Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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14p-15.5p area. just looking at the chart. if 20p breaks..
It would need more bad news for it to reach 15.5p. If there was a bigger downturn they would announce further cutbacks. 7% does not really show any seriious intent. 165m turnover predicted for 2024/2025. That is not great. Based on their current operational gearing they need to be hitting 200M+ to be making money. Maybe 185-190m to break even.
Market cap currently 199m. If they burn through the 30m and revenue does not increase then SP will fall. If they don't hit 147m then Sp will likely fall. If we get another bad TU before Jan that will be bad. They could do a closing statement but we already had the share issue update. Companies really don't want to be updating the market each 2 months as that looks bad.
Given how inflation is at 7-8% and revenue is barely at 2017-2019 level that tells a story. If they reach 165m next year it will have taken 7 years to grow revenue from 154-165m. Assuming they even hit 165m. Current expectation is H2 will be a recovery time. H1 results will be painful to read.
This si all about the expansion plan now. do or die. If you can't expand slash costs by 30-40% and go back to a smaller business with a much lower cost base. If that was to happen Lemos would of failed.
Whose target might that be exactly. And what's it based on.
Strap in guys. 15.5p target here.
Https://research-centre.barclays.co.uk/shares/iqe/broker-views/broker-forecast/
2025 brokers forecast 165.88m revenue with a -10.79m loss. So 32m loss expected over 3 years.
Assuming our new CEO can't bring in these massive new orders he has promised.
Think you've answered your own question there Alwaysone! If charts were any kind of magic bullet, don't you think everyone would be using them. For a start, how can they possibly take into account any unexpected external threats (like a war in Ukraine or a pandemic - to name but two recent examples). It's all gobbledygook, dressed up as some sort of dark arts science IMHO.
I wish charts followed the patterns more often MasterRSI. Do they often work for you? We'd all be making money :)
22.20p +0.30p
Everything is in place for the run-up to around 25p in this cycle of the chart.
MACD has just crossed over the "0" line and also divergence ( blue line crossing up red ), bullish.
The rest of the Indicators moving higher from oversold territory
Chart with Indicators .. https://i.postimg.cc/NGR4vyFt/big.gif
Stoater - "world class and well respected"? You're 'avin a larf.
Tim Pullen was at ARM 19 months. Over 4 years at IQE.
The Tech business going places in the US ....
" The technology-heavy Nasdaq Composite added 202.78 points, or 1.53%, to 13,461.92 in its biggest one-day percentage gain since May 26. "
We did have a world class and well respected CFO who came from ARM. I’m more concerned that he is leaving so soon after being hired.
Agreed. CEO is clearing out the stables and has ambitions of putting together a world class team.
I don't like it when CFOs suddenly quit, but have a feeling that something is brewing here, so have just invested.
21.75p +0.60p
Looking good once again, in looking at the Intraday chart
12 June 23 - IQE plc (AIM: IQE), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, has appointed Peter Rabbeni as Senior Vice President, Communications Infrastructure and Security Business Unit. In this role, Peter will lead IQE's expansion within the communications infrastructure, data centre, and aerospace and security markets.
Peter brings decades of experience in the semiconductor industry to IQE. He has significant executive experience in business development and sales across the wireless industry, underpinned by a background in product design and engineering. These qualities make him the ideal candidate to grow IQE's presence across its key growth markets.
Peter joins IQE after over a decade in executive roles at GlobalFoundries inc. ("GF"), the multinational semiconductor manufacturer, where he was most recently responsible for foundry sales partnerships and business development. In this position he led regional strategy for growing foundry sales partnerships and business development, as well as restructuring the Aerospace and Defence segment. Before this, he was VP of the Wireless Infrastructure and Satellite Communications business unit.
Prior to joining GF, Peter held various leadership roles at IBM, as well as engineering positions at Ericsson and Raytheon.
Americo Lemos, CEO of IQE plc, commented:
"Peter is an industry expert with a solid track record of success across global businesses including GlobalFoundries, IBM and Raytheon. He brings a wealth of knowledge of the semiconductor ecosystem and deep customer relationships to IQE. His vast experience will help drive value creation and value capture for IQE, and enable us to deliver our strategic goals.''
Chip giant backed by France circles Newport Wafer Fab as bidding war looms
A microchip giant backed by France and Italy is among a clutch of businesses circling Britain’s biggest semiconductor facility after ministers ordered its Chinese owners to sell the plant.
STMicroelectronics, the Dutch semiconductor company which is partly owned by the French and Italian governments, and GlobalFoundries, whose biggest shareholder is Abu Dhabi’s sovereign wealth fund, are believed to have expressed a potential interest in Newport Wafer Fab. They are among as many as 10 potential bidders.
Nexperia, which acquired the facility in 2021, is understood to have opened the books to interested parties despite pressing ahead with a legal challenge to the Government’s demand that it sell the facility.
Former business secretary Grant Shapps ordered Netherlands-headquartered Nexperia, which is owned by Chinese tech company Wingtech, to sell the facility last year due to national security concerns.
Bidding is likely to be complicated by exclusivity arrangements held by former owner Drew Nelson, who is also seeking to buy back the fab....
https://www.telegraph.co.uk/business/2023/06/10/chip-giant-backed-by-france-circles-newport-wafer-fab/
There are signs this afternoon that the share price wants to go higher
Indeed and share price now at a 5 year low.
Now we know why he didn't contribute to the fund raising. interesting to know when company first knew as that is important information to take or not the share offer.
Funnymoney: from their website it seems that EFH lend money by taking a transfer of shares as security, at some agreed ratio of the size of the Loan To the Value of the security (LTV). I assume that if the value of the shares falls below thee agreed minimum LTV, they request more shares to be transferred to them to maintain the minimum LTV, and this is the 'margin call'.
Re - sale and repurchase
On 1 June 2023 that Dr Drew Nelson, Non-Executive Director, has delivered a further 699,647 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to Equities First Holdings ("EFH"), having received a margin call under the terms of his sale and repurchase agreement with EFH, first announced on 06 August 2019 and extended on 29 July 2022 ("the Agreement"). The total number of Ordinary Shares subject to the sale and repurchase under the Agreement is now 12,821,358 Ordinary Shares ("EFH Sale Shares").
Under the terms of the Agreement, Dr Nelson is obligated to repurchase (and EFH is obligated to sell to Dr Nelson) the EFH Sale Shares at the end of a term ended 5 August 2024. The price at which he has sold and is required to repurchase the EFH Sale Shares remains 43.96 pence per share. All other terms under the Agreement, as disclosed on 6 August 2019, remain unchanged.
He loaned them out to a third party? He didn't buy any.
Guess thats s sign to buy more