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
  -0.20 -0.36% 54.70 532,303 15:35:20
Bid Price Offer Price High Price Low Price Open Price
54.85 55.00 56.20 54.75 54.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 156.29 6.75 0.13 420.8 436
Last Trade Time Trade Type Trade Size Trade Price Currency
15:56:24 O 7,525 54.942 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 54.90p.
Iqe Plc has a 4 week average price of 49.64p and a 12 week average price of 49.64p.
The 1 year high share price is 76p 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 877,628 shares. The market capitalisation of Iqe Plc is £435,605,353.01.
dave_spencer: I have followed Apple and IQE for a very long time.I went all in with my pension fund with Apple back in 2010 which was one of my better decisions. A decent chunk of my non pension investments are with IQE. There is absolutely no correlation with regards to Apple’s keynotes and IQE share price movement. For reasons best known to some posters they continually quote Apple with the suggestion that IQE could benefit substantially as a result of Apple utilising IQE products. Now I really don’t want to pi.. on anybody’s chips but exactly where is the evidence that IQE have benefited in volume/turnover/profit terms. The Nasdaq has risen phenomenally since the lows of the pandemic. Apple recently achieved record highs whilst IQE has struggled to recover to a third of its record high share price !! Boring I know. Just trying to keep it real.
aphrodites: If you are a chart follower, the one that Hornblower kindly posted on 30 September provided reasonable evidence that the fall from 66p after the interim results had run its course. The market certainly tested the 50p level but clearly there was sufficient demand for stock that the sellers have concluded the fall has bottomed. Whatever one believes there is no doubt in my mind that the hedge funds involved in shorting IQE shares do communicate with one another. They cannot afford to be found to be creating an artificial market but their antics are at times quite blatantly questionable and I am afraid our toothless FCA is totally oblivious to what is going on or is too busy to investigate! However, it has been quite evident that IQE’s share price has been manipulated down 25% by a series of cleverly manipulated daily transactions. But the big question now is where do you believe the shorters will find 40m shares to close their positions? The fact is market trading volumes and the lack of liquidity in the shares will not provide the market makers with the ability to provide the volume of stock the shorters require. It appears the recent fall has now bottomed and the rise over the last couple of days indicates the demand for stock. So, come on ADVFN IQE posters, many here are very good on speculating on IQE’s margins and sales, so now put your thinking hats on and indicate where you expect the price will have to go to allow 40m shares to be bought back? And more importantly who will be selling the shares? The reason I pose these questions is that if the share price recovers to the mid 60’s ahead of the next results and IQE does deliver the good results many are anticipating here, it could be a blood bath for the shorters. The shorters need to keep the price down here and will use every trick in the book to do so. We could be in for an interesting few weeks of share movements!!!
aphrodites: We have now seen over a 25% drop in the share price since the publication of the results and all on the back of very light turnover in share dealings. I have said it before and will repeat. With regular disappointments resulting in performances in the share price would you as a manager of funds take the risk of investing in the company? With all this past volatility in the share price one would expect the CEO, and the company broker, to be sensitive to this by now and would have plans to nail anyone who has been involved in undermining the share price. But what did we get with the last set of results? Conservative comments warning of the potential risks to the economy which might affect their future earnings. Unbelievable, when many other companies involved in parallel technology have been announcing bumper results with corresponding substantial increases in their share prices! And all this when IQE was nearly 3-months into the second half of its trading year with surely a good insight into how trading was going! If, as a good number here believe, profits will be at the higher end, or even exceed expectations, why after such a conservative warning, can the company not provide an interim trading update? Come on Mr. CEO, bury the doomsters and let’s see the share price back in the 60’s with bullish broker updates and new institutions being attracted into investing in the business. Creating shareholder value should be the aim of all Board’s of Directors and it’s about time we saw some of this with IQE.
aphrodites: Returning again to the statement contained in IQE’s half-year results it said: “The Group has not provided full year guidance due to the uncertainty of the global pandemic and anticipated global recession. Despite this environment, performance to date has been strong.” This conservative statement, which has been interpreted by some as being negative and has resulted in nearly a 13% fall in the share price, now has to be measured against the report yesterday from China which showed factory production increased at the fastest rate of the year so far. With the world’s second largest economy awakening from its coronavirus paralysis. The 5.6% growth in industrial output across the country surpassed economists’ forecasts. This trend in China will hopefully be reflected globally and will prove IQE’s statement as being more than ridiculously over-cautious. Let’s face it, they reported 6 month’s figures having seen July, August and knowing what September’s orders were like, which is halfway through the second half of their reporting year. And they stated their customers all reported positive trading updates and outlooks which underlined the resilience of the sector. More than likely the company will surpass everyone’s expectations when it reports its full year’s results and they will surprise everyone. But what a pity the CEO and his advisors cannot read the markets and present a full year outlook which could have been taken more positively. Quite clearly the share price is once again being manipulated, probably by the shorters, who are looking to buy back the 37m shares they are still short. I must admit, I kicked the shares I bought at 54.5 out at 57p as I expected the shorters to take the share price below 50p and present a bit more carnage than just the 13% fall. Obviously, there are other buyers out there.
dockenfieldman: What effect ifs any could this have on the IQE share price?
tomduck: Dave, I think you are not alone from what I understand reading this board, a fair few invested higher than the share price is now. I have had that happen to me on other shares, happily I’m in lower here, BUT from what I have learned before your best course of action is either to sell out and invest in something you are more positive on or have a mental reset and be more balanced, for your own mentality ;) Yes IQE has been poorly managed to some degree, yes they have had some bad luck and do seem to struggle converting their leading position into higher margins BUT there are positives too. If I were as pessimistic as you, I would sell at least a portion of my holding, perhaps hold it as cash until a bargain comes along elsewhere, because in the next 12 months that is entirely possible. I think until Dec update there will be little chance of major upgrades to IQE share price and if they stick with their £165m predictions in Dec likely no major movement in 6 months. By then your patience will be even more stretched ;)
crosswires: Edison say the following which seems entirely balanced imo, the next chapter and share price leg up will require more delivery and a continued rosy picture from our peers and customers. Quote “IQE’s share price has more than recovered the ground lost during the panic selling in March. At current levels IQE is trading at a premium to the mean of the sample of companies engaged in manufacturing VCSEL epitaxy. Given IQE’s broader product portfolio we believe it is reasonable for IQE to trade on multiples that are at the upper bound of this sample. However, we believe that further share price improvement will require greater visibility of how handset demand will be affected by any pandemic induced recession and whether the switch to 5G and the availability of as yet unknown ‘killer apps’ will be sufficient motivation for cash-strapped consumers to justify upgrading their handsets.”
aphrodites: The share price consolidation at around 60p which I referred to this morning appears to have been blown out of the window as punters and probably those existing “Shorters̶1; manipulate the share price lower. As I pointed out here on 3 September with the “Shorters̶1; still needing to buy back 37m shares that is still a lot of stock to buy. Although the announcement from the company today looking forwards, was intended to be conservative, I am sure the CEO did not intend it to be read bearishly and to see the share price reaction we have. In fact, one would expect him to have been applauded for his low-key approach. But with no buying on the back of what surely cannot be seen as bad results, this does give those who want to buy shares, the opportunity to sell a few and knock the share price and then buy back at a lower price. The only problem of course is who will eventually be selling to them to close their short positions. I have bought a large chunk down here, as this selling in my opinion is well overdone and I expect to see a good bounce. Let’s wait now for the analysist’s reviews.
aphrodites: A fine set of results which combines conservatism for the future going forwards. With the pathway for the future assured the CEO clearly doesn’t want to raise expectations unduly with an over optimistic forecast which cannot be met. This would once again see the share price slashed by the shorters and confidence destroyed that the business is being properly managed. What is paramount to IQE more than anything else now, is for the investment houses to recognise this it as a well organised and efficiently run business which provides superb shareholder appreciation potential in the future. We would all like to see the share price move appreciably higher in the short-term, but at the same time we would also like to see new institutional holders and existing ones adding to their positions. This will only happen if the share price consolidates around this level and gently rises towards 70/80p. We now wait for the analysts to meet with the company and hopefully their upbeat recommendations as to the potential of the business and a positive share price performance, will follow.
dockenfieldman: I guess big falls in US tech stocks last night will not help the IQE share price today?
Iqe share price data is direct from the London Stock Exchange
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