Iqe Share Discussion Threads

[suffersnofools] 24/4/2018 08:47

Yes the pro shorters will exit around these levels.

[flashmob] 24/4/2018 08:45

BnB,

That's a good review of what was said at the Investor show (and the audio was poor) but we've heard it all before from Matt Earl and it's been explained by IQE.

It looks as if the major shorters anticipated the softer Iphone X sales and have worked on that. This has now been built in so it wouldn't surprise me if they partially unwind now.

[suffersnofools] 24/4/2018 08:39

Could go lower if we get similar guidance from other chip stocks reporting soon like AMD and Nvidia. Nothing like IQE but market sentiment is pretty indiscriminate within the wider sector.It will just be a small blip down in the chart foothills a year or two from now.

[suffersnofools] 24/4/2018 08:32

We missed you yesterday when the share price was up 8%.Did they discuss how tech companies at the early stage of an S shaped revenue growth curve need to reinvest profits into R&D? Feel free to short away ahead of H2 :) personally if I was going to short I would have done so when I sold 150k shares around 175p.....rather than after it's fallen around 70pc

[coiin stein] 24/4/2018 08:20

Oh dear! Oh dear! Oh dear!.... and so it came to pass
.................................................

CoIin Stein - 04 Apr 2018 - 13:23:44

Could quite easily drop to 109 .... and then 100.
I'd be a buyer again at 100 ... probably

what do you think, nortisoP ???

[shanklin] 24/4/2018 08:15

sweenoid

How exactly does this affect IQE please? I thought one of the biggest concerns was that it may struggle to ramp up production sufficiently quickly given the demand for their products.

TIA. Cheers, Martin

[suffersnofools] 24/4/2018 08:14

Bocase - it's all about the forward guidance. The cyclical nature of chip stocks.Just the usual ridiculous short term reaction. Just add on weakness for H2.'AMS added that changes in upcoming products, which prevented the pre-production of parts, mean that it also expects reduced utilization of factory capacity, which will hit profit margins.The company, which also makes sensors used in cars and industrial gear, said the problem would be temporary and that preparations for ramping up production in the second half of the year remain on track.'

[sweenoid] 24/4/2018 08:12

The perils of quarterly reporting, ;-)most will seemingly ignore the explosion that everyone is predicting in H2
I can’t find a link to the AMS CC audio, CC is at 9am and should be informative, I guess we will make do with a recording? my ‘trade’yesterday was not the best timed ;-) I shall stick to ‘investingR17;
S

[billytkid2] 24/4/2018 08:06

Adjusted operating margin for q2 expected to be negative due to Singapore - ams

[bocase] 24/4/2018 07:59

AMS called down heavy this morning (15-20%). Given it seems to have spooked the whole sector I can’t see how IQE won’t be hit this morning.

So what was wrong with AMS results?

revenues for 1/4 up 147% and EBIT adjusted up a staggering 601%

[richardc77] 24/4/2018 07:55

Well if that is the case, I shall be topping up, seems too good an opportunity to me if you have a 1-2yr horizon.

[billytkid2] 24/4/2018 07:52

AMS called down heavy this morning (15-20%). Given it seems to have spooked the whole sector I can’t see how IQE won’t be hit this morning.

[mad foetus] 24/4/2018 07:47

And presumably tinkering with design may mean using a lot of wafers as there will by definition be a lot of wastage

[sweenoid] 24/4/2018 07:43

Nothing stands still, apparently the next Apple A11 processor is going to be 7nanometres-amazing but that shrinkage in size of the processor won’t stop there.

However, IQE have been at pains to point out the the size of a VCSEL is apparently finite, that’s why being able to produce efficiently 6inch wafers is so important,( you get more per wafer) therefore in answer to MF, I am guessing the only change in VCSEL wafers would be in their size not content.

As per my previous post and Maxwell’s comment, it seems obvious that 3D modules, VCSEL arrays and dot projectors are all in their infancy and WILL improve and appear in different firms/ power/ efficiency and itineration

I believe this is VERY GOOD for IQE , but I would say that ;-)

Whilst OEM’s are tinkering with DESIGN, I would imagine they would be reluctant to change their core substrate and wafer supplier?
S

[mad foetus] 23/4/2018 23:00

I don't have the technical knowledgeto answer this, but if the chips change does it mean the wafers do as well? But I was left wondering if there are big 3D sensing applications that maybe have been overlooked but which are about to happen

[lpavlou] 23/4/2018 22:26

It's already been well documented that Q2 was going to be slow by a number of companies. The ramp up is Q3 and Q4. Lunentum shares are down today and I expect IQE to follow in the morning. It might be a temporary blip as the competition are struggling to produce 6inch VCSELs, so I expect most of the growth for this year to come in H2.

[maxwellsdemon] 23/4/2018 22:07

mf,

I think that the Apple Dot Projector has been substantially re-engineered. (I could be wrong?) But, I have always thought that the dot projector was "work in progress"

[coolhandfluke] 23/4/2018 20:16

Margins appear to be under pressure which presumably will be passed back down the line.

[mad foetus] 23/4/2018 17:30

the whole results are worth reading, they flag up that they will be underutilizing capacity in Q2 due to product changes in a major consumer programme preventing pre-production of parts but are then expecting to go bananas in H2. i get the feeling that the smartphone market is not growing as expected but that other area are. perhaps commentary will make it clearer.

[sweenoid] 23/4/2018 17:08

AMS


RESULTS for 1st quarter look STUNNING , the comparator with Q1 2017 is blown out of the water

I am no accountant but revenues for 1/4 up 147% and EBIT adjusted up a staggering 601%

The 1st quarter of the year will of course be the laggard ;-)

Enjoy




This is brilliant news for IQE
S

Commentary in CC TOMORROW likely very bullish ,

EDIT- having read the full commentary , it is obvious that sales of iPhone X are not brilliant, so the 2nd quarter will not be great, but then the 2nd half significant ramp for the new itineration of iPhones is coming in, it also sounds like there will be a change? To the 3D sensing module itself or even different versions for each flavour of iPhones? , the optimism for the year is still very positive but HAS TO BE ameliorated by the soft sales of X

Here is the full statement which was not up when I posted my original comments