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New EnSilica post on Reddit and my blog…

‘EnSilica (🇺🇸 ENSIF, 🇬🇧 ENSI, 🇪🇺 F0Z) - Why this semiconductor specialist could be worth over £5.00 / $6.79 a share by 2030’

www.reddit.com/r/EnSilica/comments/1t2gv86/ensilica_ensif_ensi_f0z_why_this_semiconductor/

Great news… polaris.brighterir.com/public/ensilica_plc/news/rns/story/xp7e61x

Those shares aren’t being sold in the secondary market though from what I can see. It is just general trade with the pressure of the Middle East conflict in my opinion.

EnSilica Enabled AST SpaceMobile Seeks to Double Fleet Size…

Assuming EnSilica designed AST5000 chips are used (as with AST’s latest BlueBird Block 2 satellites) I suspect this could significantly increase the previously confirmed contract value estimate of c.US$28m over the next 10 years.

They’re reportedly seeking to go from 243 to 543 satellites. In EnSilica’s FY2025 presentation last November (see image) it looks like EnSilica were expecting 245 satellites by 2028, so another 300 or so satellites may result in a notable boost to royalties if the AST5000 chip is used.

Read more…

www.reddit.com/r/EnSilica/comments/1s5ft24/ensilica_enabled_ast_spacemobile_seeks_to_double/

Yeah, I am very positive about the significantly oversubscribed raise as it will hopefully notably accelerate growth and profitability.

It is over three times the ‘Use of Proceeds’ target for new capital to be raised set prior to the offering (which I had visibility of) and demonstrates very keen interest in EnSilica in my opinion. As well as a core institutional investor being involved early in the process, there is a family office also investing so it will be interesting to see who that is.

My article on the raise…

doublebubbler.com/2026/03/13/ensilica-raising-substantial-capital-to-unlock-matched-funding-accelerate-opportunities/

Allenby have updated their company note on EnSilica following the Siemens chip reaching production tape-out earlier than expected. Of particular interest…

‘Discount to sector, sector multiple implies a price around 95p. EnSilica currently trades at a c.50% discount to the sector which we believe reflects, in part, the 2025 earnings setback caused primarily by the delayed SIAE contract. Interim results indicate that the company is back on track, with growth and profitability improving. Applying a sector multiple would imply a price of around 95p, while a takeout valuation on a similar basis to SatixFy Communications’ 2025 acquisition would imply a price in excess of 300p.‘

Matt Butlin, Allenby Capital, 17 Feb 25

Read the full company note… www.allenbycapital.com/client/ensilica-plc/

Actually on further research I guess a prototype ASIC Oxford Nanopore mentioned in 2024 theoretically could be connected but there doesn’t seem to be any notable connection other than EnSilica reporting the Edge AI contract later in 2024. If it was ON related I would have expected EnSilica to report the Edge AI contract in GBP not USD.

Is there anything else that leads you to your suspicion?

The Edge AI contract will undoubtedly be important for the current FY.

Quite why you think it has anything to do with a ten year old product that is discontinued I am not sure.

Hello fellow IES investors!

After some deliberation I decided earlier today to take an initial position in IES. My primary focus on the AIM exchange is ENSI however in time I may also build a relatively large position in IES all things going well.

For anyone curious I write about my investing on my ‘Musings While Collecting Dollars’ blog but I am most active on Reddit at r/DoubleBubbler.

May fortune favour the brave!

The market maker(s) attempted over the last couple of days to take the share price back down in my opinion (with dubious uncrossed trades after-hours etcetera). The Cool EnSilicats are not letting that happen!

It looks like ENSI gained some support immediately after my purchase announcement yesterday as well as the report to the FCA. A market maker on best behaviour given approaching scrutiny perhaps? I like to think so.

As reported on Reddit earlier, I have increased our combined shareholding to 1,250,000 shares today. I bought 47,865 at 48.5p.

I have also reported, along with supporting evidence, suspected market abuse by an individual or individuals involved with making a market for EnSilica shares. See my sub or blog for details.

A very interesting comment about ‘digital-to-analogue’, thanks Onbeyondzebra. I have some homework to do on this topic it seems.

Yes, they acknowledged my suggestion of a dual-listing in the US. However I do not know the outcome of the management team’s discussion and investigation into it though as I am not privy to insider information.

I didn’t ask the question on the call as I was satisfied they had already taken on board my suggestion, along with the data I submitted demonstrating tens of millions of international investors are currently unable to invest in ENSI as their broker doesn’t carry either ENSI or any AIM stocks.

I am quietly confident they will list on the OTC Markets this year.

Not me Jim. Right now I expect to hold ENSI for a number of years, I have also publicly committed not to sell any ENSI shares this year.

I agree Onbeyondzebra. I would like to see an OTC Markets listing at the same time as, or after a positive catalyst such as a major contract win, or an announcement about being on-track / exceeding FY26 guidance for example.

Yes, being on AIM definitely has its advantages given the lighter regulatory burdens, but an OTC Markets listing doesn’t notably add to the burden from what I understand, nor is it prohibitively expensive right now given EnSilica’s cash position. It seems like a sensible middle ground before considering a main market listing in future.

A perky start to the day as expected. Once again showing the power of Reddit as a more effective forum for discussing and raising awareness of EnSilica in my opinion.

AST SpaceMobile is an exceptionally popular investment with over 42,700 Reddit sub member, many of whom I suspect will be open to considering ENSI as an investment given EnSilica’s design work for the pivotal AST5000 chip. In my opinion a dual-US OTC Markets listing should be a priority for 2026.

In my opinion Gordon the key determining factor for whether ENSI needs to raise cash will be whether the Edge AI chip is taped out in the coming months (as per updated guidance). With it, I think we’ll be fine, without it, we could be in for another roller coaster ride of a year.

Thanks Onbeyondzebra, it is very interesting to read your opinion. Like you I see a broadening business in growth industries and am particularly excited by the $400m+ sales and opportunities pipeline mentioned in the FY25 webcast. 2026 will hopefully be the foundation year that finally provides ENSI a solid base to rise up from in the coming years.

As for the US, there is notable interest across the Atlantic it seems. For example a comment of mine on Reddit in relation to EnSilica Enabled AST SpaceMobile has had over 12,000 views so far this weekend with about 63% from North America. The number of members of the r/EnSilica sub-Reddit there has grown 15% this weekend alone and is now approaching 250 members. The more members actively discussing EnSilica on the sub should be a virtuous circle of raising international awareness, much more so than UK focused forums such as LSE and ADVFN in my opinion.

You may not be aware, but an OTC Markets listing is not particularly onerous for management and is relatively cheap compared to an NYSE listing, but makes the company far more accessible to US and other international investors. Rolls Royce for example trades on the OTC Markets as RYCEY and has a substantial US following (with more than 3x the number of Reddit followers compared to the UK focused share sub). If an OTC Markets listing is achieved then I think it will reduce the time taken to achieve a £100m+ valuation substantially.

Fingers crossed for 2026!

t212 has issues with some stocks it seems. as discussed on reddit…

it appears that their system does not always go out to the market for shares but looks for them from within its own client base (see 10.2 on the link below regarding t212’s systematic internaliser).

i am guessing that something breaks down with the internaliser process when no shares are available within its client base, and then their system fails to go out to the market instead. i had an order delayed by a day recently even though i could freely buy shares via my primary broker ii and the order only went through the following working day (after an rns caused a jump in the share price). not impressed.

https://www.**************/legal-documentation/uk/common/order-execution-policy_en.pdf