I was a day out on the TU but at least there was no more bad news. Not much to be excited by either but then I guess that was unrealistic right now. It doesn’t seem Taiwan is imminent and certainly it might be difficult to arrange all that a listing would entail by H2 2025, but there is no rush. With the wider explosion for GaN (especially so in that region) I don’t see the value of the Taiwanese concern falling in value, only the opposite. Next year is more likely |
Hardly “fantastic news”. FY revenue just £3m above repeatedly downgraded expectations. Only marginally up on 2023, which in itself was the poorest year by far in the last five+.
It was only a couple of years ago we were told to expect a tripling of revenues by 2027!
By recent IQE standards, it seems anything that doesn’t materially undershoot & disappoint is a hugely positive surprise.
I’m delighted things are stabilising for now. But it’s not exactly a cause for great celebration yet, even if my most recent top-up purchase is finally in the money (today at least).
It sounds as though progression to a Taiwanese IPO or part/full sale is still a long way off. We’re told - despite this seemingly being a top priority - “the review remains at an early stage”. Hmmmmm. |
Positive update, as I said before probably won’t see fire works, but steady progress is all that is needed from these low levels |
Fantastic news,seems like we have at last a BOD who seem to know how to make our undervaluated assets sweat and increase shareholder value.This with the upcoming
boost from Taiwan will hopefully lead us on the path to growth
Well done to the new BOD |
Lets see how the market reacts, GLA |
As good as we could of expected. Should see a slight rise of the positivity from the trading update |
 cTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). Cardiff, UK23 January 2025 Pre-close Trading Update - FY24 revenue and Adj. EBITDA expected to exceed expectations- Positive impact of cost actions evidenced IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, provides a pre-close Trading Update for the financial year ended 31 December 2024.Revenue for the period is expected to be at £118m, combined with focused cost control and improved operational performance, the Group expects Adjusted EBITDA to be at least £7.5m, exceeding expectations* and subject to external review. Strategic review and Proposed FinancingAs announced in November 2024, IQE is undertaking a Strategic Review which the Board believes will better unlock significant unrealised value within the Group. At this stage, the strategic review is focused on its Taiwan operations covering all strategic options, including IPO or a full sale. While the review remains at an early stage, the Board is encouraged by the positive levels of interest from its partners and the broader recognition that the Group is a technical leader across a variety of strategically important vertical markets, with a well-invested asset base.In addition, the Group is pleased to say it is in the final stages of concluding its proposed convertible loan note and that it has received strong support from shareholders. This process is expected to conclude shortly and an announcement will be made accordingly. A circular will be sent to shareholders providing further details and seeking their approval in due course. Mark Cubitt, Executive Chair of IQE, commented:"I am pleased that the business performance in 2024 will show revenue and adjusted EBITDA ahead of expectations. Amid ongoing macro headwinds, Jutta and the leadership team have taken effective action to refocus the Group on its core strengths and improve operational performance, resulting in an encouraging financial picture. I am really pleased by the reaction from our staff, customers and shareholders to the announcement of the strategic review, and the resulting positive engagement. In addition, the proposed financing will provide IQE with greater resilience as we continue to strengthen key customer relationships and expand further into emerging high growth areas"*As communicated on 18 November 2024, the group expected revenue to be around £115m and Adjusted EBITDA of at least £5m for the financial year ended 31 December 2024. Contacts: IQE plc+44 (0) 29 2083 9400Mark CubittJutta MeierAmy Barlow |
If IQE cannot start ramping up revenue with all this spending going on then they deserve to be taken in house somewhere. |
Getting a bit of a motor on now! Good to see, would like to see the resistance level tested at 17. Could be an interesting couple of days the way other stocks are also spiking up. |
Fingers crossed we don’t get any more bad news from a TU and also start to hear some more info on the Taiwan sale soon. From such low levels the share price will gain traction from anything positive |
would like to see it through 13 and confirm a breakout from recent trading here, GLA |
Looks to be gaining some momentum though, step change up to next resistance about 17 would show some confidence. |
H1 2025 TU is penciled in for 22nd July so perhaps it’s 22nd of Jan too? |
And in 2023 it was 16th Jan. obviously not this year though |
2024 trading update was 16th January….. |
Good start ...... here's hoping |
I have taken a small position here over the last couple of days with a longer term perspective, can't see fireworks but think with the return of Trump, tarriffs, a lot of new tech on the way and the diversification from Taiwan probably on the agenda over the next few years this may just be worth a punt at these relatively low prices. |
Looks like I shall have to put the ‘white horses’ back in their stable then.
Anyway, 12p is looking promising. Time for a bevvy.
In fact if we make 13p by Easter, I shall put up my Xmas tree as there was no room to put it up last Xmas. |
It’s useful for short term buys and sells only. The term “stay long” is a misnomer! As Lords says best ignored for anything other than very active churn traders |
If I were you, I really wouldn’t base ANY investment decision on the chartist speculations of British Bull. |
BB today say STAY LONG |
That's rich coming from serial poster like you. Your incessant drivel is causing my thumb calluses to thicken. |
BritishBulls is recommending BUY…. ‘Let’s jump on our white horses and go for a bullish ride’.
So don’t blame the messenger. |
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