Iqe Share Discussion Threads

[firtashia] 21/6/2019 07:35

Anyone remembering the FY19 £210m revenue broker forecasts not so long ago? Revs stagnant for this dog for the past 3 years now. But maybe jam tomorrow, and the day after....

[american idiot] 21/6/2019 07:29

I actually see 20p here. Obviously not today or tomorrow but next year as revenues will continue to fall into 2020 on the Huawei fallout. I believe it's odds on that there will be another profit warning further down the line.

The sentiment towards the whole sector is now firmly negative with plenty of revenue downgrades to come for peers.

With the smartphone market clearly topping out theres also potential for downward pressures there as well. Only yesterday Dixons Carphone warned on profits due to the slowdown in handset replacements.

[bocase] 21/6/2019 07:22

Trump has a lot to answer for.

I don't think we can blame the company for any of this.

[american idiot] 21/6/2019 07:21

Sorry folks but I could see this coming a mile off.

As a result of the above and with the expectation that uncertain market conditions will continue in the short-term, IQE now expects to deliver revenues in the range of £140m to £160m for FY2019 at prevailing exchange rates (consensus £175m).

This is a larger impact than the previously guided risk related specifically to Huawei, due to the far-reaching impacts on other companies and supply chains that are now becoming evident.

................

The question now is IQE had only £20m cash at March 2019 and cap-ex of nearly double that is forecast in the current financial year.

Will IQE need to raise more funds soon ?

Revenues falling just as IQE increase capacity is really bad luck and the struggle will certainly impact guidance for 2020 as well as this year.

IQE is a great little company and the directors are highly regarded individuals however when it comes to running the business as a business they fail big time.

[technowiz] 21/6/2019 07:20

IQE now expects to deliver revenues in the range of GBP140m to GBP160m for FY2019 at prevailing exchange rates (consensus GBP175m).

oh dear! carnage today.

[tomboyb] 21/6/2019 07:16

Dr Drew Nelson, Chief Executive of IQE, said:

"These are unprecedented times for the global semiconductor industry as
geo-political conditions affect interconnected global supply chains. It
is now clear that the impact of Huawei's addition to the US Bureau of
Industry and Security's Entity List is having far-reaching and
long-lasting impacts on global supply chains. This is a matter outside
of IQE's control but we have responded swiftly to leverage our breadth
of relationships and to pursue new sales opportunities. We are also
taking prudent expenditure actions in order to manage through this
period of uncertainty. IQE remains well placed to adapt to mid -
long-term share shifts at both the component (chip) and the OEM level.
Indeed, we are now seeing increasing activity from customers in
alternative supply chains across our business units as these supply
chains respond to current market dynamics. We anticipate significant new
customer qualifications during the second half of 2019 as a result. As
global markets adjust and recover, we remain extremely well placed for
significant future growth."

[poombear] 21/6/2019 07:16

I sold after the Macom news, thought that would start a downward spiral.

[tomboyb] 21/6/2019 07:15

On 24(th) May 2019 IQE announced, as a response to external
geo-political uncertainties, that the Group may experience some delay to
orders and the potential for adjustment of supplier managed inventory
levels, predominantly in its Wireless Business Unit.

IQE is operating in an increasingly cautious marketplace and has very
recently received a reduction in forecasts from a number of chip
customers, in Wireless and also in Photonics, impacting anticipated
revenues for the second half of FY2019.

As a result of the above and with the expectation that uncertain market
conditions will continue in the short-term, IQE now expects to deliver
revenues in the range of GBP140m to GBP160m for FY2019 at prevailing
exchange rates (consensus GBP175m).

This is a larger impact than the previously guided risk related
specifically to Huawei, due to the far-reaching impacts on other
companies and supply chains that are now becoming evident.

[tomboyb] 21/6/2019 07:15

Oh dear - !

Another profit warning -

[leadersoffice] 21/6/2019 07:14

Will be hammered. Good top up opportunity

[jamesrowe] 20/6/2019 17:06

Another small increase in Blackrock's short position.

[regasclockwork] 20/6/2019 15:40

coolhandfluke19 Jun '19 - 09:21 - 26632 of 26648
0 3 0
"Sorry Regas, being a non paid-up member dose not allow me to give cs [CotswoldSparky] a thumbs down, says it is a premium feature? Yet I can give all posts a thumbs up without a problem. I guess this shows the support for all posts is somewhat skewed." -End-

Hi fluke, you are spot-on regarding the 'thumb-up-thumb-down' situation. I think the non-premium members should also have the facility to give a 'thumb-down'.

The non-premium posters possibly outnumber premium's by 5 or maybe 10:1? which can indeed skew the support for all posts.

Here is a classic example. Recently Dave Smith [good bloke] was 'advised' in answer to a post of his, "Don't be daft". That post,[no name otherwise I'll have 'Smarty' back-on-my-back, but the clue is in post 26589] got 5-'thumbs-up' and 1-down [from me].Dave's very sensible reply got 3-'thumbs-up' [including 1 from me] and none down. Dave Smith is far from 'daft' as can be seen from his post 26036 for example. If all posters were allowed to thumb-up and down, that first 'daft' post from above may well have seen a closer call.

The only other post I can recall using the word 'daft' was - "Just sold 10% of my shares at 157p - would have been 'daft' not to" [not verbatim, but not far off].

Must get back to the garden and mow the grass otherwise my wife will go 'daft'. GLA!

[croquetman] 20/6/2019 13:24

AGM next Tuesday, so hopefully a few crumbs today or tomorrow.

[mhassanriaz] 20/6/2019 13:11

I am surprised the price is not up yet. I am expecting a sharp rise very soon. Dow is up and will be up further as so as our peers.

[sweenoid] 20/6/2019 09:22

Off topic

Kazoom, I have Riostroy on filter, his inane ridiculous comment that you highlighted, indicates why ;-).
However,there is a line which I won’t let anyone pass in terms of printing lies and falsehoods about me, pass that line at your peril folks.

S

[adejuk] 20/6/2019 09:21

seems there's a standing buy order at 70p

[poombear] 20/6/2019 07:58

GAN is growing, but still quite a small part of IQEs business with Macom.

[lpavlou] 19/6/2019 19:45

Macom have got off lightly as I was expecting their shares to tank on opening. They are one of our top 5 customers but I'm hoping most of our business is GaN.

[suffersnofools] 19/6/2019 18:47

Yes the right people - like customers and long term investors who aren't phased by short term fluctuations. PI's punting on a quick flip and buying at the highs not so much :)

[nickwild] 19/6/2019 18:30

adejuk

You mean this tiny increase?

BlackRock Investment Management (UK) Limited total 0.52% increase 0.04%12 Jun 2019

[riostroy] 19/6/2019 16:35

I am telling you Sweenoid is employed by Coltrane - the biggest shorter of IQE