Iqe Share Discussion Threads

[toptrump1] 13/4/2017 08:11

You are the muppet Sw, at the time it caused the shares to crash, the directors have no regard for PI shareholders and did it purely to line their own pockets even further as if the massive milking with share options was not enough for them. Furthermore, i suspect the shares Were then used for shorting.
You need to do the full research negative as well as positive and not fall in love with your shares as you know what can happen if you disregard red flags

[adventurous] 13/4/2017 07:49

It was the smartest move ever, caught out those shorting (Blackrock).

[dr_smith] 12/4/2017 19:14

It may be legal, but it was devisive with questionable morality and deceiving to shareholders. If you are happy with it fine. Others taking a contrarian view,m yself included are derided by you. Respect and understanding is a two way street.

[sweenoid] 12/4/2017 18:46

Oh dear-that old chestnut!!

Why oh why can't people read the FACTS before they start spouting their vitriolic nonsensical, untrue bile

If anyone reading the ACTUAL RNS release explaining what actually happened does not realize what a superb move the IQE directors made to BUY shares in IQE whilst allowing them to pay tax and NI due on options earned then they are even bigger muppets than I thought.

In essence they raised cash and ACQUIRED shares, using a completely legal vehicle, the only obligation was that they were to buy the shares back on 10th October 2017, they have to pay 11.4p per share to buy them back and as they do so those shares will instantly be worth the market price on that date -about 85p methinks. The shares could NEVER be used to short the company.

Good business OR WHAT -we are all here trying to make some dosh, it appears our directors are too , and good for them! :-). They entered into this agreement to effectively RETAIN their option shares -showing big confidence in the company when it was the but of huge criticism.



S

[toptrump1] 12/4/2017 18:15

directors morals that use First Equity are questionable in my opinion. I have had two cos where greedy bosses have crippled the share price through questionable dealings with such "finance" firms. Heh but that's in the past

[grity] 12/4/2017 18:02

Thanks Rivaldo, that's the one.

[big7ime] 12/4/2017 17:45

When most are sells?! I'm not so sure, a double top and high vol on sell side could signal the end of the run for now.

[rivaldo] 12/4/2017 16:13

Another big volume day, with almost 13m shares traded so far - it's extremely healthy to see such volumes at or around these new highs.

[big7ime] 12/4/2017 14:55

Good summing up S but I think could already b in the price for now. The results are going to have to be "good but why are the analysts projections so poor? and anyway I'm not sure 15-25% is going to be enough
Next yrs will be the big ones, I can see profits multiplying..

[rivaldo] 12/4/2017 13:57

Grity, I assume this is the interview re opticals you're talking about:



Nice post gnmartin - informative, balanced and self-deprecating! First Equity's buying (if so) would only have been a small contributor to all the buying recently, but would obviously have helped. None of us will know until October what will happen, but it's subsidiary to the transformation happening here anyway.

[gnnmartin] 12/4/2017 13:45

A black signet hatches on Oct 10 this year, when IQE directors need to repay approx. £2m to First Equity. One might expect the directors to sell some shares (they used the money they borrowed in the first place to buy shares). That would have spooked the market once, but probably not given the growing enthusiasm.

On the other hand, according to TW the directors transferred a chunk of share to First Equity as security for the loan and First Equity immediately sold those shares, causing the share price to fall to about 14p. So if TW was right, First Equity are stuffed. Could be they will have to buy back a big chunk of shares in the market, which will push the share price up. Or could be that they have been buying in anticipation, and it is they who have been pushing the share price up. Or it could be that First Equity are going to fold and the directors get to keep the cash they borrowed but lose the shares they pledged.

Or it could be that I don't know what I'm talking about.

[agaudry] 12/4/2017 13:24

No-one posting .... looking good .... good informative post sweenoid.

[someuwin] 11/4/2017 16:17

"...This week, Taiwanese electronics manufacturer Foxconn was reported to be willing to pay up to $27bn (£21.7bn) for Toshiba's computer chip business, a move which could help shore up the losses if it went ahead..."

[poombear] 11/4/2017 12:07

Toshiba in big trouble. Not sure what they do CS wise, but often see their name mentioned as one of the big players, in the market reports for Epitaxy, Photonics GAN etc.

[rivaldo] 11/4/2017 09:05

Terrific summary sweenoid, many thanks. Great to read such informative and detailed posts.

I too am expecting a continued good year here in terms of both company and share price performance. Happy to wait for the H1 trading statement to kick-start things, but I'm sure your observations from the AGM will also be extremely pertinent.

[sweenoid] 11/4/2017 07:52

A bit of a read - take it or leave it , no more from me till after Easter, so have a good holiday.

Why IQE 1st half will surpass expectations and the share price will gradually increase through the year. All IMHO AND DYOR

Here is a list of reasons why Interims due to be reported on 13th September will smash last years results and far exceed analyst expectations - which are actually setting the bar very low and therefore easily beatable.

1- currency , IQE has a natural hedge as earnings are in $ and most of costs and loans are also in $, HOWEVER the entirety of 2016 1st half was at a 15% discount to this year- so REVENUES counted in $ and converted to £ will be up 15% , this is of course presentational but it's going to look nice

2- ALL of the 1st half 2016 included the 'discounted pricing agreement' with QORVO ( ex RFMD) , IQE acquired the in- house epistaxy unit of RFMD in 2012- RFMD becoming QORVO who were then obliged to buy wafers off IQE till the agreement ended but at a discount ( I guess 10-15%) this discount ended on September 30th last year- so IQE will now earn the 'proper' rate per wafer' with the totality of their business with IQE , this is going to be big $?, go work it out :-)

3 global wireless smartphone trends - IQE makes no money out if basic phones or 2G, makes a bit in 3G , a lot on 4G , the BIG Money comes with global LTE , the global shift to higher spec phones means the wireless business is growing, we have not got into the filter business yet - that's to come but there is no de-stocking, 1st half should be good and a s we know from the CEO we are INCREASING our market share and pinching competitors business.

4 Photonics - this is where it gets really exciting as the demand for these products based on Indium phosphide and VCSEL's is still on a rip, and will remain so for years to come, so what's different 1st half 17 to 16

2 main things- IQE are NOW providing DFB/LD , 'full service wafers' , they are shipping and the value of each wafer is x2-3 of the wafers they sold last year and opens up the access to new customers :-) , margins are going to grow- always a good sign and those $ will come rolling in. Also the applications for VCSEL's are just about to explode , hopefully the new iPhone will have 3D sensing , if so we are off to the races as everyone will follow, the problem here will be the customer demand - not our problem , rather Lumentum and Finnisar's ( 2 most likely providers) since we have 80% of the market and the meanest fastest VCSEL's we WILL dominate the market for customers, there is already big debate on how the VCSEL demand spike will be supplies, one of our main competitors is 18 months off having a competitive manufacturing base, I am hoping this will not put Apple and others off-they could be too reliant on IQE to supply their manufacturing parners

5 2016 1st half contained a payment of £10.7million (£ not $) to settle the final payment for the Kopin acquisition, no such big outgoing This year :-)

6-we have a plethora of news coming up from our biggest customers, within a month Macom, Skyworks, Oclaro, Qorvo,will report the health of the market in segments we supply, it will be important to 'read' the relevant sections of their reports and listen to the CC's ,I am expecting those that deal with photonics to report demand is high and those that do wireless to be positive, I would also look at Apple- which is a bellwether for the wireless industry and also Lumentum which has the best chance of being the number 1 VCSEL supplier.

Of course RF filters, solar, RF power ( the big daddy ) will not feature in the 1st half earnings ...that will come in the 2nd half and in 2018 , as will the potential of a huge upgrade in wireless earnings with RF filters ( enabled by our cREO IP)

The great thing is that all the analysts have set the bar low :-) , giving room for nice big juicy upgrades on earnings and share price prices. I will be assessing the morale and body language at the AGM in 2 months and expect the earnings on 13th September to be stonkingly good, of course we will get a trading update mid-July which is highly likely to be a share price mover


All in all , I think prospects are as exciting as they could be, as such I will be depositing the maximum ISA allowance for me and my wife on IQE and have now set my personal share price target at 85p for the year ( highly conservative )

Make your own mind up, but I have been right from 16p ;-)
S

[aimingupward2] 10/4/2017 18:00

No, AIM listed shares are not exempt from capital gains tax but most are free from inheritance tax if they've been held for over two years. These things are easily checked by googling hmrc website on these matters

[hexode] 10/4/2017 17:51

Well this has been some ride. First put a toe in the water with 500 shares in 2001 During the Dot Com boom at £1.59 and sold at £1.95 for my first profit. This was a recommendation by Tempus Sunday Times in March 2001. Always kept an eye on semiconductors and this technology looked feasible back then; events have proven just how patient one has to be.
Over the years have sold on crests and bought on dips. Stop losses now set again.This has proved to be my most profitable share by far and all over the last few months. Its handy to have your entire investment standing in at zero cost.
Some posters have mentioned concerns about Capital Gains Tax I understand that AIM listed shares are exempt.

[shanieboy01] 10/4/2017 16:54

Haha nearly time to raise my stop loss again. Only by a penny though

[panic investor] 10/4/2017 16:34

Another good day

[sweenoid] 10/4/2017 16:05

i know some dont like R+D or anything that does not involve a direct income or sale ..but tech stocks have to invest to get anywhere. Pivotal for me has always been the ability to acquire 'bright young things' and retain them, young-blood , research opportunities are crucial to maintain momentum.

Its heartening to read Taffy's post about all the research that IQE are involved with - remember a large amount of research will always remain 'data on file' when its done with high profile partners ( we have a lot)

this little article from the CSC is also heartening



FWIW- just added £47000 worth in our ISA's ,just some of the proceeds from my IMG fire-sale

S

[taffy100] 10/4/2017 15:10

IQE’s Infrared division presents invited papers at SPIE DCS
10 April 2017