From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

EnSilica – “pleased to confirm… a strong performance”. Er, what about “the slower economy and the impact that had on the start of new supply contracts”?!

By Steve Moore | Tuesday 14 May 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.


Writing on company describing itself as “a leading chip maker of mixed signal Application Specific Integrated Circuits” EnSilica (ENSI), yesterday I concluded with the shares down towards 60p that at least ahead of some further financial certainty and with a still above £50 million market cap still avoid/sell. What then of today a trading update commencing, “pleased to confirm that EnSilica has delivered a strong performance in the year, buoyed by continued new business momentum, the execution of significant contracts with key customers and a maturing of the supply business model”?

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

AAU

Ariana – Surprise!

Time left: 22:07:56