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Sadly shorters in background still. Canaccord can only buy up so many shares. Small volumes makes shorting easier.
I didn't look much into it but I think a significant slice of the revenues comes from customer's order for R&D purposes, so without the same reassurance of repeated orders as productive orders. IQE needs big contract wins. Is the market too immature to take IQE advanced products? Or is it down to a prohibitive price to benefits ratio?
I think you are right, trading update will be later in May with nothing major to expect (or we would have known earlier).
I was expecting the new CEO was much more on the productionisation rather than innovation and prototyping (although the two go hand in hand).
At the current share price the market cap almost matches the net asset. The share price has been extremely volatile in the past 20 years, hence the current weakness does not necessarily suggest more headwinds, uncertainty perhaps.
I will keep holding my small position (at least it keeps this little player on my radar).
Sadly at present I think IQE are trading as expected. So results maybe as late as May. They need to increase revenue to meet current broker figures. 115-52=63m. I would expect a min of 63m for H1. I do think Gan sales will help H2. 146m is average broker target for the year. They have ditched 3/6 of their brokers. In fact not had a broker report in over 12 months.
I completely missed that one. Thanks for pointing it out. Mention of AI usually puts rocket fuel under a company's sp but in this case I doubt we'll see the impact for a while as it takes a long time from IQE accouncing a new product to affecting the bottom line.
What's about today's RNS?
Well my view is no results this month as no date on their website. In theory a TU next week but maybe results in April/May more likely. To be fair everyone is guessing.
When is it reasonable to expect the next trading update?
20p per share. So £1.5m. The others share he bought around 17p. He is happy to invest here so that is areally good sign.
Amazing thanks GoTrader, I couldn't find this info. How much did Lemos pay per share for the purchase of the 7.5M shares?
Share issue of 150m shares. He took 7.5m shares back in May 23.
In November Americo bought 1,367,012 shares, holding a tolta of 9,837,469.
I cannot see any trades to add up to the almost 10 millions figure. How did Lemos get to own that many shares? Are these paid out of his own pocket?
Jolly - Take your snout to BXP. likely to be more fulfilling. IQE will struggle to ever make a decent profit,
I cannot see why they don't raise prices to ensure a decent profit margin. Should be possible for a 'worldleader'.
Price lowered so funds can swap shares. Then price back to 24p market value IQE suggested before the share issue. See if Citigroup hold the share now. Not expecting a TU in March. Last year should of been a one off.
My snout is whetted
Snouts in he trough comes to mind.
He Jolly, I see you are here, and as elsewhere ...tryng to talk the share price down... .before dipping your snout in the trough?
Strange price action today …,
As expected the SP has dropped allowing Citigroup ? to clear? 25m is about 2.5% of shares. Of course we know Richard Griffiths has a lot of loaned out shares too. Not ruling that out. See what RNS follows on Monday. My gut was Citigroup bought the shares to sell on as Invesco wanted out.
If this is about the AMS news then SP will stay at 20-21p. Otherwise I expect the funds backing IQE to buy up shares at this price.
At multiple timeframes
still not had the sub 20p opportunity, but, given absurd volatility....
24 mill there?
The options were awarded today or yesterday, why are they looking for the share price being lower so dates over a month ago .......
Yesterday news .. https://www.lse.co.uk/rns/IQE/iqe-options-issue-directorpdmr-shareholding-nnk77xofs4lmtlq.html
"The number of options awarded have been calculated based on the average volume weighted IQE plc share price on the three trading days preceding 22 January 2024. The Options will vest in two equal tranches over two years subject to continued employment.
Looks like the fall is related to AMS. Have Apple ditched a major project?
https://bnnbreaking.com/finance-nav/stock-markets/ams-osram-shares-tumble-45-after-apple-allegedly-cancels-micro-led-project-impacting-future-plans
Questions around when, and what price worth paying?
I've bought a tiny 10k, and will look to build sub 20p if possible
Hawker - I hope you're right to feel bullish, but don't really think you can read anything into their latest update.
To me, it's the usual vague jam tomorrow optimism we've been fed for years.
I'm not saying the mood music won't improve, as I think it probably will. But I doubt there'll be a significant uplift between now & May. More like the back end of 2024 at the earliest IMHO.
Thinks it’s worth re-sharing the CEO’s comments from their recent update on Jan 26th… to your point LoL, it’s all about the bottom line and the comments suggest we should be in for a bullish update in this respect, plenty can happen between now and May when they’re next expected to update the market…
Americo Lemos, Chief Executive Officer of IQE, comments:
“I am pleased our business performance was aligned to guidance despite a challenging macro environment. We returned to growth from H1 to H2 2023 and expect this positive trajectory to continue in 2024. Additionally, we made significant progress implementing our diversification strategy, expanding our customer engagement pipeline and securing multiple design wins in GaN Power and MicroLED markets. Our strategic investment in GaN capacity in 2023 is anticipated to unlock further opportunities throughout 2024.”
Gotrader - will you EVER give up on your endless speculation about which fund's sold to which other fund?
All so utterly meaningless. Bottom line is the only thing worth focusing on with IQE is - er - the bottom line.