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Sondrel – argues a “pleased to provide” update on trading and key milestones, so why the share price fall?

By Steve Moore | Wednesday 15 February 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Describing itself as a “fabless semiconductor business providing turnkey services in the design and delivery of 'application specific integrated circuits' and 'system on chips' for leading global technology brands”, Sondrel (SND) states that it “is pleased to provide an update on trading for the financial year ended 31 December 2022, and key milestones achieved since the group's IPO in October 2022”. So why are the shares currently 10% lower at 54.5p in response, and now below the IPO price?
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