Iqe Share Discussion Threads

[tomyumgoong] 14/2/2017 09:49

yump,I've followed this company since 2009. Not one, repeat, not one broker has been correct to date! You'd get better forecasts staring at your tea leaves!

[yump] 14/2/2017 09:47

What sort of a rating should IQE have ? - well that's a tricky one. People quote all sorts of dissimilar businesses in comparison.

As I understand it, IQE is a supplier to suppliers in many cases, which means they don't have much control over their market or prices. If the IP is truly unique and cannot be bought elsewhere, then that adds to the security of earnings and I guess the potential rating.

On the other hand, major contracts are not as much of a risk as they appear, because there's a major risk at the customer end of swapping suppliers - unless its a commodity they are buying. What proportion of IQE's sales are commodity ?

I don't know enough about IQE to answer those questions and they are not easily extractable from all the information around.

Its a headache compared to investing in a fashion retailer that's following a market trend and established a brand.

[yump] 14/2/2017 09:39

Well the brokers seem to have had IQE all over the place, so not sure what to make of the forecasts, but they are the only information available atm.

Based on a p/e of 15 and eps of 3.5p that makes just over 50p, based on year end 2017.
That seems well up with events to me.

If it were to grow at 15-20%, then there would of course be a double re-rating ie. the eps x an increased growth rate.

I think there could easily be a spike up to around 60p here, but its going to be a while before anyone knows whether year end 2017 will be beaten.

Plus when it gets towards 50-60p that will be one heck of a continuous rise, plus its a big historic resistance, given that it never held at that level for any time.

Now if it were on a p/e below its growth rate...

[tomyumgoong] 14/2/2017 09:28

yump,With the return to growth in wireless(with the launch this year of the iphone8 + other manufacturers) and Photonics growing exponentially don't you think that 15-20% earnings growth you mention is possible in this years H1? Personally, I think the share price is re-rating to where it should have been all along without the shenanigans of the past few years! The p/e soon being in line with it's peers still has room to grow with continued increased revenue earnings in both H1 and H2

[cheshire man] 14/2/2017 09:26

Not long to wait to see how much they have outpaced market expectations :-)


14/12/16


"IQE Says 2016 Adjusted Profit And Revenue To Beat Its Expectations
LONDON (Alliance News) - Semiconductor wafer products manufacturer IQE PLC on Wednesday said its adjusted profit and revenue are set to outpace expectations for 2016 following strong trading in the business.

IQE said trading since its interim results announcement on September 13 has remained robust, particularly in its Photonics division. Revenue in that division has risen by a double-digit percentage, IQE said, complementing an in-line performance for its Wireless arm.

The group added its revenue has benefited from translating overseas earnings into a weak pound, but said this has been largely offset by its costs also being mainly denominated in dollars.

But given the robust revenue growth, IQE expects its sales for 2016 and its adjusted operating profit, excluding any one-off items, will outpace market expectations for the full year."

By Sam Unsted; [e-mail]; @SamUAtAlliance

[croasdalelfc] 14/2/2017 09:18

Going forward with moderate growth a FY17 Eps of 3.5p and share price of 60 EPs is still only 1.1

[croasdalelfc] 14/2/2017 09:12

I make PEG about 0.8 at current prices. 46/3 with EPS growth at 19%.15.3/19 = 0.8

[someuwin] 14/2/2017 09:09

"inordinately cheap" was the key phrase.

[yump] 14/2/2017 08:37

If a share doubles, whether its cheap or not doesn't depend on an adage.

Anyone interested in PEG ratios, its now well over 1 and that's on year end 2017 forecasts. If you're a growth stock investor, that's not cheap.

fwiw I think this will spike and then have a big sell-off as still can't see the evidence for the continuous rise. Now if it had been growing earnings at 15-20% that would be something else.

Caveat being that the shares might be being bought by an acquirer, but think something would have become public by now with the holdings.

[tomyumgoong] 14/2/2017 08:20

Sweenoid,Absolutely correct! I thought ARM was overpriced at £4 and sold out........look what happened to that!

[someuwin] 14/2/2017 08:11

...Betcha have a few sneaky peaks at the share price your phone!

[sweenoid] 14/2/2017 07:52

Love those charts-thanks fingers Will be having a few therapeutic non Internet days so see you next week, repeat after me boys and girls

When something inordinately cheap doubles in price, that's all it does, it does NOT become expensive, it's just a little less cheap.
When something inordinately cheap doubles in price, that's all it does, it does NOT become expensive, it's just a little less cheap.
When something inordinately cheap doubles in price, that's all it does, it does NOT become expensive, it's just a little less cheap.
:-)
S

[togglebrush] 14/2/2017 06:27

FWIW
Yesterday was a busy trading day with recent maximum prices.
Using ADVFN data from beginning of 2014 (over 800 trading days)
‘
Statistic_____Close___Volume______Price_Volume
‘
Max___________47.00___53,101,478__Yday__17Jun16
Onein100day___40.78___12,899,110
Q3____________24.50____2,625,313
Median________22.30____1,474,585__Middle of a sorted sample
Q1____________19.30______788,119

For 2017 Maximum volume was 01Feb17 at 35,322,584 … Yday 8,176,355
‘
Maximum price was Yesterday with a day high of 47.75p
and price swing (Hi–Lo)/Close was 8.5% which is the max for the year
but below the one in a hundred day (10.8%) which normally happen on a RNS day

[mirabeau] 14/2/2017 06:08

Well done here. Been watching and never bought. A true star during the 1999-2000 tech. stock euphoria

More gains look almost a fait accompli (pardon the dichotomy)

[fingers xxd] 14/2/2017 01:56

IQE - (Copy from 'FXD' thread)

[bobd29] 14/2/2017 00:30

Assuming the results come good next month the PER would still be industry modest at 50p sp, so no need to sell out yet imo. Also I do wonder whether stakebuilding is taking place ready for a post result bid? With very high product demand likely over the next few years you would expect income and profits to soar so at the moment I am comfortable with the rising share price.

[horneblower] 13/2/2017 22:05

Does this also apply to ASX:SYT Syntonics?
Huge possibilities but why quote on ASX not NASDAQ?

[lpavlou] 13/2/2017 22:04

Another major holder offloading stock, yet the share price keeps rising. The third one in a fortnight. I can't see any logic to today's announcement, so presume it was a computerised trade. I can help thinking that the share price has got ahead of itself given there has been no news from the company this year. I didn't think we'd see 50p until after these and the next set of results, but what do I know !! I am going to start winding down my position as we've had a great run and it's time to bank some profits.

[tomyumgoong] 13/2/2017 20:09

...and this:http://www.semiconductor-today.com/news_items/2016/mar/bluglass-lumileds_230316.shtml

[tomyumgoong] 13/2/2017 20:06

someuwin,I only quickly glanced at your post from earlier regarding the Australian company Bluglass! In November IQE entered into a collaboration agreement but I think most of us here have pretty much forgotten all about it. After your post today, I thought I'd refresh my memory and found this little gem! Now, this starts to get interesting. If the link does' work could someone repost for me...sorry! http://reneweconomy.com.au/australias-bluglass-strikes-agreement-with-phillips-led-unit-23265/

[someuwin] 13/2/2017 19:55

Hope you're right about OCLR hornblower. I opened a long spreadbet on it today.

[rutter] 13/2/2017 19:47

I've jumped on board a few pence ago having got peed off with O & G. There's always a " Yes but" RNS in that industry. Pleased I made the move...........so far. Good to hear your view of the charts hornblower. Have been on the ball with other companies. GLA

[horneblower] 13/2/2017 19:27

Imo, the chart continues to indicate a near-time target of 60p.
...and I really like the Oclaro chart above. Looks good for $13 plus.