Member Info for Phrontist

Bright stone, try Interactive Investor

I hold a few SND shares on ii

It is possible to trade from there using jpj

There are suggestions of one trading opportunity per month.

P

A General Meeting is called for on 12 August 2024 to hold a Shareholder Vote on whether to De-List and go Private or to stay on LSE AIM market.

Clearly ROX/Curran vote to De-List will win the day.

Clearly they will know the H1 2024 Accounts position.

So, it is only fair for the PI 25% or so shareholders to receive the same Accounting information, enabling their decision to sell or join the Private move.

P

I think H1 2024 Half Year (unaudited) Accounts will be required before any serious share buying/offers will occur, to verify the Profit & Loss plus Balance Sheet position following ROX activity.

Also the Sales in H1 are important plus a Sales Forecast for H2 2024.

P

What are near term possibilities:

1 delisting to private ownership, motivated by ROX / Curran substantial share ownership.

2 work for a strong 2024 H2 trading period.

3 serious takeover bids, flavour of the year for microelectronics businesses ATM

What ever way, the SP could open in strong demand knowing there is less than 25% shares available and ROX value them at 10p each.

P

Now PI's need to see 2024 H1 Half Year Accounts which will show the stabilising effects of ROX cash injection, though possibly not dramatic increase in sales so quickly.

Expected date?

Phrontist

RNS states that 2023 Financial Results will be out this Thursday.

Presumably prior to 8am when SND shares should be floating on LSE again.

Phrontist

Are they just just cancelling LSE shares? That seems an unusual achievement.

What is possible is to go private, meaning someone with plenty of cash will buy up the PI shares.

Noting that Curren owns about 24% and the Hedge Fund owns about 50%.

If the SP rises dramatically after 2023 and 2024 H1 Interim Accounts, then it could be wiser and cheaper to let the LSE situation just run on, not try to force SND into private hands.

They need to be careful to avoid taking advantage of LSE shareholders by abusing the use of insider information.

P

Look at Alphawave IP, profit - never made any, Sales £82m in 2023 down from 2022

With an MC of over £1B - simply wow

We all know that The Sondrel MC at a LOW £8M is such due to NO Accounts for a year.

Clearly Admin & Accounting at Sondrel still has a long way to go.

But, the business value stems from its abilities, successes, competitive benefits to clients.

The company is very likely to be doing well on Sales Invoicing since finance funding came in.

So, an AGM tomorrow. Will any little tit-bits leak out from the Board?

About how company performance is going well now....

We know that the LATE 2023 Accounts will be poor financials, hence the low SP, low MC.

But supposing Sondrel decide to release 2023 Audit followed by H1 2024 Interim Accounts, typically include a balance sheet, income statement, and statement of cash flows (but not audit).

AND, the loan capital followed by the capital injection, and excellent order book, have enabled the experienced development team to deliver £ Sales over and above the companies 2023 Accounts, by a mile.

The SP / MC could rocket - upwards.

As we approach (1 July) with a short period of SP Suspension - should you be HOLDING? Or should you be OUT?

When I look at the Alphawave Accounts with a £1B MC (Market Capitalisation) , no profit, £80m+ Sales...

I think, Sondrel COULD (DYOR) jump 5, even more, times SP / MC...

Looking at the Web Site, this is a Microelectronic Business REALLY GOING SOMEWHERE UPWARDS

Phrontist

Sondrel have a USA Office. Now the company has much improved financing, if the USA side developed well, a NASDAQ listing could be great.

Or just sell out to a large company bid.

P

The founder Curren owns just under 23%

No longer in public hands 53%

Leaving 24% tradeable

No other holders above 3%

£5.6 million receipts into Sondrel bank

An AGM is being held on 27th for shareholders only

There have been no Accounts issued since those covering H1 2023

Directors propose to explain this on the 27 June meeting when a date for publication will be given for FY 2023 Accounts.

The company appear to be doing very well from published business activity reports.

My guess is they wish to publish H1 2024 provisional figures with 2023 Audited accounts.

DYOR on SND web site.

One forecaster is suggesting an SP up to 28p during July.

Phrontist

If I had to give reasons for low speed:

High cash borrowing

Low growth

Years of loss, never a profit

Fix those then you fix the SP

Phrontist

Today 06:28

This article was published 10 July 2018, this reports on the S4 / Media Monks beginnings. Just a few minutes to read but well worth it.

Personally I think S4 should be reporting Accounts and Forecast every quarter within 6 weeks of quarter end. Be up front and honest with shareholders. Then Private Investors can be more confident when making Buy/Sell decisions.

P

12:47 some reasons could be:

Last six years, no positive Net Income declared.

Last year had declining Sales even though new companies had been added into the group.

BoD has no business plan how to reduce large cash borrowing.

IMHO the best option for S4 is to be bought out by a larger US based Cash Rich competitor.

In the medium to long term S4 could become an excellent business.

P

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

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.

A rare opportunity 😁

£1+ is a little low...

Once a few bidders get the smell of this

Phrontist

09:55

If two large shareholders hang onto their holding leaving a small number for us plebs, then the SP will rocket upwards.

P

Real information about thinking of SND staff/director shareholders is non existent.

A hedge fund or financial operation is not going to buy SND because key staff will wander off to greener fields.

A technology company takeover from abroad will also have difficulty holding the business together.

A microelectronics company like ARM could easily make a success of a Sondrel takeover. There is synergy there and Sondrel staff would see a good future in staying.

Plus ARM and Sondrel are geographically close.

Phrontist

Earlier today I noticed a 'forecast' from some financial institution suggesting no profit this year and likely no profit in 2025. For better or worse I decided to sell.

S4 is a great medium/long term share but in the short term it cannot muster any strength.

Maybe a serious buyer will appear, but it seems likely Mr Golden Share Holder will block them until at least S4 makes some profit and also makes a serious inroad into the debt pile.

P