Share Name Share Symbol Market Type Share ISIN Share Description
Iqe Plc LSE:IQE London Ordinary Share GB0009619924 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.96 -2.4% 39.04 1,705,705 16:35:02
Bid Price Offer Price High Price Low Price Open Price
39.14 39.74 41.42 39.20 40.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 156.29 6.75 0.13 300.3 311
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:02 UT 63,181 39.04 GBX

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Iqe Daily Update: Iqe Plc is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker IQE. The last closing price for Iqe was 40p.
Iqe Plc has a 4 week average price of 34.38p and a 12 week average price of 18.86p.
The 1 year high share price is 80p while the 1 year low share price is currently 18.86p.
There are currently 796,353,479 shares in issue and the average daily traded volume is 1,745,494 shares. The market capitalisation of Iqe Plc is £315,037,436.29.
provonar: Found a couple of articles from what looks like quite a nice blog on all things opto-electronics, which some here may be interested in: hTtps:// There are some points in this one on VCSEL production for datacoms concerning Sumitomo, II-VI and Lumentum (although, as ever, it's opaque whether IQE is involved - as far as Lumentum's latest market update goes, I think they produce all their datacoms VCSELs in-house and out-source to IQE for the sensor VCSELs). hTtps:// Some history on the Finisar takeover by II-VI. If it is really correct that the Sherman, TX plant was seen as the big prize, then the fact that the plant is up and running now will be a big factor in why the IQE share price is suppressed at the moment. There's zero visibility into how much of IQE's lunch II-VI are currently eating. As pointed out frequently, it is hoped that the expansion of the market and increase in specific VCSEL applications will protect enough of IQE's production - but time will tell and I'm sure it's a big risk factor for most large buyers. hTtps:// And some more old history about the over-supply glut to Lumentum from IQE from the original production ramp in 2017. Amazing to think that this was caused by one engineer's miscalculation in throughput meaning that they'd over-bought from IQE and this only became crystal clear to us investors with the Nov 2018 IQE announcement. With IQE's 6" yield allegedly doing well, this will still make them attractive to the Tier 1 manufacturer's. Roll on 8" in the not-to-distant future ... But overall, it's a sobering picture of the market. VCSEL use in datacoms is constrained by low margins caused by the over-bearing power of the data centres (which also impacts other CS use for datacoms); volume automotive applications are still some time off; and global over-supply for the VCSEL sensor market is clearly holding IQE back. However, the market is still growing, new applications are maturing and the ramp for Q3/4 this year looks like it's still well in place. I expect us to be in the doldrums until at least October, but then we should be able to look forward to more steady growth with better experience of supply-side problems.
aphrodites: JamesRowe & Riostroy If you look back at my post at 7:32am yesterday morning this is exactly what I predicted might have happened with the deliberate messy selling in the market. Coltrane still wants to reduce its position but there is very little selling in the market to allow it to do so! The IQE share price has stood up very well to the first attempt to knock it. ALL TOO OBVIOUS AND PREDICTABLE COLTRANE!!!!!!
aphrodites: The Lumentum revenue and EPS comments are just the tip of an iceberg which, as opposed to any melt-down news, everyone knows beyond doubt now that with the significant developments in 3D sensing, AR and VR, the associated markets are increasing massively in size. This is a market which has a long, long way to go! Of course, the coronavirus is worrying and the next few months will undoubtably affect sales and distribution. But come early summer all will be back on track and the virus will be well behind us. In normal circumstances one would have expected the IQE share price to have received a knock but the shorters are not stupid. Against this background, they want to close their shorts and if they cannot buy stock down here when stock markets have been on the slide what price will they have to pay to close an 8% short in positive market conditions? And as the realisation in the market that IQE shares are dirt cheap the shorts will have to compete with others who want to buy for their portfolios. I posted on 21 January: " In my opinion the Board has been deeply angered by the ongoing criticism and especially the “shorting̶1; games played in the market. There comes a time when a lesson needs to be taught to all who have been involved in the undermining IQE’s share price. The Board has more than likely decided to remain silent but will allow well informed reports like that of Edison, containing snippets of carefully edited information, to be released to the market. One ignores them to one’s peril and the Board cannot be accused of withholding share sensitive information. This is why, I have an inkling we will all be pleasantly surprised when the numbers are eventually published,and they will speak for themselves. And the Board will ensure its accompanying message is clear and reverberating to all in the market. OUR WELL-PLANNED STRATEGY IS NOW STARTING TO DELIVER!" Lumentum’s comments today leave me in no doubt that we should be prepared for an upbeat message from the IQE Board shortly and the share price has a long way to go upwards in 2020.
paraone: Tsmc have posted 4th quarter earnings up 14.8percent on opening in the US , as you suspected slight recovery in Iqe share price could possibly go green by close of business
diplomat65: If you ask me, other than being sensitive to the position their major investors (the likes of T Rowe Price for example) find themselves in, I don’t think the BOD are that concerned about private investors like us, who they regard as gamblers betting on the IQE share price for personal gain. Issuing trading updates via an RNS would give us some peace of mind but I do wonder if private conversations to this effect do take place between the Company and their major investors but behind the scenes.
lovewinshatelosses: 'With the current IQE share price notably higher than over the period 2009-2016' LOL, even in the perhaps technically correct context of the full RNS. I am glad to see some of the big holders are taking a stand here. The whole tone of the RNS strikes me as arrogant and dismissive - as they could be justified in being, had 2018 and 2019 been entirely different (and by different, I mean satisfactory). Oh well, happy Xmas all and lets see if this company can reward its loyal investors in 2020. I for one certainly hope so!
dockenfieldman: While it may be disappointing that IQE may not have won this particular order, the manufacturing of wafers over the next few years should be sufficiently large enough to ensure all players improve their revenues and profits which should enhance the IQE share price over the medium to long term. IQE have invested for the future and should provide all patient shareholders with the investment potential they have bought into. The pie should be big enough for us all.
aphrodites: Let’s post the whole of today’s RNS. Cardiff, UK 18 November 2019: IQE plc (AIM: IQE) the leading supplier of advanced wafer products and material solutions to the semiconductor industry, announces the following trading update for the full year ended 31 December 2019. IQE now expects to deliver revenue of between £136m and £142m, compared to the previous guidance range of £140m to £160m, including a forex tailwind of circa £3m. A mid-single digit adjusted operating loss is now expected resulting from revenues being slightly below the previous guidance range, additional one-off commissioning costs at the new foundry in Newport, general diseconomies of scale associated with operating at low volume in some sites and the inclusion of losses for the Singapore CSDC entity as announced in October. In Photonics, consistently strong 3D sensing volumes with the Company’s largest Vertical Cavity Surface Emitting Laser (VCSEL) customer have been achieved in H2 2019, underlining IQE’s lead position for epi-wafers in this supply chain. The Company continues to make good progress on a significant number of Android-related supply chains including two recently announced production qualifications. The market for Indium Phosphide lasers for datacom / telecom has remained weak but with signs of growth for 2020, particularly in Asian markets. In Wireless, there have been continued low volumes of orders and reductions in inventory by our major RF chip customers in the US, offset to a limited extent by a promising increase in production for Asian supply chains. IQE has qualified 3 tools, with 2 further tools in the process of qualifying, with a major Taiwanese foundry. The Company continues to make good progress on new product development in the areas of RF Filters and Switches for 5G. Since June, the Company has taken steps to reduce costs and capital expenditure as the infrastructure phase of capacity expansion has been completed. Capex will be towards the bottom end of the previous guidance of £30-40m and the net debt position at year end is expected to be between £15m to £20m, against increased debt facilities of £57m announced in June. The outlook for 2020 includes a seasonally weak Q1 and continued supply chain transitions in the wireless market. Beyond Q1 2020, IQE is cautiously optimistic about a return to growth, driven by expected content gains in an expanding market for 3D sensing, demand for GaN to meet accelerating 5G infrastructure deployments and expanding Asian market opportunities for both Photonics and Wireless products as supply chains continue to localise. Taking all of the above into account, the Company expects total revenue will return to moderate growth in 2020. Dr Drew Nelson, Chief Executive Officer of IQE, said: “IQE has experienced very challenging market conditions in 2019. Shortfalls in revenue relate predominantly to two major customers, with whom IQE is confident it has not lost share and who remain very well positioned for returns to growth in 2020. Indeed, the Company remains well positioned to capitalise on an expanding future compound semiconductor market opportunity driven by the macro trends of 5G and connected devices. In order to fully realise this opportunity, the recently announced Executive Management Board is already making good progress in driving the Company’s approach to increasing profitability, with specific responsibilities assigned for programs on operational execution, new technology introduction, revenue expansion through customer proximity and diversification, and strong cost management.” IQE will be holding a conference call for Analysts and Institutional Investors at 08:00 London time today. So, we are now looking for a revenue figure for the year at the lower end of the forecast expectations. This is not a total disaster as today’s fall in the share price indicates. But the CEO’s statement does raise a number of major concerns which we would be well advised not to ignore such as: (1) Shortfalls predominantly with its two major customers which Dr. Nelson can only state IQE is confident it has not lost share! Very dangerous to rely upon two major customers. (2) Dr Nelson states these two customers are well positioned for returns to growth in 2020. That is a statement every CEO can only hope will happen and cannot be relied upon. (3) IQE is well positioned to capitalise on an expanding future compound semiconductor market driven by 5G. Of course it is but what happens if the expansion is much slower than anticipated? (4) The Executive Management Board is already making good progress to increasing profitability by ………;. This is an obvious statement which any CEO will make but no more so than when there are worries internally that the company monthly cash burn is accelerating and there are not the profits to support it. The HSBC loan facility will have incorporated within the terms far more stringent requirements than the Board would wish to divulge. And at any sight the business is struggling the bank will tighten the purse strings and IQE will be driven into raising new cash. It is a well-known fact that cash burn always accelerates when a company is struggling and the market starts losing confidence in its trading expectations. So Sweeniod’s confidence in the management is now shattered. So is mine, but I was fortunate to have sold a large proportion of my holding when the share price recently broke 70p. I have today kicked out the rest. The “shorters̶1; are having a field-day with this share price and there is nothing the management can do about it as they have failed miserably to support and meet shareholders expectations. I shall look to buy shares in the low 40p’s but until then, and hopefully before a takeover, I shall sit back and watch its progress with interest. The share price has further to fall in my view.
jimboyce: Why isn't the IQE share price reacting to the Lite results?
mhassanriaz: It did touch 70p for micro seconds. Check on google and you will see high 70p and Low 62.15p. When you type in Iqe share price in google you will see a blue downward arrow click on that on the left hand side you will find quick lows and highs for today.
Iqe share price data is direct from the London Stock Exchange
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