Sondrel – I having previously noted half-year results concerns, it’s to now be with an Interim CFO…

At lunchtime today self-described “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) announced a presentation for existing and prospective investors on 22nd September for the company’s first half of 2023 results. However, what of the hosts now being CEO Graham Curren and Interim CFO Nick Stone?

Sondrel (#SND) – CFO Joe Lopez “standing down” with immediate effect “by mutual agreement”

Sondrel – I having previously questioned how much confidence to have in the forecasts, now a dire “Trading Update”…

Previously writing on semiconductor company Sondrel (SND), early last month with the shares recovering to above 65p I questioned how much confidence to have in the forecasts and concluded it prudent to continue to Avoid. The shares most recently closed at 56p and today a “Trading Update and Notice of Results” announcement…

Sondrel (#SND) – customers project delays “as a result of increasing inflation and weakening demand in end markets”

Sondrel – “milestone completion”, what of the recent share price recovery?

Semiconductor company Sondrel (SND) “is pleased to announce that it has successfully completed the second key milestone in respect of the material turnkey Application Specific Integrated Circuit engagement for a Tier 1 OEM Automotive customer”. What of this and a continued share price recovery to now above 65p?

Sondrel – 2022 results emphasising “successful IPO”. Er, what about the missed forecasts and share price fall?!

Previously writing on semiconductor company Sondrel (SND), last week with the shares falling to 52p I wrote “in line with market expectations”… or is it?, concluding ahead of upcoming results Avoid. The company states that it now “is pleased to announce its audited full year results for the year ended 31 December 2022” and the shares have responded up on the announcement, but what of them still now at 45p?

Sondrel – “in line with market expectations”… or is it?

Semiconductor company Sondrel (SND) has issued a “Key Milestone Update” announcement emphasising that “significant progress and investment has continued in respect of the material turnkey ASIC engagement for a Tier 1 OEM Automotive customer and remains on schedule for the release to silicon manufacture later this year… As stated at the time of the company's IPO, Sondrel expects typical production volumes for each contract to deliver revenue of £10m to £100m per annum and the contract with the Tier 1 OEM Automotive customer could deliver production revenue at the upper end of this range”. So what of a share price response down more than 4.5% to 52p?

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

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?

Sondrel (#SND) – projects delays, end-December cash £4.5m

Sanderson (#SND) – 140p per share recommended offer from funds of TA Associates and Vista Equity Partners

Sanderson Group – interims “slightly ahead of management's expectations”, but...

Digital retail technology and enterprise software group Sanderson (SND) has announced results for its half year ended 31^st March 2018 “slightly ahead of management's expectations” and “the board has a good level of confidence that Sanderson will make significant further progress during the current financial year”…

Sanderson (#SND) – H1 adj. EPS +44%, DPS +14%, “further significant progress anticipated”

Sanderson – trading “slightly ahead” & “a good level of confidence”. All Good - BUY

Digital Retail and Enterprise technology group Sanderson (SND) has announced “trading results for the six months ended 31 March 2018 are slightly ahead of management's expectations” and “a good level of confidence that Sanderson will make significant further progress during the current financial year ending 30 September 2018”…

Sanderson (#SND) – H1 “slightly ahead of management's expectations”, “good level of confidence”

Sanderson Group – positive trading & “a good level of confidence” of continued progress

Digital retail technology and enterprise software group Sanderson (SND) has updated on trading and that it has “a good level of confidence that the group will make continued progress in the current financial year ending 30 September 2018”…

Sanderson (#SND) – trading “in line”, “Anisa has made a good start as part of Sanderson”

Sanderson - positive full-year results and management chat; Buy

Digital retail technology and enterprise software group Sanderson (SND) has announced results for its year ended 30^th September 2017 and that “a healthy order book and good sales prospects provide the board with a good level of confidence that, at this relatively early stage of the new financial year, the group will make further progress and deliver trading results which are, at least, in line with market expectations for the year ending 30 September 2018”…

Sanderson (#SND) – up to £12m acquisition of Anisa Consolidated Holdings

Sanderson (#SND) – FY adj. op profit up to c. £3.9m, “well positioned to make further progress”

Buy Sanderson at 71p - target 90p+

When ths share tip went out yesterday on Fivefreesharetips.com the shares were 67 offer. They are now 71p offer but still cheap. But to make sure you get in first ister now for FREE ahead of the next hot share tip at Fivefreesharetips.com HERE. Now to why Sanderson (SND) shares are still cheap...