www.piworld.co.uk/videos/2016/2/4/iqe-at-mello-january-2016 Presentation by IQE CFO Phil Rasmussan gives an excellant insight of the investment proposition offered by IQE. Highly recommended for all long term investors interested in IQE and the consensus financial projections for 2015 will interest you short term traders as well. Warning- it is an hour long but well worth seeing though at least once.
It's great to see these large contracts but the important thing is what is the profit margins? Is it 10%, 20%, 50%. or a paltry 1 or 2%, I guess we will have to wait until the results are issued. The only thing that will push the SP up is a good set of figures and a strong order book for future growth.
Cardiff, UK. 26 January 2016: IQE plc (AIM: IQE, "IQE" or the "Group"), the leading manufacturer of advanced semiconductor wafer products to the global semiconductor industry, announces that it has received a new purchase order agreement for indium phosphide (InP) materials to the value of $3.7m from a leading global substrate manufacturer.
High Purity InP, produced by IQE's Infrared business unit based in Milton Keynes, UK, is the source material for the manufacture of InP wafers used in the production of high-performance photonic components for a wide range of applications in infrared sensing and telecommunications with a particular trend towards high definition imaging applications enabled by InP materials.
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. InP is the material of choice due to its advantageous photonic properties particularly in the short wavelength infrared (SWIR) range, complementing IQE's industry leading position in indium antimonide (InSb) and gallium antimonide (GaSb) substrate materials which form the key enabling technology base for multiple imaging technologies found in defence, security, medical and industrial applications.
IQE Infrared is uniquely positioned to offer an unrivalled range of IR materials, from substrates to epiwafers, with a completely secure, dual sourced supply of InP, InSb and GaSb to the semiconductor industry, with IQE's US (Galaxy) and UK (Wafer Technology) operations collectively meeting the requirements of its customers.
Dr. Mark Furlong, VP of IQE's Infrared Business Unit commented:
"We are very pleased to receive this order from an existing long term customer of our InP products and the scale of this commitment reflects our status in the semiconductor industry for the supply of a diverse range of semiconductor materials in addition to substrates and epiwafers.
"We continue to see growing demand for products with optoelectronic properties and it also confirms our position as a technology leader for advanced semiconductor products for photonics applications."
On Tuesday Peel Hunt reiterated its broker consensus on shares of IQE PLC (LON:IQE) giving the company a ‘Buy’ rating.
Peel Hunt gave shares of IQE PLC a price target of 36 indicating a potential increase of 80% from IQE PLC’s current price of 20.
In the prior 12 months IQE PLC’s stock price has decreased by -5.88% from 21.25 to 20 .
IQE PLC has 657,385,000 shares in issue which have a share price of 20 giving IQE PLC a market capitalisation of 131.48M GBp .
The 52 week high of IQE PLC’s shares is 27 whilst the 52 week low for the company’s shares is 15.78. The 50 day moving average of LON:IQE is 19.21 and the 200 day moving average is 23.07.
IQE plc is a United Kingdom-based holding company. The Company is engaged in the research, development and provision of engineering consultancy services to the compound semiconductor industry. It is engaged in the sale of advanced semiconductor materials. Its operating segments are wireless, photonics and electronics. Its finished products are compound semiconductor wafers. It operates in the United States, Asia and Europe. Its products include heterojunction bipolar transistor (HBT), edge emitting lasers, vertical-cavity surface-emitting laser (VCSELs), distributed feedback laser (DFB) lasers, detectors, multi junction concentrating photovoltaics (CPV), metal-semiconductor field effect transistors (MESFETs) and quantum well infrared photodetector (QWIPs), among others.
Well we are European but with SJ as a Senior contractor not European enough.
Inevitable question now is what have we got out of our expensive efforts with Solar Junction.
As always CPV prospects looking bleak and far away. We have moved from a point where priority is cost of electricity from CPV against conventional production being comparable; to global warming being the priority driver.
But still no business for IQE who claim to have the most efficient CPV converter chip
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