Blackrock reduced their short by .12% on 26/08, 14 days after their previous reduction of .21%, with this being the fourth reduction since they took the SP down to 18p. Surely, now this short reduction trend is established, the SP should start to climb as a bear squeeze takes hold.
and guess what ?
Yip........I believe Monitize is heavily shorted ( 7% ) so there is another one I am waiting for the shorts bums to burn
Apple ( a customer of ours I believe ) has a collaboration with IBM and has just set up a collaboration with Monitize who have a collaboration with VISA. SO........that is team APPLE, IBM, VISA, MONITIZE and IQE !! That will do me !!..........about as close as you can get to rulers of the universe.
Rejects Microchip offer, how long before IQE becomes a bid target? soon I hope at this price and put us out of our misery.
Solar Junction Prospects
Re my posts 19&20 Aug, they should be read in conjunction with this article: http://www.semiconductor-today.com/news_items/2014/MAR/IQE_240314.shtml The potential benefits for IQE appear to be strongly on the upside and the last results stated..." As announced on 24 March 2014, IQE's stake in SJC has been acquired by a new strategic investor with a strong interest in accelerating the deployment of CPV systems on a global basis. As a result of IQE's exclusive wafer supply agreement, the Group will be working closely with this investor to realise significant deployment over the coming months and years"..... If you want to do some simple maths use the the figures supplied in their final results..." CPV has now reached price parity with fossil fuels and other alternative energy sources in high sunlight regions ("high DNI regions") and is considered to be at an inflection point, with industry analysts forecasting significant adoption of this technology. Specifically, in forecasts published in late 2013, industry analyst IHS has estimated that the addressable market for this technology will reach approximately 5GW in the next 2-3 years. To put this in context, 1 GW represents approximately $150m of revenue for IQE, at a margin consistent with our existing business. The key milestone for adoption in volume production is the demonstration of a robust supply chain. IQE has now qualified a demonstrated high volume capability, and is closely supporting its main customer Solar Junction Corporation to finalise a complementary high volume chip fabrication capability. IQE expects this to be completed over the coming months"............... If 1GW is $150m T/O for IQE then 41GW x$150m looks even better, there will also be other customers who want the the worlds most efficient solar chips. There is a further upside, on Taqnia purchase of SJ, IQE have written down their $5m equity investment in SJ to zero yet they will receive an undisclosed future amount contingent on SJ performance...."The return to SJC equity shareholders, including IQE, will be deferred and contingent upon specific aspects of SJC's future business development. Further details will be provided in due course"... Short sellers have clearly damaged sentiment to this share.Whilst shareholders may be despondent about the share price now, there appears to be some excellent underlying drivers for the future share value. Patience should be rewarded.
iphone 6 will be launched pre-Christmas and this will significantly support the revenue stream in H2 and as we move in year 2015. Current share price remains cheap and as the shorts close and new iphone launches SP will move.
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