RE: What to do?21 Jun 2019 16:00
"The shares have plunged by 37% to 45p on this news but that still values IQE at £350 million. For a company that will soon be in net debt and which looks set to burn £45 million of casg this year and where there is clear balance sheet risk that looks mighty generous. Fair value is, perhaps, 25p".
They are not though....see carphone etc. One point made is that text is no longer a selling point. Apps are free to download, modern and the youngsters are moving on.
Take care with this..... a profit warning often comes in three.