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This presumably underpins one of the reasons for the capital raise.
They are grabbing opportunity and they used their listing to bolster their cash in order to facilitate situations like this
I think this will recover strongly in 2024 as newsflow starts revealing the seeds they have planted
https://www.indesmatech.com/blog/ensilica-and-indesmatech-unite-to-revolutionize-iot-with-advanced-asic
#ensi poor placing - forward sold, warrants and small £ raised but bargain at 36.7 👈
no **** sherlock but look why they raised,the business is growing very fast
with the company's potential sales pipeline now estimated at us$360 million, the net proceeds of the placing will be used to support the tender and execution of new and higher levels of activity, including but not limited to:
o seeking to secure two material asic design and supply contracts;
o a potential material contract for the "tape-out" and supply of a potentially high volume asic;
o progressing two significant consultancy contracts that could be worth, in aggregate, up to us$7.1 million if scoping studies are successful and proceed to the next stage; and
o expansion of work for existing contracts to include "tape-out" and wafer supply.
Https://investing.thisismoney.co.uk/rns/news/33971247
Must be reason for the drop today
Paid 41 but its being shown as a sale
The business is booming will be buying any pull back
-- With the Company's potential sales pipeline now estimated at US$360 million, the net proceeds of the Placing will be used to support the tender and execution of new and higher levels of activity, including but not limited to:
o seeking to secure two material ASIC design and supply contracts;
o a potential material contract for the "tape-out" and supply of a potentially high volume ASIC;
o progressing two significant consultancy contracts that could be worth, in aggregate, up to US$7.1 million if scoping studies are successful and proceed to the next stage; and
o expansion of work for existing contracts to include "tape-out" and wafer supply.
Ian Lankshear, Chief Executive Officer of EnSilica plc, commented:
" We are delighted that our shareholders have continued to support our growth ambitions as we seek to capitalise on a number of exciting opportunities. We are particularly pleased to be investing in expanding our operational footprint internationally and to further leverage our standing as a leading European mixed signal semiconductor manufacturer ."
Now we know why the big drop. Insider information????
Music to the ears of the UK microelectronics industry..
UK's Pragmatic secures £182M for expansion of silicon-free chip production
Marking the largest-ever European semiconductor venture funding round, Pragmatic intends to add at least six more manufacturing lines in the UK over the next five years.
The secret is to spot the prospects and projects underway. It's virtually impossible to buy at the bottom and sell at the top but spotting the reversal just before it happens usually works in an undervalued under researched share. This is an experienced team in a high growth field with blue chip clients. Anything under 70p imo is good value this month.
You Should have waited you might get them cheaper tomorrow
Baffled by this drop. Another buying opp for me so just picked up a few more :)
This share floated may 2022 at 50p. Got to £1.18 . Wow
Both Ensilica and Sondrel are in sweet spots for transformational upgrades in 2024 as their tape outs and projects bear fruit. The value of contracts in this space is huge and both companies have the resources and capabilities match and beat global competition. Two British high tech gems being totally overlooked at the moment, sitting at near all-time lows. Once these start to attract attention I'm sure the tide will turn and investor sentiment will follow.
Last upbeat RNS plus bottoming out...I'm in.
Makes you wonder why it ever dipped to 50, esp after the midas tip at approx 70...
More large contracts
Arm holding successful IPO
Still silence
Add add add IMHO
Someone has been snaffling the shares this morning, 3 large delayed buys.
We?
Speak for yourself.
Who cares anyway? Just look at the fundamentals.
The good news just keeps on coming, but we seem to have a persistent seller in the background.
And another contract
EnSilica secures follow-on $2.4m contract with an existing customer
EnSilica (AIM: ENSI), a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has secured a contract with an existing Europe-based customer for approximately $2.4 million (the "Contract").
Excellent new contract and decent move today
Whilst semi valuations are excessive everywhere ,Ensilica looks an interesting way to play it
ASICs for AI: As a company that specializes in custom ASIC (Application-Specific Integrated Circuit) design, EnSilica can benefit by designing ASICs tailored for AI applications. These custom chips can be more efficient for specific tasks compared to general-purpose processors.
IP Solutions: EnSilica offers IP (Intellectual Property) cores. As AI becomes more integrated into various technologies, there's potential for EnSilica to develop and offer AI-specific IP solutions to clients.
FPGA Implementations: AI algorithms can also be implemented on FPGAs (Field-Programmable Gate Arrays), another area where EnSilica has expertise. While FPGAs are not as commonly used for AI as GPUs or custom ASICs, they offer flexibility and can be reprogrammed as algorithms evolve, making them useful in certain AI scenarios, especially in the prototyping phase.
For EnSilica, AI represents a potential market to cater to, especially as demand grows for custom hardware solutions optimized for AI tasks.
One to watch
Yes it is a great RNS but no revenue on it till FY 2025.