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Sondrel – “New Contract Win and Corporate Update”… now it’s cash crunch in just a couple of days!

By Steve Moore | Tuesday 27 February 2024


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.


“New Contract Win and Corporate Update”-titled announcement today from Sondrel (SND), which describes itself as “a leading provider of ultra-complex chips for leading global technology brands”. It emphasises the contract win has “a total estimated value of US$23 million”, so very good news from a prior below £10 million market capitalisation with the shares just above 11p?
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