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EnSilica – expects to “significantly exceed current market expectations for EBITDA”… but how bullshit are those ‘Earnings’?

By Steve Moore | Thursday 27 April 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 leading mixed signal chip maker”, EnSilica (ENSI) has issued a trading update including that it “now expects the results for FY23 to significantly exceed current market expectations for EBITDA by approximately 30%”. So what of the shares currently approaching 14% higher at 70.5p, but still well down from above 100p earlier this year?
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