Iqe Share Discussion Threads

[pugugly] 25/2/2017 18:16

yump:> Thanks - Unfortunately the City analists (deliberate spelling) are usually clueless in the key areas you have correctly identified above.

[yump] 25/2/2017 18:07

PUGUGLY

I think you need someone who knows the market, rather than the tech. for that question.

For now, I've decided that the only realistic way of assessing the must-haveness will be in results and market share.

IQE mention that they are volume dependent for profit. So wireless is a cash-cow, but not growing much. The other areas are relatively early days, so as far as I can make out, if they are also volume dependent for efficiencies that will increase their profitability, then the key is the speed with which those volumes pick up. It won't have to be as fast as wireless, because they say the margin is higher.

It would be very interesting to see a set of life-cycle curves, with break-even points, to see where the new products are forecast to start into profit, but of course that's not going to happen unless you're a fly on the wall at a board meeting.

So I think its down to seeing results and hoping they break-down each areas growth.

[pugugly] 25/2/2017 17:53

somwywin:_ Only got their e-mail today but did not check the publication date - Memo self - Always check publication date - Any thoughts about the balance of my musings above ?

[someuwin] 25/2/2017 17:33

That citywire article is from last Monday.

[tomyumgoong] 25/2/2017 17:28

PUGUGLY,He sold 367,000 shares which an RNS was issued on 13th Feb.Hardly worthy of an RNS and the time and trouble for citywire's secretary to type it up! I don't think yesterday's news will warrant a monday sell off somehow!

[pugugly] 25/2/2017 17:08

Thomson takes profits after IQE surge

Citywire A-rated global small cap veteran Justin Thomson has booked some profit on a surge in specialist semiconductor manufacturer IQE (IQE), as it breaks through a series of price targets.



Could well provoke some selling on Monday - However all will (imo) depend on the results. If ahead of expectations away to the races - If below then possibly a 25% crash on th day as majors in addition to Thomson have been reducing (locking in profits from the last palcing) and recent share price having exceeded or reached the latest broker estimates [N+1 singer - 48p, Peel Hunt 35p, Cannacord 51p - Source
Norwich & Peterborough] way belwo some of the hope targets.

Then what - Possibly a low ball (against what many on this board speculate is the upside due to GAN) bid at say then price PLUS 30% or more.

I suspect the II's would grab it rather than holding for the long term potential - That is if management have securely locked up the patents. It will also be intereting to see Madame May's reaction to yet another American takeaway of a UK high tech leader especially in view of HMG's investment in the Cardiff centre.

Can any EXPERT techie advise (in lay terms) on how much of a MUST HAVE are IQE's wafers, and and the strength/weaknesses of competitive suppliers?

[lpavlou] 25/2/2017 15:11

There seem to be a lot of press releases about the new Hub in Cardiff with £millions being invested, but I can't work out if our JV with the Uni is up and running and undertaking real research or still on the drawing board. We booked the equipment sale and some one off licensing income, so presume we must be operating out of the Uni's premises until we build a proper facility ? Anyone know ?

[meijiman] 25/2/2017 14:19

Very interesting presentation by the FD albeit its not that easy to understand it all.
I've decided to invest here for the long term as I like the market positioning and the growth potential. Solar and power look to be where its heading.

[panic investor] 25/2/2017 14:03

thats old isn't it 2015 ?

[zaina003] 25/2/2017 13:16

hxxp://www.walesonline.co.uk/business/business-news/could-create-5000-jobs-what-11662536 Check this out guys

[lpavlou] 25/2/2017 12:30

Chaps, when the shares were languishing at sub 20p back in August last year, if there had been a takeover bid at 45p, I reckon 90% of posters on this BB would have sold out without a second thought. Now we're at 47p, people are holding out for 65p+. My issue is that whilst there is huge growth potential in the markets we operate in, can we fulfil the potential or are they going to let us down again. There has to be a risk that they will, although it won't be in the results next month. Whilst we all dream of a ten bagger, some are sitting on a two bagger and that's a huge achievement in a low return environment. I think it's rumour driving the share price at the moment not facts, but we'll get the facts soon.

[panic investor] 25/2/2017 11:41

I'm in for the next 10 years - if it last that long :-)

[cotswoldsparky] 25/2/2017 10:44

"Well it will be interesting to see where the growth in profits and earnings comes from." [#909]

Slide 11 didn't give you any clues, then :-)

Ah, well...you can lead a horse to water...

CS

[sweenoid] 24/2/2017 21:12

Interesting and importantly fully funded , I have no doubt IQE will be involved, over and above being the major mover in the ICS :-)



S

[shanieboy01] 24/2/2017 20:16

Jugu: kept them. I still believe its a very badly run company. I have stops in place and will keep raising them this time. Made a schoolboy error and did not sell last time, however I wont sell if this keeps rising (am not a poor man)

[spoole5] 24/2/2017 19:52

It's different this time.....

[jugu] 24/2/2017 19:01

If I remember rightly a very reluctant long term investor, surprised your still here.
Considering you didn't have much confidence in the company or those running it.

[shanieboy01] 24/2/2017 18:54

Set your stoplosses. This is coming from a long term investor here. I watched these plummet from 60p last time.

[rutter] 24/2/2017 15:10

Well if you can identify BUYS from SELLS , then you are a better man than me

[poombear] 24/2/2017 11:47

Looks like new applications for IR will soon be mainstream in mobile phones. The video posted yesterday, mentioned IQE had 80% of this market, so assuming this is the same technology, mass market applications for IR compound semiconductor epitaxy may be on the cards in the next few years.

[tomyumgoong] 24/2/2017 11:39

FWIW,In 2014, IQE split its operations into 6 separate divisions, these being: Wireless, Photonics, Infrared, Solar, CMOS++ and Power.Previously there was just, Wireless, Photonics and Electronics. I think this is significant, as it shows the company is targeting these areas specifically and is treating these divisions as businesses within a business.....so that's 6 businesses for the price of 1. We have, in the past, I believe, only been valued by Mr Market for the wireless business as other operations haven't added significant value to the company......wireless has really been the 'cash cow'! However, that could soon change with Photonics set to add significantly to the pot.....as I mentioned in a previous post, possibly £26m+ for 2016.I suggest people go and have a look at IQE's website and read about these 6 divisions and the business needs they will address! It doesn't take very long to read, is well written and is easy to understand! Revenue from these other businesses should only propel the share price higher IMO.

[brucie5] 24/2/2017 11:10

I added this morning, on the back of the video presentation. Chart does seem ahead of itself somewhat, but the technology, or at least the way it came across (!) seems extremely scalable, and across so many growth sectors. Best big idea I seemed to get was that IQE is set to progressively replace limited but cheap silicon, with far more efficient compounds, across several markets. Solar stands out to me, as it is clearly so much 'of the moment', and silicon efficiency, so low, in translating the energy.

But I'm no expert. I just have a good feeling about this share, after years of disappointment. And give the decline of the GBP, unfortunately, it will need to start reflecting a TO risk premium. Wouldn't go for less than £1 as things stand.

FWIW, NAI.

[yump] 24/2/2017 07:26

Well it will be interesting to see where the growth in profits and earnings comes from. Photonics was said to be showing strong double digit growth in revenue, so I assume that's 15%+.

No problem understanding what IQE do, but that's not the analysis I'm thinking about but nobody wants Groundhog day again, so I'll shut up.

Should be due the annual 'contract renewal with Tier 1 customer' announcement soon, which is presumed to be Skyworks ? - which I'm sure someone thought would be higher than last year's. Presume its still an RNS worthy thing.

[rutter] 24/2/2017 07:17

......and he's only the financial director. GULP !!!!

[agaudry] 24/2/2017 07:10

Rutter,completely agree. Thanks cs very useful time spent watching this presentation.