Iqe Share Discussion Threads

[lpavlou] 16/8/2022 21:02

From the LITE callTurning to industrial and consumer. Q4 revenue was down from Q3 due to normal seasonality in 3D sensing. We are executing on our strategy to expand our 3D sensing and LiDAR platforms into applications beyond smartphones. As we've discussed previously, our product pipeline for automotive, industrial and consumer use cases is growing. In automotive, we are ramping production of multi-junction VCSEL arrays, long-range LiDAR products and products for in-cabin driver monitoring systems.We are also the supplier of record for building automation and occupant sensing reference designs. In the concert space, we are working closely with multiple customers for developing extended reality solutions. While we execute on our long-term strategy in 3D sensing, as we have mentioned previously, we expect share normalization and normal price reductions in the coming smartphone cycle.We expect smartphone 3D sensing revenue in fiscal '23 to be reduced by approximately 40% to 50% from last year's run rate, starting from our first fiscal quarter. As such, we expect first quarter industrial and consumer revenue to be up only modestly from the prior quarter. We are still optimistic about our 3D sensing business as applications in automotive, the metaverse, and industrial begin to ramp.

[bbonsall] 16/8/2022 18:37

Taiwan may be playing a part in current price action too. Hopefully, unfounded.

[bing_b] 16/8/2022 17:23

Lite down 6% following quarterly results (despite beating revenue and earnings targets). Heard bits of their analyst call ... got the impression their share of Apple content has fallen (temporarily they believe) however they are confident of expanding their photonics products outside of phones in near future. Hopefully others could expand on my meagre offering ....

[guildedge] 16/8/2022 17:05

Most of market action seems down to shorts so I wouldn't be that shocked. People trading around short positions to different funds. Expect more of this come their results in 3 or so weeks time. Share is still at 38p. 1.1m late trade.

[crosswires] 16/8/2022 16:01

Disappointing price action since 45p, as the market has edged higher still. Focus now on next months results, and more importantly forward guidance. No room for disappointing news Americo…

[boboty] 15/8/2022 22:48

Interesting https://www.telegraph.co.uk/business/2022/08/13/chinese-backed-buyer-uk-microchip-plant-made-components-found/I wonder if this is the nail in the coffin - I think the uk should run as far away from Chinese influence as possible - we need to control our know how and technology so we can choose who benefits and reduce the availability of our technology being used against us - say in a nuclear missile aimed at London.

[lord loads of lolly] 15/8/2022 09:12

dnomyar - why post news that's almost 5 years out of date?

[snaffleclamp] 13/8/2022 15:34

August 9, 2022 hTtps://www.eejournal.com/article/ive-been-captivated-by-compound-semiconductors/

[dnomyar] 13/8/2022 09:04

10/11/2017 8:49am Alliance News Shares rose in IQE PLC after it said on Friday it has raised GBP95.0 million through the placing of 67.9 million shares at a price of 140 pence...

[lord loads of lolly] 13/8/2022 08:41

Still a far cry from previous peak short levels though.

[guildedge] 12/8/2022 20:13

For those still following IQE shorts. ActusRayPartners Limited now have a 0.5% short in IQE. Total shorts in IQE at 1.32. (Those above 0.5%) This might also explain the drop from 45p too.

[lord loads of lolly] 12/8/2022 15:39

Those were only really the days if you sold - not so much for investors! Particularly any buying in for the first time at 140p.

[thereptile] 12/8/2022 14:34

Yes bing. I fondly recall the placing at 140p Aah those were the days

[lord loads of lolly] 12/8/2022 11:47

smorales - agreed - nothing to see here. On 22 July 2019, IQE appointed Peel Hunt as its NOMAD & Citigroup as joint Corporate Broker. So presumably a routine review three years later led them to replace Citigroup with Numis.

[crosswires] 12/8/2022 11:45

Agreed it may be nothing, certainly wouldn’t make me sell my shares like the original poster this morning did ;)

[smorales] 12/8/2022 11:36

Don't get too excited - seems to me this announcement is simply a change of Joint Broker, with Numis replacing Citigroup Global Markets Ltd.

[bing_b] 12/8/2022 10:42

Given the 'success' of the last placing, any future placing would have to be extremely well justified .... 😎 (you would hope!)

[crosswires] 12/8/2022 10:14

It doesn’t necessarily follow that the share price will fall notably if any placing was priced just under the market price. However the market will want to see proof that the expansion is met by demand in the form of some more partnerships for example. In such a case it could be a positive for the share. Let’s see if that’s what is happening first though

[longtallsally] 12/8/2022 10:12

Well the grand plans that Americo has will have to paid somehow and as TomDuck said yesterday it won’t be via the government. IQE will have to raise funds via a placing and other avenues should it wish to expand rapidly as opposed to organically.

[cardiffian] 12/8/2022 09:50

Usually a placing, that's why I sold this morning.

[kilgallp] 12/8/2022 09:34

Please forgive my ignorance, but what are the implications of adding a joint broker?

[tomduck] 11/8/2022 10:26

I would suggest it’s extremely important to hear how Americo plans to grow the production exponentially, and pay for it, as then, and only then will investors know how credible it is. My timeline for hearing this is the March ‘23 update. We should expect some more partnership and tool announcements by then if it is going to be happening in ‘24 and if we don’t get such news no amount of sector news will help the IQE share price The macroeconomic environment is poor BUT the american stock market in particular is want to ignore it and may well come through this period with the early July lows as the bottom. At the end of the day IQEs success is in their own hands, as I don’t see the UK GOV coming up with anything like the sums that Americo is suggesting they need to support the industry. This is not the USA and there will be no CHIPS act, they are far too busy scrambling around fudging everything else and will be for the foreseeable… I’ve not given up on them but time is ticking, and I won’t remain here past next March unless there are some concrete signs of progress.

[lord loads of lolly] 11/8/2022 09:17

sweenoid - it's not that we don't like more positive sector news. Just that IQE has singularly failed to benefit from it to date. So forgive us for remaining sceptical, but unless Americo can radically change course (which I'm hopeful ultimately he can), IQE will continue to make losses. Which for a "growth" company on a high P/E would mean even the current share price was way too high. Let's hope our faith in Americo is justified...

[bing_b] 11/8/2022 09:14

IQE is all about the future. Particularly with regard to its photonics products. Anybody not interested in 'potentially positive news' is clearly invested in the wrong company. Keep on posting Sweenoid 😀