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Chip stocks were big losers Wednesday. Blame disappointing results and guidance from semiconductor-equipment giant ASML (ASML), as well as caution ahead of Taiwan Semi's results.
AI chipmakers Nvidia, Broadcom (AVGO) and Arm Holdings (ARM) suffered significant to sharp losses Wednesday. As for chip-gear makers, ASML stock gapped lower, while Applied Materials (AMAT), Lam Research (LRCX), KLA Corp. (KLAC) broke key levels.
Why "get in"???
tech plays are notoriously volatile
So where to buy back?
40% retrace?
It’s a tech stock get in or go away
Has the bull run dried up?
How do you value a company that operates at losses? What is a fair share price to represent future value?
Shorts closing or new investors taking stakes? There was a suggestion 10-20% of share was still sorted.
Could this shoot up to 40p? It over doubled last time they thought the share was about to bounce. 25-60p.
I think most selling here are done. Now it's the race to see who can close short positions first. At some point the broker suggesting only 133m revenue for year will raise this and the target revenue for year could be 150m. Unlikely?
Sooner or later IQE will get it right and this could rocket in next few years. Right management now.
What’s happening here??
Expect a dip below 30p on profit taking
Is IQE meteoric rise as far as I can perceive based on zilch it has to be a lemming run
Trading halted ??
I was expecting an opinion from you over the few days, hopefully you will a bit more upbeat now that this current prise rise seems to be holding.
I hope I don’t give it the kiss of death lol
And going up strongly again today?
Is the new generation chip developed and deployed by Meta Silica based?
https://ai.meta.com/blog/next-generation-meta-training-inference-accelerator-AI-MTIA/
IQE is up a further 9% today at 10am to 31p a share. There's been a healthy rise over the last 6 months of 78% here. i.e. The market likes what it is hearing from IQE and its CEO. It looks as though 50p a share during 2024 is a possibility and don't forget that the last time IQE was achieving these kind of numbers the share price was over 100p....
Good luck, Brighty
Vrunk - you’ve posted on the wrong board. IQE has never paid a dividend.
Paul’s opinion - I’ve followed IQE for years, and it’s always disappointed, but seemed to hold out the potential for great things in future, which fail to happen. Profits seemed to collapse in 2018-19, which suggests to me competitors have eaten its lunch since then.
It doesn’t seem to have any pricing power, or competitive advantage, but needs to spend continuously on heavy capex to make products that it doesn’t seem to be able to sell in sufficient quantity or margin to generate any cash overall. That’s why it doesn’t pay dividends.
It’s difficult to see why this company exists. Of course I have no idea what the future holds, but why IQE is valued at £274m, given its lamentable track record, eludes me. Maybe performance might improve in future? We're not predicting the future here remember, just reporting on the facts & figures as of today.
https://app.stockopedia.com/content/small-cap-value-report-fri-12-april-2024-epwn-chh-iqe-fum-994541?order=createdAt&sort=desc&mode=threaded
IQE’s capability to lose huge sums of money on producing ‘world leading’ products is second to none. Ceasing operations, mothballing machinery and equipment, and hey presto.. Losses will be Reduced. IMHO.
What a shame he had to bend the knee to the E S G. I shall take the divi and probably move on
Here's a link to the earnings call transcript from yesterday. Perhaps this will fill in a few more gaps than the RNS.
I'd suggest that the buying is from investors looking out 12-18 months rather than the results of the last 12-18 months.
https://seekingalpha.com/article/4683121-iqe-plc-iqepf-q4-2023-earnings-call-transcript
Fact remains IQE is heavily loss-making - and is projected to remain so this year.
I think things will improve within the next year, but a lot of that is now already priced in.
I agree with everyone else here. I can only see it as a reaction to, no more bad news for once. But the gains are still surprise me. Need to look back at the big drop after the profit warning, to compare numbers and price back then.
Wiltshireman - I suspect lemmings have a lot to do with it. The results were pretty awful, though admittedly this was known well in advance. The outlook statement was cautiously optimistic - nothing more.
Throw in the word "AI" currently & everyone goes wild. Regardless of its relevance.
That is driving this crazy. I invested in here many years back on the back of the unique wafer chip technology but gave up waiting but still take a look at it from time to time. Having looked at their accounts etc and RNS but apart from the technology aspect I can't see anything that is driving this spike. Can anyone enlighten me or is it just lemming driven? What has actually changed.
I thought the results were OK but nothing significantly more. For me it is a surprise that the volume and SP have been so strong the last couple of days.
Is someone building a position in IQE? as I can't see too much else for a sustained rise?
Thoughts?
I thnk it's a sell from here, let's see if it can hold.