Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I understand what you are saying GoTrader, but often share prices are not driven simply by fundamentals. Fledgling IT companies, and even giants such as Facebook had huge valuations before they even turned a profit. VRS is another good example. Another argument, therefore, is faith in the company's ability to perform well. Tomorrow we shall see whether Apple's news will have an effect on IQE's sp as a downstream supplier.
Perhaps this fall in the share price is one way to shake out some shareholdings in order to buy cheap and capitalise on IQE's true worth. Kind of hard to believe that this could be engineered, though. Less than a year ago the shares were valued at 140.00 by institutions and others who provided the capital to expand production. Those valuations should not have dissipated in the interim when nothing concrete has arisen to affect IQE's worth.
I had forgotten about the road show. It clearly had no positive effect on recent share price movements.
The 60p valuation was probably fro some hopeful shorter. Your points were well made and this is what I was referring to in terms of beating the drum for IQE. This kind of activity helps investor relations and makes shareholders feel more comfortable with themselves and their holding. More proactive PR from IQE would not go amiss.
BTW, I will add, like most of you, I am getting "urinated off" with the drop in the share price and the lower ranges after each cyclical pullback. IQE could be me proactive with its investor relations-side of PR which might offset some of the falls.
I am not so sure that IQE's shares will be that affected significantly by Apple's news, whatever that may be. IQE is a supplier to Apple only down the supply line, not directly. Of course, this can still have an effect. It would be helpful as investors if we knew more about the customers of IQE, the date of appointment of the new FD, and exactly how the company proposes to position itself going forward without the usual rhetoric and corporate bull****. As for the shorterrs, they will get burned when IQE releases some genuinely potent details that show in no uncertain terms that the company's direction and increased production capability are making a big difference to the bottom line.
I take it that this is some kind of ****-take? What does a 132-day cycle have to do with the health of a company? A 22-minute chart is clearer than a 21-minute equivalent? Surely a 30-minute variety offers even greater accuracy?
It could go lower. A stronger indication of its real value will be apparent when Boo makes its next corporate announcement. Until then, expect price movements baed on reactions, rumours, and any news from external sources that may affect Boo as a a company, such as a factor that might affect a niche clothing market. NB, my example is illustrative only.
Boo is a heavily traded share that does not attract 0.5 stamp duty for each trade, It attracts a lot of traders who play the market, and this, of course, includes shorters. I expect the vagaries of the silly season will continue to have a sort-term effect on Boo's share price, and other high-traded stocks. The fundamentals of Boo are what ultimately determine the price, and there isn't too long to wait to learn how they are panning out…
What's up at Bo? Surely not the reiteration of a broker note calling the price at 1.45?
Why is there such a big spread in the bid and offer price?
I saw that mentioned on ADVFN, too. In fact, I was looking at a few boards today and noticed some posts are repeated across the forums, often with a subtle or direct call to action. I hope tomorrow will see another rise in Versarien's SP for the sake of all here.
lse: Were you reading the sells on your data platform and surmising that they were Milton sells based on some people saying that it was Milton selling to raise cash to address another matter? Just curious. At any rate, quite a jump today and let us hope we can smash the 80p barrier next.
There isn't any real substantial news. There isn't much volume. Until then, hold.
Such an unusual share. We have the shorters on one side who keep taking the price down, based on their belief that IQE is worth much less than the market capitalisation. On the other, we have IQE's fervid supporters�although, not to the extent of Versarien's rabid fans who wait in anticipation of the CEO's tweets. This share should grow in stages, and it has come a long way over the past year.
Judging from the PP of that presentation, I'd say you would have had to have been there to gain insightful information, assuming any came out during question and answers.
Why buy at 115p if you think it is going down. Why not wait and buy at 90p if you think that is where the SP is heading?
I should say the converse, I bought it on the basis of a good financial picture and good pmanagement when the opposite proved to be the case.
Well, I hope you are right, RB. I bought when the share was �1+ on the basis of an inaccurate financial picture and bad management. I hope the investors decide again to put in some good money after bad.
A director selling shares before results that take the price down even further--like a drop of nearly 60%. A management that has burned through millions in its last placing and looks like it may need another, brokers and Shares magazine saying this was a good investment. Bear in mind that Shares magazine is given to AJ Bell customers who buy shares for their SIPPs, what a total disgrace. And the product is toilet paper and tissues. Unfortunately, the only surplus exrement that still needs wiping is at board level.