensive restructuring, including the formation of a new leadership team, delisting the company from AIM and the successful renegotiation of major supplier contracts, positioning the company for future success.

Oliver Jones brings to Sondrel an extensive background in sales, marketing and commercial operations, with experience gained across FTSE-listed engineering companies, private equity-owned businesses, and technology startups. His proven track record in driving growth through nurturing partnerships, enhancing customer experience, and implementing robust commercial management strategies aligns perfectly with Sondrel's vision for the future.

"It has been a privilege to lead Sondrel through this critical period of transformation," said John Chubb. "I'm proud of what our team has accomplished in completing the restructuring programme we began this year. I'm confident that Ollie’s leadership will drive Sondrel to new heights. The company is well-positioned for its next chapter of growth."

Oliver Jones expressed enthusiasm about his new role: "I am honoured to take on the role of CEO for Sondrel at this exciting time. John and the team have built a powerful foundation and I look forward to working with our talented employees, partners, and customers to capitalise on the opportunities ahead. Together, we will focus on driving growth, enhancing our technology offerings, and delivering exceptional value to our stakeholders."

The Board of Directors expressed gratitude for John Chubb's leadership and welcomed Oliver Jones to his new role. "We are thankful for John's strong leadership during this transitional period," said Chairman David Mitchard. "His efforts have been instrumental in positioning Sondrel for future success. We are excited for Ollie to step up to the role – his expertise and vision will be invaluable as we embark on our next phase of growth."

John Chubb will continue to provide support to the leadership team, ensuring a smooth transition and ongoing stability for the company.

CEO Press Release :-

CFO Press Release :-

[thiopia] 01/11/2024 18:01

New leadership team.

CEO + CFO

Outlook statement reads well.

[washingmachine] 26/10/2024 08:01

Nvidia hits 3.5 trillion market cap
Now larger than Apple
100 million mkt cap here
Is Very very achievable with project pipe line in line.
If anyone wanting to sell now, contact JP Jenkins
I’ve a buy order in at a premium to closing price !

[halland75] 03/10/2024 19:42

Don't believe this Washingmachine clown.
His losses are listed on ENET.

They are as long as the wall of China!

[washingmachine] 03/10/2024 18:35

Not sure chutes
But imo they are worth at least 10 pence today, the same amount ROX paid for their stake recently.
I’ve no interest myself in selling under a minimum 100 million mkt valuation.
And I’m being serious.

[chutes01] 03/10/2024 17:45

What level of valuation can be ascribed to the shares at the moment

[thiopia] 03/10/2024 17:35

Paul Martin's SemiWiki interview on AI chip design process
Posted on: October 02, 2024

Great interview on Semiwiki.com by Mike Gianfagna with Sondrel's Paul Martin on our new AI chip design process. You can read it in full at -