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Gotrader - nobody cares.
8m and 2.25m trades gone through today and Friday.
Is this Citigroup selling more shares to Canaccord. 20+ automated trades with similar times and SP rising. Or are other funds at work?
If they want to update major shareholders page good idea to clear up buyers and sellers now. I can't see Canaccord going over 20%. They could in theory add 6% more?
Thanks for the info. The sector seems to be looking more positive on the Nas.
No. They only have 3m debt and a 30m debt facility. Revenue forcast to rise to 146m this year. Brokers predict 14-15m loss this year. Closer to 11m loss in 2025. If big orders start to happen revenue could rise and SP should rise with this.
Presently they are trading as expected. Hence 20p share price here. If things go well next cash call will be well above 20p.
They have agreements with partners to help buy new tools. They also did a debt forecast in the last results.
Anyone think they’ll have to do another placing to raise cash?
Anyone think they’ll have to do another placing to raise cash?
...quite likely they crossed over at GF, if not, they'll certainly have plenty of mutual connections from their time there, even though they only overlapped Feb19 to Dec20.
it's a small world at that level for sure.
Alwaysone - the share price might stabilise slightly. But until there's hard evidence the figures are actually improving, I see no reason why it'll build. It's already given back some of the early gains since this morning's RNS.
Gotrader - Lemos will definitely know her from their GF days as they overlapped. She joined in 2018 & Lemos left in 2022.
Share price should consolidate and build from here. Good update.
I wonder if Lemos knew her from GF?
...CFO hire looks timely and should add confidence and weight to the senior management team, according to LinkedIn Jutta spent 10 years at AMD (Dresden), 12 years at Global Foundries (US) and the last 2 years at Intel Foundry. Well connected then.
They were never going to under hit 115m. They had 30m of stock to clear. Some of that had to come back in H2. 21p is fair price for now. Seller in background but big funds still increasing stakes. Canaccord still buying?
I see this as very positive as well. Given the state the market and the world generally has been over the last 6 months I was getting worried we would see the 2nd half coming in under expectations. Also builds confidence in the new CEO's understanding of the market.
Still on track to lose circa 25m. So hardly worth 100p. 2-3m ahead of broker figures. Figures hardly matter as long as they get the 2-3 revenue plan.
So 63m H2. So maybe base 126m for 2024. Brokers predict 146m.
An excellent update from IQE today:
* Revenue for the period is expected to be at least £115 million
* A more than 20% increase from H1 to H2 2023
* Adjusted EBITDA of at least £3 million and a net debt position of c.£3 million
The last time IQE was producing results like this the share price was over 100p...
Good luck, Brighty
There hasn't been any news coming from the company.
Many posting in ADVFN. Be pretty hard not to meet such a low target here. Trading update in 1-2 weeks? If good share price should rise with Canaccord likely still buying. CEO made big buy in last 2 months. How much are all these new hires costing? Big plans. Let's hope it happens regarding huge orders coming in.
Close to 1 month without any post, I know the share price is moving lower, but that is normal after doubling in price in such a short time, still retracing these days, but maybe soon will be time to pick up a few, once she decides to stop falling.
The only puzzle is who are they buying all the shares from. Or are they mopping up all sell orders. Or offering to buy out investors. Invesco finally only do 1m denomination trades.
Well done Gotrader…looks like you called it right again.
Invesco might be selling again. 3x1m trades and lots of same times trades likely Canaccord. 2x 690k trades too. Reverse trades?
Nice one….I have been here for 23 years and it has cost me a fortune to be a shareholder….where is my long service award! ;o)
As IQE is alrady a supplier to BAE this is positive news.
https://www.nytimes.com/2023/12/11/business/economy/biden-chips-bae-systems.html
https://www.reuters.com/technology/us-plans-35-million-award-bae-boost-chip-supply-f-35-2023-12-11/
100% funds like cannacord are looking forward 2-3 years. fact they agreed the ceo bonus package shows this. it also gives an idea of where the fund expect iqe to be. given the dilution from the share issue 70p is not impossible. they have a long way to go for sure. i don't think anyone saw covid or russsian war coming. in fact it was during covid that iqe surged in price from 20-70p or so. if anything covid encouraged people to buy some goods whilst stuck at home.
i am not sure the share price will dip much. ceo seems very confident here. we know sales are at likely the floor already. the sp should really go up from here. if iqe start putting big orders for new machine this will be a good indicator. the diversification to gan will be another signal to the market. were likely a few years away from this new ev battery site.
when i first saw the 20p placing my gut was it would drift which it did. however the funds backing this share and ceo have forced it back about 20p. iqe at the share launch was suggesting the share was diso****ed at 20p. there is no big sell off at 20-21p. i think the overall market is recovering. so the dip in 2023 was likely a one off. i suspect 2024 will see strong sales growth. can they match this 146m target is another matter. it's not impossible if the stock in the channel has been cleared. if they are getting new contracts with 30% margins that will be good for the bottom line. sp next year will all be about sales recovery and future orders. i would like to see gf start making big orders. see what 2024 brings.
not sure we can expect much before january. if the firm is doing well i would expect little news for now. if there is a positive jan update then maybe the share will start to gain traction. for now cannacord will keep buying till they reach their holding target which could well be above 15-18%.