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IQE Iqe Plc

11.38
-0.30 (-2.57%)
12 Dec 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
  -0.30 -2.57% 11.38 1,658,289 16:35:24
Bid Price Offer Price High Price Low Price Open Price
11.36 11.46 12.00 11.32 11.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 115.25M -29.38M -0.0304 -3.76 112.93M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:42:26 O 96,000 11.54 GBX

Iqe (IQE) Latest News (1)

Iqe (IQE) Discussions and Chat

Iqe Forums and Chat

Date Time Title Posts
12/12/202423:00New CEO, new hope, new start for IQE in 20225,777
10/12/202416:38IQE's time has come - 2017 and beyond!36,726
18/11/202411:03IQE - Autonomous Vehicle Growth Play4
04/1/202311:05IQE - THE ONLY WAY IS UP!!.64
17/10/202206:50IQE - Time to get back in after results?27

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Iqe (IQE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-12 16:42:2711.5496,00011,078.40O
2024-12-12 16:35:2411.38117,70513,394.83UT
2024-12-12 16:29:1911.446,409733.19AT
2024-12-12 16:21:5511.4611,8331,356.06AT
2024-12-12 16:21:5511.4640946.87AT

Iqe (IQE) Top Chat Posts

Top Posts
Posted at 12/12/2024 08:20 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 11.68p.
Iqe currently has 966,903,744 shares in issue. The market capitalisation of Iqe is £110,613,788.
Iqe has a price to earnings ratio (PE ratio) of -3.76.
This morning IQE shares opened at 11.50p
Posted at 10/12/2024 16:39 by longtallsally
IQE share price never rallied on any possibility of USA grant so don’t see why that would effect share price downwards, and besides for various reasons I don’t think IQE is in line for the $305m that was being bandied about anyway.
Posted at 05/12/2024 09:27 by crosswires
LTS yes, it’s now a given Micro LED as a mass adoption is multiple years away, will be niche all of this decade imo.

Solid consolidation of the IQE share price, if we can get to 14p by Christmas I will be happy.

I won’t bother re posting all our end of year predictions, let’s agree they are now void, but instead propose a prediction for June 30th 2025.

I will go first… 24p
Posted at 04/12/2024 07:14 by a13878713
IQE plcCardiff, UK4 December 2024IQE announces completion of Pennsylvania site sale processas part of global consolidation strategyIQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier of advanced compound semiconductor wafer products and material solutions to the global semiconductor industry, today announces that it has completed the sale of its decommissioned site in Bethlehem, Pennsylvania. As a result of the sale, IQE will receive $2.5m immediately and a further $3.0m before the end of the year.IQE ceased operations in the Pennsylvania site in late 2023 and has since transferred the site's expertise, IP, assets and customers to its larger facility in Greensboro, North Carolina. This has allowed IQE to concentrate its efforts in North America on developing this site into a world-class facility serving advanced sensing, optical communications, aerospace & defence and wireless markets. The North Carolina site is also supported through significant funding from the local government.Jutta Meier, Interim CEO and CFO, commented:"The completion of the sale of our decommissioned Pennsylvania site will further strengthen our balance sheet, bringing in $5.5m in cash by the end of 2024. I am pleased to complete this milestone and the further consolidation of our manufacturing footprint.
Posted at 29/11/2024 15:14 by boboty
Yes but they are now her shares. And like the rest of us her relative wealth will increase or decrease depending on the fortunes of iqe share price. I call that skin in the game.
Posted at 26/11/2024 12:51 by longtallsally
Willioc. I think when we know how much of the Taiwan concern IQE will sell and what it’s worth we will also know to some degree what the rest of IQE is worth. Once the dust has settled and the company reset I suspect it’s 2-3 x minimum the current share price

The real issue when that recovery comes (because IQE has gone through many of these up /down cycles now) is at what price to sell. Most investors (including me) have assumed they can become a large billion pound company. I no longer think that so it will be timing the exit to take advantage of the next share price run up. before the next down turn.

GaN is going to be huge, everyone is tooling up for it, they can’t all be wrong and IQE will take their slice of that cake.
Posted at 19/11/2024 09:28 by longtallsally
Looking forward I think as always with IQE the issue will be the timing of when to bank the inevitable next share price rise. A look at the chart and history tells us it is littered with huge rise and falls over the past 20 years after times of hope and the next disappointment. Unless IQE look like they will have to be fire sold next year the share price will recover, to some degree it always does, but perhaps with just lower highs (80p won’t be seen for many years again imo)

If the Taiwan IPO is successfully handled and IQE don’t issue another profit warning on next years now reduced earnings then expect the share price to be in the 20s or 30s before this time next year. The problem for investors will be as happened this year people will get carried away yet again (see Crosswires end of year share price predictions list), BUT unless there is concrete proof of big new orders we would all be best ignoring anyone predicting huge revenue increases without such proof as it often comes to nothing (see Americo Lemos or Captain Calamity as he is now known).

Personally if the share price does recover well into the 30s then I will be selling and not looking back. Holding IQE has been far too stressful and disappointing and if break even could be achieved then I would be satisfied to have just lost time but not money with my investment here.
Posted at 18/11/2024 07:18 by a13878713
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.
Posted at 05/11/2024 12:35 by provonar
Taking a look at the CHIPS act funding process a bit further:



It's clear that acquiring state/local funding is a requirement before any CHIPS act (federal) funding is confirmed. Therefore, this $2M grant from Greensboro is one of the initial steps that IQE have to go through in order to secure CHIPS act funding (and is also why the local county/state is happy to put up the money - it gets more than matched by the federal level grant). That'll also be why there's the 'no commitment' statement from IQE in that I expect both grants rely on each other - IQE won't commit anything until the entire financial construction is confirmed.

What's also clear is that there needs to be significant private investment coming in to kick-start the project the CHIPS act funding is for, which is reimbursed later. So that's probably where the Taiwan IPO comes into play - raising funds to start the NC expansion that then secures CHIPS funding. There could possibly be a further funding round depending on what is needed to secure the CHIPS funding. The CHIPS grant pay-outs will be awarded when milestones are met - I doubt we'll know what those milestones are in advance (employing a certain number of new personnel; installing so many tools etc.).

The federal govt. may enter a profit-sharing deal for grants over $150M, which could affect this $305M target deal that IQE appear to be going for. Of course, you have to make profits to share any, which would be nice...

There'll be further things that IQE can do - $305M buys a lot of epitaxy tools. All the ones purchased under CHIPS funding will certainly have to be placed in the US (Greensboro) - however, older tools at the NC site could be moved to other sites (i.e. Wales) in order to spread capacity. With the relatively recent purchase of three tools from Aixtron for GaN epitaxy, the fact that these went to both sites in the US and UK mean that GaN capacity expansion could spread across both sites (with the most up-to-date and majority of the capacity being in the US).

All quite positive (for once), but definitely shouldn't count any chickens yet - which may be why the share price hasn't responded significantly so far (I'm sure this is all pretty old news to the funds - it may even explain why there was the rise earlier in the year off not a lot of news, the recent drop being possibly due to delayed plans - exacerbated now by the CEO leaving).

Now, it could become even more interesting if IQE have plans to secure the equivalent Taiwanese version of the CHIPS act funding... DYOR
Posted at 31/10/2024 16:38 by longtallsally
I think until the dust settles the only thing that will cause a meaningful spike up in the share price is an RNS that says IQE will still hit lower end of estimates this year (£130m). It may be that doesn’t come until a December TU but if the revenue is coming much lower which would cause a big fund raise then I guess a lower share price is possible as hard as that is to compute given we were at mid 30s not long ago.

Given where the share price is I would think IQE would issue something that calms investors and a lack of anything is possibly counter productive if £130m will be hit this year.
Posted at 30/10/2024 08:39 by longtallsally
I think it’s easy to become paranoid about shorters, I agree their whole MO is opportunistic and counterproductive but I see no evidence and it’s not helpful to see all issues as shorter based. It seems a thing that certain investors just come out with to hide others issues.

IQE have brought this share price fall onto themselves and you could argue the share price didn’t overreact yesterday, clearly large holders have been clearing for some time which has more to do with todays share price than anything else.

As Guildedge says, we should find out via an RNS soon who has been bailing.

Let’s hope 11p is/was the all time low.
Iqe share price data is direct from the London Stock Exchange

Iqe Frequently Asked Questions (FAQ)

What is the current Iqe share price?
The current share price of Iqe is 11.38p.
How many Iqe shares are in issue?
Iqe has 966,903,744 shares in issue.
What is the market cap of Iqe?
The market capitalisation of Iqe is GBP 112.93 M.
What is the 1 year trading range for Iqe share price?
Iqe has traded in the range of 8.61p to 37.00p during the past year.
What is the PE ratio of Iqe?
The price to earnings ratio of Iqe is -3.76.
What is the cash to sales ratio of Iqe?
The cash to sales ratio of Iqe is 0.96.
What is the reporting currency for Iqe?
Iqe reports financial results in GBP.
What is the latest annual turnover for Iqe?
The latest annual turnover of Iqe is GBP 115.25M.
What is the latest annual profit for Iqe?
The latest annual profit of Iqe is GBP -29.38M.
What is the registered address of Iqe?
The registered address for Iqe is PASCAL CLOSE, ST MELLONS, CARDIFF, CF3 0LW.
What is the Iqe website address?
The website address for Iqe is www.iqep.com.
Which industry sector does Iqe operate in?
Iqe operates in the ELECTRONIC COMPONENTS, NEC sector.

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