This will fly tomorrow now that the sellers are out of the way.
Nice view from IC today
IC view: The microchip industry has faced its fair share of challenges this year, from slowing sales of smartphones and tablets to inventory reductions and flagging Chinese demand. Those are valid concerns, but we remain bullish on companies that are active in explosive areas such as connected cars, industrials and wearables. Arm and Imagination offer strong growth, broad exposure and relatively impregnable business models. But both companies' shares trade at over 30 times forecast earnings. Infineon, IQE, Pure Wafer and Nanoco offer greater value and upside in our view.
Long term buy
Just increased my IQE holding. Long term prospects look good. Directors buying in with decent quantities of cash, shorters pulling out, new contracts, Welsh "Manufacturer of the year" award winner, buy or strong buy from all 4 brokers covering the company. Management seem confident of hitting the predicted full year EPS of 2.2p which, if they hit their targets (remember, they're buying shares themselves) gives the company a share valuation according to the Graham formula of over 50p. The shorters still control the share price and I don't think we'll see full value until they've left and no longer have any interest in manipulating it down anymore. At that point, I very much hope that we'll see a substantial re-rating. Good luck to all.
Look at the fundamentals. In profit and growing for the last five years.
I am a long term holder of IQE and the new contract is obviously good news.. However profit levels are just as or more important and we know nothing about how profitable this contract is. Does anyone have any information about this? Share price still seems in no hurrry to recover the falls earlier this year. I am optimistic long term but also cautious.
And probably IQEs biggest customer reports strong profit,revenues and outlook. http://www.nasdaq.com/article/triquint-semiconductor-profit-tops-estimate-outlook-strong-stock-up-5-20141028-01441
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