Iqe Share Discussion Threads

[x5jwa] 13/3/2017 12:22

Intel have been buying shares in IQE

[someuwin] 13/3/2017 10:02

NEX exchange is actually the new name for the old ISDX secondary market.

You can see IQE trades on the NEX exchange here...

[rutter] 13/3/2017 09:52

Thanks again. So the Canadians are up early ?

[aimingupward2] 13/3/2017 09:45

"NEX
A separate board of TSX Venture Exchange. NEX was launched by TSX Group, effective August 18, 2003, to trade as an open, continuous auction market, on the same TSX Venture trading engine, and to be governed by identical trading rules. NEX provides a trading forum for issuers that have fallen below TSX Venture's continuing listing requirements. They are identified with an extension of "H" added to their stock symbol."

You can always google 'stock market terms' to find this sort of thing, rutter.

[rutter] 13/3/2017 09:34

Could someone please tell me what "NEX" means next to a trade. Thanks

[lurki0] 13/3/2017 09:25

trumpy:

"That is why no share goes up in a straight line and corrects."

Did you mean to write that???

[toptrump1] 13/3/2017 08:46

Yump, you are right and the market is pricing in a huge upswing of profit hence the meteoric rise in a short period which has now overshot as Pi jump on bandwagon. That is why no share goes up in a straight line, and so corrects. Google Fibonacci retracement
It's basic human behaviour vs maths

[spursspurs] 13/3/2017 07:47

look forward to results on the 21st so can see facts rather than load of rubbish on here that some people post....

[yump] 13/3/2017 07:44

Its next year that's important, not this year, especially given all the hope and talk about future growth. Even with a non-tech. stock that is not expected to start growing, the focus would be on next year.

[shanieboy01] 13/3/2017 07:40

Totally agree horneblower

[jaws6] 13/3/2017 07:27

hB
lot been got done at wrong price in few bad moves to see them higher.
Those who were in ARM knows how hard it is some time for end result. last few broker upgrade notes with Edison note numbers above will be beaten.

[horneblower] 13/3/2017 07:16

Careful not to put stop-losses too close.
If mm's play games at all it is to deliberately collect peoples' stops.

[shanieboy01] 13/3/2017 07:07

Toptrump just set a stoploss simples

[jaws6] 13/3/2017 06:54

forgot to put from Edison
Year end
Revenue (£m)
PBT*
(£m)

EPS*
(p)

DPS
(p)

P/E
(x)

Yield
(%)

12/16e
129.0
20.3

2.88

0.0
13.2

N/A
12/17e
130.0

21.9
3.11

0.0

12.2
Note: *PBT and EPS are normalised, excluding amortisation of acquired intangibles, exceptional items and share-based payments. EPS is fully diluted.

[aimingupward2] 12/3/2017 23:03

Thanks bestace. You're quite right of course re 'targets' and 'forecasts' and I have amended my wording as a result.

Management expectations, although not known to us as outsiders, would not be altogether 'meaningless'. The key point, surely, would be that things are going surprisingly well and those expectations, whatever they were, are being exceeded.

I agree with you that it is poor, or 'shabby' as you put it, not to be more precise and offer comparatives, but perhaps that's asking too much.

[bestace] 12/3/2017 22:28

sweenoid - strange comment when you've been posting your own expected figures!

aimingupward2 - they didn't specify in the RNS whether it was market expectations or management expectations they were referring to. Where this is the case I've generally taken them to mean market expectations, which would be broker consensus forecasts (not targets; they usually use targets in relation to the share price, not EPS).

If they meant management expectations then the whole 'outperform' statement is meaningless as no one outside the company has a clue what those are.

Of course the sensible thing would have been to add a footnote in the RNS stating in pounds shillings and pence both what the previous expectations were that they referred to, and adding a range of what they now considered revised expectations to be. It's shoddy comms not to do this, although IQE are by no means the only culprits.

[aimingupward2] 12/3/2017 22:06

Are 'expectations' and the mean of brokers forecasts considered, for all practical purposes, to be the same thing or are the 'expectations' only those of the company? If the latter, then they may have been ahead of older and perhaps more conservative, brokers estimates, even prior to any recent comment about them being exceeded.

[bestace] 12/3/2017 20:59

Big7ime - How do you get from that list of one-off factors to a specific figure of 3.7p?

The brokers were forecasting 2.7p before the December trading update, in which adjusted operating profit was said to be "ahead of expectations". A result of 3.7p would be 37% ahead of those expectations, which seems excessive to me.

The trading update came just 2 weeks before the end of the financial year so they should have had a pretty good idea of what the final outturn would be. Maybe I'm reading too much into it, but the lack of a qualifier in the update such as 'materially', 'marginally' or 'comfortably' ahead implies to me a 10% outperform might be reasonable (3p), maybe up to 15% (3.1p).

[jaws6] 12/3/2017 20:32

IQE broker consensus analysis given here

[toptrump1] 12/3/2017 19:35

This will come back, google parabolic stock chart. it's a classic Pi trap
Iqe has had this many times the last being 2010/11 look at what happened then, 100% Fibonacci lol
It's a dog, ennismoore are not fooled.

[big7ime] 12/3/2017 18:56

I believe We've already hit 2.91 rhomboid, the mkt expects much more now. The analysts have to be behind the curve
If I'm wrong then excuse my optimism, and expect a share price correction
We've all had AIM stocks with overinflated predictions and not meeting timescales, that's what makes volatility and I love to trade them.
But the board has had to remain cautious in its statements as all sorts of problems can occur (e.g the de-stocking of late) and have in past
I think they have been conservative
These set of results will benefit from a no of one off things all coming together, unwinding of the inventory probs, currency, completion of royalty payts, orders for next gen iPhones (hopefully)
Anything can happen here as the business it's so mysterious.

It's sensible but difficult setting a stop loss after such a rise, what price would you set? 45? Why didn't Ennismore have a reverse stop on their short?
IC were tipping iqe before the herd at about 24 but bailed early as price crashed, I think their tgt was 48 so in hindsight they were ironically spot on.
After a good rise a 50% retracement of the rise is most common in charts. So this could be traders paradise and very volatile the next few mths.
I'm going to stick my neck out and predict traders paradise 52 high this week falling to 34 (it wasn't long ago) at some point next six mths and 65 within a yr to 18mths


Retracements occur when selling pressure comes into the market and the stock price declines. This is also called a correction because it brings the overbought stock back down to a reasonable price level as traders take profits. Gann theory expects a normal retracement of 50 percent. This means that under normal selling pressure, the stock price will decline half the amount of its most recent rise. If selling pressure is light and the stock might trade up, the retracement will be 37.5 percent. If the stock is in a full correction, the retracement will be 62.5 percent of the original run-up in price from previous support. Roughly. Fibonacci is more technical and a lot of traders use it religiously.

[rhomboid] 12/3/2017 15:48

Consensus from 4 brokers is 2.91p, I expect a beat and a v positive outlook fwiw

[aimingupward2] 12/3/2017 15:44

Big7ime says he expects eps "to be nearer 3.7p which gives a p/e of 13.5."

Anybody else think that? I'm not sure what the consensus is. Below 3.5?