GreenRoc now on the EU radar after presentation on Amitsoq at the Greenland Business Mission. Watch the interview here.
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The strong results today from another similar electronics firm Raspberry PI have been encouraging. They should be upgraded to Footsie 350 quite soon also.
Today .12-9-2024...Ian Lankshear, Chief Executive Officer of EnSilica, commented:
"We are proud to have been awarded an additional ASIC design and supply contract with Siemens, one of the market leaders in the fast-growing segment of process automation. The award of this contract further reinforces our reach within the industrials sector, alongside enhancing our reputation for being an ASIC partner of choice."
Dieter Brückner of Siemens AG commented
"We are pleased to be working with EnSilica on another ASIC. Their digital and mixed signal ASIC expertise and locality makes them a strong partner for Siemens."
I watched the Shares magazine podcast. They are confident of meeting their numbers this year and next given the booked business and prospects. Mentioned now having the luxury of choosing projects to move forward with and being cash positive next year (no more dilution although they still have a further £1.3m raise in their numbers). Looking at their forecasts published by Allenby Research
https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2024/09/240902-EnSilica-Telecoms-Contract-AST-Allenby-Capital.pdf?c4298=on
the eps for their year end of 31st May 2025 and 2026 are 4.6p and 7.59p compared to this year’s 2.3p. If that transpires then assuming P/E ratio of 21 (average for this sector) then we should expect the share price to lift from 48.3p to 96.6p in May 2025 and 159.39p in May 2026. The currency share price is a bargain based on this.
@Fonda
How was last nights presentation ?
Following positive news I'm looking forward to what they have to say and what is next for them and investors as share price still has some way to go I feel . The future is looking very interesting I would say.
https://www.sharesmagazine.co.uk/events/event/shares-investor-webinar-030924
And today another confirmation of order by RNS, 2 in 2 days, most encouraging.
Stockped.. provides a rolling 12 month forecast of PE Ratio (f) 8.2, though it lists the share as a sucker stock. Revenue is shown as increasing at a fair clip, though profits are barely registering. Its clearly a risky punt, that may or may not pay off big time.
This share is on a low P/E of about 20.
The latest pullback in the US has taken the share price from 53p to 43p (20%)
and NVIDIA (P/E 61) moved from 135 to 105. (23%).
17 18 19 20 21 22 23 24
EnSillica
T/O 8.6 15.3 20.5 23 ? Earnings (2.1) 0.2 1.8 1.9 ?
The NVIDIA sp graph still looks like an uptrend but the Envidia sp graph looks like a downtrend.
I guess it comes down to how much hype there is in the mix.
Low and behold it's 53 now!
Fantastic buying volume today but MMs stubbornly won't move the bid up from 52.
Big buys and a series of them.
Wonder what tomorrow brings?
Buys coming in thick and fast.
There has been a large and persistent seller here the last few weeks. However they are being mopped up so hopefully they will be done soon and the sp can move up.
That $50m over 5 years is correct. It's also in Allenby's research report published yesterday.
A small punt on this on 26th June, will buy some more now that
Don't see why it can't be 50 mil over 5 years. It can't be 5 mil because 5 mil is in the current financial year alone...
Seems like a typo with $50 tbh
Sounds excellent. I wondered whether the potential “US$50million “ was a misprint
Excellent news glad I topped up last week.
Decent buying today (including mine) - surely the tide will turn soon - this is way undervalued imo.
And my 172711, just now
And that 0.79 was mine too... 500k.
Those 2 x 500ks from an hour ago are mine... 0.8 and 0.815.
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