Iqe Share Discussion Threads

[someuwin] 20/12/2016 10:36

3.7m @ 38p.

[william_quinn] 20/12/2016 06:53

Ah yump, ever the wise poor man....

[fft] 20/12/2016 06:00

It would be nice to see a decent share purchase by the new NED. I dont mean options and I don't mean an LTIP. Hopefully we see something today.It is noticeable that the CEO of phtm spent about 3m buying a substantial amount of shares yesterday. That shows confidence. If the new NED doesn't buy any shares it indicates he is just after his monthly fee and free gain via options/LTIP. Jobs for the boys.....

[yump] 19/12/2016 21:38

Steady on, some brown noses are showing a bit here.

I'd be interested to know how you have been able to assess integrity sweetnoid.
Anyway, it appears everyone is with you now the price is going up.

Presumably 'real knowledge' of the semiconductor industry is preferable to imaginary knowledge, so that can only be good.

Forgive the sarcasm, but the cheerleading and analyst-style (or is it journo-style?) posts are making me very wary.

[lpavlou] 19/12/2016 20:55

I'm a bit surprised by this appointment. Akin to a premiership player joining a minnow. It's not clear how much time he has to devote to us, given his string of other work. Is he being paid or going to help himself to our shares. Would be a good sign if he went out into the market and bought a meaningful amount of shares. Is he there to try and win new customers or put us in the shop window? Time will tell. The share price has been sticking to the current levels, which brings some stability. At this rate Ennismore will be able to slowly buy back their position without further losses.

[sweenoid] 19/12/2016 18:52

We shall have a long wait Godfrey Ainsworth is in post for the next 21/2 years before he retiresas chairman

The retirement of Godfrey and the excellent Simon Gibson was announced post AGM but takes place after their 3 year tenure finishes - June 2019

I think Dr Ainsworth is an excellent chairman , he is an accomplished businessman and has real knowledge of the semiconductor industry as well as being deeply involved in GAN through being CEO of Seren photonics.

I have met him many times and always been impressed by is knowledge and integrity.
S

[sspurt] 19/12/2016 09:08

Great news - I am presuming he is chairman elect. We shall have to wait and see.

[sweenoid] 19/12/2016 08:44

10/10 for this appointment from me, they stated at the AGM , that they were looking at 1-2 appointments for the long term.
This guy has serious pedigree, respect, influence and experience. He would not be joining IQE unless he saw great promise in the company.

Super
S

[tomyumgoong] 19/12/2016 08:18

Wow! Now that's a serious appointment! Impressed!

[owenga] 19/12/2016 08:04

Hopefully the guy has some serious business acumen. Just what the company needs to exploit the next phase of its development.

[shanieboy01] 19/12/2016 07:33

Wow even I am impressed with this appointment. The rose among the thorns

[maxwellsdemon] 19/12/2016 07:31

Phil Smith number 4730:



Phil Smith number 4730:

[someuwin] 19/12/2016 07:16

IQE PLC Iqe Plc: Board Appointment
19/12/2016 7:00am
UK Regulatory (RNS & others)


TIDMIQE


Cardiff, 19 December 2016: IQE plc (AIM: IQE, "IQE" or the "Group"),
the leading manufacturer of advanced semiconductor wafer products for
the global semiconductor industry, announces the appointment of Phil
Smith as a Non-Executive Director of IQE, with immediate effect.

Phil Smith BSc, Hon LLD, DUniv. FIET, became Chairman of Cisco for the
UK and Ireland in August 2016, after eight years as Chief Executive.
Cisco is the leading global provider of networking for the internet. Mr
Smith is also the Chairman of Innovate UK and Chairman of the Tech
Partnership. Additionally, he sits on the Board of the National Centre
for Universities and Business (NCUB).

Mr Smith has a thirty- five year track record in the technology industry
in leading companies including Philips Electronics and IBM. As Chief
Executive and now Chairman of Cisco, he leads around 5,500 people in the
UK and Ireland. He created Cisco's British Innovation Gateway (BIG)
programme, as a legacy of London 2012 to spark nationwide ingenuity,
ambition and growth through technology entrepreneurship. He works
closely with government ministers, industrial leaders and business
leaders and is a vocal advocate on the transformational nature of
technology, sustainability, ambition, inclusion and diversity and the
critical need for STEM skills in our future generations.

In September 2014 he was awarded an Honorary Doctorate by Birmingham
City University, cited for his outstanding contribution to the IT
industry, a "leader among leaders". In March 2015 Mr Smith was awarded
an Honorary Degree of Doctor of Laws by the University of Warwick and in
2016 an Honorary Degree of Doctor of Science by his alma mater, Glasgow
University.

Phil Smith is also the founding member of 'The Leaderboard', a cross
industry team of around 30 UK CEOs who compete in Triathlon based events
and have raised more than GBP800,000 for Comic Relief. In 2014 he
represented Team GB in his age group at the Triathalon World
Championships in Edmonton, Canada.

Sir David Grant, Chairman of the Nominations and Remuneration Committees,
said:

"I am delighted that Phil has agreed to join IQE's Board. He has been
hugely successful leading businesses with technologies that bring
transformational benefits to many private and public sector
organisations in the UK and the wider world. His vision, his energy and
his encouragement of leadership in a global high-technology environment
are well matched to IQE's future aspirations."

Additional information

The following information is disclosed pursuant to Rule 17 and Schedule
Two paragraph (g) of the AIM Rules for Companies. Philip Patrick Smith,
aged 59, has been a director or partner of the following companies or
partnerships during the five years preceding the date of this
announcement:




Current Directorships / Partnerships Past Directorships / Partnerships
Cisco International Limited Business Disability Forum
Cisco Systems Limited Foundation for Science and Technology
Innovate UK
The Tech Partnership
Foundation for Science and Technology
Curo Charlotte House LLP
Curo Queen Street LLP
The Invicta Film Partnership No.43, LLP
The Invicta Film Partnership No.23, LLP
ZEUS Films LLP
The Invicta Film Partnership No.4, LLP

[rivaldo] 19/12/2016 07:16

Extremely impressive new NED appointment today - the former CEO and now Chairman of Cisco UK, with prior experience at Philips Electronics and IBM



"Phil Smith BSc, Hon LLD, DUniv. FIET, became Chairman of Cisco for the UK and Ireland in August 2016, after eight years as Chief Executive. Cisco is the leading global provider of networking for the internet. Mr Smith is also the Chairman of Innovate UK and Chairman of the Tech Partnership. Additionally, he sits on the Board of the National Centre for Universities and Business (NCUB).

Mr Smith has a thirty- five year track record in the technology industry in leading companies including Philips Electronics and IBM. As Chief Executive and now Chairman of Cisco, he leads around 5,500 people in the UK and Ireland. He created Cisco's British Innovation Gateway (BIG) programme, as a legacy of London 2012 to spark nationwide ingenuity, ambition and growth through technology entrepreneurship. He works closely with government ministers, industrial leaders and business leaders and is a vocal advocate on the transformational nature of technology, sustainability, ambition, inclusion and diversity and the critical need for STEM skills in our future generations."

[sspurt] 16/12/2016 16:56

Having read it I think the Edison note is balanced and fair giving clear reasons for the revenue and other assumptions made. You may not agree with them all but I rate the analyst, she certainly seems more competent than her oppo at the shop and at least has a tech industry background.

[sweenoid] 16/12/2016 16:53

Trading update was deliberately lacking in detail, analysts need to be force fed,the Edison guy does not even mention GAN and questions the sustainability of photonics growth,when its bindingly obvious that the real momentum there has only just started?

My verdict is his update is not worth reading ;-)
S

[sheep_herder] 16/12/2016 16:46

The job of the PI is to analyse what the analyst says and find situations where they feel they're being pessimistic. And then fill their boots.

[big7ime] 16/12/2016 16:43

Most analysts get it wrong anyway so I wouldn't take any notice hammerd2,
Ennismore also have got it seriously wrong, when are they going to realise?
The city is full of twits who know very little really. I have made A lot going against broker recs

[hammerd2] 16/12/2016 16:26

There's cautious and there's modelling a <1% increase in revenue. That seems more pessimistic as it implies they are anticipating either zero growth in photonics or contractions in revenue from the other divisions.

The job of an analyst (such as it is) is surely to analyse and use their experience and judgment to model/anticipate what is most/more likely to happen.

This is simply saying "we don't know for certain what the growth is likely to be so we're guessing it will be zero".

What is the point in an analyst if they're not coming up with a conclusion until they are told what the answer is ?

[sheep_herder] 16/12/2016 16:11

Edison say, "Management is anticipating strong growth in photonics volumes related to the progress made in customer qualifications during FY16. However, given the lack of forward visibility, we are taking a cautious stance at this stage, modelling only a small uplift in revenues in constant currency for FY17. The full year results in March will be the first opportunity to review this."

[hammerd2] 16/12/2016 16:06

Utterly baffling that the Edison note is estimating just a £1m increase in revenue for FY 2017 !

Hardly seems logical that multiple single and double digit growth categories in this company could only result in a <1% increase in revenue. Surely a major ballsup or they know something we don't...

[poombear] 16/12/2016 15:49

New Edison update.