Iqe Share Discussion Threads

[lpavlou] 14/9/2018 21:41

I agree with Diplomat, the CFO will be announced prior to the Capital Markets Day. I wouldn't rule out an internal appointment as someone must have been fulfilling that function over the past few months.

[belt n braces] 14/9/2018 20:44

"IQE supported by Apple facial recognition, Canaccord sees more to come
Thu 13 September 2018 13:47"


Am I not right in thinking that Canaccord are IQE's nomad/broker? If so they would write that report, would they not? Never heard of a house broker being negative on a company's stock. If they were they would no longer be broker. However, the shorter brigade will have done proper research.

[tomduck] 14/9/2018 19:00

Diplomat, yes posted yesterday here too 👍

[diplomat65] 14/9/2018 18:44

Sorry if already posted but just came across this Cannacord item dated yesterday on Hargreaves Lansdowne "IQE supported by Apple facial recognition, Canaccord sees more to comeThu 13 September 2018 13:47No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.(Sharecast News) - After Apple launched its new iPhone XS and XR range, there were positive implications for UK-listed semiconductor wafer maker IQE.All three of the latest iPhones have ditched the fingerprint sensor and will use facial recognition for security instead, which analysts at N+1Singer noted would mean IQE's Vertical Cavity Surface Emitting Lasers (VCSELs) are in all iPhones now, having been just in the top-of-the-range X model previously.However, Singer's noted that this was expected and makes up the basis for the much talked about ramp up in second-half volumes for IQE.Analysts at Canaccord maintained its forecast the iPhone contract implies IQE can do twice the revenues it did in the second half last year with its largest VCSEL customer.Canaccord's Paul Morland pointed out that IQE's share price has for some time now been almost exclusively focused on Apple and its supply chain, and the shares have fallen despite "perfectly respectable" interim results.Part of this is that other Apple supply chain stocks have generally been weak, with the market read-across hitting IQE."We believe this ignores the fact that today, in VCSELs at least, IQE has no peers. This will of course change, but our view is that it won't be this year and it may not be next year," Morland wrote. He said rival Finisar is "being overly optimistic" about its ability to produce 6-inch wafers and may even need to outsource them."I believe the market's obsession with the Apple supply chain is misplaced as far as IQE is concerned and at some point the stock's compelling fundamentals will re-assert themselves," the analyst said."IQE is now qualified with 24 VCSEL chip companies and we estimate that only three or four of these are, or will become, Apple suppliers. This leaves around 20 suppliers for the Android ecosystem and many other, potentially much larger, non-smartphone markets."With IQE having only addressed Apple, which has around 15% of the global smartphone market, next year the AIM-listed company "can start to address the other 85%".With IQE shares now on a P/E for 2019 below 20x, he reiterated his 'buy' recommendation and 190p target price.

[cotswoldsparky] 14/9/2018 18:39

These weren't my comments but a quote from sweenoid's post on AGM discussions.

If you are a newcomer to IQE you might find it worthwhile reading comments from other AGM attendees on this BB which start here.



I'd also recommend watching the piworld presentation given by PR in 2016. Gives a fantastic overview of what IQE does in simple terms and also shows what a massive loss PR was. He won't be easy to replace and the company need to make sure they get the right person in.



CS

[neil100] 14/9/2018 18:14

AI is happening!

[mr.elbee] 14/9/2018 18:02

AI will never happen..anyone with a brain[that rules out most scientists] can see that.

[dr_smith] 14/9/2018 17:32

Maybe I am the new CFO!
But I've signed a NDA and gotta keep shtum.
Well if Trump and Musk can discard convention and take to modern media for random comments, why can't I? ;-)

Funny old week. So eratic with b*gger all fundamental change.

I was chatting recently about automomous cars. Just watched Horizon program on AI and covered how machines teach themselves, from game playing to cat/dog/object recognition. Worth a watch on catch up.

I recall some years ago a computer was being taught to recognise friendly and enemy tanks and when first deployed, wrongly identified a friendly tank!

It seems all the sample data had friendly tanks pictured on sunny days and foe on dull days, so...yep.. you guessed it.

Dave

[lord loads of lolly] 14/9/2018 17:07

mad foetus - OK thanks for clarifying, though it appeared you were calling it - or at least dipping a toe in the water - when you announced earlier today that you were buying back in. Anyhow, I agree, it would be nice to break back up through the 90p level. But as I've said already, the day to day price fluctuations on IQE are, to my mind, fairly irrelevant. What really matters is that the company continues to deliver on its longer term forecasts. Assuming they do - and IQE nearly always has done in the past - the share price in 1-2 years' time will look after itself.

[belt n braces] 14/9/2018 17:05

richardc77

I have been making money for some time here as well, chump. You need to figure out the reason these guys are short.

[richardc77] 14/9/2018 16:57

Shortracker has been at 11% for some time chump.

[mad foetus] 14/9/2018 16:56

Yes, but i tend to be an early mover. I'd like to see this break 90p decisively before calling it.

[belt n braces] 14/9/2018 16:55

short tracker 11% - these guys have called it correct of late

[lord loads of lolly] 14/9/2018 16:42

mad foetus - I thought you'd already decided this! Just to remind you, here's your post from 8.20am today: "I have been buying back in since yesterday afternoon. Once this breaks 90 could run up nicely."

[garyjonesltd] 14/9/2018 16:40

89.70p UT, it is a start!

[mad foetus] 14/9/2018 16:37

No shortage of buys run through after the bell. We are seeing stronger finishes, and it is another blue day. Too early to get back in the water, but maybe dip a toe in?

[lord loads of lolly] 14/9/2018 15:09

ropey - IQE is rising currently, now the US markets are open. Seems to be the pattern this week, rising mid-late pm. But it's all a bit irrelevant really, unless you're a day trader. Long term holders should just screen out the day to day noise and look forward to these shares reflecting higher sales & profits in 1-2 years' time.

[ropey] 14/9/2018 14:33

Chip stocks across the pond rise but IQE falls !!Where's the bottom ?

[beermat1] 14/9/2018 12:50

Many tks CS, so one to follow for now then. Any ideas as to why the entirely different response ? Not that I’m complaining ! Tks again.

[tomduck] 14/9/2018 12:47

Thanks CS, I’m new to message boards (but invested in IQE for some time), very useful to have your feedback on the potential FTSE250 listing.

[cotswoldsparky] 14/9/2018 12:09

beermat,



"...this is my interpretation - IQE were actively thinking about a FTSE move this year if Philip Rasmussen had not tragically died.The CFO being THE central figure in such a move, would therefore mean that any such plans would have to be shelved until Phil’s replacement is appointed and settled in.

Since I have asked this question in EVERY AGM for 5 years, I paid particular attention to the response as it was entirely different to years gone past.
I now take it as a racing certainty that IQE will be leaving AIM, that’s MY interpretation, when I can’t say and neither can IQE until the new CFO is in place. Any such decision would surely be pivotal to his/ her appointment negotiations, a CFO post in a likely potential FTSE 250Company would surely be more attractive for ambitious prospective applicants than a similar position in an AIM stock? although I believe IQE’s potential is such, that we will get the right person regardless"

CS

[beermat1] 14/9/2018 10:44

I’m sure it was posted here post AGM that an attendee had been informed by management that a move had been pencilled in but was put on hold due to PRs loss. T Rowe are obviously playing the long game, why not the Board too I guess then. Hey ho..

[jimboyce] 14/9/2018 10:36

I can't see a move to the main market yet, because the Aim rules are very attractive from a personal tax perspective, especially to the existing management.

[beermat1] 14/9/2018 10:29

It would be helpful to see the announcement of a move to the main market as well. The lack of institutional buying interest plays right into the hands of the shorting community. The December prelims still a while away..the Canaccord release was hopefully the start of a sustained change in the tone. And thanks Grity for your find, nice to see such a rebuttal.

[diplomat65] 14/9/2018 10:13

The Capital Markets Day on 21st September should also provide the ideal opportunity to announce the appointment of IQE's new CFO . . .