Iqe Share Discussion Threads

[cheek212] 06/6/2018 16:51

I suspect they did that to stop the price running away whilst they reduce their position. Increased on the 4th.

[sweenoid] 06/6/2018 16:18

That’s better PR ;-)

I copy and pasted it so EVERYONE can see, well done Chris/ Godfrey

divider
Thank you for attending the IQE AGM on Monday 4th June 2018. The presentation and video shown at the meeting is available to view online at

As mentioned at the AGM, we are delighted to offer you a tour of IQE's new facility in Newport.

IQE Newport is still under construction and in order to participate in the tour you will be required to ascend and descend stairs on secure scaffolding. There is also a necessity to wear health & safety equipment including boots, hat and a high visibility vest, these items will be provided.

The tour will commence at IQE Newport, car parking is available, and last approximately 1 hour.

Depending on demand, tours will be made available on the dates below.

Please note: Tours will be confirmed once at capacity.Thursday 28 June 10:30-11:30

Thursday 28 June 14:00-15:00
Monday 2nd July 10:30-11:30
Monday 2nd July 14:00-15:00
Tuesday 3rd July 10:30-11:30
Tuesday 3rd July 14:00-15:00
Friday 6th July 10:30-11:30
Friday 6th July 14:00-15:00
Wednesday 18th July 10:30-11:30
Wednesday 18th July 14:00-15:00
Friday 20th July 10:30-11:30
Friday 20th July 14:00-15:00
Capacity for tours is limited to groups of five visitors per session.

Please register for all/any dates and times that you are able to attend by Monday 18th June 2018; we will notify you of your confirmed tour.

The event password is: IQEAGM

We look forward to the opportunity to show you around IQE Newport!

Best regards,IQE

S

[paradores] 06/6/2018 16:06

Cojones and Knackers. LOL! you guys should get together ;o)

Have to agree with the general mood music here - I sense 'polarity' has changed and the boot may now be on the other foot. Cojones, re that cheaper 'in' price, we'll have to see...

"Watch and shoot"

[cojones] 06/6/2018 14:56

For those that might want to buy cheaper... there may still be a chance tommorow with a sharp bounce on the short MA @around 113p. May not happen but have kept some back just incase ;)

[fardistanthills] 06/6/2018 14:50

suffersnofools Jun '18 - 12:58 - 17673 of 17675

Could not agree more. The anguish over what management should and should not be doing, and totally unrealistic expectations people have here over what IQE's disclosure regime should be, their apparent failure to keep investors informed, is astonishing. The less they say the better on the technical front as far as I am concerned.

[cojones] 06/6/2018 14:39

Knackers, i personally wouldnt see the share price blow just from it's current wedge formation as you say. If it were a falling wedge then i would say 'yes'.
What i see is a turnaround formation in play like a large wavy cup ;)
1st stop being 120p and then 135/140p before its next downturn.
AIMHO & good luck all

[toffeeman] 06/6/2018 14:12

Thanks Dave - that was the figure I had - of course it doesn't include verticals and start-ups which could grow very quickly with the right backing.

AND

Thanks for the AGM write-up

[knackers] 06/6/2018 13:11

For the chartists out there, it's rare you see a wedge pattern quite a perfect as that. This could blow!

Keep watching...the trigger is closer than you think £1.18-£1.20

The old 'K' is out of retirement! Stand-by!

[solderflux] 06/6/2018 12:17

Agreed, but if there is will, there are overall KPIs you can report on without breaching the NDAs, eg output, pipeline, order book etc. One should not just accept the status quo because in the meantime shorters will use every trick in the book to discredit the company for their crooked aims. It is not just for the benefit of the shareholders but also to promote the good work being done.

[paradores] 06/6/2018 12:11

Agree Sail - and a good deal less for the shorts to now 'play on'.

Perhaps that barmaid moonlights in a Star Wars tavern :o) looks like we have a triple super bazooka formation.

[sailastra] 06/6/2018 11:51

We now know the lack of pr ...and therefore news flow from the company is not down to the incompetence of the BOD as has been suggested by some. Instead it has been repeated that it is down NDA's something we already suspected. Let's hope this calls a halt to the bleating we get from time to time. The situation is not ideal but it is one that we will have to live with and factor into our attitude to risk.

[fredfishcake] 06/6/2018 11:40

I wouldn't get too excited about solar just yet - although the IQE was 3x more efficient than silicon due to absorbing a wider range of wavelengths, due to cheap silicon/Chinese dumping the IQE offering was way more than 3x as expensive (this wasn't quantified but I got the impression it wasn't even close). That's why it's only practical at the moment for things where weight is vital - ie satellites and drones.

My overall impression was that there were more opportunities for IQE than you can poke a stick at and the board were like kids in a candy store, with deciding where to focus being a potential issue. I have hopes that this will be a very good and growing business, but that doesn't necessarily equate to huge returns for shareholders (though the potential is there). I was a little surprised by the comprehensive dismissal of competition, as it's not like epitaxy is only researched in South Wales, though I appreciate that IQE have been in the business for decades.

The impression was given that any chip development was a long and collaborative process, so IQE would have time to order more machines when scaling up is necessary. Without knowing how expensive they are and what the lead time is, I can't really comment on whether they're making a mistake in not ordering more machines now, especially as the team customizing them is apparently small. On this point, I'd suggest we just have to trust the board.

In future I'd like to see the tour organised differently - effectively you could either hang about after the AGM and talk to the board, or you could do the tour and only talk to one (admittedly very knowledgable and helpful) guy acting as the tour guide. If I had my time again I'd skip the tour - the outside of one large building looks much like any other!

[cojones] 06/6/2018 11:31

Nice time to grab a few before we see 120p ;)

[davebowler] 06/6/2018 10:17

At the AGM and on the coach there was some talk about the bargain IP they acquired in this sector (which sounded exciting but was too techy for me!) -

[a0469514] 06/6/2018 10:11

Thinking back to the AGM, it was impossible to absorb it all. It was one wow after another! So thanks too from me to DS for his report. Infra red and solar both got some coverage but it is hazy in the memory. There was solid progress on space solar and Drew even suggested that we may see low level satellite coverage which effectively would be using unmanned aircraft, entirely solar powered.Even on mainstream electricity generation, Drew felt that IQE's increased efficiency solutions were getting very close to being commercial. There are solar farms springing up worldwide. Even where I live in North Wales they are increasingly appearing, but use up valuable land. Surprisingly for some, my bit of Wales has a very high sunshine record! I wonder if our planners know that if they insisted on only allowing high efficiency solutions, the land take could be reduced by two thirds. Time to lobby some Councillors I think.Xylos

[fuji99] 06/6/2018 09:34

Paradores - Yes the market mood is the main driver of the share price Now that all is clarified by the management including the growth story, the share price should adjust accordingly.

[paradores] 06/6/2018 09:23

Agree Fuji

The AGM and positive reports shared on this BB and elsewhere will have calmed many and quite right too. IQE are getting on with it and confidence is growing with multiple new opportunities now in play. The foundry project was a risk and clearly remains a complex and crucially important 'deliverable' - progress with that has been especially pleasing and speaks vols.

A more settled and positive mood is permeating and that will reflect in the share price in the coming days and weeks IMHO.

[fuji99] 06/6/2018 08:39

Good recovery chart. Should push towards 120p today.

[adejuk] 06/6/2018 08:21

there won't be detailed £ but expectations of headline figure and forward activity.

[sweenoid] 06/6/2018 08:13

It’s been 20th July for the last 3 years- we will get NO numbers with the IMS/trading statement, they come with results

A simple search enquiringly about the number of VCSEL chip suppliers, came up with the figure as 17, it certainly contained all the names I knew about, but I have doubts on its accuracy. However, VCSELS chips are a fairly recent innovation so 17 is certainly a ‘ball park figure’

As I said in my report IQE are certainly supplying The ‘biggies’; Luminar, Himax and Finisar ALREADY so that means we appear to be supplying 13 out of 17 VCSEL chip companies following the AGM announcement 76% and likely to raise from that imho.

Why- you might ask? Well as described eloquently by Drew Nelson OUTSOURCING is the way to go, and this also ‘feeds’ into the NDA questions.

A simplistic explanation for those who have difficulty with the concept of ‘verticality’ - many companies in the past decided it best to do the whole process themselves- wafer epitaxy, moduledesign and manufacture, it sounds sensible doesn’t it? Because you control everything, HOWEVER, you become a ‘jack of all trades’ and inherently a master of none. Volume production from big customers demands very high quality and yield- vertical companies struggle with capacity and the complexity of the design chain. Increasingly, companies concentrate on their CORE competency- chip manufacture and OUTSOURCE the wafers.

There is a large amount of hubris involved here, companies, especially when historically vertical in nature simply hate admitting they have to outsource, even if it’s for the totality of their supply, they prefer to let the market believe they do the lot- just listen to their conference calls, in essence IQE will never be mentioned and they won’t let IQE name them!

I think the days of vertical companies are done and dusted, especially now that large OEM’s are bypassing the supply chain and dealing with the IP and component manufacturers directly.

That’s my contribution for the day
S

[adejuk] 06/6/2018 08:12

hopefully the h1 numbers will provide the needed boost
july 20th last year

[fuji99] 06/6/2018 06:45

Tech Stocks lift Nasdaq.