Iqe Share Discussion Threads

[bocase] 07/6/2018 16:14

adejuk:

It is not just shorters who want to move the price down. The 'smart money' tends to come into play towards the end of a trading day. Institutions who are trying to accumulate can also move the price down by adjusting their trading volumes and pick up shares on the cheap without moving the price up as much as they have moved it down. Talk to someone who has been on the trading floor if you can.

Therefore, these price falls late in the day may actually not be a bad thing. It could be more shares moving to safe hands and reducing the free float. The price will rise in good time when the institutions are holding the shares tightly.

[adejuk] 07/6/2018 16:03

btw snf
do you want a willy waving contest?
you will lose hands down
pm me and that will shut you up

[adejuk] 07/6/2018 15:36

shorts increased
from the dim one

[suffersnofools] 07/6/2018 15:33

Wasting your breath Mf - adejuk is just a bit dim. I've added him to my filter list - life is too short to listen to constant whining and drivel. If the markets tank we'll be sub 85p and a superb buying op with a 2/3 year time horizon. No need for legions of fantasy pro shorters :)

[mad foetus] 07/6/2018 15:33

Well, the trend looks fairly flat at the moment. 100 and 130 both tough to crack. Not much more to say.

[adejuk] 07/6/2018 15:23

not my point mf
the pro shorters are controlling the share price and will do so until there is more transparency. 2 rns a year simply is not enough. we are an open goal.
i have £200k invested here so am not interested in de-ramping
i like to think i am a realist

[mad foetus] 07/6/2018 15:19

FFS! Anyone can go short or long. The idea of retail being long only and professional being short is absurd. Lots of institutions are long, lots of retail short.

[adejuk] 07/6/2018 15:04

or the gap at 80p?

[belt n braces] 07/6/2018 15:00

Seems to me that AGM was good for the shorters:

(1) Boasting and 'dissing' the opposition - never a good idea to do this on a public forum.

(2) Mainly retail investors on a day to day basis trading the share. So retail gamblers pushing the price up, only for the professional shorter organisations to take it back down again?

Added to my latest short position again this morning.

[adejuk] 07/6/2018 14:44

target 100p?
they won't give up

[dr_smith] 07/6/2018 13:13

mf: Thank-you...yes, evident it was your day job..nice to have thoughts from the horses mouth..said in a nice way. :-)
P.S. Not a Dr (Doctor) ..said so as not to mislead regarding my own past. :-)
Dave R (Middle name Russell)

[mad foetus] 07/6/2018 12:50

I can see how that might be the case Dr, as some nominees can accept scrip dividends but others offer a dividend reinvestment option. With one, the registrar issues new shares direct to the nominee account designation without the brokers intervention. With the other, the broker receives all the dividends, apportions them to the holders and then buys shares for those holders that want them. So perhaps AJ Bell use the latter approach and have all the holdings in a single pool without nominally designating them. BUT! The irony is that they will in turn have all their holdings held through a global nominee who will designate within the pool between the brokers who are within it.This used to be my day job!

[dr_smith] 07/6/2018 12:43

mf: Thank-you.
"Even within the nominee account each holder will have their own designation".
I put that to the broker at the time, but he said not - and I assume dividends are rec'd by broker as one lump sum, to be distributed by broker into respective client a/c's.
Good point re anti-money laundering -hadn't thought of that - but then I am a good boy ;-)

[sweenoid] 07/6/2018 12:42

Re the recent planning applications for the new site, as outlined in this article



If you have time to waste you might read pages 48-62- a summary of the meeting yesterday- essentially granted with minor conditions, as predicted in the 1st article

Gee- when you read theses planning applications it’s amazingly complicated

Prepare to be bored ;-)


I am sure IQE and their contractor will be pushing ahead quickly and getting this sorted.
My question is - WHO are the other big company that will be in effect sharing the site in years to come - Microsemi? SPTS ? Newport Wafer Fab? are the obvious candidates as they are part of the catapult, and are based in and around Newport. However, ALL have mature, long-standing and large manufacturing sites.....interesting, any considered thoughts out there?

S

[mad foetus] 07/6/2018 12:25

Institutions have their own accounts, they don't use nominees. Even within the nominee account each holder will have their own designation, so that if, for example, there is a scrip dividend option, the scrip finds its way to the right holder. Those designations are themselves be made known to the registrar of the company as can the identity of the ultimate holder if requested (the registrar having anti money laundering obligations which require it to be able to identify its shareholders).

[dr_smith] 07/6/2018 12:20

Thank-you Sweenoid - I guess that is what I suspected.
It grates on me a bit that they prefer inbstitutional sector to PI..who could well be the silent majority.

I asked my broker AJ Bell 2 questions recently:
1) If 100 clients buy shares in a company, do they register as 100 nominees (as in Broker ABC re client 123) or 1, all lumped in same nominee a/c.
Answer 1

2) As register as 1 nominee, are they therefore obliged to register rns notice when a trigger point is reached (say 2% holding).
They promised to get back to me on this, but haven't so far.

If brokers register for clients as nominee in aggregate, I don't know how IQE registrar can be aware of mix of PI's and institutions, other than by rule of thumb.

[mad foetus] 07/6/2018 12:17

There's a sizeable trade. Biggest for a while

[cojones] 07/6/2018 12:04

Due to market opening an hour late today, statistics for today will be void due to lack of volume... but a great opportunity nonetheless to grab a bargain imo. Good luck all ;)

[sweenoid] 07/6/2018 11:36

No comment re VRS, or graphene, if I did I would make it on that board NOT this- because it’s IRRELEVANT here,give it a rest Shavian.

DR-Smith
IQE are surely selling ‘themselves217;, the offer is done and dusted any newinvestors would surely be expected to buy at market price, as existing holders are ( including the institutional buyers at 140p, who I was informed are doing.

Missing slides

Those not present at the AGM should know that the AGM presentation on IQE’s web-site, is missing a few slides that were shown at the AGM. This will be down to that pesky NDA again, even the ‘agencies̵7; don’t want their ‘research̵7; published ( I guess that’s fair enough as they charge a fortune for it- even it its a work of fiction ;-))
The missing slides showed the predicted market share in a few years time of IQE and its competition in the form of a pie chart, they were used to ‘diss’- my word, the competition.
Some investors are unhappy that our CEO was bullish, I don’t share that negativism. He took each section of the chart, each competitor, and explained why he felt IQE had an over-riding advantage. The key ‘message’; was , we are eating their lunch in basic epitaxy for wireless products, despite their aggressive pricing, how could they be expected to start stealing our VCSEL market, when its far more complex, difficult and the barriers to entry are so much higher- you either believe Drew Nelson or you don’t , but he was using EVIDENCE based on the current market situation rather than hypothesis.
Drew Nelson, poured particular scorn on 1 ‘predictive217; circa 10% section of the chart , reserved for ‘new entrants to market’ , I will paraphrase and NOT quote his comment, it was along the lines of - this is rubbish, ( I say rubbish , I believe he said- how on earth could this be true)how can a new company come along and compete in highly complex markets, with no track record, no infrastructure...and no customers , perhaps he was intimating that 10% was going to be ours ;-)

That’s me for the day
S

[rivaldo] 07/6/2018 11:33

IQE pre-placing had 687m shares in issue. The 140p placing issued another 68m, so only another 10%.

IQE has good liquidity, so the most likely explanation is simply to market to the wider global investment community. And this will also help assuming IQE have additional overseas listing ambitions to prepare for over the medium/long-term.

[dr_smith] 07/6/2018 10:10

Sweenoid:
What do you think they are "selling"?
1) Invitation to buy in now off the market, from existing shareholders..which would potentially mean buying from existing institutional shareholders who bought in at £1.40.
2) Future rights issue to fund further expansion (assuming cash flow insufficient).
3) Not sure if they can just create a few million new shares and sell that for market value, as they have just done for LTIP..as that is not quite the same and likely pre-agreed by shareholders. Maybe they already have some small print agreed by shareholders to fund expansion in this way.
4) Other

[knackers] 07/6/2018 09:36

Feathers all over the LSE tech dept floor this AM. I blame it on the Fantastic Mr Fox.

[cojones] 07/6/2018 09:32

ADVFN trades section has gone crackers.The offer and bid are stuck showing all trades as sells...lol