Iqe Share Discussion Threads

[bulltradept] 10/4/2024 07:57

Profit I want to see profit.

Oh wait....

[dpmcq] 10/4/2024 07:55

Filtered a few myself Tomduck

Results as expected from previous update. green shoots of recovery, the USA plant looks to be moving in the right direction with orders.

[tomduck] 10/4/2024 07:45

Disappointingly cautious forward statement and a whole host of filtering to be done here since my last visit! My 2027 prediction is for £200-225m, which is nowhere near 3x but should see the share price back in the 50-60p territory at least.

[z1co] 10/4/2024 07:29

It's so apparent quite a few here are still SHORT including LongTallSally.

Trading during Q1 has been in line with the Board's expectations and the order book for the remainder of H1 is strengthening. We expect to see this improvement continue through 2024, despite persisting uncertainties in the global economy.

[cerrito] 10/4/2024 07:28

I note that for this year they are talking about adjusted EBITDA of £11m to £16m which is low compared to £10m in H2 2023 and £23m in full year 2022.
Going Concern statement reassuring which is what I would expect after the equity fund raise and restructuring of HSBC deal.

[scrawny dawny] 10/4/2024 07:24

Flat and un-inspiring ? Then you remember that this is supposed to be a growth company and underwhelming is probably a more apt description !

[crosswires] 10/4/2024 07:21

Not much to see here with regards to a major revenue turnaround by 2027, or as LTS says even getting back to our past record revenue year (£178m in 2020).

As I imagined it to be and on the plus side no extra bad news. £200m + revenue seems some way off, but is more realistic than the 3x malarky.

Perhaps Americo phrase should be “slowly slowly catchy monkey” instead of 3x, but at least it’s a step in the right direction. I will probably not buy again unless I see some insiders buying again, as they may be a better indicator of internal enthusiasm than enthusiastic PIs going forward.

[hammerd2] 10/4/2024 07:20

25% YoY growth (analyst forecast 2023-2024 revenue increase) gets £280m rev by 2027 (taking midpoint of 2024 forecasts. 3 x 2023 rev is £345m.

As you’d expect any strong growth to be weighted to the back end after investment and customer engagements it’s eminently doable if milestones are met.

Main thing is steady messaging, should calm rather than excite the waters.

[guildedge] 10/4/2024 07:19

So figures on Barclay broker site for once are spit on. Q1 as expected in line with expectations. Not had a chance to read fully.

[alotto] 10/4/2024 07:14

Not sure how to read the TU today

[longtallsally] 10/4/2024 07:10

The FT forecast of £133.7m to £153.7m does not bode well for this major turnaround and 3x revenue by 2027 prediction! I read nothing that would point to even getting past £200m revenue let alone £400m! The rest of the earnings reads and uses the same phrases as pretty much all IQE reports, nothing more exciting to see here sadly.. This mornings extra RNS is another expansion of existing and sadly not a new large customer order.

None of which is a surprise to me, exactly as I expected. No doubt our new AI poster will repost what we can already read and vote himself up several times but I shan’t be reading so wish you all luck with him/her/it 😉😂

[z1co] 10/4/2024 07:06

Finally there is some hope for a lot of long term sufferers on this forum.

Current trading and outlook

There are increasingly positive signs that the global semiconductor industry is recovering from what has been an unprecedented cyclical downturn in terms of both its extent and duration. IQE saw recovery in H2 2023 which has continued into Q1 2024, with inventory levels beginning to normalise and customer demand recovering.

Trading during Q1 has been in line with the Board's expectations and the order book for the remainder of H1 is strengthening. We expect to see this improvement continue through 2024, despite persisting uncertainties in the global economy.

[z1co] 09/4/2024 22:36

Quoinit

Why don't you ask your mama about me.

She knows me very well.

[tradertrev] 09/4/2024 22:28

I think z1co must have gone to bed. Anyway, he's filtered now.

[quoinit] 09/4/2024 20:56

Z1CO, on a personal note, are you by any chance related to Donald Trump?

[mw16] 09/4/2024 20:11

These bad boys have a history of plunging post results. Let's see if they can break the trend tomorrow.?

[votiem] 09/4/2024 18:45

Dear Fellow Holders. Good luck for tomorrow. I'm fortunate in that my average price is 21.35p. IQE does have hard-nosed executives in charge who are able to count. Partnerships are in place to take advantage of opportunities as and when they arise. I will hold for the long term. If the share price reaches only 43p in the next couple of years I'll be very happy to cash in and double my money.
As for the vitriolic and hateful posts we've seen recently may I request they stop? Thank you.