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If rule 9 gets waived ( Likely as its going private) youll get what the Market gives you or hold in a private company
Apart from the ones that I and every other PI own which, if they're worth 10p each (the price that ROX has agreed to pay) suits me just fine.
With 195M shares in issue with ROX owning 115M and Curren owning 40M thats 155M in total pretty much owning the company lock stock and barrel
All well and good however in a very short space of time ROX will own the company.upon re reading 26/3 RNS
ROX could easily own over 50% of the company when £2.9M CLN converted and a potential £8.5M fund raise
ROX could potentially own 115M shares
TSMC Europe are holding a Technology Symposium in Amsterdam on 14 May, this coming Tuesday.
Sondrel are exhibiting as a TSMC Design Centre Alliance Member, gaining plenty of good PR.
Maybe Sondrel will release some good information then, an opportune time.
Phrontist
SmartMoney I agree.
In fact a few weeks ago I suggested the SP could pass £1
10p is VERY low giving a Market Cap of circa £9 million.
When the order book is 10 times this! Supposedly.
The company is withholding information that should be in the shareholder domain.
Phrontist
For those unaware, SoftBank, Microsoft, and Nvidia have just invested a record £840m in UK-based AI firm Wayve!
https://rb.gy/9lbk5l
Below are the key excerpts from the article:
“UK-based firm, Wayve, specialising in artificial intelligence (AI) technology for self-driving cars, has raised a groundbreaking $1.05 billion (£840 million) in what marks the largest investment in a European AI company to date.”
“The investment has garnered attention at the highest levels of UK government, with Prime Minister Rishi Sunak proclaiming it as a testament to the UK’s stature as an “AI Superpower.”
And what is Europe’s largest, and most experienced, chip design team’s role in intelligent cars?
https://rb.gy/ofsgi7
Yes, that aforementioned description of Sondrel was TSMC’s (the world's largest chip maker by revenue, beating Intel and Samsung) view of our materially undervalued company. But not for long.
I mentioned something two weeks ago and I will mention it again today:
“Everyone has a will to win, but very few have the will to prepare to win.” (Vince Lombardi)
Make sure you are part of the few. This stock (share price) will look very different in a very short space of time.
https://rb.gy/wux0tk
AIMHO
.
Look at the web site, you see a successful multinational very high tech microelectronic business.
Confident.
Look at Investor information, the last financial information issued was for H1 2023. Then nothing for over 10 months!
Has this company heard of Quarterly Accounts? Half Year Accounts? Full Year Accounts for 2023?
Do they have an Accounting and Finance Department? Has there been a CFO in place?
Are the BoD breaking AIM Rules by withholding Management Accounting information?
Keeping Accounts Information up to date is simple with modern accounting software. The only reason to miss accounts reporting dates is to hide information.
Baffled? Definitely.
10p is where this is heading if not taken over before then
Worth remembering Triumph for every buy there's a sell and for every sell there's a buy.
Still expecting an RNS at some point re the huge buys totalling over 6.1% of the company on friday
Looks like all the spare stock has been hoovered up...
Sell price is 4.3p so there is buying interest again.
Can suddenly sell the lot at 4.10 Never had that before that I've seen. I anticipate a positive week ahead
Just one sniff of another interested party will unlock the chains on this one. My 15p takeover target price would soon be history...
Trades on friday were also interesting. 4 large trades, more likely than not made by the same individual given the time stamps and similar size. Whether they were buys or sells remain to be seen, but surely if they were sells, this would have tanked the SP. Instead, it ticked up in the afternoon, so they were possibly buys.
Total traded was 5,350,046 @ 4p totalling £214k. This is over 6.1% of the company, so someone is making moves here! Someone liked what they saw at the TSMC tech symposium perhaps?
Surely we can expect to see an RNS next week re the nature of these transactions.
SmartMoney1. Good post with lots of relevant info. Assuring to see insiders buying at these low levels as they will know what is really happening behind the scenes.
We dont know that yet John. Looking into ROX, they are nothing special, just a bunch of small fry ex city boys that got very lucky on one of their investments during the covid period where company prices went wild and hit bubble territory. Made about $80m overnight practically after the co they invested in hit it big with a massive series F funding round. They flipped out and hey presto, now they wear bigger boy pants.
What this tells me, is that they are not interested in full ownership at all as it is simply not their strategy. Thats why they also want a waiver of Rule 9 of the City Code on Takeovers and Mergers as otherwise, they would need to put in a mandatory offer for the company as they will exceed 29.9% of the holding. Probably why Sondrel want to go private too...it helps with this sort of bigger funding, but i can assure you they are not interested in 100% ownership. For the simple reason is that it would be too risky for them to do so. They are more like VCs.
I believe these boysies at ROX can navigate these bunch of feckless science nerds through the murky world of business and finance as curren clearly doesnt have a scooby do. They can actually help them add significant value to the business, thus help other shareholders who hold through private too.
Exactly the reasons ROX are going to get SND on the cheap aided by ex CEO Curren.
I can't help but feel that offers are being made at present, but remain confidential.
Quite what will break it all out into the open I'm not sure.
Maybe frustration from the offeror(s), whoever they may be, if Curren and ROX are being uncooperative.
They may break cover, if they feel that it is the only way to gain access to this established team of designers/knowledge/talent.
For those unaware, Sondrel showcased its ground-breaking, ultra-complex, custom chip design services at the TSMC 2024 Technology Symposium; held yesterday at the JW Marriott Austin hotel in downtown Austin (Texas).
https://rb.gy/2mhmbu
https://rb.gy/k42193
By way of information, TSMC is now the world's largest chip maker by revenue, beating Intel and Samsung. The company earned £55.4bn ($69.3 billion) in 2023, significantly more than Intel, whose revenue dropped to £44.5bn ($54.23 billion), and Samsung, which earned £40.7bn ($50.99 billion).
https://rb.gy/3yd3i9
So it goes without saying that, when a tech giant (TSMC) updates its description (on its website) of one of its key partners (Sondrel), it’s prudent to sit up and pay close attention to the wording, which may, or may not, mask elements of its future ambition in the chip design space:
“Established in 2002, Sondrel has the largest and most experienced consulting team in Europe, with wide ranging expertise across all aspects of the design flow and all industry-standard EDA tool suites.”
“The company's capabilities cover the entire IC design spectrum from RTL design, through to verification, emulation and DFT to physical implementation, and include power analysis and yield management.”
“Sondrel is experienced in highly-complex digital, mixed signal, analogue, low power and wireless designs having completed over 200 designs at a range of process geometries down to 28nm, all of which were delivered right first time.”
“With offices in the UK, USA, France, Italy, Israel, Sweden, and China, Sondrel provides flexible services and methodology consulting to many of the world's leading semiconductor companies, enabling them to improve chip performance and reduce timescales and costs.”
https://rb.gy/emo16d
The key takeaway for me was this part: “Sondrel has the largest and most experienced consulting team in Europe, with wide ranging expertise across all aspects of the design flow and all industry-standard EDA (Electronic Design Automation) tool suites.”
So, what value, do you think, should be ascribed to a company with the largest and most experienced chip design team in Europe? £3.5m?
Yes, feel free to bark the unsavoury but apt remark, “What the ….!”
And so you should. The current valuation is, quite frankly, preposterous!
So take cue from those in the know:
https://rb.gy/df8inp
https://rb.gy/hzu7q8
https://rb.gy/wux0tk
AIMHO
.
Can buy and sell at 4.000. Don't see that often!
The upcoming funding read the previous RNSs
ROX do not own any shares at moment I believe. Where will they get them from other than loan conversion at 10p. Is there enough shares free at moment to be able to do this ? Not sure where this will go T.B.A. Would a 15p offer be accepted by shareholders ?
Triumph in case you hadnt noticed ROX have pretty much ousted Curren and appointed their chosen CEO.
ROX will acquire SND very very cheaply.