Iqe Share Discussion Threads

[pyglet] 23/8/2017 19:57

Another positive UP day

[sspurt] 23/8/2017 16:30

B7 - all sell side research has an angle. Rule 1 is ignore the stock recommendation and rule 2 is concentrate on the facts,if there are any, not the opinion.

[big7ime] 23/8/2017 16:18

I normally go against broker recs anyway, e.g. I was buying below 25 when they were saying sell. Another stock I have been buying at much lower prices is Anto which is doing very well against all the broker recs of the past yr. You have to ask yourself how they can get it so wrong? Or are there ulterior motives at play

[luxaeterna1] 23/8/2017 15:53

Lovely quote in the Stifel on IQE: "In time this could be part of a wider increase in the per phone RF TAM from c. $3 to potentially as high as $8-13".

mmm

[jimboyce] 23/8/2017 15:29

CMOS++This will be the biggie in the next decade, in conjunction with INTEL.The ever-increasing demand for higher speed and improved performance from today's electronic devices is ushering in a new era of semiconductor materials that combine the scale of the silicon industry, which has been the default semiconductor material for the last half century, with the power and performance of compound semiconductors that have emerged as true 21st century materials.IQE is at the forefront of developing highly advanced technology for producing compound semiconductor on silicon wafers and has also developed a new range of engineered substrates such as germanium-on-insulator (GeOI), germanium-on-silicon (GeOsi), and silicon-on-sapphire (SOS) for next-generation microprocessors, ultra high speed/density flash memory and MEMs devices.IQE has established a powerful position in these advanced technologies, working with some of the biggest names in the industry and on major government funded programmes, which is reflected in a number of joint patents awarded in conjunction with Intel for the production of compound semiconductor materials on silicon substrates. Indications from customers are that initial product launches are anticipated as early as 2016.We believe that the intellectual property that we are developing in this field has the potential to revolutionise the semi-conductor world, and in doing so create significant long term value to IQE stakeholders.

[twatcher] 23/8/2017 15:23

Bigtime.said
"so by all accounts they are and have stated they r expecting a retrace."

That Stifel note was issued on the 11th of Aug, with the current share price stated as being 130, and with a BUY rating with a target of 157.

Why would an analyst initiate coverage of a stock with a BUY rating, if they expect the share price to retrace from the price they initiated coverage ?

[richardc77] 23/8/2017 15:22

$0.33 per phone is lower than was mooted, I'd have thought $0.50-75.

[poombear] 23/8/2017 15:00

I'm not going to apologise as Win Semi are a producer of GAA wafers, but do concede only after reading the Stifel report just this very morning, that IQE are a supplier of WIN.
Interesting that Stifel are predicting $0.33 per iPhone for IQE (for VCSELS).

[big7ime] 23/8/2017 12:31

Since you're back Sw I will too

I have studied that report, it's a hard read but there is lots of financial detail which I think has been lacking and will be the cause of much volatility
There is much I don't understand re the tech and therefore I take more interest in the fundamentals and financial projections which appear to only really get moving up in 2019 and maybe the excitement and increase in val is pricing that time early
Short term it looks expensive because of the earnings for 2018 not expected to rise significantly above 4pps and their predictions for a range of mkt val and hence share price with a median around 80p for this yr. it's not until 2019 that they get their 157p so by all accounts they are and have stated they r expecting a retrace. They also qualify their tgt by stating that iqe can withstand a higher rating (per) than their peers as long as they have the vscel dominance (80% share)

[grabster] 23/8/2017 12:12

Yep. Thanks sweenoid.

For ordinary mortals who are not into the technical detail of where IQE's prospects lie, and how broad they are, I can fully understand them latching onto the iP8 part of the story - as that bit is easy to grasp. And if exciting headlines about that connection prompt analysts or prospective investors to look into the much wider detail of what it is that IQE do, great. Come the end of September, with Sept 5 results and iP8 launch done, I expect the world to focus on other aspects of the company's future, and I expect the conclusions to be solid.

[jimboyce] 23/8/2017 11:58

I agree Sweenoid. If anybody needs any reassurance about IQE's prospects they should go and read the whole of the Stifel report.

[sweenoid] 23/8/2017 11:50

Hi
It's not good that I felt compelled to look at the internet last night-I was hoping to last at least another week, but cold turkey got the better of me ;-).I profess to being happy with the present share price of around 130p,150p is going to be 'The Rubicon ' to cross and it was TOO early last week for that milestone to be breached.If it could consolidate 125-135 pre-results the chart would look great ahead of the inevitability of its next rise.

A couple of points -


What is the preoccupation with a minor short position?, worry if you will newbies ;-)

Qualcomm and 3D sensing -now that's been interesting but a bit 'mirky'.My view -they simply HAVE to attempt to produce something that offers the Android market an alternative. The fact they are not going to Apple's main 3D sensing suppliers is obvious -they can't! , those suppliers are and will be at full capacity -there is no way for Qualcomm to leverage their way in. I doubt Qualcomm can 'do it' without VCSELS and if they want them they will HAVE to come to IQE :-), and their suppliers-likely Himax, will not be able to get any volume supply from anyone let alone IQE for at least 12 months.I think the likelihood of a non VCSEL alternative that will work as well as Apples is at least 2 years off....if at all :-)

Poombear posted something about Qualcomm as a threat 'teaming' up with WIN Semiconductor who he classified as a competitor of IQE -he's wrong. WIN are a major league partner of IQE , just look at this 'MOU - memorandum of Understanding between IQE WIN and NTU :-)



And to keep things up to date IQE said this in the 2016 earnings report

* "Good progress by IQE's Joint Ventures in the UK and Singapore mark key milestones in their development as centres of excellence in driving innovation and commercialisation of advanced CS technologies.   The UK Joint Venture was a catalyst to securing c.£300m of funding towards the continued development of a UK CS Cluster, and the Singapore JV has been selected as a partner in a major programme for CS on silicon technology."
For joint venture read IQE AND WIN

It's now crystal clear that the photonics division will be at near full capacity until Newport streams in in mid year 2018. ( we know that present capacity is good for $300million/year).Regardless of the rapid progress in the Indium Phosphide data centre business ( going gangbusters according to EVERYONE that supplies it) the IQE share price is now inseparable IMHO from the success of the new iPhone8. That is how I perceive the market will 'view it' anyway.Regardless of an initial slow permeation of understanding of how that will affect IQE , the tide of understanding and knowledge will turn completely after its launch , the press coverage will be huge and will follow what will be a very bullish interim statement.The present share price is a complete STEAL for those with a long term view.

S


[bocase] 23/8/2017 10:51

Has this been posted. Apologies if it has

[bocase] 23/8/2017 10:49

I have just been re-reading the very detailed 42 page analysts report from Stifel.



I particularly like the sentence in the summary:

"Our thesis is that lurking in the Cardiff suburbs is UK
Tech’s next large cap tech company"

The accepted definition of a large cap company, is one with a market cap in excess of £10bn. Given the meticulous detail in the Stifel report, I don't think he would state this lightly. This would imply the potential, down the road, for a share price in excess of £15 per share.

[maxwellsdemon] 23/8/2017 10:49

.........................According to the report, the global accounted for USD 1.25 billion in 2015 and is expected to reach USD 7.89 billion by 2021, growing at a CAGR of around 35% between 2016 and 2021........

[dr_smith] 23/8/2017 10:14

Hammerd2
Yep .. good macro guestimate...investment in extra capacitiy implies known sales, going on stated strategy.
.. so you're not getting an I8 then???? Duck!!! I'll get me coat. ;-)
(I have no interest in iphones as a user)

[filmster] 23/8/2017 09:36

Samsung galaxy s8 already use facial recognition

[fullbright] 23/8/2017 09:11

The face recognition will also drive authentication of purchases at some stage. Your face is your wallet, bye bye credit cards perhaps??

[potential] 23/8/2017 08:49

Nah it's going to be face recognition for the iphone8 I think most know that, And this is only one device it will be used on many other brands will be jumping on to the bag wagon!! Exciting times ahead

[richardc77] 23/8/2017 07:54

Not sure I believe Apple would put fingerprint ID on the back of a phone. An inelegant solution considering how many iPhones live in cases, even with a logo cut out on a case it would be clumsy. Will be intriguing to see how this pans out as the talk is for iPhone 7S and Plus 7S to remain as a similar design to current 7 (including having touch ID and LCD screen) with only the 8 (or whatever they call it) having the new form factor (OLED screen) and no touch ID.