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EnSilica – “pleased to announce” appointment of another broker. I wonder why…

By Steve Moore | Wednesday 20 March 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.


Semiconductor circuits company EnSilica (ENSI) has announced that it “is pleased to announce the appointment of Singer Capital Markets as Joint Broker with immediate effect. Allenby Capital remains as the company's Nominated Adviser and Joint Broker”. Why might it now be “pleased to announce” this, but the current market reaction be a 5.5% share price fall towards 60p?
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