Im not convinced maverick If the iPhone 6 has so far sold circa 10M units surely if there was increasing demand out their for our products the forward order book would be full at factory capacity required i have been in this share for too long and will yet again await some further news in H2 and then after 6 long years will not be waiting for anymore jam tomorrow Hopefully the larger Taiwan’s WIN Semiconductors Inc (the world’s largest pure-play gallium arsenide foundry) will see something in IQE and buy the bloody lot - 35 p would be peanuts to them and a bag or ten of sand for me
Thanks ......very interesting reading. I am taking last report as a '' clearing the decks '' or get it all out now move. CPV seems to be in a real log jam ........how or if it will break open before every one has lost their shirts appears uncertain. It seems the financiers are nervous about signing cheques whilst technical advances are still rampant. They should link roll out with an ungrade sub deal on the side or even a continuous rolling update programme. Seems obvious this will apply to both CPVs and direction finding software.
Another good post Maverick I increased my holding when it touched the mid 15 ,85.000 shares, Looking forward to good figures to come.
Since my previous posts I've had a much deeper dive on the balance sheet and financials. All looks fine to me and I am not concerned by the rise in debt because the business is cash generative and I can see by the program of cost reduction and synergies that they will be able to generate cash to fund R&D and reduce the debt. The announcement of impairment was of course a surprise, but the more you look at this the more it makes sense, otherwise we would have assets not being used burning cash. iPhone 6 release is good news and having been in a few iPhone shops recently it's clear that people love it - further news on China giving it the go ahead is a major step forwards. It's clear that H2 will be much better for IQE and it's also obvious that any upside from there strategy to expand there products into other sectors is not built into the price. I've evaluated that at under 22p it's a buy and long term we need to see. The shorts will close in time and ST not covering this anymore will help here. Investing is different to speculating and this one is a medium to long term investment so treat it this way.
Apple i6 approved for sale in China
The Apple i6 smartphone has been approved for sale in China, by the Chinese Regulatory Authority, so should be launched for sale by the 3 largest mobile operators shortly. This should provide an additional boost for IQE sales revenue in H2, which is welcome news which should help firm up the SP. Will be interesting to see the latest quarterly figures and forecast for Skyworks, up to September, due out mid October
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.