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Even after all previous ****ty updates this stock has always bounced back within an average of 14 days!
258k buy trade has been cancelled. A 2 or so large 300K+ trades after hours.
Big trade for day was £501,093.81 around 8.28am this morning. Almost a million shares.
See what if any shorters have closed tomorrow.
Problem is your looking at bad full year results coming out early 2019. This could subdue the share. Results will be at least 12m down on last year. They may have all these IP and be a market leader in their field but they are no Apple.
The dis economies of scale in their factories is a worry. Should they be closing down a facility or are they sure they can get orders to fill them? Short term I am not so sure. Right now the Welsh facility seems a big mistake.
It's a lot worse. They had predicted up to 160m revenue. Now we're told 142m at best. (28m reduction.) Their revenue will be marginally better than 2016. With much higher costs given Welsh facility. H2 was supposed to be much stronger. So 70m H2 revenue. 3 years of inflation makes revenue flat.
I appreciate they have many customer qualifying products for production but these are simply not offsetting lost customers. So the RNS in July was almost meaningless as it didn't paint whole picture.
On top of this they have burned through all the 90m or so they raised on open market and added little or no value. With maybe 20m debt on the books.
When will they start to make a profit again? Next year?
Lower than expected is Negaitive,
I am not against anybody trading it's all about making money and honestly good luck.
Nobody wants to loose money we all invest different, to buy something looking for a bounce tomorrow? And it's stamp duty free and oversold,
So if tomorrow there is more bad news and goes down 20% we will here it all again.
It's gone down for a reason expectations were not met and shareholders are paying the price today.
Myself I want to see the dust settle and if Iqe can get to a position I am happy to buy I will even if it's 60p to 70p but not for me just now.
From today's RNS:
''IQE now expects to deliver revenue of between £136m and £142m, compared to the previous guidance range of £140m to £160m, including a forex tailwind of circa £3m.''
Dibeg - how can you say that this is negative? It is lower than expected, but not negative.
£100mln drop in SP because of £6mln and £18mln difference in estimated revenue?
This drop in SP is OVERDONE
Dibeg, with no dividend, the only way to make money has been to trade IQE. Not necessarily short-term day trading but taking profits at the right level and buying back in on the drops. Still think we'll see good times again. Just a question of when .... GLA
At this moment with negative results it's a day trader stock not a investment, ie pump and dump,
The rampers will talk the stock up make a few pence and dump it good luck not for me but good luck might be 40p tomorrow or 60p watch you don't get burnt or then again you might hit the jackpot.
And no stamp duty tax - so people more like it to buy.
70p was a little to optimistic.
Now it should settle around 60p
£100mln drop in SP because of £6mln and £18mln difference in estimated revenue?
This drop in SP is OVERDONE
Well, whatever your source, it’s a shame they didn’t reveal the whole picture.
I should have offloaded this garbage last week when my instinct told me.
Proctalgia
Sorry to be sparse on info but the answers are yes and can’t say.
ATVB
Farruggia
You seem to be well informed about the number and state of readiness of the Newport reactors. Are the details you give definite and what is the source of this information?
Sorry to be a pain in the ar..
Thanks, the insight is appreciated. I simply need to liquidate a few of my shares. At the moment I have an inbalance of tesla, but with the recent gains that is no bad thing. Even though I have selling any share until I have at least got back to even, it seems idiotic to wait on IQE any longer. that said, your points are valid and I make kick myself for the sake a a slight longer wait?
Copperband
Yes, it hasn’t achieved what I was hoping from an early start from the mid 40, that rushed high up to £1.70 and beyond, but it’s been such a yo yo share there’s been many opportunities along the way during the period you’ve held these shares to sell and buy back much cheaper therefore averaging down to reduce your loss along the way.
All that said, I believe you’ve now weathered the many storms during the period and I would now sit tight, the factory’s first phase is complete and 8 out of the first 10 bank of reactors up and running and producing discs , with the last two undergoing final client approvals,
Phase two bank of 10 already has two reactors installed and testing with the 8 remaining stations M&E installed apart from final connections as and when required.
But all that said you invested here for the potential and this is only ever going to increase in demand, when that will be who knows!!!!
It’s your hard earned money mate, you make the call that suits you best.
ATVB
Regards
Such is my disdain for this share that I have not followed any of the recent commentary.
It sticks in my throat that I bout around 130 with the predictions of it going to grow by another 50%. I have therefore lost half my money. I have held patiently now for a good few years and yet, despite all the waiting this seems stuck.Many might argue, the current SP is the true price and value.
Despite new news, new PR,etc,etc, nothing seems to be moving and this is certainly a share that i wish I'd never got involved with.
Am I being too harsh, is there a pot of gold about to appear at the end of a rainbow? Or, am I better to cut my losses and invest in the many shares out there than can help me redeem my losses?
Any opinions gratefully received :-)