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Horrible results in a horrible business cycle. Will be quite the turn around from here if they can be profitable by the end of the year. Will be a very optimistic sign the cycle has bottomed should it happen.
Hopefully Mr Market will be very forward looking on this share, as that H1 performance was pretty bad! I'd love to see the internal forecast that is turning a profit by the end of this year.
IQE anticipates double digit revenue growth in H2 2023 versus H1 2023, and expects to be profitable at an adjusted EBITDA level for FY 2023. That's encouraging news...
Good luck, Brighty
Funding from HORIZON would be good, but we have only just rejoined.
Many wasted years
Never mind...
I'll double down if there's a big drop tomorrow. The demand cycle they are in, sucks. This share has done me well in in the past but I definitely don't consider it a long term hold type share. At some point it needs to be swallowed up by someone.
Joseywales - that's a brave move and I hope it works out for you. Presumably you've followed this company's history (& share price movement over the years) so you know the risks. Good luck, speaking as a long-suffering holder with major false dawn disorder!
Seems like these have been sold into quite considerable over the last weeks or so. Just bought in as the news seems already well covered and can't imagine anything more drastic coming out of tomorrow. They are simply in a real demand trough but their technology is a pretty essential one feeding into the hardware industry.
Not even sure now about 12p I'd rather wait to see good support around there first.
But that assumes things will stay where they are. Whilst IQE has been fairly rangebound this past month, its trajectory has been firmly downwards over the last 90 days..
Results & outlook on 12th could well shake things up again (for better or worse), making recent short term trends an even less reliable guide to the future.
If funds are holding price between 17-19p maybe less risk.
Buying at a lower price than you sell is generally the way to make money.
Only problem is, there's no guarantee once you've bought that the price will subsequently rise.
Right now buying at 17p and selling at 19 could be a way to make money here. Share may continue to do this while Invesco sells. Results would be big unknown.
Sold out at 19, didnt think bounce had legs….just bought back in at 17
2m trade slipped in so volumes closer to 3m now.
Graph watch shows share falling back from 19 high as volumes fall and share price falls back too.
Really all just meaningless with 2 brokers buying and selling between 17-19p. This will continue till Invesco stops reducing here. Sooner or later an RNS will appear for the buyer but 3% required if a new holder.
Yes, keeping an eye to see if just a dexd cat bounce
19.02p +0.84p + 4.62% --Today is the second day on the rise and volume above the normal, after some time on the downtrend, maybe is time to start motoring UP
2 months chart with volume https://uk.advfn.com/p.php?pid=staticchart&s=L%5EIQE&width=600&height=230&p=2&t=1&dm=2&vol=1&cb=
Got to the 17p level now i bought some today.
Main reason for the fall is a major shareholder appears to still be selling. No one is expecting miracles here. They were 4m off the suggested 56m.
I‘m working on basis price is drifting south due to stream of bad macro-economic news, especially in China, usual August apathy in the markets, and bearish comments from last 2 market updates. But…this is a cyclical stock, inventory levels in compound wafers will eventually drop, the demand for IQE’s products is potentially huge, and Lemos has recently put his money where his mouth is when it comes to IQE's near term prospects by buying £1.5m worth of shares. If trading update with FY results on 8 Sept is horrendous then guess shares could slide to 12p v quickly – if not current prices will be seen as a steal in 6-9 months’ time.
Not at all -- there is a support level around there set some years ago. I bought at 12.5p back then -- sold at 24p thinking I'd done a great deal. I think it trebled again after that.
Yes, I'm guessing it would also be a random figure, plucked out of thin air.
Now that would be a great entry price
Well looks like it's 12p after all.
Looking at MasterRSI chart looks like bottom of trend channel is 17p ish.