Iqe Share Discussion Threads

[maxwellsdemon] 26/6/2019 20:37

Smartphone features to fuel VCSEL growth, says Yole
0 Comments
June 26, 2019 //By Julien Happich

[suffersnofools] 26/6/2019 18:09

Tbf Tom - random nonsense is a specialism if mine as well.......when I'm not in sixth form :)

[tomduck] 26/6/2019 16:09

Read his history, not much point at all, just random nonsense...;)

[suffersnofools] 26/6/2019 15:10

.....and the point is?

[bocase] 26/6/2019 13:02

Some good news for chip makers

[suffersnofools] 26/6/2019 12:11

73p should be an achievable upside target from here assuming previous support is now resistance on the weekly. Also coincides with 21 day EMA. Support now around 47.5

[thereptile] 26/6/2019 11:38

Almost worth suffering the fall to enjoy the recovery. Almost

[pal44] 26/6/2019 11:01

5G will be mega big even India and China will get it imagine how many chips that will require ?

[tomduck] 26/6/2019 09:49

sf5 - For sure the iPhone 11 (2019) or whatever they call it, will be a minor upgrade to the current phone, apart from the triple camera array. That will drive some upgrades, but it won't be until the 5G Apple phone makes an appearance in Sept 2020 (likely) that the form factor / 5G connectivity hit...those are the big upgrade drivers. That will be the year when 5G phones start to appear en mass (from all manufacturers) and so we will get the double whammy of hardware and infrastructure...5G will be the driver in so many ways, and that is what we are now betting on. The upgrade path could last 5-10 years think how long it took the world to saturate with smart phones in the last mega cycle! IF the Trump wars stop then that of course will be another possible driver, but I would imagine the large holders are now holding for that 5G sales ramp because they suspect at the very least the share price will be a good deal higher than here. All this stuff is cyclical and I guess the main lesson here is that many of us are guilty of not taking the multi bag when it was on the table and re-investing at multitudes lower. However now we haven't done so, building further here and making sure we are more attuned to getting out after the initial burst of the 5G cycle in 2021/22+ or so should be the order of the day ;) There is no point crying over spilt milk, now is the time to clear the head and focus ahead and not look behind.

I suspect that we have no idea how things will change in the next 3-5 years but I am sure that 5G will drive so many other things that we cannot clearly see at the moment, perhaps via AR or maybe holographic emojis (think yearsandyears on the BBC) will be THE next thing ;)

One thing I am sure about is that 5G will be massive for technology in general.

[sf5] 26/6/2019 09:30

Yes, many thanks for all the AGM feedback.

Saw this report which confirms devastating hit to NANO from Apple cancellation. It talks again of 3D laser mapping "but the technology will not be ready until 2020 “at the earliest”".
Implication is 2019 iphone11 won' be a blockbuster feature- or sales-wise, but 2020 product may reel back in the punters, if they haven't shifted to Android meanwhile.

[jamesrowe] 26/6/2019 08:41

From the AGM RNS published this morning it appears that there was a big vote against the adoption of the Long Term Incentives Plan that almost caused it to get voted down.

[suffersnofools] 26/6/2019 08:21

Thanks for the AGM feedback - encouraging.

[tomduck] 26/6/2019 08:13

That’s right boboty, prudent to take such a course and IQE are not as exposed to Apple as some, we’re not talking IMG levels of Apple exposure!

Talking of IMG, anyone hear how HY is getting on with his new AI project?

[boboty] 26/6/2019 08:00

Once bitten twice shy - it seems that the America first policy and the selfish way Apple deal with their suppliers "screw you if we can" gives good reason for iqe to tilt towards Asia.

[bocase] 26/6/2019 07:47

Micron jump 9% after hours on earnings beat and resume shipments to Huawei - might help sentiment this morning

[tomduck] 25/6/2019 23:15

Yep it does. Thanks 👍

[cotswoldsparky] 25/6/2019 23:11

Undecided, a tough question to answer, TD. Been to a few AGMs and Investor days, always come away feeling positive, after all no company will say "we're up sh!t creek, run for the lifeboats" at one of these days. There is clearly potential for the company to make money, can see the 'How', just can't quantify the 'When' if that makes sense.

CS

[tomduck] 25/6/2019 22:04

Thanks CS, post meeting and considering what has happened in the past months, were you more or less in the mood to continue holding?

[cotswoldsparky] 25/6/2019 21:14

I was at the AGM. The supply chain migration is simply in response to the Trump vs. Xi handbags which are going on at the moment and a lot of tech companies are doing similar. They are expanding capacity in Taiwan as it is considered neutral i.e. the 'Switzerland' equivalent in Asia and is less likely to be dragged into any tariff war. I believe they have increased the number of machines in Taiwan from 10(?) to 14 and have the ability to expand to 22 total.

Committee survived some 'robust' questioning of their remuneration plan before the vote. There was also questioning of the need to authorise the creation of additional shares. This is a standard process to allow a company to react to any events between AGMs (such as an acquisition) without the need to call an EGM. They stated, as you might expect, that there are no current plans for any acquisition. Chris Meadows also confirmed that this had been a standard resolution in previous AGMs and the shares approved in 2018 were never created.

Went on the tour, 10 reactors in operation at the new site and no more on order until sales / revenue increases. Disappointing as at the AGM last year they exepcted another 10+ to be installed withing 12-18 months. Asked Chris if IQE knew what TRP's game was but he said they didn't have a clue. Asked if they had any news about Finisar and he reiterated that IQE still had 90% of outsourced VCSEL market. Asked him the size of the outsourced market compared to the in-house 'market' and he didn't really give a straight answer (IMHO). Claimed he wasn't aware of anybody making VCSELs in house, not sure that is correct

Enjoyed meeting fellow investors again, maybe there will be more next year...

CS

[bocase] 25/6/2019 20:54

Maybe a takeover bid will come from the east too...but not just yet we hope.

[dockenfieldman] 25/6/2019 20:42

My take from the agm today was that TP indicates that there was more than a tip of the balance between Asia and the US - there is now an Asian preference and whatever happens from the latest Trump trade wars, IQE are now looking East rather than West.

[1cousins] 25/6/2019 20:31

Did anyone ask about a takeover..... yes and the answer was the obvious its down to the share holders to decide at the end of the day but they didn't expect that at this stage.

[tomduck] 25/6/2019 19:03

What would you expect them to say mhassanriaz...?

[mhassanriaz] 25/6/2019 19:01

Did anyone ask about possible Takeover or merger offers at the AGM.