Iqe Share Discussion Threads

[tomduck] 25/6/2019 18:57

Correct Lords L

[lord loads of lolly] 25/6/2019 18:45

I wasn't at the AGM, so am guessing. But I'd have thought they'd still want dual Asian & US supply channels (as now), to mitigate any trade war escalation. Maybe just looking to tip the balance more towards Asia?

[1mthead] 25/6/2019 17:14

Dockenfieldman
Thanks for the update, did they say if the transition from US to Asia means the eventual replacement of Apple, Skyworks, Macom etc? That would be a major upheaval.

[adventurous] 25/6/2019 17:07

21 June - BlackRock 0.60% down to 0.42% only 1.4m

I expected to see a larger reduction, from one or two others, especially considering the share price virtually hit net asset value last Friday.

[bocase] 25/6/2019 15:48

Yes thanks Dockenfield. Certainly re-assuring

[jamesrowe] 25/6/2019 15:21

Thank-you for the update Dockenfieldman. Much appreciated.

[regasclockwork] 25/6/2019 14:38

Thanks for that Dock. I like your starter, "There was plenty of charm by the directors". No surprise there. Obviously good to hear that the additional 295m shares will be used, if needed, to increase the HSBC credit facility. I guess this means that they don't disagree with Edison who predict that by year end the bank 'balance' could be minus £14m+, rather than the previous estimated plus of £100,000?

I would think a huge overdraft would go down better or be more acceptable than another placing which would dilute the share price?

Also, "TP expects growth to mean IQE will be positive cash generating but no timetable was given". Not giving a 'timetable' is a wise move - saves further possible disappointment.

Finally, I had to chuckle at the "There is no plans to leave AIM". I think the share price has put a stop to that?

Thank again Dock for the early feedback - much appreciated.

[pal44] 25/6/2019 13:35

Thank you for AGM update Docken really good to know that they wont be raising more funds and improve cash generation .

[dr_smith] 25/6/2019 13:27

Thank-you Dockenfieldman, a dull day, so time elsewhere not wasted. ;-)
>Also there are no plans for another fund raising
Really good to hear.
I guess we'll all be pleased at that, we don't want Jonny come latelys coming in on the cheap to nick the rewards we LTH's have been waiting a loooooong time for.

Dave

[mhassanriaz] 25/6/2019 13:11

Thank you for the update Docken. We might see some consolidation. I am interested in Oppenheimer because they are Bullish on Trade war resolution this week. We might see them adding if things go well.

[picobird] 25/6/2019 13:07

Dockenfieldman... thanks for that summary, it puts our minds to rest & going Asian is the sensible choice.

[dockenfieldman] 25/6/2019 12:57

There was plenty of charm by the directors and a positive presentation from Drew Nelson. T Pullen provided a explanation of Friday’s news and the take away is that IQE are transitioning from a US to an Asian supply line. Also there are no plans for another fund raising but to increase the HSBC credit facility (not because it’s needed but just prudence reasons)TP expects growth to mean IQE will be positive cash generating but no timetable was given. There is also no plans to leave AIM but will consider if growth determines . Recruitment for an investor relations persons is ongoing but no appointment is close.

[rem108] 25/6/2019 12:54

wonder if they have added/will add more?

[tomduck] 25/6/2019 11:34

A damp squib but plenty of attention from the board per attendee then 😉

[regasclockwork] 25/6/2019 11:28

ONLY 22? that's just 60% down from last year's sixty. And, well up from the six which had declared that they would be attending.

The share price is holding up well, so maybe the directors have already 'turned-on-the-charm' and said, "As we've indicated several times in the past, all the bad news is now firmly behind us and from here on in, the only way is up!".

[diplomat65] 25/6/2019 11:04

Only 22 attendees at AGM this morning.

[tomduck] 25/6/2019 10:31

Suspect is X rated so no stream 😉

[mhassanriaz] 25/6/2019 10:20

Is there a link to AGM ? to see online

[tomduck] 25/6/2019 08:51

Enjoy the AGM attendees...hopefully some clarity on issuing more shares and the top brass bonus’, given the market these are tricky issues right now...

[adventurous] 25/6/2019 07:50

"lower revenues off higher fixed costs sadly mean only one thing". - It certainly does, exactly as they have told us - profit substantially lower than forecast. Edison estimate fy19 profit of £4.5m.

However moving forward, as the VSCEL sales escalate so does the GP, by quite a significant amount.

[regasclockwork] 25/6/2019 00:42

The BOD will be pleased to read on here that a high percentage of 'gamblers' blame Trump for IQE's share price collapse rather than it being due to their own shenanigans. LOL!

[swiss paul] 24/6/2019 19:41

The BOD in this co have carried out some shennagians in the past relating to shares.

[1mthead] 24/6/2019 18:30

Can we assume that TRP are not lending any more shares out and may have even called loans back in. I don't think they are entirely blameless in all of this as they enabled the massive short position in the first place.

One of the reasons I bottled it is because I fully expected the shorters to have another go if they can get their hands on some more shares on loan.

[regasclockwork] 24/6/2019 17:57

Also from the Edison update on estimates for 2019: PBT £5.4m [2018: £14m], EPS 0.52p [2018: 1.38p], P/E 103.6 [2018: 39] and of course [already mentioned], Net cash/[debt] at Dec.2018 +£20.8m and 2019 [-£14.7m].

Not a pretty sight. Just out of interest, IQE pay Edison £49,500 including quarterly updates per annum for the report. Fee to be paid in advance. I can only guess that some companies may have not liked what Edison came up with [sometimes the truth hurts] and refused to pay for it?

[tomduck] 24/6/2019 17:17

Yep this yr doesn’t look good hence where the share price has fallen to, following years could look pretty good in comparison, I very much doubt the need for IQE’ products will halt from this year on into eternity...it’s clear (to me) where technology is heading.