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+4%💪
Sp holding quite steady for a down day in the markets.
Not sure we are at the bottom. Volumes picking up but large volumes not yet coming in. If a fund wanted to clear out SP would have to fall further. Many funds have been burned here. Many like Lombards sitting on losses. You get no dividend here. Many hoping for a miracle turnaround. Wonder who is mopping up the sold stock here?
Touched 18.3p today. moved off that a got to 19p before pulling back a wee bit. but we're off the days low so hope there is more upside from here.
Why not let the share price drop and buy once seller is done. No point trying to prop up share and lose money. See what happens. Could go either way.
Interesting. all the big late reported trades were over 20p.
the sp is more or less at the lower bollinger band. so lets see if it holds and doesn't go lower.
5 down days usually = oversold and due a bounce. lets see.
Looks like big buys (i think!) after market has closed, good director buys, at .20..., good main share holder portfolio...
News due?
I would not be buying in now. There is an article on ADVFN about how semiconductor demand has fallen again. Still big risks here for IQE. Lemos must know what short term demand is. Brokers are predicting losses of 10m in 2025. When do you ever see this share making money? Sit from side and watch for now. Maybe the turnaround will come. Just does not feel like it is due to happen quickly.
Back today at 0.1984. sold around 25p mid april. the last time the sp was below 20p was 1st day of the placing? sp did go below 20p. then bounced to around 24p i think.
When you try to push a share below 20p and you get to 19.90. hmmm
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.