Member Info for bandit1

Almost certain these are sells but no concerns from me as they could have happened at any time during the day and are reflected in the closing price absorbed by the swings and roundabouts. Doesn't mean that the MM may decide that it will be a good idea to open tomorrow down to collect some shares I just try tend to ignore these things as they are irrelevant in the scheme of things.

Yes it should if they get their act together but the CEO has a lot to do. I sent a strongly worded note the company today suggesting that they need to toughen up their approach in Tanzania and sell their stake if they cannot find a way to deal with this government. Who knows what the next step there is but this is now close to a 5-year low so unlikely to drop too much further.

So, the share price was hammered today and to be fair the Board deserved that. CEO is under pressure now to sort the mess in Tanzania out, to sort communications out and to improve efficiency across the whole business to reduce debt levels which have become too high. I decided to build my stake again at 65p and can be patient for a year or two to see if they can restore past performance levels. Not expecting too much in the short term unless and until they can attribute revenue for the seized parcel and successfully re-negotiate banking facilities. Over to you Petra.

These results do not make great reading. The share price disappointment over the last year reflects this update in my view so should not drop too much today, but who knows. I am glad that I took the decision to sell down most of my holding last week as I posted. The debacle of the missing parcel continues unresolved. The elephant in the room is that the company is assuming that the parcel will eventually be released allowing them the hit their 2018 guidance so if it is not they will not! Also, the banking covenants will be adversely impacted in the same manner. Despite the fact that the government owns 25% of this mine, the company cannot influence the government even when they have complied with all rules and regulations - are they just too honest?

I have recently placed a property on the market. I have always baulked at the commissions charged by high street agents. Yes, there are some excellent, knowledgeable professionals who can add some value but in an unregulated world there are also many cowboys who give the industry a bad name. Reality is that Rightmove have turned the market on its head. I met with the senior partner of a local agency who I had met before having lived in the same village for twenty years. I also met a PB LPE. The best word I can use to describe the traditional estate agent and his approach was complacent. He had poor comparables, took few notes and said he would charge me 1% for the privilege of using his firm to sell. The lady from PB had good comparables, was eager and the fee worked out as 0.1% so a tenth of the traditional agent. Needless to say, I sent the local agent an email citing Countrywide's recent problems and asking why he thinks that I would pay him ten times what PB would charge when they would both simply upload my property details onto Rightmove. He didn't reply to my email. Yes, just one example but it makes the point that structurally, the traditional agents will either disappear or be forced to change their model. Why do you think PB shares went up when Countrywide went down? There is a direct correlation. I am content to do the viewing, negotiate and I want good data so pleased that the industry is transforming rapidly not before time.

I agree that shorters can force down a price beyond fair value but as long as the share register has a good base of institutions they will not allow a cheap sale. Also, any rumour of a bid or even if there are no rumours the announcement of a bid at say a 30% premium which is typical, the shorts will close asap driving the price up so I'm not too concerned about that possibility. This will turnaround and I am still long having sold down a little but feel a little nervous increasing my investment here at the moment. I think I am prepared to sit on the sidelines but keep a close eye before adding more here.

Impossible to know as management have been silent. I expect that they will squirm about the missing parcel of diamonds as they will have no revenue to include and no explanation as to why they have been taken. Not great for shareholder confidence is it? I sold down 2/3 of my holding when the company stone-walled me and may increase my stake again but that will be dependent on the outlook and whether I feel they are being straight with shareholders. I have a simple rule in investing which is if you don't feel that the company is playing with a straight bat and the comms are poor then de-risk. Not sure about the first point and not content with the second point so I will either sell out on Monday or buy more!!

I invested in here last July with a sizeable chunk for the same reason as most expecting a generous dividend with low risk at �1.63 thinking it was a decent entry point. The pronouncements by Labour's top 2 at the end of summer put the brakes on here in a major way and talking with various folks in the financial world it was a wake-up call for a number of sectors that may be impacted by a severe implementation of hard left policies on U.K. plc if they get back into power. I sold out for a small capital loss before Xmas fearing what might come. Sadly the problems in the PFI/construction and outsourcing sectors has hit this fund again. As someone suggested the choice is to ignore the capital loss and enjoy the div which will hopefully be preserved and hope again that there will no be major policy changes which will further impact the funds performance. This has acted less like a fund and more like a share of late and has forced me to re-think more laterally my fund investments and the potential political risks which may impact.

I am sure that you are an intelligent person and understand that if the company is wound up then the 10% of PI's will receive the same div as ALL other shareholders. If a RTO is what transpires, all shareholders receive a new holding based on the new structure of the transaction proportionate to their holding in SLE. I cannot understand why you think that Toscafund would sweat over a deal which is designed to stuff the 10% of PI's and risk their reputation, litigation etc, etc. This is fantasy but if you are correct and it does happen I will be the first to say congratulations - you were the only shareholder who guessed this correctly.

There have been issues with the platform here over the last couple of days. I have emailed them but no reply. It seems to be intermittent with trades frozen meaning that charts are affected etc. Hope the upgraded platform performs better,

I really think that some people should read a little more about short selling as it is an important function of markets providing liquidity, allowing hedging opportunities and most importantly for price discovery. If management are doing a poor job, the company is over-valued in the eyes of some or any other reason why some believe that they want to risk their own money on client monies on the price dropping what is wrong with that? You can lose going short in the same way as you can lose going long. Markets are about assessing risk and taking positions based on ones view. Do you ever hear short funds complaining that going long should be made illegal? It is not a god given right that shares should go up so please educate yourselves and stop winging if your trade is not working out today. By the way, I am long IQE at this price.

Gents just to say that these trades which are time stamped after auction give no real clue as to whether the trades were buys or sells. Best to ignore them as all the blues could be sells and reds buys. If the time stamp is between market hours it is much easier to match the trade to the spread at the exact time. Just saves time speculating when it could be spent on something else.

I wish I had filmed Level 2 order book today and the reaction of some people during the drop with usual folks selling out fearing the end of the world etc. This is a brilliant example of negative momentum with large short positions creating blind panic and as always the weak sell and some folks have done very well today. For those who sold at the bottom and there were many, best to learn from this as it will happen again and again with this share and many others. I never boast about my entry and exit points and how much I make and others might think before they do as it frankly means nothing, winds people up, they are the gurus who always sell at the top and buy at the bottom, yada yada. As to the shorts, rest assured they are still in here big and I would guess they have barely shifted their positions after today. I am keen for them to do so however asap.

Well it has taken a large part of the trading day for Level 2 to settle down on the offer. Looks as though this may tread water for the rest of the session unless some big players get involved again and it bounced off 100p. where next - who knows?

If you have to ask I wouldn't bother!

Not sure to be honest. I try and keep it simple and buy on the fundamentals but trade volatility so if it drops further I will buy more with a short term horizon but will hold my main block until better times ahead. I find that trading sharp movements either way helps me to absorb the paper losses much more easily ie. helps wallet and mind at the sale time!!

People would do well to remember that there are long only and short only funds out there There are also funds which do both. So, the long funds are clearly not feeling it at the moment and so the shorts have the power and are making a lot at the expense of those less experienced who panic and the MM, well they love the volume. These high growth tech stocks are by definition high risk and volatile. Look at the drop at Bango today which raised �5m with a hefty discount but how else will they grow exponetionally? Some should stick to high yielding blue chip defensives if you cannot deal with the volatility. I struggle at times too but it is my money, my decision and I can't really blame anyone else. Even if want to, no one gives a damn so I just get on with the next decision and hope it is better than my last one! So, do I buy more now or wait?

So, �120m give or take has been wiped off our value in a couple of hours. Nothing has changed since investors stumped up �95m in November. Unfortunately they are over 20% down on paper. This is all about sentiment and momentum which works both ways. As I said before, keep an eye on the short positions and at some point you will see their positions reducing when the company announcing some reassuring news and the momentum will swing back the other way. Let me say again we have a strong balance sheet after the cash raise and this company is going places but panic selling is a normal part of market psychology just painful to watch.

Seems to me that they had to raise at such a discount due to the amount raised and they were clearly very keen to make the acquisition perhaps in competition with others. A bold move but gives management a nice war chest to expand further and fact is, whether we like it or not, these high growth companies need cash. Ray will know he has to keep his foot to the floor to justify this placing to existing shareholders and to maintain momentum which is critical in these markets.

Challenge with the share price at the moment is that we continue to move up the table of most shorted companies in the U.K. Market which says it all. Unlike those above IQE ( incl. Carillion, Debenhams) we have an exciting future full of opportunity and potential with valuable IP but in just a couple of weeks an additional 8m shares were borrowed and sold short so the price is likely to go one way. It is clear that those short funds feel strongly that IQE was significantly over-valued. I am hoping that we have reached a point now that the shorts will start to unravel their positions which will reverse the downtrend as they make a lot of money from 180p down. It could fall a little more but worth keeping close eye on these short positions to provide a guide as to where the bottom may be.