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
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.
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 ."
Https://www.cnbc.com/2023/12/13/fed-interest-rate-decision-december-2023.html
Fed holds rates steady, indicates three cuts coming in 2024
Https://www.cnbc.com/2023/12/14/online-retailer-temu-files-fresh-lawsuit-against-rival-shein-in-us.html
“We sued Shein because recently their actions have escalated. They began to illegally detain merchants, forcibly asking for their phones, stealing our merchant accounts and passwords, stealing our business secrets, and simultaneously forcing merchants to leave our platform,” said a Temu spokesperson
Glad to see some of the muppets on here starting to realise the value of the shares they claim to hold
Liberum is a non entitity
The value of the the SOTP is 600p/1000p per share
See you in paradise
These will be the same GP's that have always rubbished taking Vitamins ,you get all you need from the food you eat they say.
Really? Actually the soil is so poor that it has been robbed of most nutrients.
Why are there so many sick people on waiting lists if the GP's had a clue what they were doing?