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Because it'll be gobbled up by this morning and then the sp can move back to y'days high then think about breaing it. cash in the bank, future cash in the bank.
what more can any investor as for?
back to all time highs this month.
Given that management would have known yesterday about the contract win (my read is US$20m each year for two years) it does rather beggar the question why they seemed to rush a relatively small equity raise yesterday afternoon. It would seem to have given some (preferential) investors the opportunity to buy at 50p yesterday rather than (possibly) 55-60p today. Not exactly cricket.
The amount raised does seem somewhat paltry and, when you consider that they raised £1.56m (gross) in December, rather odd (you'd have thought that they might have been able to raise an additional £1m through a bank loan if required).
It's hardly cost efficient to repeatedly issue (relatively) small amounts of new equity. It also smacks of rather poor cash flow planning if they need to repeatedly issue new equity every time they win a few new contracts; it seems a bit unnecessarily hand to mouth.
Utter nonsense.
If you reverse it and they announced a contract win shortly followed by a placing the same argument could be made.
These newly arrived armchair commentators clearly don't know what they are talking about ,or sold shares and are angry they sold
Keep buying!
WTF is going on here? Tipped in the Sunday Times, results on Monday which said they had to rely on customer payments to continue operating, placing on Tuesday, $20m contract win Wednesday. 46p > 72p ?
An utter farce IMO. Shares shouldn't have been trading for any of this period, and there is no way they should be placing for £1m 2 trading hours before a material contract win is announced. The FCA need to sort out AIM immediately, these companies clearly think they can do what they want.
Https://www.londonstockexchange.com/news-article/ENSI/significant-c-us-20-million-supply-win/16351960
The tape-out process marks the stage where the design of the ASIC is finalised and sent to the foundry for fabrication.
Well done Alwaysone. Glad you didn't take my advice! Although there is a nice dip to buy into now...
All placings are underhand! if they were telegraphed they'd be the worse for it as fundraises are almost always at a discount. the last thing you want is a fundraise on a falling share price. and, spikes are required to sell the placed shares as funders don't hold. they want their easy money. the shock of the placing price always dips the price but, if it's for a sensible sum and pitched at a reasonable price, the dip'll be taken out in days. the results are still fresh in everyone's head so, of the two price, 75p and 50p, i know which way i anticipate them gravitating to.
and it's always better to have cash in the bank rather than looking for it if the revenue stalls.
This is what worried me and glad I waited now.
I'm not a holder here, but have been watching Ensi since it was recently highlighted elsewhere.
This placing looks a bit underhand & concerning to me. It hasn't raised that much capital given the short term cashflow pressures highlighted yesterday. It has cost approx. 10% (raising £1m, yet costing c. £1.115m pre-expenses).
Most importantly, the dilution is at a share price of 50p, which largely fails to reflect yesterday's stong re-rerating following the company's trading update. Clearly, the factoring arrangement is still some way off being agreed and wouldn't be sufficient anyway to fully plug the gap.. Otherwise, why not just wait for that, rather than dilute, offering mates' rates to the least-deserving City brigade?
No worries. don't know if you're new to investing or just new to lse but nowt wrong in being pished. and, as long as folk respond in a useful way, even if critical, it's a good learning curve.
i notice mms stuck a 62p trade up there, just to help out... be back a 65 by tomorrow morning and then... who knows!
I for one will be sleeping more soundly tonight in the knowledge the co is on top of the cashflow situation
Remember they can also get another £2.2 million from the warrant holders ( at a strike of 55p) that subscribed to the last placing.
Indeed I believe it is they that have been playing with the share price
I think I see the end of the tunnel and with it will be a ireturn for shareholders
The co did the right thing by getting more cash on board via a tiny dilution
It will strengthen their hand in other negotiations
Dont get angry get buying!
Be intereting to see where the sp is in another 48 hours with the cash now in the bank.
This will only strengthen the prospects of a very exciting future.
Relax and hold, or buy at this price.
They did say were in "advanced discussions with a provider of capital"
Buy the dip once settles
It's a little bit sneaky though, can't find any mention of this in the trading update, the shares must have gone to the big boys.
Sorts out the cash flow problem and the shares have all been conditionally placed
Onwards and upwards
Great if you had sold up around 72, then bought them all back at the lower price, didn't anyone know that they were going to do this.
Effed off tbh!
Needed the pump to forward sell the placed shares. have to see how long it takes to churn the rest.
Placing at 50p.
Thoughts? Time to add or just be irked?
I see this at 150p within the next 12 months
The industry is massive and hungry for smaller and more complicated chips tom power the next generation of AI enabled and IOT products like smartphones satellites radar smart rings electric scooters EV's etc
Interesting article...perhaps they could get a head start by buying Ensilica.
https://www.tomshardware.com/tech-industry/artificial-intelligence/softbank-founder-reportedly-aims-to-raise-dollar100-billion-to-build-ai-chip-company-that-would-rival-nvidia
Ensilica, is an ARM approved design partner, since April 2018. Taking into account the substantial rally in ARM quoted shares, in the USA, it should help Ensilica, by association. The highest 11 days volume, have occurred, on the one year chart , since 15/12/23. Today was the highest volume day, so far. If there is a retracement, 58.5, might be a reasonable guess, without going as low as the preceding highs, which were below 54.