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Https://www.tipranks.com/news/company-announcements/sondrel-executives-bolster-shares-signal-confidence
A fabulous entry point right now.
Maybe the directors are simply happy just to invest whether the company is public or private.
I was surprised this took so long for the SP to more porperly reflect the positive news in yesterdays RNS. I suppose the BoD wanted to avoid a spike? Buying sub 3.8p early doors was a gift!
Most investors missed the Director buys RNS after hours yesterday. Why would they buy unless they were sure the share price was going to rise?
Reading SmartMoney's post
However, as a consequence of the above delay, the cash position of the Group has further declined during December 2023. The Company has been unable to meet December 2023 payroll in full and therefore the Company's Directors and senior management have agreed to defer their salaries and fees until such time as the delayed funds are received. The Company has asked certain employees to defer on the same basis, and is pleased that in excess of 67% of Group staff have agreed to full deferral, with a significant additional number agreeing to partial deferral.
Price fell because of delisting, now get lost.
Go away earl this company is far too good for you to comment on.
Ahanda
stop comparing a loss making, cash burning company to a UK corner shop which is in a different league.
SND could do with a placing to give them breathing space for longer life,
but get this..... directors wants to crash sp
Cash burn means they had to starve off payments to It's Staff,
this company has potential but SND money ran out, and that's why Sp Fell to 2.6p
no cash means insolvent
You can buy one of the most advanced technology firm in the uk for the price of a corner shop
Mind the bid
SFA available @ 4p
BOOOOMMM
Bid.moving up
Topped up, looks like a 100000 buy order followed mine also, small float, interestings - gla
OBI worth a look also. Their product is being adopted Worlwide. May need more funding but am in for the takeover potential.
Yes
The 2 big movers willbe SND and RQIH
Seems likely
Can now. 3.8p on HL for £300..on the move
Even £300 worth
Agreed Smart Money - let’s see what unfolds. Interesting that it was released after hours too - more news coming?
Great summary Smartmoney
Great post SmartMoney, glad I have a small stake here. It will be intriguing for sure.
I mentioned in my previous post (of 17th April) that the head honchos of C4X Discovery, Molecular Energies, and Redx Pharma (Clive Dix, Peter Levine, and Lisa Anson) had all swooped-in and picked-up their company’s stock at ‘fire-sale’ prices only weeks after their delisting announcements, and after unsuspecting private investors lost their shirts through panicked sells.
Well, and as if on cue, Sondrel has just ticked that box with the CEO and CFO’s bargain share purchase at 3.50-3.60p per share only 3 weeks after their ‘delisting’ announcement!
And why isn’t this a surprise? The company’s stock, as previously stated, is incredibly undervalued across all industry benchmarks, and probably the most undervalued chip maker in Europe.
But more importantly, private investors have been given the clearest indicator of the material mispricing on display through the cornerstone investor’s funding commitment at 10p per share – WHICH SET A NEW FLOOR FOR THE SHARE PRICE.
And let’s not forget House Broker Cavendish’s Target Price for the company’s shares of 20p per share based on Sondrel’s UK peer group valuation.
In the meantime, private investors should be aware of ROX’s unspoken modus operandi:
• SILVERBRIDGE DELISTING ON THE CARDS AFTER UK FIRM POUNCES (April 2022)
The deal must be concluded by 31 August 2022 – including receiving the necessary regulatory approvals. Also, SilverBridge must have applied to the JSE by this date for the termination of the company’s listing on the bourse’s main board.
• SILVERBRIDGE TO REMAIN LISTED AFTER ALL (June 2022)
Technology services company SilverBridge will remain listed on the JSE after all, after its acquirer, UK-based ROX Equity Partners, agreed to waive the delisting requirement in its offer. ROX has waived several other conditions, greasing the wheels to the conclusion of the buyout – pending mandatory regulatory approvals.
“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.
AIMHO
.
Both buyers are well aware that the Co intends to go private. I dont believe it will reach that stage. Tempted to buy more after last profit skim as it looks like changes will occur very soon.