Iqe Share Discussion Threads

[lord loads of lolly] 18/11/2024 08:53

IQE has never had good earnings visibility. But you now have to question whether Lemos’ most recent guidance was deliberately misleading rather than just poor forecasting.

As for sweenoid’s alleged private bromance meeting with Americo, I’m not convinced that ever happened. And if it did, either Lemos is highly skilled in pulling the wool over people’s eyes or sweenoid’s extremely gullible. Quite possibly both.

If a company can’t see beyond the end of its nose, how can it ever plan? Or even know whether it’ll remain viable down the line?

The only ray of hope here is that Lombard Odius have recently added, as well as attaching a 15p share buyback option to their convertible loan.

Meanwhile, can anyone offer sweenoid a lift to the next AGM, now his fleet of luxury cars has been repossessed?

[hutchmeister] 18/11/2024 08:27

Market clearly does not like the fact that IQE's board expectations have been so badly wrong this year and that they are so widely off the mark! Now we know why Americo went.

[lammergeier] 18/11/2024 08:26

Lombard increased their holding by 4million shares to 145 million about a week ago,and

they are willing to buy a stake at 15p.So you can bet your bottom dollar that the

takeout is a lot higher .In any event this will hopefully attract a bidder maybe

sooner than later

[longtallsally] 18/11/2024 08:20

I did say i thought they may fail to hit low end of estimates. At least that elephant is now dealt with.

[bulltradept] 18/11/2024 08:15

Or, their is..

[american idiot] 18/11/2024 07:56

So...now we have...

Revenue for the Full Year 2024 is expected to be broadly flat year-on-year, resulting in around £115m.

Versus at 10th September Interims...

Revenue for the period was £66.0m

Which means H2 revenue of around £49m

..........

The scary bit is this (Taken from those interims again)

IQE delivered an improved performance in H1 and year-on-year growth is expected in both revenue and adjusted EBITDA for FY 2024. With some markets remaining in recovery in H2 2024, performance is expected to be at the lower end of the range of analyst forecasts for the full year1.

1. The analyst range of expectations for FY 2024 revenue are from £130.0m to £153.7m and for adjusted EBITDA from £11.1m to £16.6m.

.......

So, revenues have clearly been in freefall since 10th September interims....

Probably explains the Lemon leaving.

What a dire situation IQE find themselves in.

[guildedge] 18/11/2024 07:50

GAN won't save IQE. 49m revenue for H2. That is worse than before.Revenue slashed by 19m for full year. Good luck seeing 12p here. Is it even worth 10p?

[dpmcq] 18/11/2024 07:34

There was an elephant in the room and now we have our 10p share price answer and possible why AL was sacked.
My feelings with the proposed financing is that IQE will be sold lock stock and barrel and us PI's will end up with not a great deal.

[hutchmeister] 18/11/2024 07:33

"The Board believes there is significant value in IQE that is not currently reflected in its market capitalisation. " - well at least this will remove some of the theories around IQEs financial position and trading.

[46maxon] 18/11/2024 07:27

If the outstanding Tower case is successful what does that provide for Iqe.
I did read we have a substantial IP which value could be valuble.

[a13878713] 18/11/2024 07:18

Cardiff, UK18 November 2024This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Trading Update, Strategic Review and Proposed Financing IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, provides a trading update for the year ending 31 December 2024.Revenue for the Full Year 2024 is expected to be broadly flat year-on-year, resulting in around £115m. In line with the rest of the industry, we are continuing to see a slower than anticipated recovery in key sectors driven by weak consumer demand in end markets. The group expects this to result in an Adjusted EBITDA of at least £5m.Strategic ReviewThe Board remains confident in IQE's long-term prospects because of the Group's leading position in providing advanced compound semiconductors across several market verticals and to a base of global marque customers. The Board believes there is significant value in IQE that is not currently reflected in its market capitalisation. Consequently, IQE announces today that it will be conducting a comprehensive strategic review of its asset base to ensure that it has a strong capital position to further invest in its core operations (the "Strategic Review"). The Board believes there is a significant market opportunity in IQE's core operations and remains focused on reducing its cost structure for profitable growth, servicing its customers and maximising value for shareholders.In the first instance, IQE will broaden its options in relation to the proposed IPO of its Taiwan operations to include all strategic options, including a full sale. The Board has retained Lazard to advise on the Strategic Review. The Strategic Review will be overseen by IQE's Board of Directors, with input from key stakeholders.Proposed FinancingThe Group is in the process of negotiating a proposal from Lombard Odier, its largest shareholder, regarding short-term financing to help IQE navigate the ongoing market softness. Lombard Odier's willingness to extend up to c.£15 million via a convertible loan note with a conversion price of 15p per share (the "Proposed Financing") is a strong demonstration of Lombard Odier's confidence in the embedded value within the Group. The Group intends to consult with its other major shareholders regarding the Proposed Financing following this announcement.The Group also continues to have a constructive dialogue with HSBC, and the Directors do not foresee the need to raise further equity should these ongoing discussions progress as expected.Mark Cubitt, Executive Chair of IQE, commented:"The impact of the slow pace of recovery in the semiconductor industry can be seen across the sector and is reflected in our revenue expectations for FY24. Looking ahead, the strategic review, including the broader assessment of options for our Taiwan operations, will ensure we have a strong capital base to continue investing in our core business and support IQE's long-term strategy. We remain committed to delivering maximum value for our shareholders and serving our customers. We are confident in IQE's long-term prospects and inherent value.

[davemac3] 18/11/2024 07:05

Looks like it might be a while before any recovery

[dickiebird2] 17/11/2024 12:19

You pay your money, you take your chances!

[alotto] 17/11/2024 07:31

Lemos left no stone unturned. He had lots of connections in the industry. The market is not ready for IQE compound semiconductors. What can a new CEO do more than Lemos did? The strategy of chasing cash to keep solvent can't last forever.
I wouldn't touch until there are clear signs of turnaround.

[lpavlou] 17/11/2024 00:34

IQE acquired the remaining 10percent of its Taiwan Company in 2020 for £3m. 5percent was acquired in cash and the other 5percent took IQE shares instead at 55p.Floating Taiwan will mean their figures will be taken out of IQE's numbers, so what would that mean, probably even more losses

[longtallsally] 16/11/2024 11:07

So we wait for the Taiwan IPO and hope they get it over the line before cash runs out!

[tradertrev] 16/11/2024 10:52

The market cap needs to be at least 4x bigger before they would get any attention in the US. In NASDAQ terms they are currently a nanocap!

[longtallsally] 16/11/2024 10:50

Good point Jim 👍

[jimboyce] 15/11/2024 22:42

They would have to have a massive share consolidation to make a US listing work.

[gavbro0] 15/11/2024 19:28

Definitely LTS and Pico,NASDAQ way more receptive and dynamic in my awesome and vast knowledge of these things. Hell, might even see my account back in black which would be quite nice after the last seven odd years.