Iqe Share Discussion Threads

[neil100] 08/3/2021 22:46

The evidence for share price projections will come on 25th March.

[lpavlou] 08/3/2021 21:33

Whilst the current worldwide chip shortage should in theory be good for IQE, you may find that some customer defer orders as they struggle to secure enough chip supplies for their products. I expect the forthcoming TU to be positive and the share price to be higher post results. However, for me it's still too risky, so shall watch from the sidelines

[savvy investor] 08/3/2021 20:51

I think his 80p target and 2021 and 2022 forecast is laughable, why is he paid at all. Happy some might want to believe him, but NO I repeat NO evidence points to such a growth rate this and next year, all of the markets are growing faster now and more and more markets for lidar, hamr, 5G, etc etc etc etc are here all the time at expanding rates - his numbers are an absolute crock of you know what....dont ever listen to analysts, they publicly say whatever will allow them to trade how they want, I would suggest his firm is a buyer, but what do I know, I'm not a highly paid tech analyst....make your own mind up, or listen to the experts rather than me 🙂🤓. Seroously if my numbers are correct on current share price in 24months we will have price to sales less than 2, price to earnings of about 12 to 15, great market leading products in one of the hottest most predictable tech growth markets for the next 10 years. Omg I'm going to enjoy being just a little bit right...

[nickwild] 08/3/2021 19:38

Canaccord Genuity increased its price target and forecasts for IQE to reflect recent trading that was stronger than expected. The semiconductor wafer and materials company said in January that revenue for 2020 would be at a record level and that it started 2021 with good momentum. Canaccord said an expected more than doubling of 5G smartphone shipments in 2021 and modest upstream inventory levels should support growth against strong figures for 2020. Content growth at Apple, which IQE supplies, should benefit the photonics business, the broker said. Analyst Kai Korschelt upped his price target for for the AIM-traded shares to 80p from 73.5p and stuck with his 'speculative buy' rating. IQE shares rose 4.5% to 71.6p at 15:54 GMT. Despite healthy demand the Cardiff-based group's revenue growth will slow to about 7% in 2021 from 25% in 2020 because of strong 2019 numbers and currency movements, Korschelt said. He increased his 2021 pretax profit forecast to £9.5m from £5.6m and his 2022 forecast to £13.6m from £12.3m.

[tomduck] 08/3/2021 18:53

Crossy I think you are right, I think it would take a similar 20% growth for ‘21 to get us up close to that £2+ share price level, and even then... Still expect us to make new share price highs but my time horizon is at least another 12 months further out than some so say Spring ‘23. No rush for me, slowly slowly catchy the donkey 😉

[crosswires] 08/3/2021 18:42

I mean it’ll take more than 7% for Savvy & Monty to get their £2 wish this year, based on that looks like such a target will take another year or two imo.

[coolhandfluke] 08/3/2021 17:54

Canaccord Genuity increased its price target and forecasts for IQE to reflect recent trading that was stronger than expected.The semiconductor wafer and materials company said in January that revenue for 2020 would be at a record level and that it started 2021 with good momentum.Canaccord said an expected more than doubling of 5G smartphone shipments in 2021 and modest upstream inventory levels should support growth against strong figures for 2020. Content growth at Apple, which IQE supplies, should benefit the photonics business, the broker said.Analyst Kai Korschelt upped his price target for for the AIM-traded shares to 80p from 73.5p and stuck with his 'speculative buy' rating. IQE shares rose 4.5% to 71.6p at 15:54 GMT.Despite healthy demand the Cardiff-based group's revenue growth will slow to about 7% in 2021 from 25% in 2020 because of strong 2019 numbers and currency movements, Korschelt said. He increased his 2021 pretax profit forecast to £9.5m from £5.6m and his 2022 forecast to £13.6m from £12.3m.

[savvy investor] 08/3/2021 17:27

People are looking At TR selling some stock in the wrong way, imho. Ot could be for a million reasons. Perhaps they had massive bet long in Nasdaq and it tanked and they needed to raise funds for next move, perhaps they had too much for their balanced portfolio criteria, perhaps they want a large position in a a sector like tourism that they see undervalued and about to explode. You could go on all day. Atop thinking why they need to sell and think whether you want to sell or buy as that is all there is, your money, your shares, your views... IM BUYiNG....

[paraone3] 08/3/2021 17:23

An unexpected rise on the day, managed to keep the Easley gains , may pickup through until finals which hopefully will be good news , seems to me they should look to increase their sales force , can’t survive without sales

[bocase] 08/3/2021 16:47

It could be that it feels just too overweight and sees some better opportunities out there and just feels it appropriate to diversify.

[aphrodites] 08/3/2021 15:38

Provanar There are many questions about what TR has been up to. I cannot emphasise my deep disappointment about what TR has been up to and I have resisted until today to comment. Having been such a good friend of ours, who supported the IQE share price through thick and thin, stood up to the shorters and continued to buy stock on the fall, TR now turns to start reducing its position just as we all await the release of probably one the most important set of results in IQE’s history. And of course, the announcement of a new CEO. But if one must question what is TR up to? Is it possible that it: (1) Wants to provide itself with room to buy more stock if the announcements we all anticipate are going to be so good? And this will really put a rocket under the share price and benefit massively the 13% it currently retains? (2) Is attempting to draw Ennismore out into the open to close its position and then it really will turn the screw on it? (3) Is deliberately weakening the share price knowing there is someone interested in making a takeover but doesn’t want to pay too higher price? It is quite possible that anyone looking to take over IQE, as their first step they would be to speak confidentially to the major shareholders in the company to discuss if they would support a bid and at what price. (4) Has lost confidence in IQE as a result of no news on the appointment of a new CEO. (5) It has spoken to the Board and lost confidence in it. There are lots of what ifs. But to summarise, it makes no sense in my book for TR to be selling IQE shares at a time when the company broker and other brokers are so positive about the share price going forwards. All the hard work has been done and it should be sitting back looking to a rosy future for the company.

[tomduck] 08/3/2021 15:13

Can we keep these gains or will they drip away like the end of the day action we often observed over the past couple of weeks. Let’s see some strength 💪

[adejuk] 08/3/2021 14:40

or rowe still unwinding

[dagoberia] 08/3/2021 13:55

Hello all, i hold IQE shares but have not been following the company too closely lately. Always good to read bull and bear opinions on here. May i ask, shouldn't IQE be getting a boost from the current world- wide chip shortage ? Apologies if this has been already discussed

[adejuk] 08/3/2021 13:52

sweeny. this is just for you :-) i hope you don't ever need me - i'll get my revenge :-)

[tomduck] 08/3/2021 13:40

Let’s see, I suspect a bumpy market for remainder of the year, and the weak $ has to be factored in. However in challenging markets the shares that perform and guide higher should be magnified and so the 25th becomes crucial for IQE 2021 share price potential 🤞

[savvy investor] 08/3/2021 13:33

Nick, the budget could turn out really great for IQE in many ways. My personal estimate of £40m pbt (range 30 to 50) would normally mean £10m of tax (approx and without looking at other adjustments). Sonof they invest £30m capex this year they cope offset that whole amount if the small print allows. Again, either way I look at it, decent profits and reasonable capital investment late in the year are now better quality earnings than before the budget...I bought quite heavily at 71, 75 and 78, missed 69, but will be interesting to see how quickly 90 is retested...imho

[provonar] 08/3/2021 13:32

Just a quick note on what T. Rowe Price has been up to recently, considering there are a number of questions about what they're up to. Don't forget, while loaning out shares to shorters, TRP has been making a tidy packet in lending fees - they essentially had their own nice dividend while they were 'servicing' the shorting community. Their shares on loan are now at 0%, so this source of income has dried up. Therefore, holding their long position has actually become less attractive to them. It's no surprise that they're rebalancing by reducing their big holding - they may even be selling IQE so that they can go long on other stock to lend out again... It's aggravating for us private investors and the sell-off has undoubtedly contributed to the recent slide - but if they're selling to people who want to buy in order to be long (which is probably the case considering how low the short percentage is now), it's probably better for us in the medium-long term.

[dickiebird2] 08/3/2021 13:22

Bounced off the bottom channel!

[arcadian] 07/3/2021 19:12

There was a woman taken in adultery...................

[dockenfielan] 07/3/2021 13:16

A tad harsh Sweenoid, surely hell will be watching Harry and Megan moaning about their lot in life!

[sweenoid] 07/3/2021 12:43

Adejuk My vision of hell is an eternity of reading your posts 😉😂 S

[adejuk] 07/3/2021 12:40

and death may not be the end my vision of hell is an eternity of following the stock markets

[adejuk] 07/3/2021 12:39

horn we're all doomed not if, but when. i'm glad my own will kick in first don't be glum it happens to us all :-)