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Is this good news? IQE previously suggested 1 billion cost to get Wales up and running. That is over 5 times IQE net worth.
IQE £165 million
Alwaysone - how exactly can you tell whether it looks like a dead cat bounce or not?
Daft thing to say IMHO.
Well I'll take oversold GoTrader. If they could do it all over again that would be nice!
And the rise continues. Doesn’t look like a dead cat bounce…let’s see
To be fair it went back up to 60p more on hope than any signs of real orders in 2022. Hard to know if it was over sold at 13-14p. If shorters clearing or someone else just mopping up stock. Volumes still very low but clearly demand for now. I don't expect a TU this year. Even if they did what would constitute sales well ahead of what they promised in H1 results? 120M turnover? Or large scale new orders? Think too early for that. So maybe just oversold. No director buys at these lows.
Well between yesterday and today I have sold about 2 thirds of what I had so I am sure this will keep on climbing just to teach me another lesson I won't learn from! To go from 13's to 16s in a few days on no news makes me think it's just as likely to get pounded again in a week or two.
Alwaysone - better than nowt I guess, but we’re really just back to where we were a few weeks ago.
20% up in a week....it's a start I guess!
Yep. Lot's of hope for LIDAR, GAN power, HAMR, Micro LED, etc. I think everyone here wants to see the numbers improve as they come to fruition before there's any sort of rerate.
RPB1 - let’s hope you’re right. I do think LIDAR could be a bit of a game changer here.
Only problem is, IQE’s been “on the verge of going mainstream” since the late 80s.
New Reactors will help and customers & potential customers funding research. Just read a Infineon report detailing silicon, silicon carbide, and GaN. Making projections, for electric cars, power data centres ect, and how they would all fully transition form silicon to GaN by 2030. When Lemos says revenue will triple it really will. You also have all the M@A occurring, I read a report in Evertiq.com which details the M@A in GaN companies. Problem is this co is being shorted, I think all the companies I have seen being shorted only a couple went bust. All the others without exception have bounced back. (Anyone wants me to give them a list I can). This company has a leading edge in what has been a niche market, it’s on the verge of going mainstream and Lemos is the man to do it.
I thought the last report read ok considering. If the industry you are in is suffering, all you can do is mitigate and right-size. I thought the pipeline looked quite encouraging. They need to somehow reduce the income reliance from smartphone ... no idea how they effectively do that though.
I think he’s doing a good job under the circumstances.
Agree some funny trades going on. It looks like it's being taken down in tranches on pretty low £ volume. I set up an order last night at 13.20 and got none this morning. I'm sure we will eventually get an RNS but can't see how any holder would want to be selling off into the 11s/12s. Maybe its just a dumping to actually make a purchase play to increase holding. Anyways, happy with the lot I have got so far and will see if that 13.20 appears later.
Classic auto trades. I wonder if we might see another large sell from Invesco appear later. These could be canaccord auto trades.
Early trades today at mid 12p. Weird. A lot of volume today considering the hour.
To be fair most of this would of happened anyway even without him.
Since the new CEO took up the post he has managed to absolutely destroy the SP.
Hope you're right joseywales. Being at the start of the supply chain IQE earnings should pick up ahead of the next upturn. Some positivity from Samsung today calling the bottom of the downturn in chips.
On paper IQE with all it's skill and products it should be making millions. Sadly the industry just ignores it. Share falling away again. Bad time to buy here. Let it drift for 6-7 months. Then take a look.
I'd agree with what you say on gloomy outlook short term. However, closer to the end of that cycle than beginning now. The issue on this is simply larger holders needing (or wanting) to sell off chunks of holdings. Maybe GSA got wind of a sizeable sell order going into the brokers and we'll just have to wait and see where that bottoms out (if it has not already).
When it comes to the company itself, hopefully it will get sold off in time .... it's just a minnow in a big pond really. It's just never going to be a scaled business with margin and profitability which is sustainable in the long term. It's just an industry where scaled players can navigate the volatility a bit better.
IQE is an innovator ... an R&D department (if you will) for a large global player who could snatch them up for £250-300m.
Recent results from chip makers (especially Nokia demostrating what a failure mm wave 5G has been) signal more pain ahead. It's a very gloomy environment out there for IQE at the moment. Only glimmer of hope I can see on the horizon is Seagate finally giving 30TB HAMR drives a big push at the start of 2024. Hopefully they're using lots of VCELS mass producing as we speak.
No. Nothing has changed as far as I can tell.