PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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Hmmm, according to Deloitte the top 10 global chip companies’ combined market cap is down 34% from US$2.9 trillion in November 2021 to US$1.9 trillion in November 2022. 2023 is a pause and reset year. IQE isn't even a semiconductor company. It relies on longer product development cycles and so any recovery in the tech sector takes longer to reflect anyway.
I consider that IQE has acquired considerabkle expertise at something: Making Losses.
Previous CFO was useless (& pushed out). That said, these results are dire.
CFO bailing was the red flag
If you think the semi-conductor industry is cratering it's hard to take you seriously.
How is the market booming? It's absolutely cratering outside AI hype.
Terrible update…net cash at 5m??? 150m mcap
Thought the semi industry was booming as well?
All IMO
Double digit growth from 52m. That 30m stock was never lost business. Hard to determine what this actually means. They need 70m in H2 to reach 120m. That requires 30%?
The excuses about a semi-conductor downturn no longer make any sense when apart from IQE the industry is absolutely booming
Very much a Jam tomorrow update, the figures are horrible compared to last year, let’s see if the market believes them.
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.