Iqe Share Discussion Threads

[yump] 21/3/2017 08:15

imo this will tail off to a fair valuation and be very boring until next results.

[toptrump1] 21/3/2017 08:13

Can't even sell these online

[american idiot] 21/3/2017 08:12

God help me. I have bought this dip.

Pure traders profit taking - I hope. Gulp.

[american idiot] 21/3/2017 08:10

TAKE HER BACK UP NOW PLEASE FOLKS ! lol

[toptrump1] 21/3/2017 08:10

Back down much faster than the rise, those stop losses to come

[goldfinger_1964] 21/3/2017 08:10

Maybe a good short from here

[shanieboy01] 21/3/2017 08:09

Knew this would happen.

[hyper ai] 21/3/2017 08:05

Good results but maybe a dose of reality setting in?
A notoriously cyclical business which has been ramped to the heavens this last 6 months.

[spoole5] 21/3/2017 08:05

Traders bailing!!

[owenga] 21/3/2017 08:04

Looking at the SP, market was clearly expecting better. Held for about 5 years, and happy to wait another 5 years for real growth.

[toptrump1] 21/3/2017 08:03

Never fails to disappoint, earnings p/s Down!

[poombear] 21/3/2017 08:03

I see there is a presentation this morning to analyst's. Anybody know if this is streamed/accessible?

[lurki0] 21/3/2017 08:01

The figures are good, I believe, and a year down the line we'll see that they mark a quantifiable and classic 'turnaround' in the company's fortunes. Their real value is in their clear signalling of the upward trend in business that we've all anticipated. Combine that with the very bullish forward-looking statement and you have the picture of a company still ascending the early stages of a very impressive growth curve. If you trade such a prospect is irrelevant. If you invest you will be delighted.

[poombear] 21/3/2017 07:59

Need to take into account a one off paper gain of £5.1m from equipment delivered as part of the JV in 2015. This made the the basic EPS for 2015 higher. Take that out of the equation and 2016 has done better. So for that reason adjusted EPS is a better guide.

[sheep_herder] 21/3/2017 07:54

lol Tommy, CMOS++ is years away. It's the use of GaN on Si in ICs. Come back in 10 years.

Great results today and shows all markets growing. I've been trying to get this across for ages but no one wants to listen - these technologies take a long time to develop and bring to market. Their take up will be exponential so anyone thinking there will be massive gains in the next 3 years is going to be disappointed. Buy as much as you can and stock them away for 10 years.

[big7ime] 21/3/2017 07:50

Agreed Ipavlou disappointing overall, surprised by wireless.
Basic eps down and more dilution. Appear to be "buying" growth in sales with capital investment and debt
Big players will be looking at cash generation relative to this and basic eps
I fear these figs are already priced in, if not fallen short of expectation
Yump, use basic for p/e

[sweenoid] 21/3/2017 07:50

An excellent set of results and a superb outlook, beat analyst revised estimates on ALL metrics, much more satisfying is that the accompanying statement is so positive-measured, trying to manage expectations but no caveats at all. I am very pleased. The increase in CAPEX was entirely necessary, high tech stocks must invest to keep ahead.This stock is a KEEPER, it's in an accelerated growth phase with exciting markets that's are growing well or just about to take off.i think the long awaiting re-rating is due, it will be interesting to see the analyst analysis. Many will not read the full details-I commend you to do so, the clues are there. In the short-term wireless is predicted to grow faster than many expect and photonics is on a continuing 'rip' very excitingly very positive comments are made on GAN , the filter market ( would double our wireless income) and of course the big daddy RF power switching -which is huge.

By the way a renewal of the Skyworks contract is NOT RNS able as the market expects it, a loss of that contract would be!, therefore take it as read it's re-signed :-)
Here are just some of the highlights for me among the many.
.Our focus on building a strong IP portfolio reflects our vision of global leadership across a range of markets as advanced semiconductor materials become an increasingly important enabler of a wide range of electronics applications. This strategy underpins our strong financial performance, and the exciting outlook we see for our business.”

Direct engagement with multiple Tier 1 OEMs reflect IQE’s strong IP position and the increasing importance of epitaxial IP as a key enabling technology within electronic systems;

Excellent progress with new cREO technology delivers some early wins, including delivering a step change in GaN on Silicon technology (the elimination of “parasitic channel”), and engagement in development programmes for advanced RF filter applications;

Gallium Nitride on Silicon (GaN on Si) is driving a technology shift in the multi-billion dollar power switching and LED markets. IQE has continued to push the technology boundaries and is making rapid progress both technically and in developing commercial relationships in the supply chain. The power switching market alone is approximately 3-4 times the size of the current market for wireless PA chip market, and represented a major growth market for IQE. IQE’s patented technology, cREO, provides a significant competitive advantage in this space.


IQE has developed multiple routes to delivering this powerful new hybrid, and the addition of cREO and other IP provides a unique solutions to achieving the end goal. IQE is involved in multiple programmes across the globe, which are developing the core technologies from which we expect highly significant revenue streams to emerge over the next 3-5 years.


Current Trading and Outlook

The Group’s technology and market leadership, and its strong pipeline of high growth opportunities positions it well to continue its growth profile over the coming years.

The current financial year has started well and trading is in line with expectations. The outlook for the full year remains very positive, with good upside potential. The Board remains confident that the Group is on track to achieve expectations for the full year, and anticipates that the Group will continue to benefit from strong cash flows.

I am off on a long dog walk, will climb a mountain and have a liquid lunch at Wales best restaurant, but I will be buying some more 1st ;-)

Later.....

S

[adventurous] 21/3/2017 07:46

I wish IQE would do what ARM used to do, show all key figures in dollars!

With the current currency gain reserve (may convert to profit), the per share net asset value is circa 28p

[owenga] 21/3/2017 07:45

A bit disappointing. Revenues only 70m for 6 months against 63m first 6 months. 6m of increase simply due to fx.

[tomyumgoong] 21/3/2017 07:43

I must admit I wasn't overwhelmed by these results, wireless performed better than I expected but photonics @ £22m wasn't that impressive....only a £2m increase on the first half. infrared performed to what I would expect considering the H1 contract win, no gain on Cmos++ from what I can see! I was disappointed that there is no mention of the Skyworks contract being renewed....... we are still waiting for that one!I think this needs further number crunching! I was expecting better!

[3rd eye] 21/3/2017 07:41

Current Trading and Outlook

The Group's technology and market leadership, and its strong pipeline of high
growth opportunities positions it well to continue its growth profile over the
coming years.

The current financial year has started well and trading is in line with
expectations. The outlook for the full year remains very positive, with good
upside potential. The Board remains confident that the Group is on track
to achieve expectations for the full year, and anticipates that the Group will
continue to benefit from strong cash flows.

Dr Drew Nelson OBE
President & Chief Executive Officer
21 March 2017