By Steve Moore | Tuesday 5 November 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.
With its results scheduled for today, I recently suggested why EnSilica (ENSI) may be ‘pleased to announce’ a new debt facility. Describing itself as “a leading chip maker of mixed signal Application Specific Integrated Circuits”, the company today headlines the announcement of the results for its year ended 31st May 2024 with “Ongoing contract momentum underpins significant demand for EnSilica's services. New contracts signed with a lifetime expected value of $65m post year end”. So why currently an approaching 7% lower share price response to back below 50p?
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