Iqe Share Discussion Threads

[hammerd2] 05/9/2017 12:52

Looks like no one thought to update the FY revenue expectations in the presentation. I'll be a little disappointed to only see £150m for the FY.

So after all the wailing and gnashing of teeth it seems the markets had baked in the trading update into their models as we're back to parity. Who said there was sanity in the markets ?

[desperate dan] 05/9/2017 12:51

Thanks for the link someuwin, much appreciated.

Sometimes, a quote jumps off the page, this one I particularly like (when talking about the market adoption of hybrid CS-on-Si):

• The transition will happen application by application,
increasing IQE’s addressable markets for many years to
come.

[grabster] 05/9/2017 12:42

".. no surprise that there are only a small number of posts about financials, hidden away in the thread..." (yump)


Hidden away in the thread? How does that work then? Surely if they're in the thread for all to see, they ain't hidden. Are they in code or summat?

You are in a hole; stop digging. You sounded daft and are now sounding dafter still with every new post. King Canute might have had some advice for you.


'The financials' (which you clearly have no clue about, hence cannot identify which ones to name) are just fine. As evidenced by the market reaction which would have slaughtered this stock if they weren't. And the beliefs that have driven the share price up sevenfold in 12 months have turned out to be justified.

[dr_smith] 05/9/2017 12:42

Sweenoid. I can't see any slide/presentation link on IQE Investors pages?
Edit Oops - Sorry someUwin..that link looked same as the rns...there now :-)

[sweenoid] 05/9/2017 12:28

At last -we get the presentation slides :-)
What a great viewing they make, lovely summaries and easy to understand ( well nearly)
S

[yump] 05/9/2017 12:27

adventurous

Yes I did miss that and got the same sort of figures. You're in the minority. I didn't wade through all the other posts.

It is funny how so many people have appeared while the price has had a consistent rise, who were nowhere to be seen when it was at 20-30p.

So no surprise that there are only a small number of posts about financials, hidden away in the thread. It was only financials that made it a de-risked buy at 20p.

imo the share price is well ahead of events and its now overvalued in the same way it was undervalued at 20p.

Still no financials and forecasts in the header though. If the future is rosy, why not post a few forecasts. Not holding my breath.

[poombear] 05/9/2017 12:27

In the IMS Drew Nelson said
"In light of recent progress and its increasingly confident outlook, the Board expects the Group will now exceed market expectations for the full year"

And in today's statement said
"the Group is on track to deliver full year earnings in line with the recently upgraded expectations."

Can someone please remind me what market expectation was at the time of the IMS and what it is, as referred to today?

[qruz] 05/9/2017 12:11

Can anyone share any Analyst questions and responses from the presentation?

Thanks

[zedder] 05/9/2017 11:46

Hopefully the shorters paid for LTHs to top up with cheaper shares this morning!

[someuwin] 05/9/2017 11:45

IQE H1 2017 Results

Click here to view the investor briefing presentation for the IQE H1 2017 results or click on the image below:

[davebowler] 05/9/2017 11:42

...............In light of the benefit of a strong pipeline and increasing revenue diversification the Board remains confident that the Group is on track to deliver full
year earnings in line with the recently upgraded expectations.

Dr Drew Nelson, CEO

[jimboyce] 05/9/2017 11:39

Sheep_HerderI did - see post 5149.

[bauchsapt] 05/9/2017 11:17

Elcapital: is this still going to burn to cinders as you was previously raving on about and calling everyone "idiots and morons" just wanted an update on your thinking so far post interim results?

[sheep_herder] 05/9/2017 11:12

Exactly. :-) Tell us when you find something.

[jimboyce] 05/9/2017 10:57

Sheep_HerderThe 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.

[volsung] 05/9/2017 10:56

Cheers Toffeeman. Nice when a plan comes good!

[rivaldo] 05/9/2017 10:53

Brief Liberum analyst comment (the article also has more comments from N+1 Singer):



Extract:

"Capex spending has doubled year-on-year and a further capacity expansion plan has been initiated to meet higher levels of demand that is expected in the second half of 2018," said Liberum analyst Janardan Menon.

"The breadth and depth of customer engagements sets the scene for increasing revenue growth through 2018 and beyond. IQE is representative of trends in compound semiconductor demand driven by VCSELs for 3D sensing, and other products."

[sheep_herder] 05/9/2017 10:48

jimboyce, can you expand on "all the joint work they have done together on CMOS++"? You mean a couple of published papers in 2011 or you've found something else?

[toffeeman] 05/9/2017 10:46

Credit to Volsung s/he called it spot on

[jimboyce] 05/9/2017 10:44

Yep Intel could easily take IQE, bearing in mind all the joint work they have done together on CMOS++Take out at 1750m, gives about £2.50 per share.

[sheep_herder] 05/9/2017 10:41

I don't think it makes any sense at all. I still maintain that IQE's technology wouldn't have helped Intel in any of the markets they've been attacking since 2011 and well into the future. They don't do RF filters or power amps. They don't do optical interconnects. It wouldn't have helped them beat ARM in the mobile space either.

Can anyone name a way in which IQE tech could have or will help Intel in the near term? I doubt it. I think it's just the usual misunderstanding of what IQE do.

Edit: I tell a lie, looks like Intel do some 100G interconnects now but that's not their main business.

[panic investor] 05/9/2017 10:33

Now that post does make more sense than the Apple one !

[nickdr99] 05/9/2017 10:31

From stockpedia in 2014....In 2011 it was rumoured and later confirmed that Intel Corporation were considering a buyout of  IQE with offers around £500m ,at the time it would have been a bold move by Intel given IQE,s earnings and debt position in 2011.However since that time the fortunes of both companies have actually reversed with Intel struggling to fend off its competitors and maintain its earning power,and IQE on the other hand growing its key and core business at a healthy level.In a recent interview,new Intel CEO Brian Krzanich indicated that the corporation are now focused on building its exposure in the mobile & tablet chips market,and potentially in to the new area  of wearable devices.It would be astonishing if Intel were not looking at the likes of IQE again for a potential buyout,because as has been proved in the last few years,the reliance by Intel on the PC Chips market and the unwillingness of the corporations former management to follow the trend of the mobile market has cost them dearly.It could be argued that had Intel actually taken over IQE back in 2011 the corporations performance would now be looking somewhat more positive.So in conclusion a takeover of IQE by Intel now looks compelling and makes sound business sense.

[nickdr99] 05/9/2017 10:27

Thanks guys. If intel seriously looked at IQE in 2011, then it seems reasonable that they would be looking again now. However interesting things might have looked then, must be a lot more compelling now. I get the point about the premium required and delivery risk, but if its the technology leadership they would want they might think they can improve the delivery risk by having control. Don't get me wrong, prefer that the company stays independent and we / uk can enjoy the benefits but it must be appealing to some.