Iqe Share Discussion Threads

[dr_smith] 16/9/2018 17:44

rac. I wasn't sure what/where roadshow was, but have not seen owt 'ere and googled for news on it without success yesterday. Probably NDA don't ya know zzzzzzzzz..
P.S. Unless it was detailed by a filtered poster, so I don't get faaasands! ;-)

[regasclockwork] 16/9/2018 16:45

Hi bocase [good bloke],a question for you before we get back to 100 posts or more per day on Monday.

To save me ploughing back through the possible 1,000 posts that we've had on here since 4-09-2018, I wonder if you can help me out on the following?

During the period 4 to 7-09, we had the Credit Suisse Conference and the Deutsche Bank Tech Conference. IQE were 'strutting their stuff' at both of them I believe?

Can you remember if we have had any feedback? Many thanks in advance for a reply.

Meanwhile, thanks to a surge on Thurs. & Fri. of 5.55p 'we' managed to finish the week 'just' 7p down.

This resurgence in 'our little gem', could well have been due to the positive reports from Canaccord and the FT. May the good news continue to pour in. GLA!

PS I hear that over in Zimbabwe, it was 'leg of crunk', off the bone, for Sunday lunch today.

[poombear] 16/9/2018 13:43

Excellent article on the CS catapult.

[squire007] 16/9/2018 10:18

SKY TV --E-mails flying out to their customers offer entry into new I phone X and Xs quoting new facial recognition in the deal .... going to get one ...:-)

[dr_smith] 15/9/2018 15:49

boboty:
> They are audited and so I trust them

Thumbs up beats a thumbs down from Auditors, but their rubber stamping (for any company) doesn't really say much, to the extent gov presently have them under scrutiny and have questioned the cosiness of the big 4, with Carillion collapse being the biggest red flag of late.

More here:

[boboty] 15/9/2018 14:01

Iqe history - good article - on the accounts Iqe has been growing through acquisition and research - the business is not simple and therefore the accounts won’t be either. They are audited and so I trust them and don’t bother with the self interested innuendo from those with a short interest and attention span. Read this article and see that this is a journey over decades which is at the moment coming good. hxxps://compoundsemiconductor.net/article/105302/IQE_30_Years_Of_Growth/feature

[dr_smith] 15/9/2018 13:39

LLOL. Thank-you, yes, fully agree with all you say.
On clarity, or lack of, it seems endemic, no matter what size co is how agressively expanding, organically or otherwise, as PI's we seek more detail, but BOD may rightly have concerns about letting competiton now too much.
IMO Exceptionals aren't exceptional, though that is likely because accounting definition differs to everyday us of the word.
Outcome for us means hard to read progress.

Personally I am not too bothered about past, there are always different ways to illustrate accounts and don't on their own indicate a co's health.

I assume we are all focused on future. Lots of work on tap with limited resources, so IMO experienced CFO is crucial to this inflection point, to gear it to the max and mitigate risks.

CFO implies someone hot on accounts, but I believe the right CFO will bring to the table the best ways to monetise the work done, make sure lengthy machine commissioning period has fair return e.g. 1 yr to commission for 6 months sales would be bad and would be better used as steady eddy for another (existing) customer with sales sales sales throughout those 12 months, maybe less margin piecemeal, but more profit for the duration.
CFO will also need to understand customer requirements to put together strong/favourable deals and use leveraging and/or licensing and and other methods for strong returns whilst managing risks.
Market can too easily overlook fab inroads into new markets, when all they see is a drain on EPS.
That is another key aspect for CFO to communicate to investors to instill confidence.
All IMO :-)

Dave.

[lord loads of lolly] 15/9/2018 13:16

diplomat65 - If you were referring to my last post, I hold nearly 200,000 IQE shares so I AM pretty positive! That's not to say there isn't any room for the company to improve presentationally. Ibthink this applies to most businesses!

[regasclockwork] 15/9/2018 13:06

I don't want to encourage him, but no news from crunk since his ONE post on Friday.

I wonder if he's been 'head-hunted' by a tribe in Zimbabwe and is now simmering in a big black cooking pot strung over an open fire? Hence his silence.

Whatever, some/most of what he says just doesn't add up.

On Thursday he said of IQE, "Sell while you still can", and one day later [Fri], "I sold VRS at its peak 185p and am now back in IQE".

He could well have switched back to VRS [up 8p] before Friday close of course.

I wonder if he'll be writing a book soon - 'Tales Of A Day Trader'? or, 'Tales Of The Unexpected'?

[diplomat65] 15/9/2018 13:03

There's no charge for posting positive comments so make an effort on behalf of all the IQE supporters who read this Board and find something positive to contribute, there's a good doggie!

[lord loads of lolly] 15/9/2018 12:59

dr_smith - Don't get me wrong. I wasn't trying to defend the shorters; far from it. Nor was I meaning to impose my view on others. So apologies if it came across that way. I agree that shorters are usually ethically very questionable. But I guess occasionally they may also unearth genuine concerns about a company's stewardship. In which case, that could actually do shareholders a favour who didn't have all the facts prior. In the case of IQE, I firmly believe the shorters are simply trying to muddy the waters (that report issued last year was aptly named). But I do think IQE's BOD could do better at presenting the accounts more clearly with fewer exceptionals, restatements and possibly some currency hedging - despite that risk being offset to an extent by their US base etc. I appreciate it's a complex sector, but the less perceived ambiguity or inconsistency in their presentation of the accounts, the less shorters have to latch onto.

[horneblower] 15/9/2018 12:45

An apple a day keeps the shorters away. ☺


I reckon at least some of the shorters make their decisions on charting principles.
If so, the elliot down-wave from 178.75p was completed by hitting 84p and they should be switching from short to long. I expect a big bounce.

GLA

[yankeekraut] 15/9/2018 12:21

Neil Rummings has been running things since April. He, and most of the other senior finance Mgrs. (also including Phil Rasmussen) are PwC alumni. I am sure that PR was instrumental in bringing these folks over to his team back in early 2017. Chairman of the board is a very qualified "bean counter" as well, who has been "assisting" Neil as of late. It makes sense that IQE put out a net, trying to establish a qualified candidate pool. It is possible that Neil Rummings is chosen, although I think he is a bit young, based on the typical CFO profile. We will (soon?) see.

[cyberdog1979] 15/9/2018 11:56

Should change this chat from iqe share chat to apple and shorters chat!

[cyberdog1979] 15/9/2018 11:54

Shorters, shorters, shorters. An apple comment sure inevitable now

[wigoyle] 15/9/2018 11:50

Not sure I'd agree. The market is not there just for investors to 'bet' on stocks, but for companies to raise money. If somebody says a falsehood about you that negatively effects your credit rating and your ability to borrow money, you might have grounds for a criminal or civil complaint, wouldn't you say?

[dr_smith] 15/9/2018 11:14

Ipavlou.
I agree, someone internal will be covering as CFO, but if they fulfilled the prime criteria, they would have been appointed by now.

Lord loads of money.
Because something is legal that doesn't make it OK. For hundeds of years the law changes to keep pace of what is felt unjust by the community.
The community drives the law, not vice versa (I think thats called a police state).

Just because it is legal, doesn't mean we have to suck it up and be silent about it.
I agree share price will even over time, but that doesn't mean it is OK to short, put out bad words, and then profit, evidencing the words were deceitful. As is manipulating a free market. It is called an "open" market for a reason.

I don't say this as someone with a loss on IQE but a big winner as LTH.
Ethics, suppression of deceitfulness, trying to encourage business pro-actively are all positive things in life, regardless of what shares are held.

If you are happy, fine, but we are all entitled to our views and what we find acceptable.

[panic investor] 15/9/2018 10:34

It has been mentioned before - if you put a limit order at say 10 pounds per share then your broker can't lend those shares out Obviously you'd have to hold a large amount to affect the situation though

[squire007] 15/9/2018 09:44

LLL. your right, and any LTH, will take advantage of a retrace.
Having been involved with a few investments that then get hit big with the shorters its as plain as anything, a smash and grab game to them, and do they care about anyone else .......... not a jot. SCumbags, and need treating accordingley.
The FCA and Gov are just useless in this regard, as with most things..!!!

[lord loads of lolly] 15/9/2018 09:37

squire007 - whatever we think about shorters, I think it's unhelpful trying to criminalise them. Their activities aren't outlawed in the UK, even if many believe they should be. Whilst tricky if you're holding a paper loss currently, I think it's best not to get too worked up about them. After all, if every holder did this and simply refused to sell when the price dropped to current levels, their game would soon be up. If you believe in IQE's sales & profit forecasts for the next 3-4 years as I do, the share price rise will look after itself over time.

[squire007] 15/9/2018 09:28

Well I think this is the start of the 'dog fight' between the criminal shorters, lets hope they chew themselves to death, we need new investors in IQE to stick the knife in and turn it .....happy to have got a lump more low 80's ... but waiting for this to be back circa 140p again ..... gla.

[lord loads of lolly] 15/9/2018 09:28

quoinit - IQE's RNS of 29 August actually said "final interviews are scheduled for early September 2018". That's not the same thing!

[quoinit] 15/9/2018 00:20

They said appointment in September. Does it really matter when? What will turn the share price round is seeing the ramp up in Dec trading statement and news on the the new foundries going into full production.