Iqe Share Discussion Threads

[abbotslynn] 23/6/2019 22:45

Ready for the old highs

[suffersnofools] 23/6/2019 20:27

Not disputing China not playing fair but that still doesn't alter the fact that interfering in the market ALWAYS ends badly for the global economy. The Great Depression was caused by tariffs. It will come back and bite the US tech sector as China will just rip off more of their IP and then scale up tariffs on the likes of Apple . Plus with increasingly little to lose they have the sale of their US debt ready to totally nuke the global economy. The wheels were already coming off and this lack of political and economic savvy with just speed it along.13 Trilion now in bonds with negative yields - how much confidence do you have when you're prepared to buy a bond this is guaranteed to be worth less than you paid for it. Gold breaking out of 8 year cycle.

[semper vigilans] 23/6/2019 20:23

What did you put it on Regas?!?

[regasclockwork] 23/6/2019 20:10

The man from 'The Times' has repeated almost verbatim what I said in a post a few days back. You know, the post for which I got 'booed-off-the-stage' Read on:

Tech firm IQE braced for revolt over bosses’ pay
Ben Woods
June 23 2019, 12:01am,
The Sunday Times
Technology
'Drew Nelson was awarded a £105,000 bonus for last year'

Smartphone technology supplier IQE could face an investor backlash for paying boss Drew Nelson a bonus.

Shareholder adviser Glass Lewis has urged investors to oppose IQE’s pay report after Nelson and operations director Howard Williams were given payouts despite missing financial targets.

IQE, which supplies wafer semiconductor technology for smartphone microchips, awarded Nelson and Williams bonuses of £105,000 and £70,000 respectively for last year — the equivalent to a fifth of their salaries. That was despite falling short of targets linked to their awards.

IQE said the remuneration committee had “exercised modest discretion to ensure fairness for shareholders and participants”.-End-

All I can say is LOL!! I wonder who of the possible 6 PI's attending will oppose the payout? I'll say obviously not Sweeney, but could GN Martin get his dander-up? I haven't been this excited since I put some lawn 'Weed & Feed' on earlier today.

EDIT: On the grass that is! That's in answer to the next rather amusing question from Semper post 26811. A thumb-up from me 'because he's worth it'! LOL!

[mhassanriaz] 23/6/2019 19:11

Next week will be interesting. If the price improves it would mean Shorts going down or Institutions building more stake. I will go with Institutions and if so, then takeover is likely otherwise find a quite corner.

[lammergeier] 23/6/2019 19:01

FAMOUS QUOTE:-

Copulation equals population equals pollution

Spike Milligan

[augustusgloop] 23/6/2019 17:12

And Trump may be a climate denier -- but he has done more to cut CO2 than anybody else.

Trade wars = less trade = less production and transport of goods.
That is the only way that CO2 emissions are going to decline anytime soon.

-------

The Greens have it all wrong.

They are imposing the closure of coal power stations in Europe and adding massive extra costs everywhere.

China has identified that this will reduce the competitiveness of Western economies and are now building 300+ coal fired power stations to take advantage.

Net result = more emissions.

[suffersnofools] 23/6/2019 16:47

Augustus - tariffs are a tool to fend off imports from more competitive countries - what part of that is not interfering in a free market?! It's the same process repeating over again, as living standards rise, wages rise making productions cost rise leading to a reduction in competitiveness do you move production to a cheaper country with lower costs. Even me elbee and his sixth formers grasp that.Living standards are lower now for two reasons. Primarily, because global capitalism is based on a hopelessly flawed assumption that economic growth can last forever, and secondly because the prior generation have lined their pockets with the aforementioned cheap money to artificially inflate the value of the assets they bought, pricing the next generation out of the market and pooling the wealth into fewer and fewer hands.It will soon end in tears, or more likely war.Thankfully I encouragingly find my kids generation increasingly motivated to make their voices heard and I only hope that this new generation can start to gain political power before the US drives the world over the brink.

[suffersnofools] 23/6/2019 16:34

Thanks for the link picobirdMr Elbee - love you to xx :)

[suffersnofools] 23/6/2019 16:33

Bocase - yes - and the big funds are doing the same. Everyone trying to offload equities into the final blowoff top.

[quoinit] 23/6/2019 15:40

Regas- I predicted that a few weeks ago which you made light of at the time but now seem to be backing it. No one could have predicted the negative effect of Trump. His campaign to make America great again is done at the expense of the rest of the world. Put that together with being a climate denier and it’s a disaster

[regasclockwork] 23/6/2019 13:14

I say, "I feel a 'heavy dilution' of shares coming on" due to the following. Companies do put clauses in the AGM resolutions [see below] to allow them to raise monies from the market - if needed. Handy to have an extra 295m shares readily available in case they are needed in a hurry. Like a placing or more share options for management and staff? Read on:

"Resolutions 7 to 9 in the Annual Report"

SPECIAL BUSINESS
To consider and, if thought fit, pass the following Resolutions as an Ordinary Resolutions in respect of the Resolutions numbered 7 and 9 and as a Special Resolution in respect of the Resolution numbered 8:
7. To generally and unconditionally authorise the Directors, in substitution for all existing authorities to the extent unused, to exercise all the powers of the Company to allot shares in accordance with article 15 of the Articles up to an aggregate number of 295,532,081 ordinary shares of 1p each. This is calculated as one third of the total shares in issue, plus the number of un-exercised employee share options outstanding at 24 May 2019. -End-

[regasclockwork] 23/6/2019 11:30

On 24-May 2019 Edison said in the update, "Impact of Huawei is LIMITED and SHORT TERM" and continued as below:

"IQE has assessed the potential impact on its business of the decision by the US Department of Commerce’s Bureau of Industry and Security to prohibit the sale to Huawei, by certain of IQE’s customers, of products covered by the Export Administration Regulations without obtaining an appropriate export licence. Following discussions across its customer base, IQE estimates that its current MAXIMUM risk exposure with regards to this ban is LESS THAN 5% of its total FY19 revenue guidance. We therefore leave our estimates and indicative valuation of 91–99p/share unchanged."-End-

We are now told that the situation is a lot worse than expected at that time. On the strength of that "IQE estimates that its current MAXIMUM risk exposure with regards to this ban is LESS THAN 5% of its total FY19 revenue guidance", I ONCE AGAIN [for the upteenth time], held rather than sell. How daft was that? IQE 75p intra-day on the day of that update - today 53.85p, down 21.15p [-28%].

It will be interesting [if you can call it that] to see if Edison still sticks to their 'estimates and indicative valuation' unchanged at 91-99p when they next update.

I feel a 'heavy dilution' of shares coming on. GLA!

[picobird] 23/6/2019 01:26

Ayl30...thank you for that link.

The Siltronic statement issued on Monday (trading update) confirms the IQE situation over the Huawei ban.

[ayl30] 23/6/2019 00:19

Chips down for UK firm amid Huawei ban https://www.thetimes.co.uk/article/chips-are-down-for-british-firm-amid-america-s-ban-on-huawei-n99q2hj2j?shareToken=657cc973679ba8a96fc3a6e9fdefc936

[augustusgloop] 22/6/2019 15:12

How is putting tariffs on China interfering in a free market?

China rig the market in their favour.

Globalised free markets is a failed experiment.

Workers in the West have got poorer.
Social mobility has gone into reverse.
Personal borrowing has rocketed.
Govt borrowing has rocketed.
Masses of assets have been sold off (companies, land, buildings).

Living standards for 20 year olds now LOWER than for 20 year olds 50 years ago == the first time in history this has ever happened.
1910 - 1960 = 2 World wars and the great depression didn't even come close to achieving a fall in living standards over the 50 year period.

Free trade, free movement of people + globalisation = the biggest concentration of assets into the hands of the rich since the end of the Feudal Lord system.

[amt] 22/6/2019 14:33

Grity I didn't make much on IQE but am staying well clear. I can see this back to 20p if there is another warning.

[picobird] 22/6/2019 13:52

For more insight into the Trump trade war & the underlying economic & power reasons for it, posters may find the attached link quite useful. Incidentally SNF is right over the BOD ... they are doing their very best & using honesty as the best policy in providing yesterday’s trading update. The problem of course is the US not IQE & other tech firms.

‘Why Trump's Huawei Ban Is Unlikely To Persist’

[bocase] 22/6/2019 13:52

Suffer No Fools:

Totally agree with you. Spot on.

Thank goodness I saw this coming and invested heavily in gold miners. At least the gains there are offsetting IQE to a degree at least and as far as gold is concerned, I think this is only the start.

[suffersnofools] 22/6/2019 12:46

Lol - did you attend trumps 'business degree' course It's that vey lack of basic economic understanding that makes him think interfering in a free market with tariffs to fix a STRUCTURAL issues - namely lack of US competitiveness caused by wage inflation and productivity levels per capita that is making the situation worse. Ditto endless money printing by the Fed that he's now trying to interfere in even more by threatening the chairman with removal if he doesn't cut rates to further prop up the US equity bubble - moronic No wonder anti-inflationary plays like gold and crypto are soaring when Fiat currency is a plaything of the global banks.The coming US recession is going to be spectacular