Iqe Share Discussion Threads

[picobird] 20/6/2024 12:29

Anybody who causes price fluctuations like this because of their private shenanigans is obviously going to vacate any position that they have at IQE.

[longtallsally] 20/6/2024 11:44

Colsmith, great if you own Nvidia or have a semi ETF BUT as yet not so great for IQE. We have been here many times before as IQE shareholders, sectors on fire but not IQE so we will need some proof of actual revenue growth for IQE prior to feeling really upbeat about this investment.

[longtallsally] 20/6/2024 11:40

Thanks for the vote down ;)
Ps I met you at an event about 5/6 years ago, you were very “handsy” I seem to remember.

[colsmith] 20/6/2024 11:30

NVIDIA more valuable than Apple!
As AI seems to be a voracious eater of energy and NVIDAI semis are the basis of AI currently its maybe reasonable to ask if stuff from IQE should be dragged into the party as lower energy needed for their compounds.

------------------------

"Less than two weeks after Nvidia jumped Apple in terms of its overall valuation, the GPU maker has now passed Microsoft to stand as the world’s most valuable company based on the chips it makes that are key to powering a boom in generative AI technology."

[smorales] 20/6/2024 10:56

In light of Drew's investment in Kubos and new directorship there, - Sweenoid post 4446 - resignation from the IQE board may simply be to avoid any conflicts of interest, with Kubos being a customer of CSC (now 100% owned by IQE).

Given the Kubos founding team's historical links with IQE and CSC, it's clearly one to watch.

Professor David Wallis is joint chair of Compound Semiconductors at Cardiff University, and Martin Lamb was MD of IQE from 2000 to 2005.

[lord loads of lolly] 20/6/2024 09:20

lpavlou - assuming Admiral Nelson hasn't been splashing the cash unduly or betting it all on the gee gees, he should be OK if my interpretation of this transaction is correct.

According to the 2 June 2023 RNS:

"THE PRICE AT WHICH HE HAS SOLD (my caps) and is required to repurchase the EFH Sale Shares remains 43.96 pence per share. All other terms under the Agreement, as disclosed on 6 August 2019, remain unchanged."

In other words, he was betting on the share price being above 43.96p by 5 August 2024. And he sold a sizeable chunk of his shareholding to EFH on this basis.

Sadly (but not altogether surprisingly, given Drew's - ahem - financial nous), this looks like a bet that won't pay out. But as he also sold his stake to them at 43.96p, he'll just be paying back what they originally paid him. And he'll presumably have had the interest on the money in the interim.

[nickwild] 20/6/2024 08:40

Behind a pay wall. What is the just of his podcast on IQE?

[lpavlou] 20/6/2024 07:55

Don't forget that Mr Nelson needs to repurchase 12,821,358 Ordinary Shares from EFH on 5 August 2024 at 43.96 pence per share. Does he have the money to do this or will he need to sell shares ahead of this to be able to buy them back. Now he's not on the board, I doubt we will get an RNS to find out what he does.

[master rsi] 19/6/2024 19:39

29.05p
A nice day and hoping it goes on for a bit longer

[longtallsally] 19/6/2024 14:28

It’s a 2026-27 investment but for those (including me) waiting for factually positive earnings news this year (July & Sept), I suspect we won’t hear it quite yet.

[alotto] 19/6/2024 13:14

Sad for a man who dedicated his career to the business he co-founded to leave without seeing the company turning £1 into tangible profits.
I wonder how the company managed to stay afloat for so long, an investor would like to make some money before dying of old age, unless it is an intergenerational investment

[crosswires] 19/6/2024 09:07

1m sale, let’s hope Drew isn’t selling as well as leaving ;)

[lord loads of lolly] 19/6/2024 08:33

Farewell Admiral Nelson OBE (who knew?!)

The Clive Sinclair of semiconductors. Great inventor. Businessman? Not so much.

Methinks few investors will be shedding any tears.

Still, one less overhead to worry about once your - ahem - consultancy period’s over.

[indiestu] 19/6/2024 07:14

Thank you Drew for all those years of service. I'm sure it made you a very wealthy man. IQE now free to become a proper commercial corporation. Onwards and upwards. ?

[longtallsally] 19/6/2024 07:09

Au revoir Drew 👋

[longtallsally] 18/6/2024 10:10

They ordered two new GaN reactors from them back at the end of ‘22 - early ‘23 , which in theory would be ready to be used in anger around about now…

[robstill] 18/6/2024 08:56

If there were growing orders, would that not translate into orders for more aixtron reactors? Surely the company could make such announcements if that were the case which would give a clue to how much things were ramping up. So, are we to assume the increase in demand is limited and coverable from current reactors. Don't these reactors take 6 months to calibrate and therefore would we not expect to see this change in anticipation of demand 6-12 months down the track?

[lord loads of lolly] 17/6/2024 17:17

crosswires - sadly, it's a common ploy for companies to trot out the old NDA excuse as a smokescreen.

As you say, there'd always be creative ways round this if news were good - e.g. a ballpark sales forecast for each new contract win, even if they can't reveal the party involved.

If sales partners insist on NDAs that preclude revealing any sales figures as well as company names, you have to ask why not just push back? There again, I don't think IQE has had the best sales force to date. So they probably leap at any new win, agreeing to pretty much any terms. Which might also help to explain why the margin's so poor.

[crosswires] 17/6/2024 16:54

I have sent some questions, as I did last time, one got answered last time, but of course what we really want is to see a July TU, because if another 6 months slips by without meaningful revenue growth then one has to ask, how is the world demand for ever more compound semiconductors not adding up to a ramp in IQE revenue and what will be different in 12 months time?

I understand when we ask Americo about contracts and announcements that they hide somewhat behind “NDAs” but perhaps the conclusion is there are no large new contracts to report. Anyways i’m sure they could circumvent NDAs by being a bit wishy washy about where the revenue is coming from…

[alotto] 17/6/2024 16:44

Sally good point. Americo has his skin in the game though. Would love him showing up with more share purchases... If the current share price is in a bargain region

[longtallsally] 17/6/2024 15:22

Q. Why do you think (given the commitment to 3x revenue and 30% margins by 2027) that very few people who work for IQE are buying shares? Does this mean the vision internally is not shared or are they paid poorly so can’t take advantage of the current share price?
A…