r/UkStocks

I’ve been looking into a few different platforms recently and didn’t expect it to be this hard to choose. On paper a lot of them seem similar, but once you dig in it’s always tradeoffs, fees, UX, range of assets, how easy it is to actually use day to day.

I’m not trying to find the perfect one, just something I won’t feel like switching away from in a few months. For those already investing, what made you settle on the one you’re using now?

As some readers may recall, last September I made the bold assertion that EnSilica could be worth 13x its share price at the time. Back then the company was valued at 38.5p (≈$0.52) a share and following a series of positive developments since, it is now trading on the OTC Markets at $1.53 (≈112p). That progress in my opinion is the early stages towards 13x and beyond, and given much has happened since September I thought I would outline my opinion today on why this promising semiconductor specialist could be worth over £5.00 / $6.79 a share by 2030.

EnSilica is a semiconductor designer, with a fabless business model like Nvidia, Broadcom and Marvell and partnered with companies such as TSMC, Global Foundries, Arm and Cadence Design Systems. They are developing a world class reputation for high-value, high-margin chips such as the AST5000 chip at the heart of AST SpaceMobile’s Block-2 BlueBird constellation satellites. In addition to their reputation they are in possession of and developing intellectual property and expertise for chips essential to modern life. Satellite communications, post-quantum secure computing, automotive, industrial, healthcare and notably a suite of chips for satellite user terminals, a multi-billion dollar industry, where EnSilica has just signed its largest contract to date for potentially in excess of $50m¹. I anticipate this will be the first of a number of notable contracts in this space.

Furthermore MDA Space paid a 13x multiple of sales for EnSilica’s competitor Satixfy last year, and with EnSilica being one of a few companies worldwide (and possibly the only European firm) developing the entire satellite user terminal chipset (RF beam-formers, mixers, digital beam-formers, modems) along with corresponding satellite payloads, it isn’t beyond the realms of possibility that EnSilica may also command a 13x multiple on acquisition. Looking at it another way, EnSilica’s competitor in the post-quantum encryption market SealSQ Corp currently trades at a forward PS of 18.1 according to Simply Wall St. The addition of EnSilica’s anticipated and government grant funded secure processor for critical infrastructure can’t come soon enough!³

In the last six months we have seen EnSilica announce a record trading update for the first half of the financial year (FY26) ending this month. A further trading update anticipated imminently will hopefully confirm record results anticipated for the full year, along with the firm confirming it is in a far stronger position financially following a significantly oversubscribed fundraising recently ‘to accelerate new products and projects and its growing contract pipeline’⁴. I would also not be surprised to see EnSilica confirming material progress on its statement last November confirming ‘ambitions for the medium term (3 to 5 years)’ of ‘annual revenues in excess of £60m and longer term (6 to 10 years), our order book and opportunities give us extended aspirations of £100m of revenues.’⁵

EnSilica’s largest contract announced to date in the satellite user terminal market paves the way for potentially more orders in this space, especially so given what Ian Lankshear, CEO & Co-Founder, stated in the recent H1 FY26 trading update webcast in January. ‘We already have four chips sampling with customers, with further devices in development, and we have a number of funded engagements with user terminal manufacturers and satellite operators who are evaluating our chips in funded engagements—as in, they're funding us to support them. We're also working with multiple user terminal OEMs in terms of their responding to operators' RFIs, using our chipsets. So, a very exciting area, lots of potential for future revenues, very high revenues when those constellations get launched.’

With potentially accelerated progress in this sector (and the various others EnSilica is specialised in) in part thanks to growing critical mass following contract wins and improved financial arrangements, I hope to see EnSilica with revenues comfortably exceeding £60m / $81m in 2030. Assuming £60m revenue, achieving a share price of £5.00 / $6.79 will therefore require a PS multiple of about 10. Stretching yes, but far less than the 13x MDA Space paid for Satixfy, and less than peer Filtronic currently trades at, which is over 11. It is also substantially less than Nvidia’s current PS of 22, Broadcom’s current PS of 29, and Marvell’s current PS of 17.6 according to Simply Wall St data.

All considered EnSilica still offers tremendous value in my opinion. And while I do not expect the share price to rise in a straight line I do expect the patient investor will be richly rewarded in the coming years.

May fortune favour the brave,

Mark aka Double Bubbler

¹ https://www.londonstockexchange.com/news-article/ENSI/major-spacetech-contracts/17559666
² https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2026/04/260423-EnSilica-plc-ENSI.L-Space-industry-contract-Allenby-Capital.pdf?c5301=on
³ https://www.londonstockexchange.com/news-article/ENSI/ensilica-to-develop-critical-infrastructure-chip/17326647
⁴ https://www.londonstockexchange.com/news-article/ENSI/result-of-oversubscribed-placing-and-subscription/17501286
⁵ https://www.ensilica.com/wp-content/uploads/2025/11/272132-EnSilica-AR-WEB-version-2.pdf

Great entry for a 10-year hold, let me tell you my thoughts - not financial advice just my opinion.

Investing in Persimmon (PSN) represents a high-conviction "call option" on the UK housing recovery, offering a 5.7% dividend yield backed by a robust 1.8x cover. While the "Hormuz Strait" geopolitical shock caused a temporary share price crash, the company’s fundamental value remains protected by a debt-free balance sheet and a land bank currently priced at a recessionary 1.15x price-to-book—well below its 1.8x historical mean.

The company’s unique vertical integration, manufacturing its own bricks and tiles, acts as a critical hedge against the inflation that cripples its peers. By producing the most affordable homes in the market, Persimmon captures resilient "trade-down" demand, evidenced by a steady 0.76 sales rate even amidst macro volatility. This operational edge ensures that the 60p dividend floor remains secure while positioning the firm to lead the industry as volume targets rise.

Yesterday’s Bank of England update to hold interest rates at 3.75% provides a vital "green light" for the sector, stabilising mortgage costs and removing the immediate threat of further affordability shocks. With the House Price Index (HPI) continuing to trend upward despite global headlines, the disconnect between depressed share prices and rising asset values offers an asymmetric entry point for a long term investor who can clip the potentially rising dividend yields (special dividend yields likely down the road) whilst waiting for mean reversion to historic 1.8x price to book value.

Finally, the Labour government's pivot toward mandatory housing targets and a £39 billion social housing program provides a structural tailwind for Persimmon’s high-volume business model. As interest rates normalize and planning reforms "bed in," the potential for a 50%+ capital re-rating to mean valuation, combined with a compounding yield, creates a powerful total return profile for those being "paid to wait.

Or any good companies with zero UK presence?

I read Shareholder Yield (A Better Approach to Dividend Investing) by Mebane Faber and ran a stock screen for UK listed equities with high Shareholder Yields and positive price change over the last 6 months. I excluded Closed End Trusts from the screen and came up with the following list of 7 UK listed stocks.

https://preview.redd.it/w24hunr99fyg1.png?width=1560&format=png&auto=webp&s=d85d2e9454602bb2ec10e832342c33ad09ebfaf7

I ran the same screen but included stocks which did not have positive price change over the last 6 months and came up with following list

https://preview.redd.it/amm84jw2afyg1.png?width=1416&format=png&auto=webp&s=af9f1dc552ff3f7faa269d92f8c74ccb9c50b366

I will start following the 2 lists and aim to equal weight invest in all stocks with positive trailing 6 month price performance over the next few months. Will update weekly. Any and all feedback welcome.

As lloyds is back below 100, is it time to buy again or the new Revolut bank will begin to address Lloyd's market?