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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.
Hmmm very interesting!
Puts in £20k…
Agree. Shareholders have been stitched up royally. Rox wants all. Wouldn't surprise me if they were scooping up all the existing outstanding shares they can grab at 3p with the share price deliberately sabotaged by the announcement to delist in conjunction with the fundraising.
Absolutely astounding.
09:55
If two large shareholders hang onto their holding leaving a small number for us plebs, then the SP will rocket upwards.
P
“The company has entered into an exclusivity agreement with ROX on 5 March 2024 granting ROX the right to participate, ALONGSIDE EXISTING SHAREHOLDERS, in the Fundraise.”
“Under the terms of the agreement, ROX has confirmed, depending on the level of existing shareholders' participation in the Fundraise, ITS WILLINGNESS TO SUBSCRIBE FOR ALL THE NEW SHARES IN THE FUNDRAISE.”
Or put simply, assuming zero participation from the current cohort of institutional investors, ROX Equity Partners are ready to subscribe for all the new shares in the fundraise.
Longfell, your rationale assumes zero participation from the current cohort of institutional investors in the forthcoming share subscription. This is highly unlikely as they would want to protect their positions.
My speculative prediction is that, ROX end-up with 25%, Curren with 30%, and the existing cohort of II increase their holdings accordingly.
Either way, there’s nothing to stop a hostile approach from an opportunistic player.
AIMHO.
.
Edging up - someone loaded up with £20k's worth, surely not just punt money.
Great posts SM. However what bothers me here is a stench of corruption. Between Curran and roxi they seem to have a stranglehold on the company. I don't believe they have the best interests in the company at all and with the % of shares they own can lock out any potential bidders. Am I wrong?
Jamrock, further to my post, here are some of the company’s current fundamentals:
• City heavyweight David Mitchard has been appointed CEO of the company. Mr Mitchard, currently a Director at BAE Systems Integrated System Technologies Ltd, comes with a deep understanding of complex technological environments like Sondrel’s, and an impressive track record of business-building, stakeholder engagement, and hard-nosed leadership.
• The company’s ultra-complex chips offer significant scale improvement when it comes to latency, privacy, security, and increased efficiency; making it one of only a tiny handful of companies out there that are able to do this.
• The company notched-up a Compound Annual Growth Rate of circa 20% per year for 22 years with no external funding!
• The company’s medium-term target of annual revenues of £100m remains intact.
• Current production pipeline sits at £165m of prototype and design opportunities, of which £90m is booked in the US with 18 potential customers.
• The company has landed a significant order worth £18m to design and supply a next-generation video processing chip for high-performance video streaming solutions.
• The company has landed a further four new orders with two existing customers and two new customers. These contracts will generate a combined revenue of £0.75m in the current financial year.
• The company is currently in advanced negotiations for significant new business. European and US market demand for the company’s services remains strong.
• The worldwide semiconductor market forecast to reach $1 trillion by 2030. ASIC market alone is expected to make up 40% of that market.
• The company’s focus is on AI, Automotive, and High-Performance Computing.
• The company’s unrivalled expertise has allowed it to sign-up some of the most admired blue-chip brands in the world as it customers – Apple, Google, Sony, Samsung, Tesla, ARM, Siemens, etc.
• The company has a strong institutional investor backing in Otus Capital Management (7.28%), Joh. Berenberg, Gossier (4.66%), Herald Investment Management (4.16%), and Lansdowne Partners (4%), whilst an estimated 17% of the stock is currently held by private investors.
• House Broker Cavendish has a Target Price for the company’s shares of 20p per share based on Sondrel’s UK peer group’s EV/Sales of 2.2x.
• Financing is currently secured with private equity firm Rox Equity Partners at 10p per share – a 180% premium to yesterday’s closing price of 3.60p per share.
AIMHO
.
Sorry it said 10.25p not 10.5p on IG. Anyone else see it.
Showing as 10.5p for some reason
Can only wish lol
Bounced nowow