Iqe Share Discussion Threads

[longtallsally] 13/11/2024 21:13

Micro LED mass market is still a long way off sadly

[hutchmeister] 13/11/2024 21:07

I think all we can do is rely on the FACTS that are known to us, anything material legally has to be reported, so on that basis since Americo's departure ; 1) The Chairman stated that they continue to navigate the recovery and remain confident around long term growth. 2) Jutta-Meier, our interim CEO, has since stated the continued plan to "invest and expand" their footprint in Greensboro and are clearly making progress with the funding through the Chips act. Anything and everything else is pure conjecture.

[smorales] 13/11/2024 19:23

Tomduck - as Drew Nelson retired as a Director in June, and now just provides consultancy, I don't think there's any requirement to announce changes to his shareholding.

He'll probably roll over the loan, but we may never know.

[boboty] 13/11/2024 18:03

Rina Pal-Goetz joined end of January this year. What was Lemnos up to - it's beginning to feel criminal

[longtallsally] 13/11/2024 18:02

Almost like they were joining to sniff around in their particular areas of expertise for GF… Been found out?

[boboty] 13/11/2024 18:01

Sorry he joined June last year

[boboty] 13/11/2024 17:58

Peter only joined at the end of June this year from Global Foundaries - only in the job a few months. GF crops up a lot - perhaps a loyalty issue. If

[longtallsally] 13/11/2024 17:44

Cost cuttings and also perhaps if Chips act secured then Americos “travelling companion” (ahem) was no longer required?

Either way the CFO and acting CEO Jutta Meier needs to pull her finger out, she’s highly experienced so should understand the need to calm the markets

[mw16] 13/11/2024 17:43

Sure you are sitting beside cross wires and lord loads, they are your work colleagues. just ask cross if he has me muted. Jeez, all the pretence.

[smorales] 13/11/2024 17:38

I agree that the tone of Lemos's departure RNS was extremely odd - even Tim Pullen received a 'thank you' for his service. If current trading was significantly below forecast the company would surely have been required to publish a profit warning, so I'm inclined to think there was either major disagreement about the future pathway, or as LLOL says - some sort of impropriety.

Anyway, to add fuel to the fire of speculation, it does seem there have been other staff changes in addition to the CEO. Peter Rabbeni (Senior VP of Communications Infrastructure and Security), Rina Pal-Goetzen (VP of Government Affairs) and William Chin (Chief People Officer) are all no longer listed on the Executive Leadership Team page on the website.

Photos on LinkedIn from just a few weeks ago show Rina Pal-Goetzen and Lemos travelling on business in Spain, so she was obviously still involved then.

If these people are no longer with the company, it's hard to know whether they left at exactly the same time as Lemos as no announcement would be required. A LinkedIn comment from an employee named Craig Davies, over a week ago, describes Pal-Goetzen as having left the company, so if it wasn't the same day as Lemos, it would have been very close.

Key staff such as Rodney Pelzel, Mark Furlong and Tom Dale have taken on new 'Interim' roles in addition to their current jobs.

[longtallsally] 13/11/2024 17:22

Yes of course Bbonsall.

I would say it’s a racing certainty that IQE will have to issue some kind of calming RNS this week if this carries on because there are ii’s with huge holdings who will be asking them to do so…

This is now clearly being manipulated.

[bbonsall] 13/11/2024 16:56

If there was anything known by the Board that would materially affect the share price haven’t they got a legal duty to reveal it?
If so could no news be good news?

[crosswires] 13/11/2024 16:34

I go away tomorrow and there is almost always something meaningful that happens to my finances when i’m away both good and bad.

I therefore predict an RNS in the next 6 working days, let’s hope it’s not the final nail in the IQE coffin!

[longtallsally] 13/11/2024 16:22

You say they are not morons Tom but if you look back at their past 6 years, since the unfortunate passing of their CEO PR, and grade the board it would be M for morons.

Supposedly crammed full of highly respected people from the tech and business world, none of them underpaid, what are they doing for their moolah?

What a disaster this company has been for most investors and really the only thing any of us can do is laugh at them and ourselves with black humour.

[simonsmithiv] 13/11/2024 16:05

Obviously a large seller/shorter forcing it down. Can buy well below the offer all day. I'm sure there are some dark forces at work, jumping on anything with suspect news such as WG. forcing them down and making retail punters panic by creating the doom loop as mentioned above. We are mere plebs in the system, just here to line their pockets, borrowed shares and retail psychology is enough to make it happen. Aimho.

[tomduck] 13/11/2024 16:02

The last update for Drew Nelson was he had to buy back 13m shares at 43p, by August 24. So he has either done that or extended, probably former otherwise there would be an update to market.

20 year low, wow.

If the company doesn’t get wound up the bounce will be significant.

All the board need to add is “still on target for low end of estimates as last update” otherwise market will assume due to ALs swift departure something more worrying.

They surely must know this, because they are not morons…

[dpmcq] 13/11/2024 15:58

It is usually normal when a Companies share price has take a large percentage move to get the obligatory RNS -

The company notes the recent share price movement and is not aware of any material reason.......

If this really is the case then the board should do it sooner rather than later as the seller or sellers exiting at any cost and the lack of any real buyers, is causing a viscous circle that has destroyed the share price and the companies market capital price along with it.
If this is not forthcoming I really expect the next RNS to be not pleasant. To sack a CEO with ii on the board for me is very telling.

[simonsmithiv] 13/11/2024 15:46

Madness. Can only assume the bounce will be huge when sanity approaches anything normal.

[longtallsally] 13/11/2024 15:34

Fuji, it shows how far investor patience has fallen. Is it time they admit they can’t run the ship and sell up?

Drews Nelson must be really under water on his sale and buy back arrangement!

[fuji99] 13/11/2024 15:22

The share price is now at 2004 levels or at 20 year low.

[lord loads of lolly] 13/11/2024 14:26

crosswires - if I had more time (and lived closer), I'd be camping outside IQE's HQ, politely intercepting employees to ask them what they know. Someone (possibly with a grudge) would be bound to spill the beans.

As it is, I'll just have to continue scouring IQE's entries on Glassdoor in case anything revealing comes to light.

[longtallsally] 13/11/2024 14:26

I’m not used to everyone agreeing with me, stop it 😂

I agree that fear has taken over and it explains the 10p share price Will those who are fearful be proved right or like the other times the share price has tanked will it recover.

[crosswires] 13/11/2024 14:13

James IQE still had £23m left to use on the revolving credit facility in April, and only need to get through to H2 next year for the Taiwan IPO. I don’t believe that’s an issue as either bank or large institutional investors (via another raise) would intervene before that as it’s in their interest. Share price on the back of even a modestly successful IPO next year will obviously value IQE significantly higher than here.

Fear is a powerful driver of share prices on the way down just as over exuberance can be on the way up.

I don’t believe we will ever know why Americo left, these things stay private on matter of principle and legality.

LTS, I haven’t filtered anyone for a while so must have filtered whoever you refer to a while ago. People will believe whatever they want to, of zero interest to me either way, and yes over £200k down on paper but I feel the end game will be different. As I have said before if I lose it all it will be frustrating and obviously isn’t ideal but fortunately it won’t impact my life.