Iqe Share Discussion Threads

[bulltradept] 08/10/2018 09:46

First rule of bulletin boards don't believe anything anyone says, including me!

:-)

[bulltradept] 08/10/2018 09:06

The daily grind of lower lows and a general drift continues, unfortunately...

[mhassanriaz] 08/10/2018 08:59

It shows as a buy on HL. can anyone on L2 confirm the trade

[horneblower] 08/10/2018 08:55

Looks like a real trade but why do you say it was a buy?

[mhassanriaz] 08/10/2018 08:50

Who bought a million shares at 8.15 am priced at 80.15p. Guys confirm it this was a real trade.

[adventurous] 08/10/2018 07:54

augustusgloop - I'm not sure which school of accounting you come from, but it appears that you are completely out of your depth or a complete idiot or a hedge fund manager short of shares in IQE LOL

[regasclockwork] 08/10/2018 00:43

Several 'punters' on here have told us that over the weekend they would be playing golf, here and overseas. Lucky them.

DR_SMITH6 [Oct '18 - 11:01 - 21537 of 21568] says:

"Golf isn't my bag, unless it's crazy like me."

"I have spent the last week, 12 hours days removing a fireplace and 1 tonnes worth of rock hard concrete to make room for a 1m wide inset fire. Hired a disc cutter, creates so much dust room looks like a nuclear winter. I deserve a break tomorrow, so probably on MTB to help fend off effects of old age. -End-

Well, I don't play golf or spend time up chimneys, but I think I was, 'born to prune'.

I spent a few hours this weekend [finishing off] 'pruning' 4-foot off the top of a 12-foot wide, 20-foot high and 80-foot long row of conifers. No mean 'feet'?

I prefer to talk in 'old money', feet rather than metres as it sounds as though you're getting more bucks for your money.

My wife told me that I had just a few more 'wisps' to remove to complete the job. I said that from her kitchen window they may look like 'wisps', but those 'wisps' were 4-foot long and 2-inches in diameter.

I thought best not to mention the 'little bit' of housework she'd done. Don't want to end up cooking my own dinner.

Gosh! it's Monday already - must get some beauty sleep before markets open at 8-00 am. GLA!

[regasclockwork] 07/10/2018 23:58

rivaldo5 Oct '18 - 08:21 - 21512 of 21566

"FYI, N+1 Singer's market round-up this morning notes that IQE are commencing an Investment Roadshow on October 11th."

"Hopefully there'll be news flow to accompany this, but even without any RNS's this should bring in additional interest." -End-

If history is anything to go by, I can't see any news flow coming from IQE about this roadshow.

In my post 21251 I said that of all the 'events'[see IQE's own 'events' page], that IQE has 'presented' at, we have had no feed-back from them whatsoever.

I get the impression that they don't consider that PI's are worth the bother of informing as to the progress, or otherwise of the company. Their PR department needs a good kick up the rear quarters.

I continue to hold as I say to myself, "It can't get any worse - or can it?"

[kazoom] 07/10/2018 23:41

augustusgloop,

You either have no idea about accounting or you are attempting to be deliberately misleading.

IQE's reported profits in FY 2017 were reduced by £7m as a result of reduction in the deferred tax asset following the reduction in the US tax rates.

This is a plain and simple point of fact.

There are no smoke a mirrors here, other than the ones you are seeking to deploy.

This is not rocket science and your distorted assertion that they "wrote up" profits by £7m on the basis of the change in US tax rates is frankly laughable.

[grity] 07/10/2018 19:44

august so are others! So 2 plus 2 is 5
short IQE lol

[augustusgloop] 07/10/2018 18:11

That sort of stuff is exactly what alerts the shorters to begin their deeper investigations!

Straight from the Enron playbook.

[kazoom] 07/10/2018 16:59

augustusgloop,

If you do not follow the logic - then you have not understood the accounts and are creating an uneducated "scare story".

They reported a statutory (ie reported) profit of £14.485m (I trust we can agree on that figure?)

But they "claim" (if you will) that the underlying (ie "adjusted") profit was £24.823m - which was effectively their profit from "trading with others".

So the number they claim as the real underlying profit was higher than the reported profit.

So, just to be clear reported profit was £10.3m less than the company claim as underlying (ie adjusted) profit. £7m of those "non-underlying" costs are clearly "one-offs" but I would accept that the others are debatable (but in line with what many companies report).

So explain to me again how IQE make a significant portion of their profits from "accounting practises"?

You really need to get a better understanding company accounts before making such ridiculous claims as you have made thus far.

If this is the basis of your short (and I accept there are other valid reasons to be short), I suspect that if you do your research properly you will close that short.

[augustusgloop] 07/10/2018 15:51

kazoom,

Not following your logic.

The accounts state that the adjustment was +£9.42m

So if this included a tax write DOWN of £7m of deferred tax assets - then the write UP of other things must have been £16.4m

Then of course you need to explain the other years' adjustments.

-----------

Your numbers imply that the £7m adjustment was made in producing the basic figure.
And not included as part of the stated adjustment.
If so - it is irrelevant to my argument.

[regasclockwork] 07/10/2018 13:03

rivaldo4 Oct '18 - 11:43 - 21495 of 21554
0 7 0
"Great to see Schroders going above 5% with 38.8m shares. The IQE web site has them with 28.4m shares at the end of May, so they've bought over 10m shares since then." -End-

Great news? it certainly looked that way and I thought it might give the share price a boost [+10p?], but it didn't happen. Maybe punters thought it might just be a temporary buy?

I say this because in January, Schroders sold 7-million shares at around 119p and the share price plunged 16p in the next 3-days. They MAY have bought those 10m shares back recently in the 80p to 85p range in anticipation of a rise back to 120p and beyond. That we'll never know.

It wouldn't surprise me if we see them sell a similar amount if/when it gets back to that lofty height. I think they call it 'trading' rather than 'shorting'?

Whatever, when it comes to setting new records, IQE continues to amaze. After dropping to a new 52-week low of 78.85p this week, IQE culminated it with a 6-week losing streak which saw it fall 21.5%.

But, as frustrating as it all is, like 'bocase', I feel fairly confident that it will come-good eventually and in 'mycase' I will get my original stake back and possibly make a few bob.

GLA!

[kazoom] 07/10/2018 11:50

Nice attempt to spin the numbers augustgloop, but you overlooking (accidentally obviously) what the biggest adjustment actually was :

£7.003m for changes in the US tax rate. IE because the US tax rate was reduced they had to write down the value of deferred tax assets.

So even if we accept your assertion about the other adjustments, the true figure is that they made : £21.488m from "trading with other people" (up from £18.023 in the prior year +19%)

But had to make an accounting adjustment to reduce that figure to the reported figure.

So your assertion that they make a profit from adjustments is a little strange to say the least.

[zapa] 07/10/2018 11:47

The answer to that would be having a fair go at HP's accounts and see how squeaky clean they are. After all they are all from the land of Enron.

[mhassanriaz] 07/10/2018 03:21

Have you ever wondered that someone like Apple pays $300 Million to finisar as advance payment for Vscels. Micron the giant semis is investing $3 Billion in high speed memory chips. Osram is another one stepping up. I believe IQE are not fully baked to be taken over. A lot would want to take out IQE once the portfolio gets bigger, developed and diversified or it may become to big to fork out.

[augustusgloop] 06/10/2018 23:32

zingaro 6 Oct '18 - 18:59 - 21548 of 21552
0 2 0
augusttusloop: you have posted two sets on numbers as PE's. I have to assume that your first lot were also "smoke and mirrors", to suit your argument.

------------

Have you actually bothered to read the accounts?

They post two sets of numbers for EPS - every year.

One that is basic = profit from trading with other companies.

And one that is adjusted = extra profit included from trades with themselves.

Yes - the adjusted figure looks like smoke and mirrors.

---------------

Trading with other companies - that produces a decreasing EPS.

Trading with themselves seems to become more and more profitable every year.

Perhaps soon - all of their trading will be with their own subsidiaries.
Loads of Wonga!

[grity] 06/10/2018 23:21

More good news (as expected) , collaboration Awards!!
Work hard party harder