Iqe Share Discussion Threads

[bbonsall] 17/9/2018 20:20

It is high time investigations of market manipulation and shady dealings took place. Since the share price fell below £1 there have been no holdings updates by the shorters. This is highly suspicious. There have been no updates since September 5th. Before that frequent updates were made. Sometimes daily and certainly every 2 or 3 days.
It is clear that the shorters don’t want us to know their dealings at the moment because they want to close in secret so as not to spike the share price What are the regulations about reporting?
I simply cannot believe the shorters have been inactive over the past 12 days.

[hoverflyman] 17/9/2018 20:00

Autonomous vehicles: BBC radio 4 Book of the Week written & narrated by Prof Hannah Fry, Thursday morning 13th September, “Hello World episode 4: how to be human in the age of the machine” concludes something like “not in her lifetime but good for Wall Street”.

[winnings1] 17/9/2018 19:58

Anyone bragging about his/her deep knowledge of a certain stock and his/her financial acumen to buy huge amounts of that certain stock, is bound to feel pretty sick when the investment goes seriously pear-shaped.

[hoverflyman] 17/9/2018 19:35

Adejuk re your post 21069. I interpreted this to read shorters are exiting rather than shareholders. Maybe your posts are sometimes a trifle too abbreviated? Anyway I think richards77 has been inappropriately harsh :)

[yankeekraut] 17/9/2018 19:25

Provonar - there are many moving parts re. the Fx (currency) issue. IQE also produce in the US, as far as I know. The US accounts are probably consolidated into the Companies "total" (world-wide) results. I do not know the % of US revenue / expenses. The same goes with their Taiwan operations and accounts, which is being ramped up as we speak. I do not know which currencies their various contracts are in (probably USD..?) It seems that the ramp-up in Asia would be additionally beneficial (Fx)if the wafers are sold to local Android customers. US interest rates are definitely going up, and the dollar will follow(Pres. Chump is limited in how much he can tweet the dollar lower). I see little short-term (H2)risk of negative Fx impact. I have to assume that IQE have a plan re. future purchases (import duties) from Aixtron, as this will impact cash directly.

[dr_smith] 17/9/2018 18:51

Diplomat65.
No Objection. HL are in similar market to Youinvest with PI's and SIPP a key aspect, so hope they give a similar response..but you never know with some co's when they operate different subsiduaries.
I mentioned SIPP separate to say Dealing account to them, as pension pots are seen different by gov, e.g. Brokers/shares aside, we cannot loan monies ourselves, against pension as security, so if any broker did so (in guise of shorting), I believe that would be an extra ethical and legal boundary they are crossing.

[grity] 17/9/2018 18:46

We are in the 3 iPhones is almost a given , but once they are shipping, will a
Tear Down reveal IQE Wafers or will they be too minuscule to reveal the true source of their origin. Maybe if it’s proven it could give us a leg up .

[diplomat65] 17/9/2018 18:34

Good post! If you've no objection, I would like to copy and paste the question you posed to your broker to my broker Hargreaves Lansdown?

[provonar] 17/9/2018 17:59

Having seen some comments on this thread regarding exchange rates and Brexit, I thought I'd add my tuppence worth.

In the latest half-yearly results the 'Finance' section mentions: "Currency headwinds were caused by the average underlying currency UK£:US$ FX rates fluctuating from 1.26 in H1 2017 to 1.38 in H1 2018." This was with regard to the reasons for profits being depressed in H1. I take this to mean that the increasing strength of the pound against the dollar has caused the ‘headwind̵7; – which makes sense as most of IQE’s Tier 1 customers will be US chip producers. Thus, the stronger the pound is against the dollar, the worse the situation for IQE’s profits.

Further in the results in the ‘6. Current Trading and Outlook’ section we have: “The Board remain confident of achieving current market expectations at current £:US$ exchange rates.” The interesting point here being what is ‘current’; with regard to this statement (I’ve asked IQE directly and will see if there’s any response…). It could be the H1 2018 average (1.38), the date at the end of the reporting period (1st July 2018: 1.32), or the date of publication of the results (29th August 2018: 1.29). It’s probably one of the latter two.

Looking ahead, we actually need the pound to remain weak for the H2 results to meet the revenue expectations. So far, so good – H2 to date the rate has been in the range (1.27 – 1.34), below the H1 average of 1.38.

Considering that the current weakness in the pound is caused, to a significant extent, by the ongoing uncertainty around the Brexit negotiations, we are in the strange position of actually wanting the negotiations to continue being poor in order to keep the £:US$ rate suppressed. As the negotiations have been fairly antagonistic so far, I do not expect any significant change in this before Q1 2019 (no matter what is said about needing to reach a deal to allow time for ratification – there are mechanisms on both sides to accelerate ratification in extremis).

Of course, there are other significant factors like Trump wanting to weaken the dollar in order to boost US exports, which works against IQE’s interests. The pound is currently strengthening, so it will be interesting to see how it plays out in Q4.

I am long IQE.

[winnings1] 17/9/2018 17:28

I don't think Sweenoid would have gone silent if the share price had risen in line with his expectations / projections. Surely anyone with a huge holding has to feel subdued when looking at the near-halving of the share price in less than a year. I surely would.

[richardc77] 17/9/2018 17:04

Yep, click on the arrow next to their name and hit filter, I have over 30 on there!

[lord loads of lolly] 17/9/2018 16:50

Thanks richardc77 - as a relative newbie, is it possible to filter someone if you only use the free ADVFN service? If so, how?

[richardc77] 17/9/2018 16:41

Most people have that idiot (adejuk) on filter, best you all do as he serves no useful purpose...

[lord loads of lolly] 17/9/2018 16:32

bulltradept - agree with your comments entirely. What I don't like - and will continue to shine a light on - is when I feel posters are misleading others with scare stories, whilst still claiming to be long. Sure, at times an investor may have serious doubts about a company, yet still buy in, as they think the market has overreacted. But that's easy enough to explain in a post - and very different from some recent tactics appearing on this board.

[jamesrowe] 17/9/2018 16:25

Thank you GNM. I stand to be corrected if my memory is dodgy but I was sure that I read something on here suggesting that IQE had some thoughts on how it might start to move away from that model - perhaps through a slightly different business approach?? However, I am struggling to see what it could do.

[gnnmartin] 17/9/2018 16:16

James, fuji, at the last AGM I was told that a qualification qualified a specified machine for a specified customer, and there was no suggestion that could change.

[bulltradept] 17/9/2018 16:05

Lord loads of Lolly, first rule of public (or private for that matter) bulletin boards), take with a large pinch of salt people's declared positions, (that's not aimed at anyone btw).

However, a counter intuitive example; I have held positions in stocks before and have been very pessimistic about them, but still bought as I felt chart wise it was a good risk to reward play.

The one thing we can all agree on is the price today now as it stands, anything is in the future or not as the case may or may not be! ;-)

[lord loads of lolly] 17/9/2018 15:01

adejuk - glad to hear it, though that doesn't really square with your two latest posts, so I remain sceptical I'm afraid:

adejuk 13/9/2018
19:03 don't be fooled tmrw the prob is that they will try to push this to 70p never catch a falling knife

adejuk 17/9/2018
10:21 looks like a orderly exit may have begun

[adejuk] 17/9/2018 14:58

so much so that i added 20k today

[adejuk] 17/9/2018 14:34

lll
i think you'll find i have been quite positive recently since i decided to batten down and wait it out.
i am negative about the bod and their passivity. their pr is woeful or, worse, non-existent. they could take a leaf out of the vrs playbook, even if that does go very wrong.

[fuji99] 17/9/2018 14:09

James - "Didn't IQE say that they were aiming to move away from having to qualify individual machines for specific customers?" This is a good move because if orders from "specific customers" slow down, then that/those machines will be almost idle. If possible, it is far better to qualify every machine for any customers. Even if it may take longer, it will sort out any production bottom necks in the long term.

[dr_smith] 17/9/2018 13:54

James: I haven't seen any comment to that affect, and it would stand out for me in view of significant possible impact on timelines in scaling up.

In poombears above link:

it says:
"A big part of the CSA Catapult’s role will be talking to the 5,000 or so end users of compound semiconductors in the UK and helping them develop a roadmap. Sellars says: “For example in 5G, we can talk to all the companies that operate in RF communications and we can ask ‘what is the roadmap? What do you want to achieve by 2025, and by 2030?’. Then we can work back into the supply chain and talk to the academics and say ‘what research can we pull forward?’. Then the Catapult could commission some chips early on in the supply chain; one part of the Catapult strategy is actually to produce development kits.”

I took this to be new but standardised components for next gen products..possibly too oblique to your question..but maybe the origin of the comment you are thinking of.
Dave

[jamesrowe] 17/9/2018 13:21

Didn't IQE say that they were aiming to move away from having to qualify individual machines for specific customers?? I am not sure what they had in mind but ti sounds difficult to achieve in practice. Clearly it would be a big deal if they could manage it. Does anyone have any ideas on what IQE might have been thinking?