That’s old news. |
 IQE raises full-year 2024 revenue and adjusted EBITDA guidanceIn a pre-close trading update for full-year 2024, epiwafer and substrate maker IQE plc of Cardiff, Wales, UK says that it now expects revenue of £118m, exceeding 18 November's guidance of about £115m. This is up from 2023's £115.3m.Combined with focused cost control and improved operational performance, adjusted EBITDA guidance has likewise been raised from at least £5m to at least £7.5m (up from 2023's £4.3m)."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," comments executive chair Mark Cubitt.Strategic review and proposed financingAs announced in November, IQE is undertaking a strategic review that 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 says that it is encouraged by the positive levels of interest from its partners and the broader recognition that the firm is a technical leader spanning strategically important vertical markets, with a well-invested asset base."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," comments Cubitt.In addition, IQE is in the final stages of concluding its proposed convertible loan note and has received strong support from shareholders. This process is expected to conclude soon."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," concludes Cubitt. |
Shares are all about momentum. Sometimes the downside is overdone, sometimes the upside and then sometimes you spend years without much movement at all. The latter never applies to IQE, look at their chart and you will see ten plus years of madness!
Due to the industry it’s in and the cyclical nature of that industry it’s a series of large share price movements. I see nothing different this time, and whilst the major move down to 8p was massively overdone the next leg up is probably going to be similar. I wouldn’t rely on British Bulls charts to tell us but history suggests that is the likely outcome.
I wouldn’t expect 22p by Easter with my rational head on BUT this game isn’t rational, so I wouldn’t rule it out either.
Catalysts for a share price correction would be if IQE wins some significant additional business, if the wider semi market signals it has recovered from the stock build up or good news re Taiwan listing valuation.
If one or more of these things appear the share price could easily exceed 22p and with momentum investors appearing spike quickly. I don’t expect that in the next 3 months but then again who knows. |
picobird - thanks for your reply.
So basically you’re pinning all your hopes on British Bulls for 22p by Easter.
Well good luck with that one. Let’s hope they’re right. But I somehow doubt it, barring a major new partner win.
IQE’s revenues are projected to remain lower in 2025 than most of the preceding 5 years. And it’s still heavily loss-making. I can’t see the outlook changing enough by Easter to cause a 50%+ re-rate. |
All companies have to do these days is mention AI to boost their share price. |
Hello Lords
In answer to your query let me respond so.
I follow the recommendations of BritishBulls quite often on a daily basis.
Their latest comment is
‘ The chance of a bullish confirmation that will change the signal to BUY is very high. The Delayed Intraday Module is ON. We strongly suggest you to follow the price action on an intraday basis in order to profit most from the early phase of a bull run.’
This bull run sounds rather promising & ‘in the offing fairly soon.
We could be testing new confirmation levels as soon as next week.
The RSI is neutral so the stock is neither ‘oversold̵7; or ‘overbought217;, so their comments (BB) seems realistic.
I would suggest all investors DYOR |
Some big trades near the bell. Wonder what's in store for tomorrow. GLA |
picobird - what do you & Zak see coming between now & Easter to propel IQE up another 50%?
Presumably it must be something concrete. And big. Rather than just a set of red & green lines on a chart? Or the hearsay of some random tipster who’s usually wrong? |
For any newbies trying to pick up on ‘technical analysis’ you would be hard pushed to find a nicer graph as provided by es.marketscreener.com. The green & the red bars make it obvious as to ‘up days’ & ‘down days’. Oscillators, a handful of them are also marked. I keep coming back to this website for simplicity, now in the ‘decades’;. I mention the website because it is ‘gratis’ & ‘spot on’.
If you need share tips (not myself), try Zak Mir Trading Cafe.
To learn the TA terms( like golden cross, etc) you would be hard pressed to better the website ‘BritishBulls’ where you can also normally determine the next days direction of trading. Unfortunately, I find it incredibly difficult to remember these different TA terms.
It would appear that IQE will hit 22p well before Easter. Good Luck LT investors. |
bb, I think it’s a little bit of a hash up of ChatGPT but not as good, however it’s similar enough that casual users probably won’t notice. Saying that a mate of mine put my name in and although it was fairly accurate for my experience and former industry it also invented some totally incorrect stuff.
I see today they are talking about putting protection in place to stop China AI basically piggy backing their data, however it’s a bit rich considering all the data they themselves mine IP wise from everything.
I really don’t think it matters regards our IQE investment, all AI is good and the further it gets into everything and is used by everyone (which seems inevitable) the more CS are needed and the more power savings will become increasingly important which should help IQE recover.
That’s the theory but it’s not going to be in the next 3-6 months. Interesting to see that as the price drops from the little spike upto 15.5p the short termers have quietened. Off to the next one I expect |
I tried DeepSeek to find information on something I was personally involved in.
CHATGPT had previously given me a full and detailed report on the issue.
DeepSeek found nothing whatsoever, even when I gave further information.
Take what you will from that. |
Hilarious, nobody has been hounded away, this is actually quite a respectful board compared to many and only a snowflake would take offence to anything on here. However reading back through your posts, not once have you managed to write anything salient to IQE or the sector, so I would say “pot kettle black” fellas. Do you just turn up when the share price rises? Filtered and I would suggest you do the same. |
Agreed. Multi posts a day for years upon years. There are three of them. Crosswire, lord loads of lolly and long tall sally. One ramps, one deramps and one is the voice of reason. It's like a remnant team from the old boiler houses. Totally irrelevant, just like their trash posts. |
mw16 i think this person is sitting in a mental institution or pensioners home with nothing better to do. The garbage which is incessantly typed is unbelievable. I wouldn't be at all surprised if they own any IQE at all or any other shares for that matter. |
Just a thought - if China is now in on the act re AI don't you think that might encourage spending on Data centres and mega computers by US big tech and government. Iqe wafers will be in greater demand not less. |
Another trash post. Zero worthwhile contribution. |
tomboyd, I definitely think it’s a wait and see re Deepseek but don’t think it effects IQE anyways because whoever supplies the AI more and more CS are needed.
If I was a LT Nvidia investor though I would take the huge profit run up and sit on the sidelines. |
Elon Musk on DeepSeek:
He says, DeepSeek “obviously†has ~50,000 Nvidia H100 chips that they can’t talk about due to US export controls.
That is significant if it is true -
We will have to wait and see - |
Nothing is obvious here - and as for growing up - I'd prefer to get younger. |
Short?! 😂 He’s filtered so didn’t see.
As you suggest Tom some of the posters here couldn’t explain what IQE does let alone post an opinion. Definitely long but not a ramper, pumping is for others, however when I see something positive worth shouting about for IQE I will.
Solid share price performance today, will be interesting to see what the Nasdaq finishes down today, will do well to avoid a 4% drop from the look of the futures as investors look to shore up some spectacular gains. |
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