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| 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
|
|
|---|---|---|---|---|---|
| 0.92 | 4.91% | 19.64 | 5,841,726 | 16:29:54 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 19.56 | 19.64 | 20.00 | 18.90 | 18.90 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electronic Components, Nec | 115.25M | -29.38M | -0.0304 | -6.41 | 180.99M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:29:55 | AT | 400 | 19.64 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 30/9/2024 | 16:00 | UK RNS | IQE PLC IQE plc: Total Voting Rights |
| 17/9/2024 | 15:00 | UK RNS | IQE PLC IQE plc: Holding(s) in Company |
| 10/9/2024 | 11:17 | ALNC |  IQE revenue jumps 27% in first half as company eyes full-year growth |
| 10/9/2024 | 07:00 | UK RNS | IQE PLC IQE plc: H1 2024 Interim Results |
| 30/8/2024 | 16:00 | UK RNS | IQE PLC IQE plc: Total Voting Rights |
| 12/8/2024 | 11:15 | UK RNS | IQE PLC IQE plc: Total Voting Rights |
| 31/7/2024 | 07:00 | UK RNS | IQE PLC IQE plc: Planned IPO of IQE Taiwan on TWSE |
| 23/7/2024 | 15:05 | ALNC | IQE half-year revenue jumps 25%; performs in line with expectations |
| 23/7/2024 | 07:00 | UK RNS | IQE PLC IQE plc: Trading Update |
| 01/7/2024 | 12:00 | UK RNS | IQE PLC IQE plc: Total Voting Rights and Block Admission |
Iqe (IQE) Share Charts1 Year Iqe Chart |
|
1 Month Iqe Chart |
Intraday Iqe Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/10/2024 | 16:14 | New CEO, new hope, new start for IQE in 2022 | 5,210 |
| 26/6/2024 | 12:13 | IQE's time has come - 2017 and beyond! | 36,725 |
| 04/1/2023 | 11:05 | IQE - THE ONLY WAY IS UP!!. | 64 |
| 17/10/2022 | 07:50 | IQE - Time to get back in after results? | 27 |
| 31/5/2022 | 11:20 | IQE - TURNED A CORNER, SET TO RISE | 29,628 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:29:55 | 19.64 | 400 | 78.56 | AT |
| 15:29:54 | 19.56 | 102 | 19.95 | O |
| 15:29:43 | 19.57 | 30,392 | 5,948.05 | O |
| 15:29:04 | 19.57 | 3,000 | 587.13 | O |
| 15:27:08 | 19.59 | 20,000 | 3,918.22 | O |
| Top Posts |
|---|
Posted at 24/9/2024 21:56 by guildedge I think as long as you get views from both side that is good. No point knocking people down. Many are perhaps just frustrated.UnderstanThe broker average is suggesting +18-20m a year. If these figures actually match what is happening in the market maybe 190-195m is possible in 2027. I do think some of the partnerships will start to bear fruit in the next few years and the market likely think GAN and returning sales could push IQE along here. They have a lot of good IP here. Lot of industry execs who know the business well. Plus facilities to hugely ramp production if needed. Welsh site barely used right now. On flip side the pound is creeping up to 1.34 vs the dollar. There is a constant seller still in the background. Sales in H2 could be flat or even fall. Debt is still an issue. Albeit some money will arrive from the Taiwan IPO. The 3x revenue is a nice bedtime thought but just that. As Crosswire suggests if they get to 180-200m revenue you would expect the share price to be 3-4 times what it is now. If that all fails they still have huge cost cutting opportunities. For the next few months the share price will be down to market sentiment. It will be interesting to see where the share price settles. I don't think we will see a TU in November. So maybe 5 months till we get an update on possible new orders. |
Posted at 23/9/2024 16:07 by crosswires You’re understandably being too pessimistic Lords, and I think you’re wrong. I g’tee you before 2026 the share price will have doubled from 17p. I’m not saying it won’t have dipped again but at some point it will 100% be 34p or more.I’m sure IQE will achieve better than that as indeed that would be dismal compared to ALs 3x 2022 revenues pronouncement, my point is even £167m with better control would see 30p+. &200m plus a profit would imo see the share price at 50-60p. It’s easy to be very pessimistic but a look at the IQE chart shows huge swings in share price on a regular basis, and history is a good indicator that this will happen several times again with IQE over the next 5-10years. Where many of us have fallen short is selling nearer a spike top and waiting for the price to fall before repeating, which is why buying down here and lowering the average makes sense to me. It doesn’t to you and that’s fine 👍 |
Posted at 23/9/2024 11:46 by bbonsall Found this from 2020 when IQE bought out shareholders in IQE Taiwan to gain 100% control.The figures mentioned below suggest a total valuation of around £30 million in 2020. Has it increased or decreased since then? 9 October 2020 IQE acquires outstanding stake in IQE Taiwan Epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has acquired third-party shareholdings in its majority-owned subsidiary IQE Taiwan Corp, taking its ownership from 90.18% to 100%. The acquisition was effected using a statutory share swap arrangement under Taiwan’s Business Mergers and Acquisitions Law. Selling shareholders who accepted the share swap will be issued with shares in IQE on the basis of the average closing price of IQE’s ordinary shares of 1p on AIM (the Alternative Investment Market of the London Stock Exchange) in the 30-day period prior to the acquisition. Selling shareholders who rejected the share swap will have their shares in IQE Taiwan purchased for cash. Selling shareholders representing 5.04% of the shares in IQE Taiwan (and 51% of the third-party shareholdings) accepted the share swap. The total payable to those shareholders is £1,437,646, which will be settled through the issue of 2,606,689 ordinary shares at an issue price of 55.15p per ordinary share (the consideration shares) |
Posted at 23/9/2024 10:59 by lord loads of lolly crosswires - I can't agree with your comment "Sub 20p always leads to a doubling of share price within a year or so".Over the past 5 years, IQE has only closed sub 20p periodically since the end of June 2023. Before then, it always closed above that price. And it's never quite doubled from that level since either. Whilst it may look cheapish at its current 17p level, that's not to say it won't get cheaper still. In fact, short of a major new contract win being announced, I can't really think of anything likely to boost the share price before IQE's next TU in January. If it drifted back down to 12p, I'd be tempted to add as I'd then see it as materially undervalued. But given the lack of any real progress to date (and the volatile nature of global markets currently), I sense this may well have further to drop. I hope I'm wrong, but history suggests I might not be in the short term at least. That said, on the balance of probability, I suspect things WILL look better in another year or so. Americo will start to have a major credibility issue if it doesn't. Only so long you can talk of an upturn without actually delivering one. |
Posted at 12/9/2024 10:18 by provonar neil100,Nice spot on seeing Americo liking that post from Infineon. I also saw the news that Infineon's making the first 12" GaN wafer and it ties back into some of the discussions earlier this year. In my posts #3835 and #3839 I had looked at what Infineon do and how they relate to IQE. But I couldn't find any link at that time. However, william_quinn in post #3851 linked to a digitimes article on Infineon entering into partnership with SK Siltron for SiC wafer provision. This is the same SK Siltron that IQE announced a partnership with in their press release of 10th October 2022, for IQE to supply GaN, GaN-on-Si and SiC epiwafers to. So there is a connection through the supply-chain, though it's not crystal-clear why SK Siltron need to sit inbetween IQE and Infineon (and this is on SiC wafers - GaN isn't directly mentioned in the #3851 article from SK Siltron to Infineon, so maybe it's related to a SiC-specific process step). But I was happy to find at least one indirect link between IQE and Infineon, as Infineon are such big part of the European semiconductor supply-chain. So, being optimistic (careful, that's got almost all of us in trouble...), Americo's 'like' is indicative that IQE are embedded in this supply-chain for 12" GaN wafers and the move to 12" is a crucial part of mass-production and out-competing Si alternatives for these power components (the price per component will move towards equality and with the GaN performance being better it's an obvious choice which tech a circuit-designer will choose). Americo will have a much better view of the supply-chain steps to get to GaN mass production, and it looks like a lot of the big technical challenges to get to 12" have now been completed. So, the GaN power production ramp should be on its way, though whether that's 2025 or 2026 remains to be seen. H2 2024 looks like it's fallen victim to a lack of consumer confidence again, with demand for smartphones being lethargic: As IQE is so dependent, still, on the smartphone market, I expect this has been the big driver for the outlook being at the lower end of estimates. IQE's diversification strategy makes sense, but there's a bridge to cross to get to a mature GaN market. Still plenty of risk here, unfortunately. However, one other interesting point is the lack of short growth - it looks like most market-movers expected 2024 to be better than it's turning out, but even with the smartphone demand-reduction, there's no increase. So, the overall expectation still appears that there is growth expected in the near future, which is still consistent with the GaN supply-chain advances happening now. As ever, DYOR and recognise the risks. |
Posted at 11/9/2024 14:38 by crosswires I’d not waste time thinking about such hypothetical situations, if IQE even recover to 2022 earnings of £167m then the share price will be much higher. I think that’s very worst case 2026 but really should be 2025.At 34p it was overvalued now we know it’s only going to achieve lower end of estimates but at 18p I think the downside is minimal.. if it falls to 15p I will buy another 100k, each time bringing down my average price (32p now). I give a 0% chance of 3x 22 revenues by 2027 (and always have) but I am 90% sure the share price will be over my average price by the end of next year. My IQE investment is not time critical |
Posted at 10/9/2024 19:51 by hannath Investors Chronically comments …Semiconductor company IQE's turnaround starts to stumble Shutterstock IQE results By Arthur Sants Cut 10 per cent of staff costs to limit losses Revenue growth returning slowly Semiconductor company IQE (IQE) has had a difficult few years. IQE makes compound wafers which it then supplies to semiconductor manufacturers, who cut up the wafers, etch them and turn them into the chips. IQE:LSE IQE PLC 1mth Today change -19.24% Price (GBP) 19.14 IQE wafers are particularly good for wireless technology and photonics. The smartphone market is important for IQE because the chips are used for 5G as well as 3D sensing, and in the post-pandemic years smartphone growth has slowed. However, growth is now returning. In the six months to June, IQE’s revenue increased by 26.9 per cent year on year to £66mn. This was driven by a 73 per cent increase in wireless revenue, which came from design wins in the Android market, and a normalisation of inventory. In other words, now the build-up of post-pandemic inventory has been used, semiconductor companies need to make more chips. The recovery is stumbling a little, though. Management said the pace of progress is varying between regions, and is now guiding for the low end of analyst forecasts. In response, it has reduced labour costs by 10 per cent and cut capex by £1.9mn to £6.5mn. This cost cutting is necessary because IQE doesn’t have that much cash. It is also planning for an IPO for its Taiwan subsidiary that should help it bridge the gap. House broker Peel Hunt is still optimistic and pointed to the new iPhone release and the ‘AI revolution’ as drivers of demand. And with IQE’s price just 1.3 times its book value, it is trading at a discount to peers. We still believe in the turnaround, but there is risk. Buy. Last IC View: Buy, 17p, 12 Sep 2023 IQE (IQE) ORD PRICE: 19p MARKET VALUE: £184mn TOUCH: 19-19.8p 12-MONTH HIGH: 37p LOW: 12p DIVIDEND YIELD: NIL PE RATIO: NA NET ASSET VALUE: 16p* NET DEBT: 44% Half-year to 30 Jun Turnover (£mn) Pre-tax profit (£mn) Earnings per share (p) Dividend per share (p) 2023 52.0 -21.5 -2.57 nil 2024 66.0 -13.9 -1.57 nil % change +27 - - - Ex-div: - Payment: - |
Posted at 29/8/2024 07:57 by longtallsally I see Nvidia blew past earnings estimates by a significant amount but it wasn’t enough to avoid them and the Nasdaq falling by a few percent in after hours trading. Unbelievable how much money Nvidia is raking in off AI.The disappointment was that although next QTRs revenue forecast is above analysts estimates at $32.5b v 31.9 that wasn’t enough of an uplift after this QTRs overachievement. It really is vital for this years IQE share price on the 11th that they indicate something other than gentle recovery for the next 6 months as that’s the very minimum the market expects after such an awful prior 12 months |
Posted at 18/8/2024 18:25 by longtallsally To be honest people have been putting too much importance to Sweenoids often long posts since 2018 and the reality is they have not translated into being a soothsayer for IQE good times. Whatever happens with other companies in the sector (and Lumentum are losing money still) we know there has been a long term disconnect with IQE when it comes to good times, they only mirror the sector when it comes to downturns.As yet we have zero evidence of any turnaround, and only actual sharp revenue growth (and some profit) is going to earn IQE a share price re rate. Under a month until we get some indication from IQE of what’s to come from their forward statement, if it tells of hypothetical jam tomorrow but not for Sept-March then the share price will continue to be range bound between 25-35p for another 6 months. |
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.” 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. |
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