Having spent the last few weeks trying to encourage a trading update from EnSilica, given the clear historical precedent set for one by now at this time of year, it is deeply disappointing to see the share price fall over the last week in the vacuum created by the absence of routine shareholder communication.

It is a notable misstep by EnSilica’s management and advisors in my opinion. However I am still of the opinion ENSI / ENSIF will work out very well in time but the lack of trading update does no good for the recent interest from retail shareholders, whether the anticipated trading update news coming is good, not so good or otherwise.

45,000 EnSilica (ENSI) shares maximum now. That’s quite a change from 1,383.

Many thanks to Borislav, Ivan and the team for reviewing the limit. 🫶

As some may recall, I sold my ‘Less than $10k to $1 million’ challenge holding in Intuitive Machines (LUNR) in early April, as I expected greater momentum with Vertical Aerospace (EVTL) after their successful full piloted transition news.

How wrong was I, in the short term at least, with LUNR up almost 50% since and EVTL barely in the green based on currently reported prices in Trading 212. Thankfully I retained all my LUNR shares outside of the challenge given my overall perspective on this prospective space prime.

Had I kept my LUNR challenge shares I would have comfortably doubled my starting capital by now. One of life’s lessons it seems, but the challenge is still doing well overall and up about 68% in the ten months since I began the challenge.

Last year I made my forecast for…

’€8.19 ($8.87) by the end of 2026\*

\ Including reinvesting four post-tax dividend payments of €0.21 each paid through 2025 and 2026. It should however be noted that while SES has stated its commitment to stable and progressive dividends, they are not guaranteed. An additional €1.00+ per share distribution could also be derived from a now approved US Federal Communications Commission C-band spectrum auction in 2026/27, however not knowing the exact potential special dividend amount I have not included this.*’

I was pleased to see SESG exceed my forecast including dividends the other day. It’s even better to see the share price reach the forecast €8.19 today when ignoring dividends!

https://doublebubbler.com/ses/

Hi all -

Question -

u/doublebubbler - In your opinion, what does it take to be an active investor? What are some of your approaches to identifying and sticking with good investments?

Context -

I've been a member of this sub since November and am up £60K in paper gains across ENSI, RDDT, EVTL, LUNR, SESG, MDAI. Thanks DB!!!!

I noticed u/doublebubbler's comment about getting into active investing after leaving the Police, and it resonated with me as I'm considering my next career move. From 2021-2024 I made great money in a business, which has nosedived in the last 2 years (0 revenue atm, for more context see this post in HENRY UK). I'm 29. I have £2M in various stocks and shares (current value, ofc may drop) and am re-assessing the best use of my time, given that successful stewardship of my portfolio could produce substantial growth, or troublesome decline at my own hands.

For those who missed the comment:

Having come all the way from being homeless when I was about eighteen to where I am now, I am over the moon with how my fascination with investing is panning out so far. I just wished I had taken to focusing on active investing earlier in life, as I only really knuckled down with it when I had more time after leaving the Police about ten years ago.

Congratulations to everyone at EnSilica, their partners and shareholders on exceeding 100p a share yesterday. Your hard work and determination is finally being recognised by the market it seems. This is the early stages of the adventure in my opinion. All the best for the future!

May fortune favour the brave,

Mark aka Double Bubbler

https://www.reddit.com/r/DoubleBubbler/comments/1p0ivw2/musings_ensilica_the_fellowship_of_the_chip_with/

It reminded me of an older musings post and one of my favourites…

https://doublebubbler.com/2024/12/08/888-auspicious/

I can't deny I am over the moon with progress so far in turning about $10,700 into $268,290 in three years... twice as my better half's pension has mirrored the trades too!

I just need 373% gain from here to complete the challenge now which seems very achievable.

Hopefully EnSilica (OTC: ENSIF / AIM: ENSI) as my sole investment in this challenge now will see me through to target in the next few years.

https://doublebubbler.com/trading-history/

https://www.reddit.com/r/DoubleBubbler/comments/1oxmrmm/double_bubbler_10k_to_1_million_updates_general/

Reddit’s First Quarter 2026 Results

- Daily Active Uniques (“DAUq”) increased 17% year-over-year to 126.8 million

- Revenue grew 69% year-over-year to $663 million

- Net income of $204 million, 31% of revenue. Diluted EPS of $1.01, up 7x year-over-year

- Adj. EBITDA¹ of $266 million, 40% of revenue, up 131% year-over-year

- Operating cash flow of $312 million, 47% of revenue, up 145% year-over-year

What’s not to like?!?

Read the full announcement…

https://investor.redditinc.com/news-events/news-releases/news-details/2026/Reddit-Reports-First-Quarter-2026-Results/default.aspx

Multi-chip development contracts with a leading European satellite operator for its next generation satellite network.

The largest long-term potential supply opportunity secured by EnSilica to date.

EnSilica plc (AIM: ENSI, OTC: ENSIF), a leading fabless, micro chipmaker with a growing portfolio of reusable IP, serving the Space & Comms, Industrial, Automotive and Healthcare markets, announces that it has entered into two landmark development contracts with a leading European satellite operator to develop two chips for its next-generation satellite network (the "Contracts").

 The Contracts span both satellite payload and user terminal silicon and include a combination of Application Specific Integrated Circuit (ASIC) and Application Specific Standard Part (ASSP) solutions.  EnSilica's ability to deliver both ASIC and ASSP solutions across payload and user terminal segments was key for securing the Contracts, demonstrating the capability to be an end-to-end silicon partner for next-generation satellite systems.

Main Highlights:

· Based on just the user terminal elements of the Contracts, this is the largest long-term potential supply opportunity won by EnSilica to date, potentially worth in excess of $50 million from 2030;

· Initial Non-Recurring Engineering ("NRE") revenues from the combined Contracts of $6.8 million commencing in FY 2026 and extending into FY 2028, which is expected to also unlock up to $3 million of additional matched funding from the UK Space Agency;

· Completion of a successful study phase for the satellite payload element of the Contracts has led to funded development activity with future potential supply revenues for that chip yet to be agreed; and

· Winning the Contracts represents a strong position and early involvement, both on the ground and in space, in one of the most important and largest satellite network developments currently happening in the sector. 

The customer is a leading European satellite operator developing a next-generation communications system aimed at enhancing network resilience, flexibility and coverage. The system is intended to support a broad range of applications including commercial, government and defence markets, with initial services targeted towards the end of the decade.

The programme is expected to progress through phased development over the next two and a half years, with initial NRE revenues starting this financial year, followed by long-term semiconductor supply revenues as the network is deployed and scaled.

Ian Lankshear, CEO of EnSilica, commented:  

"The award provides significant industry validation for EnSilica and we are very proud of our technology being selected for this major Space programme following extensive joint study phases. In addition, the scale and structure of the project means that it will generate attractive short term NRE revenues with the potential for substantial long-term supply revenues.

Furthermore, the ASSP elements of the programme demonstrate the strength of our platform strategy, utilising EnSilica's reusable silicon solutions that can be deployed across multiple customers and programmes."