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IQE Iqe Plc

30.50
0.70 (2.35%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  0.70 2.35% 30.50 792,070 16:35:18
Bid Price Offer Price High Price Low Price Open Price
30.25 30.40 30.75 29.80 29.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 115.25M -29.38M -0.0305 -9.92 286.63M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:18 UT 112,810 30.50 GBX

Iqe (IQE) Latest News

Iqe (IQE) Discussions and Chat

Iqe Forums and Chat

Date Time Title Posts
26/7/202422:13New CEO, new hope, new start for IQE in 20224,847
26/6/202412:13IQE's time has come - 2017 and beyond!36,725
04/1/202311:05IQE - THE ONLY WAY IS UP!!.64
17/10/202207:50IQE - Time to get back in after results?27
31/5/202211:20IQE - TURNED A CORNER, SET TO RISE29,628

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Iqe (IQE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:1830.50112,81034,407.05UT
2024-07-26 15:29:5130.25278.17AT
2024-07-26 15:29:4930.25298.77AT
2024-07-26 15:29:3530.25309.08AT
2024-07-26 15:29:1330.25319.38AT

Iqe (IQE) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Iqe Daily Update
Iqe Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker IQE. The last closing price for Iqe was 29.80p.
Iqe currently has 961,841,702 shares in issue. The market capitalisation of Iqe is £290,957,115.
Iqe has a price to earnings ratio (PE ratio) of -9.92.
This morning IQE shares opened at 29.80p
Posted at 25/7/2024 22:16 by lord loads of lolly
guildedge - if you re-read my post, you’ll see I said a doubling or tripling of the current share price was only possible & that I wasn’t banking on it.

Not sure how you work out the company’s own estimates for 2027 would only equate to a 70p share price or so. Whilst nobody believes Lemos’ 3x revenue 30%+ GM mantra, he hasn’t disowned it yet. And if you believe that would only lead to a 70p share price, I’d suggest you think again.
Posted at 25/7/2024 21:30 by lord loads of lolly
wingnut707 - the 2017 profit & share price leap largely reflected the increased proportion of (much higher margin) photonics sales.

With the benefit of hindsight, the share price got way ahead of itself, with investors expecting both revenues & margins to continue rising.

Not altogether unreasonable then it seemed, as Admiral Nelson’s 2017 FY outlook statement stated amongst other things “Based on existing products, IQE expects compound annual growth rates (CAGRs) over the next 3-5 years of up to 10% in Wireless, 40-60% in Photonics, and 5-15% in InfraRed, with the potential for higher growth through new product introductions.”;. He also implied another 10 tools were likely to need ordering fairly imminently. Whereas, in reality, he was the one and only real tool.

So the growth never happened. Then Covid came along, further messing with the supply chain & sector stock levels.

As you say, major new customer wins are needed if the share price is ever to rerate significantly. What’s more, those wins really need to be well above the 30% GM level.

I don’t see us returning anywhere near 160p for the foreseeable. But a doubling (even tripling) of the current share price is still possible by 2027 IMHO, even if Americo only gets half way towards his stated revenue target, assuming margins have also significantly improved by then.

I wouldn’t currently bank on this outcome either, which is why I’m holding & hoping at this level. Rather than adding to average down.
Posted at 25/7/2024 20:13 by wingnut707
Tomduck/provonar thanks for your recent updates.had a look at Iqe results for 2017 giving a profit of £24 million from £154million revenue and a share price topping out at 160p . I understand inflation since then will distort the picture.I was wondering tomduck if your prediction for 2027 is £250million revenue would this be enough to make a profit near the figures for 2017.a share price anywhere near 2017 levels would be great.Provonair good to see you predicting a possible increase in GAN devices in 2025.Of course what Iqe really needs is a major deal promising real profits not only for the people who work for Iqe but also long suffering shareholders.Thanking you and holding on.
Posted at 24/7/2024 10:34 by tomduck
I think in hindsight Americo will regret externally saying in 2022 that he was targeting 3x revenue by 2027. He’s now caught between that rock and that hard place. We all know it won’t happen but he can’t say it, so he’s left with simply not achieving it in 2027 which will be a disappointment for many. However I never believed it possible and even 2x would have been a seriously impressive result.

I still believe 2025 will be a record revenue year for IQE, perhaps £180-200m range, then I can see £220-240m in 2026 and £250-280m in 2027. Being very bullish £300-320m is the best I can foresee in his timeframe however in my opinion so long as we are achieving over 20% margins that would still see a major share price re rate at £1+.

However I don’t think it’s realistic with what we are hearing directly from IQE to expect a major share price re rate this year, as I don’t see where the news will come to drive it yet. Clearly IQE are still saying their markets are struggling to fully recover to even get back to 2022 earnings, so it’s better to manage expectations for better news flow into 2025.

Let’s see if we get any clues on September 11th…
Posted at 13/7/2024 10:52 by bbonsall
Assuming there will be some news giving a sniff of increasing sales relating to AI applications there will be a lot of people piling in. There is a lot of hype (justified or otherwise) surrounding AI and even the slightest hint of IQE benefitting will propel the share price rapidly, as happened in 2017 when IQE was first linked with Apple. Therefore my share price prediction is 85p
Posted at 10/7/2024 15:05 by crosswires
Sweenoid, you couldn’t resist ;)

List updated. I reckon anything over £.60p is wildly optimistic for this year BUT i will be incredibly happy to be wrong! I have also told the wife that if IQE gets back to £1 she can retire as my holding is 3x the size it was back in 2017/18, so she’s no doubt going to be checking the IQE share price more than me!
Posted at 27/6/2024 08:35 by crosswires
Neil100

I understand where you’re coming from but the bottom line is nobody on here should pin their hopes or investment on any one poster. We’re all adults and when we’re investing our own money should understand what we’re doing even if the reality for some is “i’m taking a punt because it’s a semi conductor company in the UK and that sector is hot right?”

Sweenoid has no more idea than any of us if IQE will prosper and he has been as wrong as any of us since the peak year of 2016/17. I don’t mean this as a personal slight, it’s just a fact, we have all been wrong.

The sector points to lots of opportunity for IQE to take advantage of however as IQE have a track record of “not making hay” when the sun shines it is far from guaranteed. The reason the share price is 30p is that most investors do not see anything has changed since the last disappointment.

Can Americo with his fantastic industry contacts and understanding turn IQE into a company that shows multi year strong revenue and profit growth? It remains to be seen, place your money but don’t do it due to the enthusiasm of any one poster, especially when they have nothing concrete as evidence to support this.

The signs do appear better than at anytime since 2016 due to what Americo so often refers to as “Mega trends”. GaN and the sheer predicted rise in Compound Semi requirements but again as IQE have been operating on margins that haven’t allowed for profits in the past few years this doesn’t on its own add up to profit coming, or how he can conjure up his 30% profit margin target. There is also hope in Micro LED but I am fairly sure that will be the latter part of this decade before it becomes a very big market.

My advice for anyone who isn’t already invested is to wait to see if there is a July TU or failing that listen to Sept earnings for signs that any of this potential is translating back into current or coming earnings, because I suspect it there isn’t any good news and it’s just another vanilla update there will probably be a better entry point than here.

I remain fully invested but I do accept that IQE is risky and so it could drop 30-40% with the wrong news but could triple with the right news flow. If I wanted to be less risky I’d buy Unilever and Tesco with a dashing of BT etc but that’s not me.

To each their own…
Posted at 17/6/2024 13:38 by sweenoid
FWIW these are the questions I am sending IQE to be answered at the IQE AGM next week.
Like last year I am finding it impossible to get my unique shareholder reference number from Barclays so will watch tge recorded version but i hope ( and expect) they answer my queries.


1 Please can you tell investors whether IQE will hold another CMD this year? The October 2022 CMD was very informative, I think it should be repeated

2 At the Q&A of the earnings report webcast and in answer to the 2nd question from Deutche Numis about IQE’s relationship with AWSC you talked about the diversification strategy relating to customer base and product mix you talked about the success of the partnership with AWSC and the LANSUS ANNOUNCEMENT but you also stated and I quote “There are MANY MORE partnerships in the pipeline” CAN YOU PLEASE EXPAND ON THAT LAST COMMENT and confirm that further as yet unannounced partnerships are still in the pipeline or are signed but not announced?

3 Can you please state the TAM and SAM for the GAN power and Microleds markets that IQE is targeting

4 investors are confused that the CEO continues to state that 5/6G, AI and ML are dependent on compound semiconductors, however we are seeing few announcements that would indicate revenues are increasing, how do you square the circle?

5 what is the biggest opportunity for IQE- is it GANon silicon or GAN on silicon carbide

6 Is IQE still in a working relationship with Bluglass?

7 Given that IQE has to pay Silex (Translucent) $400k every year ( and royalty payments if any are ever generated) relating to the ‘shelved’; cREO technology it was developing in March 2022, has IQE plans to use this technology and license in the future or will it be a perpetual drain on resources?

“IQE says it will retain the technology, capability and IP enabling redeployment if and when appropriate.”

Is it now appropriate if not, will it ever be?



8 Whilst being very supportive of the incentivising senior management and staff can you please explain why the terms of the 2024 LTIP had not been decided by the time that the annual report was published in May? Surely the ‘targets’; to be met in 2024 should be set out early in the year? My concerns are surely obvious without stating them.

S
Posted at 09/5/2024 08:05 by longtallsally
The only thing we can be certain of is that rhetoric will not shift the IQE share price.
Posted at 07/5/2024 16:17 by crosswires
Whilst i’m happy for GF i’d rather see us up another 8% 😉

However I am generally pleased with the consolidation that IQE share price has shown post earnings, although I suspect the markets are close to short term highs so don’t expect the share price to get much above low 30s until we get specific revenue news (perhaps in a July TU).
Iqe share price data is direct from the London Stock Exchange

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