Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hope you're right joseywales. Being at the start of the supply chain IQE earnings should pick up ahead of the next upturn. Some positivity from Samsung today calling the bottom of the downturn in chips.
On paper IQE with all it's skill and products it should be making millions. Sadly the industry just ignores it. Share falling away again. Bad time to buy here. Let it drift for 6-7 months. Then take a look.
I'd agree with what you say on gloomy outlook short term. However, closer to the end of that cycle than beginning now. The issue on this is simply larger holders needing (or wanting) to sell off chunks of holdings. Maybe GSA got wind of a sizeable sell order going into the brokers and we'll just have to wait and see where that bottoms out (if it has not already).
When it comes to the company itself, hopefully it will get sold off in time .... it's just a minnow in a big pond really. It's just never going to be a scaled business with margin and profitability which is sustainable in the long term. It's just an industry where scaled players can navigate the volatility a bit better.
IQE is an innovator ... an R&D department (if you will) for a large global player who could snatch them up for £250-300m.
Recent results from chip makers (especially Nokia demostrating what a failure mm wave 5G has been) signal more pain ahead. It's a very gloomy environment out there for IQE at the moment. Only glimmer of hope I can see on the horizon is Seagate finally giving 30TB HAMR drives a big push at the start of 2024. Hopefully they're using lots of VCELS mass producing as we speak.
No. Nothing has changed as far as I can tell.
IMHO Opinion it's time to BUY shares.
GSA Capital Partners LLP increased their short from 0.49% to 0.5%. Assuming they made no other changes to this position since May 2022. Shorters still at play here.
So as a seller you sell what you can and see what market buys. Once done you sell more. Feels like investors getting sucked in here.
Dream on
Long long base on this one so hopefully a good bounce at around 12p -- if not ............
The fall is due to Apple phone sales data, so not worried, happy to hold for now.
I mean sold at 17p back in today!
Brave is my middle name. I expect this to bounce back to 20-25p by Xmas or early next year
You often see sell offs after share issues. They are forecast to lose 25m on turnover of about 112m this year. Loving your courage here.
Is there someone who could buy IQE and immediately use their empty factories? IQE are barely scratching the surface on the volumes they could achieve here.
And but at 17p
Sold out at 17.5, back in today. This company will play a role in the huge AI wave.
Insiders have alot of skin in the game.
Potential buyout target for the big boys like Arm and intel
Slightly reassured that IQE are recruiting in range of positions (including in UK Snr Legal Counsel to support the business’ legal and compliance objectives). Unless of course things are so drastic staff turnover is going thru the roof. But I sense not.
Not closed but now at 0.49% as of 12/10/2023. We will never know if they have reduced below 0.49%.
Could still be other shorts below 0.5%. Not sure how much value there is at 15-16p to keep shorts here. Most assume the worst news is over now.
Jpmorgan have closed short position,.
Thanks Prion 25
It's sounded hopeful for years.
But as I mentioned before, IQE has an uncanny knack of making nothing out of something.
Https://www.bbc.co.uk/news/technology-66394406
loadsoflolly
I posted this over a month ago and Lemos is mentioned Also in another earlier report Jeremy Hunt talks of creating a UK Silicon Valley It all sound hopeful But there are lots of buts
ATB
Prion25 - you never know & I certainly hope you’re right.
But I fear this will prove to be yet another false dawn.
I wouldn’t put it past Americo either to orchestrate a low ball firesale bid from GF in 2 or 3 years’ time. Or to throw in the towel completely, admit his 3x revenue, 30% GM plan is for the birds & return to GF. Who’d no doubt welcome him back with open arms & another lucrative role.
Admittedly he’s got skin in the game with IQE. But you can bet your bottom dollar he’ll find a way to feather his nest whatever the outcome. Unlike the average private investor he persuaded to stick around, following his Capital Markets “I have a dream” vision.
I have been in this share the late 1990's when they started up in Newport and Arm holdings excited the chip industry .Yes there have been many false dawns for sure but just hoping with the new CEO ,new innovation and a new technological era
Prion25 - I've learnt - the hard way - with IQE that you should never assume.
Over the years, there've been countless posts about exciting new partner gains & business sectors about to explode for IQE. And look where we are now.
Sadly, this company has a long history of making nothing out of something.
Lord loadsoflolly
Nothing wrong in being cautious and making evidence based decisions But you would think that IQE involvement in supplying tech for autonomous vehicles and now AI etc would benefit sentiment and attract institutional investors and lift the SP
ATB