Iqe Share Discussion Threads

[american idiot] 21/3/2019 10:24

I hope there are not many of you like Davemac3 who piled in high when the share price was above 150p. It might be a long long wait until you get to see your money back - If at all.

With 2019 Cap Ex of £40m and a cash balance of £20m when exactly is the next placing coming ??

[tomduck] 21/3/2019 10:15

I think with regret this will be dead money for some time to come, the next earnings will be the next driver, because we know IQE won’t do much PR in the meantime. Hopefully they have set it up to beat with ease next time round, that combined with the coming “hopeful”; earnings ramp in 20/21 should see the share price start to motor, so Sept - Dec should treat longs better than of late. Time to forget about it for a while...

[horneblower] 21/3/2019 09:06

Imminence is relative.

[regasclockwork] 21/3/2019 08:57

fuji9921 Mar '19 - 08:19 - 25349 of 25349

"Now that all the gloom is out and is factored in the share price ...." -End-

Is it all factored in? If they lose the infringement case, could this not cost 'us' a million or two? Hopefully, as they ARE defending it [unlike IMG] they must be pretty confident of 'winning'?

sweenoid21 Mar '19 - 07:39 - 25344 of 25349

"I was worried about IQE being sued for infringing someone else’s patent, however it’s obviously protecting its own, IT IS EXPENSIVE but it has to be done, I applaud them for doing so." -End-

Good to see us powering ahead [as I write]. Wonderful opportunity for Oppenheimer to 'top-up'?

[augustusgloop] 21/3/2019 08:55

Fuji,

Have you read the real numbers in the accounts = NOT THOSE in the 'highlights'?

EPS = 0.13p - as stated in the accounts (the real ones).

and the PE is now 570 -- its all in the box at the top of the page (just under the charts)

[fuji99] 21/3/2019 08:19

Now that all the gloom is out and is factored in the SP, I just bought at these levels. From here, IQE need to start getting things in order to see the share price take off again. Any future positive will improve the sentiments and the share price

[davemac3] 21/3/2019 08:13

sweenoid21 Mar '19 - 07:39 - 25344 of 25345
0 5 0
Re the patent dispute, I emailed IQE’s Chairman

His answer

“We are defending our patent David. No point in having an IP portfolio if you are not prepared to defend it.”

I say well done to that for very obvious reasons, as an old IMG investor, I applaud a company that protects its patents, IMG always answered at AGM’s that their patents were tight and they would fight to protect them , but we all know what happened, They bottled it! I ain’t going over who and how, but in the end IMG said it was too expensive for them to go to court against you know who and it was a disaster. By ‘rolling over’ they signalled weakness and managerial ineptitude.

I was worried about IQE being sued for infringing someone else’s patent, however it’s obviously protecting its own, it is expensive but it has to be done, I applaud them for doing so


S


Thanks for clearing that up. With it going to arbitration it's either not clear cut or they are negotiating a settlement.

[fuji99] 21/3/2019 08:12

august - How did you manage to put this number "550" ? Do you really know how a PE is obtained at all ?

[tomduck] 21/3/2019 08:12

Doesn’t he call you Sweenoid? ;)

Yesterdays results made for pretty dull reading didn’t they? Must have sent you to sleep.

[augustusgloop] 21/3/2019 08:01

adejuk 21 Mar '19 - 06:59 - 25343 of 25344

world leading tech
global leader
calm tfd

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

But does that justify a PE of over 550?

[sweenoid] 21/3/2019 07:39

Re the patent dispute, I emailed IQE’s Chairman

His answer

“We are defending our patent David. No point in having an IP portfolio if you are not prepared to defend it.”

I say well done to that for very obvious reasons, as an old IMG investor, I applaud a company that protects its patents, IMG always answered at AGM’s that their patents were tight and they would fight to protect them , but we all know what happened, They bottled it! I ain’t going over who and how, but in the end IMG said it was too expensive for them to go to court against you know who and it was a disaster. By ‘rolling over’ they signalled weakness and managerial ineptitude.

I was worried about IQE being sued for infringing someone else’s patent, however it’s obviously protecting its own, it is expensive but it has to be done, I applaud them for doing so


S

[adejuk] 21/3/2019 06:59

world leading tech
global leader
calm tfd

[adejuk] 21/3/2019 06:57

so much gloom and doom here
there were no surprises - it was all known
h2 will be the watershed imo

[hawkind] 20/3/2019 23:57

It made for pretty grim reading, even the forward look statement was very bland. I would think Sweenoid maybe even struggling to find the positives in those finals.I fear I may have this one wrong, at least in the short to medium term time arisen at least. I probably need to set my ego aside and try and think without emotion to make a decision to whether my capital could be put to work elsewhere until IQE start to walk the walk and deliver. The concern is they are not even talking the talk anymore. Hopefully long term it will come good, but at the moment it is difficult to see where revenues are going to flow from to create profits. It seems they have a surplus of factory floor space and nowhere near enough at present to fully utilise it. Apple I feel is dead in the water in regards to reliability on revenue, hopefully 5G will be the savour but still some way off. IMHO and DYOR

[augustusgloop] 20/3/2019 23:48

At least ADVFN don't fall for the nonsense of 'adjusted accounts' -- got the PE ratio correct in the header now = 569

That's a lot for a company with negative profit growth and only 1% revenue growth.

Year after year - they put out a shadow set of accounts.

This year 91.5% of their highlighted profit was due to fudging by accountants.
For every £1 really made by the Company - the accountants generated another £13.

Scandalous!

[tomduck] 20/3/2019 22:54

Sweenoid must have read the earnings transcript a few times by now ;)

Re Tom W the guy is old news and most people can see through him, however IQE need to step up or else Wendy may finally be right about a TO ;)

[sf5] 20/3/2019 22:50

Stockopedia gurus pretty -ve as well today, specifically on the woeful return on assets in what appears to be a capital-intensive industry. I suppose we should be relieved they haven't over-invested in more reactors/ tools but it sounds as though there's a lot of unused factory space which in due course they will have to pay rent on.

I'm assuming there was no investor conference call, ie they just don't communicate with shareholders as more switched-on companies do.

At this rate, I think we can wave goodbye to any move out of the AIM cesspit for some years.

[albert3591] 20/3/2019 19:49

See how the markets react to TM 8.15 speech.

[davemac3] 20/3/2019 19:29

anybody know any more about the patent dispute? It says defence so sounds like IQE are being sued but what for?

[sspurt] 20/3/2019 17:48

No. Not resolved. It has gone to arbitration and result expected in Sept.

[jamesrowe] 20/3/2019 17:11

Do we know if the patent dispute mentioned in the reults has been resolved? If not, presumably costs of approx £1M for defending the suit imply a potential risk of > £1M.

[tomduck] 20/3/2019 17:07

137p = a PE of 24 for 19. Seems fair enough, let’s see

I thought we’d end the day lower, decent performance considering the “kitchen sink” earnings