EnSilica - are the shares, now 39.50p, being nudged higher before a New Year fund-raising?

Mark Watson-Mitchell - 29.12.2025

Still in a very early stage of development, the £38m-capitalised chipmaker

is watching its shares edge higher, but on very little business.

As I have suggested before, I believe the group needs more cash on hand to fund the company's progress as it seeks to win and book more contracts, especially within the 'space sector' - and I know it will happen!

With the appointment, in early July this year, of Panmure Liberum as a Joint Broker alongside Allenby Capital, its 'placing power' will have been increased significantly.

As Chairman Mark Hodgkins has stated:

"EnSilica remains well placed as a premier European chipmaker with global reach as we seek to further capitalise on the continued demand for custom silicon across our key growth markets."

That will take a heck of a lot of development cash in its balance sheet if it is going to achieve and maintain its 'premier' status.

The Business

EnSilica is a leading fabless design house focused on custom ASIC design and supply for OEMs and system houses, as well as IC design services for companies with their own design teams.

The company has world-class expertise in supplying custom RF, mmWave, mixed-signal, and digital ICs to its international customers in the automotive, industrial, healthcare, and communications markets.

EnSilica has a track record in delivering high-quality solutions to demanding industry standards.

The Company is headquartered near Oxford, UK and has design centres across the UK, India, Brazil and Hungary.

My View

The group's shares hit 53.60p in October, following a 'spoofing operation' played out in the market.

They subsequently fell back to 32p two weeks ago.

So the rise over the last couple of 'market days' looks suspicious to me.

They may well be played higher as possible New Year Naps for 2026, however, I feel that buyers could see lower quite soon.

(Profile 02.06.25 @ 34.50p set a Target Price of 43p*)

(Profile 23.07.25 @ 39p set a Target Price of 50p*)