RE: 12p24 Aug 2023 11:57
I‘m working on basis price is drifting south due to stream of bad macro-economic news, especially in China, usual August apathy in the markets, and bearish comments from last 2 market updates. But…this is a cyclical stock, inventory levels in compound wafers will eventually drop, the demand for IQE’s products is potentially huge, and Lemos has recently put his money where his mouth is when it comes to IQE's near term prospects by buying £1.5m worth of shares. If trading update with FY results on 8 Sept is horrendous then guess shares could slide to 12p v quickly – if not current prices will be seen as a steal in 6-9 months’ time.