Iqe Share Discussion Threads

[jimboyce] 24/7/2018 13:53

I often wonder what T Rowe Price's take is on all this as a major shareholder. They are definitely long termers and lend out their own shares to all and sundry, so they know their investment is and can be played with. At some stage they will want to see this share progress. They seem not to care (or are smart enough to sit back) with the intra day, month quarter, gyrations. Perhaps we should think like them also. They have belief in the knowledge that this will come good and the share will be massively in demand in the not too distant future.

[rathean] 24/7/2018 13:44

Agreed mad, I'm still watching this looking for a good value entry point but I'm very confident that the 12-18 month share price will be markedly higher than its current level.I do think in the short term it's susceptible to this sustained short attack... it's difficult to resist the manipulators without institutional buying support.So hopefully I'll get my circa 80p entry point, but lth need not worry about future capital return all imho ofc.

[mad foetus] 24/7/2018 13:38

There was certainly a great trading opportunity this morning, which I sacrificed for a trip down to the beach with the hound. All this talk of shorters is dull. The truth is that IQE will at some point rerate. We can see the momentum building within the business, though the lack of growth in H1, due in part to currency headwinds, means that those claiming there is no growth still have some evidence to support them. But expectations are for H2 to be very busy and 2019 to be stellar. You never know what the catalyst will be for moving from stage 1 to stage 2, but you can be confident it will come. Perhaps it will be the results in August. Or the next stage of Apple product launches. Or the appointment of an FD. Or results next spring. Or nothing apparent at all. But one day the share price will suddenly reflect the progress made at company level, rise sharply, rise through 130 and 140, then attract those looking for a Minervini type stock, and the next thing, £2 will be history.

[belt n braces] 24/7/2018 13:23

Viagera also required for the flattened erections?

[belt n braces] 24/7/2018 13:20

A psychiatrist also required to comfort the dudes that thought the shorters were beaten?

[belt n braces] 24/7/2018 13:19

I wonder if the good doctor will appear this afternoon to nurse all the dudes that got impaled on the spike this morning?

[gnnmartin] 24/7/2018 12:20

Is there any data source that gives the revenues of IQE by site? Page 127 of the last annual report lists 10 IQE subsidiaries involved in manufacturing wafers, of which only 4 are based in the UK (at Cardiff). Commentary here has focussed on the growth in manufacturing capacity at Cardiff. I wonder whether this underestimates the growth we can expect, and by how much.

IQE's predictions will of course take all sites into account.

[paradores] 24/7/2018 12:12

An undervalued and hugely de-risked investment now IMHO. For the life of me I don't understand why you would remain short on this stock - and so aggressively.
Plain bonkers or 'dark arts', take your pick.

Something has to give in the next few months, that is a fact.

[bulltradept] 24/7/2018 12:11

Looks like Mr Market was expecting more now than in the longer term..

[american idiot] 24/7/2018 12:07

I am back in at 105p.

Decided that with sector sentiment positive and high growth very evident in H2 + Indices seem to be perking up a little then what the hell its worth a go :-)

Sentiment seems to turn on a dime here and did hit 114p this morning !

GLA !

[twatcher] 24/7/2018 12:02

hmmm, anyone that woke up recently after an 8 month sleep got a bit of a shock :)

[richardc77] 24/7/2018 11:49

It only matters where we end up...I am always astonished by how many people constantly monitor the share price (literally hourly or more).

If we end up back at £1, so be it, it should have zero effect on you unless you need the money in 2018, if not go to sleep for 6 months then come back and check ;)

[aphrodites] 24/7/2018 11:39

The only reason the "shorters" might consider closing their positions now is if they are in tune with the recent games the large holders of stock have been up to.

As I pointed out yesterday, I believe that several of the big institutional holders have been very successful in manipulating the share price down to around 100p as it has suited them and provided them with the opportunity to pick up any lose stock and add to their positions.

So, does today’s Trading Update change things? I fear not!

If the big institutional manipulators want to add to their positions they will have this share price back down to 100p without any effort whatsoever. Unless, or course we see some knew large institutional buying. And we ain’t seen much of that recently, so why should things change?

But if these big manipulating institutional holders do see any hint of the shorters buying back that might change their game plan. They really do have the muscle power to squeeze the shorters to death

Remember, these markets still have a habit of whispering who is doing what!

[davemac3] 24/7/2018 11:16

why didn't you say that at 8am this morning?

[bulltradept] 24/7/2018 11:13

Will touch a £1.00 again me thinks..

[jch18] 24/7/2018 10:52

At constant currency revenues would be just under £80m - an increase of 12%. However in previous years they have said that this is offset by costs. So that means that costs have increased equally. The shorters take a view based on several different assumptions from poor cash generation (which is expected with money being ploughed back into manufacturing), to other technologies being used and head on competition, leading to reduced margins. The other issue is does earnings growth justify the share price. This is balanced at the moment and can see further weakness. I held, but because of the short positions and noise, sold. I have been here before.

[podgyted] 24/7/2018 10:46

The analysts won't, I suspect, upgrade their forecasts until the interim accounts are produced.

Based on its 40:60 guidance 73m equates to 182m for the full year, or 109m in H2. Simple extrapolation gives 218m in 2019 without any further good news incorporated - which is the current consensus - so I think things are to the upside here.

[suffersnofools] 24/7/2018 10:40

The only determinant of whether the shorts will close is IQE's bottom line.Rather than the evil, malign presence that they are oft portrayed by some 'less savvy' members of the investment community, shorters are some of the most sophisticated investors, and given the risks and costs of running short positions they are definitely going to take notice of the TU numbers and forward guidance. Don't expect a buzzer to sound that tells you when they begin unwinding. I should also be clear that I am referring to the major insti shorts, not the odious scam news outfits like muddy waters.

[paradores] 24/7/2018 10:30

important that we recognise we're on the cusp of the next wave of mobile devices and no one should under-estimate how competitive this market is. Android know they need to move quickly. Facial ID (3D) is going to be very BIG indeed. Well flagged for some time.

Shorts in denial..? More fool them.

[garyjonesltd] 24/7/2018 09:31

adejuk, why not after H1 results next month?

[adejuk] 24/7/2018 09:27

Xcellent but the shorters wont let go till h2 uupdate

[paradores] 24/7/2018 09:12

Not much to dislike here ;o) IQE are executing and delivering and is a company that has well and truly 'arrived'. Slap-bang in it's growth phase with terrific operational leverage, rapidly expanding sales pipeline - providing the current and next generation of high spec fabrics that will drive future tech infrastructure. Many parallels with ARM Holdings IMHO.

Expect further announcements through 2H and possible upgrades. Expectations are being carefully managed and rightly so.

Shorters now have a BIG problem - unless PIs hand them their get out of jail free cards as we re-rate that is!

Too cheap: Re-rate next 2-3 weeks

[poombear] 24/7/2018 09:12

The 40% increase in Taiwan capacity for wireless, will allow for increased production of higher margin Photonics wafers in the UK, while perhaps lowering the cost of production (increase margin) of wireless wafers in Taiwan.