Latest consensus forecasts are 2.29p historic EPS, with 2.44p EPS for this year. You can also access the 27th February issue of Semiconductor Today magazine for free here: Http://www.semiconductor-today.com/news_items/2015/feb/semiconductor-today_270215.shtml Loads of stuff summarising IQE's latest news, Skyworks' terrific results and outlook, the potential for GaN etc etc.
20 Feb '15
Have fun today...
#IQE IQE plc... have fun today and bring down TW... http://tinyurl.com/osldk2a
19 Feb '15
Well thought i would post - looking at the SP each day 5% up and tomorrow 5 % down ? if only it was up 5 % each day - low volume and not enough buys Looks like another 6 months of 19p to 21p unless someone starts buying again
12 Feb '15
ARM holdings a finger in every pie
Nice piece in today’s Times about the stellar performance of ARM holdings and how they have supply chips for everything from Smart Watches. tablets, iPhones to washing machines etc, quick someone get the defibrillator over to Wales pronto, we might just pass 22p yet
2 Feb '15
Katie Potts increases stake
Good coverage this morning... Http://citywire.co.uk/money/6-shares-the-pros-are-buying/a795862#i=4 "Buoyant IQE tempts Potts to up stake Micro-cap tech star Katie Potts has increased her exposure to semiconductor manufacturer IQE (IQE) by almost 10% as its shares surged on an upbeat trading statement about its prospects in 2015. Potts increased her stake in the business to 5.1%, worth £6.8 million at a share price of 20.3p, up 14.4% over the last month versus a FTSE AIM loss of 1.4%. Shares in IQE rose more than 11% in a session following the bullish update, but it remains a distant shadow of the 59p it peaked at in early 2011. The shares are held in Potts’ Herald (HRI) investment trust. Peel Hunt lifted its recommendation on the stock last month to buy, with a price target of 32p, while Espirito Santo in December affirmed its buy rating and target of 35p. IQE said that it had reduced its net debt from £34 million to £31 million in 2014 as core business lines increased revenues by more than 20%."
29 Jan '15
Article tips continued re-rating
The reviewer also notes potential bid interest from Intel. Here's some extracts from the full article: Http://www.spreadbetmagazine.com/blog/?currentPage=3 "James Faulkner on IQE - re-rating has quite a way to go Posted on DateThursday, January 22, 2015 at 1:03PM IQE (IQE) has been through a tough time of late, with industry de-stocking putting a major dint in its performance. But all that now looks to be behind the supplier of advanced wafer products and wafer services, which announced a very upbeat trading statement this week. The shares are now back where they were at the time I reviewed the company in our Technology Special back in June 2014, and the stage looks set for a re-rating. Revenue for the year ended 31st December 2014 is expected to be approximately £112 million, with second half revenues of c.£60 million indicating a pick-up in trading momentum. EBITDA is projected to be up by c.8% year-on-year at approximately £27 million, with second half EBITDA of approximately £16 million. Adjusted, fully diluted EPS for the year is expected to be up c.20% at approximately 2.4p. Furthermore, management also anticipates net debt at 31st December 2014 will be roughly £31 million, down from £34.4 million at 31st December 2013 despite £5 million of cash restructuring costs and £8 million of contingent deferred consideration payments. There is no doubt that this update will have reassured investors, as the numbers are in line with consensus forecasts. And with FY14 in the bag, the market can now look to FY15 - and the numbers leave plenty of room for upside. In the Wireless business - which remains the largest division (c.80% of sales) and where the group commands a global market share of more than 50% - there was “double digit” sequential growth in H2 over H1, and the group made a cracking start to the year by securing a major contract renewal, estimated to be worth over $50 million, with an important tier 1 customer. The Wireless division continues to enjoy a robust market backdrop driven by increasing adoption of 4G and LTE globally. However, a key factor in the investment proposition for IQE at this stage is its penetration of new markets, which will help to diversify the firm away from its reliance on the Wireless market. Chief among these new markets is Photonics, which grew revenues by 20% year-on-year. Demand for photonics products is continuing to grow as new and emerging technologies increasingly rely on the properties of light for a growing range of technological applications.... ...Researcher Edison is forecasting pre-tax profits of £17 million in FY15 on revenues of £117.4 million, although it admits that its estimates for flat Wireless revenues in FY15 “may be conservative”. Anyhow, the EPS estimate of 2.5p implies a current rating of just 8.8 times for what is a market leader in an attractive sector."
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