Iqe Share Discussion Threads

[panic investor] 01/9/2017 08:38

"Out until results"Usually expectation drifts the share price up into them - at least sell on Monday just before if that's your approach

[pyglet] 01/9/2017 08:28

Out until results.

[sheep_herder] 01/9/2017 07:14

snakeoil, if you think an IMG type fall can happen here then you have a basic misunderstanding somewhere. I suggest you try and understand what IMG did wrong from a business perspective and then compare that to IQE. It's impossible to take you seriously otherwise.

[thereptile] 01/9/2017 06:55

Once they've used it to wipe up all of their pee

[bauchsapt] 01/9/2017 00:08

Marshall wace seems to have shorted over 100s of shares. How likely is it that they have got all of them right or more importantly this one with all the good news on IQEs side and the bullish nature of the statement I know whose side I am on.

[big7ime] 31/8/2017 23:16

Up again



On the right side half way down Click on short positions daily update xls

[grabster] 31/8/2017 23:08

You are mistaken hammerd2, if you think such arrangements don't exist. But obviously you are free to disbelieve it if you wish ;-)
Deniability of a connection (ie, no evident concert) is not difficult ensure.

[hammerd2] 31/8/2017 22:47

grabster no it isn't. If you have an actual holding. You have to report it. It's not like these companies are sharing it with their spouses. So please don't be that silly again.

[snakeoilsalesman] 31/8/2017 22:44

Sweenoid,no need for the snake slime jibe.Not with or against you.Just don't want a IMG type fall to happen here.

[sweenoid] 31/8/2017 22:09

Sheepy -what I think is immaterial at the end of the day, we are obviously going to do 'the business', with whom is of course conjecture, but as long as it's done , and it obviously will be, I really don't care who it is with, but it's fun guessing.

I read the Stifel white paper last week, it's a confidential document for clients only, but since someone else posted a link, I would recommend its read :-) , fascinating stuff.

Consolidation at this level going just to plan
S

[chessmaster10] 31/8/2017 20:53

hxxps://stifel2.bluematrix.com/sellside/EmailDocViewer?encrypt=66f49f3d-75a3-47b2-8f4a-802150e0b17b&mime=pdf&co=Stifel&id=[e-mail]&source=mail

Re: psiren's post, this link is a white paper on 3d sensing, published by stifel. Worth a read for anybody who wants to improve their understanding of the technology and future growth potential.

[sheep_herder] 31/8/2017 20:38

sweenoid, careful not to add two and two and get five.

[psiren] 31/8/2017 18:58

sweenoid, we still dont know the what part the 3d sensing will play with the ar story with iPhone 8. what I find

I am not questioning the demand for vcsels in other areas and uses but think the value that they will add to ar is questionable
if you search for "tango ar platform" you will see that google have already been through the motions and started the project 5 years ago. they would have had access to the supply chain and many small ar innovations, years ago. To have binned it at this stage when the competition is heating up and to then be followed by sony is concerning for the depth sensor/AR story. I am sure that apple will make use of the depth sensors, but they are for "optimisation" and google have a head start on the learning curve.

Clay Bavor, VP, Virtual and Augmented Reality at Google even states that tango is fading into the background:

"I think Tango fades into the background as more an enabling technology that kind of works behind the scenes,” says Bavor. It’s not technically dead; Google will supposedly keep pushing for new and better cameras based on Tango tech, like a depth sensor. But these would be added to phones as an element of ARCore, not a discrete feature."

this shows that there will be demand, but they aren't compulsory. As long as non-depth sensing ar systems work well, the consumer won't care about 3d depth sensing in ar unless it is far superior and is worth the premium price tag. the last week has presented evidence that these software only systems work well, it's just a case of how much do will 3d sensors add to the mix, moves from google and sony suggest "not much"

[sweenoid] 31/8/2017 18:18

As alluded to by Hyper Al above



It's interesting for a few reasons-let's assume it's true, I believe it may be, the reason I believe it's true, is that Apple's demand will be MORE than Lumentum can produce anyhow :-) therefore an exclusivity deal would likely bring them a better 'deal' whilst Apple lock- out competitors.

But from the IQE prospective it might be even better- IQE stated in the IMS that they had MULTIPLE multi- year contracts ( hence enabling and assuring their Capex spend and expansion in capacity)
Obviously VCSELS can be used for other applications - but which one's could be going into MASS production - LIDAR is a candidate for sure
Also IQE are likely to be supplying the 'other' suppliers that Apple will use for smaller quantities ( they simply HAVE to have some duality of supply).

So if true it means that our supply will be significantly higher than that just needed by Lumentum
Since Apple are control freaks and Tim Cok above everything is an 'operations and logistics/supply- side guy,

Here is a section of his wiki
Cook closed factories and warehouses, and replaced them with contract manufacturers; this resulted in a reduction of the company's inventory from months to days. Predicting its importance, his group invested in long-term deals such as advance investment in flash memory from 2005 onwards, guaranteeing stable supply. Cook is an AR fanatic - with his supply/ operations genetic make- up, he will be adamant to ensure the very best component supply to and from OEM's AND directly?!

With this in mind - I may be changing my mind whether Apple have in fact penned a VCSEL supply deal with IQE ( it can't be EXCLUSIVE as we have MULTIPLE new customers) However Apple may have secured an exclusive contract on the 6inch wafers , leaving IQE to supply 4inch wafers to everyone else??

Since I am of the opinion that 3D sensing can be done without VCSELS BUT it will be inferior especially for the ABSOLUTE KEY INNOVATION of the iPhone8 that is Augmented reality, then I think the VCSEL supply story for IQE is likely to be even bigger than even I had originally hoped for :-)

Of course even if we have some sort of direct deal with Apple we won't be named, but the volumes is what counts because that's what generates the revenues

Very exciting times

EDIT I see Apple are making the announcement in September at their new $5billion space- style campus, in the 8000 seater auditorium, guaranteeing even more pizzass, the PR and press/TV social media coverage is going to be massive. As I keep saying IF we have to have a Siamese twin to be attached to for a few years then Apple has to be the number 1 choice. My investment here will be long sold before they get the chance to do an 'Imagination perfidy' on IQE, :-)
S

[qruz] 31/8/2017 17:46

Apple (NASDAQ:AAPL) has sent out invites to a launch event for September 12, which makes the long-rumored date official.

Reveals should include the iPhone 7S / 7S Plus and the premium, OLED-screened iPhone 8 plus a 4K Apple TV and a Series 3 Apple Watch potentially with cellular connectivity.

Apple shares are up 0.59%.

[someuwin] 31/8/2017 17:27

I suspect if anything they're shorting IQE as a proxy for the market in general.

If you think a major market correction (i.e a crash) is likely soon you might try to get more leverage on the downside by shorting stocks like IQE that have risen most over the last 12 months.

Just my guess. I'm sure they're not short IQE for any stock specific reasons - I doubt they even know what IQE do.

[psiren] 31/8/2017 17:21

mad foetus:

not sure if you watched that video in BBC link you posted about sony (

They actually state that it doesn't need a dual lens system and doesn't use 3d depth sensors: "The app looks for changes in light as the phone moves to determine depth". So IQE aren't involved

the ARcore announcement from google also shows that they do not need depth sensors to provide a great ar experience, they use a similar system to sony. The 3d sensors in higher end devices may add something in terms of accuracy, but it's beginning to look like ar doesn't rely on 3d depth sensors in general. A bit worrying eh?

[grabster] 31/8/2017 17:13

hammerd - a matched position is very easy to present as unmatched - they merely have to split ownership between additional partners on one of the sides.

[hammerd2] 31/8/2017 16:36

I don't particularly want to restart the short debate again as it's not the most interesting IQE story by a long chalk.

But the argument for the hedge some assume that Ennismore and MW are taking against a larger long position has a flaw.

That is, they now both have shorts around the 1.5% mark but do not have long holdings of more than 2.99% so if they do really hold long positions then their scope for actually making money from share price movements from now on is pretty limited as they'll be making almost the same profit as loss for each movement.

Anyhow, now I've pulled the pin out of that one I'll leave you to it as I'm off on the lash.

[nimbo1] 31/8/2017 16:33

if you look at all the marshall wace short interests it normally caps out around 1.8%-2.0%, probably due to internal fund rules? so unlikely to see further large increases in their positions imo.

hxxps://shorttracker.co.uk/manager/marshall-wace-llp/

[lurki0] 31/8/2017 16:28

As I said yesterday, it's beginning to smell like somebody's stranded on the wrong side of a trade. When I look at those positions held by Marshall Wace and Ennismore I am reminded of the old Sherlock Holmes story: The Dog That Didn't Bark. i.e. there's something a bit peculiar about this picture. The usual suspects (e.g. Blackrock) haven't joined their little party this time. Moreover, every time they raise their position the share price drifts upwards; their last little sortie was on the 21st and 23rd, since when the share price has moved up around 10p. Clearly there remain buyers more than willing to take what they're offloading. As has been suggested around here before, either they are sensibly hedging a chunky long position or....they've succumbed to some sort of reckless mania. The latter of which may well be the case since they'll be betting with someone else's money - the funds of their esteemed clients. Will they close before Tuesday or butch it out? What a dilemma! Normally I disapprove of blood sports, but on this occasion I'm happy to make an exception and enjoy the spectacle.

[hyper ai] 31/8/2017 16:14

Lumentum Spokesperson Declines Comment Following Rosenblatt Report Suggesting Co. May Have Won Exclusive Supply Deal With Apple
Paul Quintaro , Benzinga Staff Writer

[techtrader5] 31/8/2017 15:58

Check out the chart on short tracker and see how it correlates to total short position

I think you'd have to be brave to bet against it and next week will be choppy

[adventurous] 31/8/2017 15:47

Big7ime - shouldhavesold - techtrader5 - all seemed to be singing from the same 2014 hymn sheet ;-)