The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Sadly this could test 60p soon. Which will mean 33% wiped off the share value. Which is odd considering how many brokers raised their forecasts here. Albeit most of them held positions here. Wonder if TRP will start selling from other fund. Have shorts reduced today? That could be 1 positive. I fear what good news there might be in next 1-2 months. This could be tough. My other concern is Wales site. With strong pound it's maybe no longer viable to expand. What will happen to it?
Yes it was that. I have only skimmed report. If IQE do manage to increase revenue then you consider buying. However Edison not predicting any decent profits. So no dividend on IQE for next few years. Even with profitability up they are not yet announcing an actual profit. Not convinced 2021 will be a profit either. Need a big turnaround.
So revenue was down in H2. Did you read bit about writing off patents near end of report? Which means millions spent to no avail. Also the CSC comments.
Note edison have reduced forecast for 2021 with revenue at 175m and PBT slashed. They mention value of the pound. So Edison have downgraded IQE today.
Quite fair. Revenue is static. Yes revenue is up year on year but at present it is deemed to stay at the same. There is to date no revenue growth expected for 2021. Edison had revenue for 2021 as 183m. So maybe a rise in H2. Of course that has not been suggested. The race up to 90p seems to have been market anticipation.
Any rise here may be shorts clearing. I don't think sp will crash. Just think it needs news to shift the dial here. When will iqe show a profit? 5m profit on 178m is not great compared to 6-7 years back.
Results came out at 7am. Still making a loss. Given huge rise in revenue is not great. They are starting to spend money on new production equipment. Not in Wales. Why they built the facility in Wales is a mystery. See what market think. H1 revenue similar to 2020.
More volumes today. Over 160k. Likely 1 buy and 1 big sell. Not many small with too much stock left. Azimut could get near 3% if they are buyer.
Looks like 1-2 funds here have mopped up the sold shares from other funds. FT shows Az Legan Administra??o de Recursos Ltda. as having 370k shares.
Azimut Capital Management SGR SpA with 462k shares.
Morningstar.com has Azimut Investments S.A. as 554k of shares.
One of the reasons for low daily trades here is Morton and Fiorenzo Tagliabue own 66% of the firm now. With Emma Kane and other directors about 6%. Leaving 32% in other hands. Of which 3 funds seem to own about 6-7%.
Lot of the sellers here seem to be old Porta investors such as Fideity whose original stake was pretty much down 90%. So if results show any kind of promise in May then could we see a rise here? Would Emma keep buying at these prices? As sellers run dry price will be pushed up with good news.
Do still seem to have 2 funds buying and selling taking care not to lower price here. Volumes are very small. Very few private investors involved here. Not sure if this presentation is important or just a standard thing. Doubt anything will get announced. Likely a lot of charts to show what they are doing. See what next week brings. I think reslts and Q1 figures will be key.
Results likely late May early June. Last year got a TU in May with lots of director buys in April. Albeit price was circa 28p then.
https://www.bbc.co.uk/news/technology-56433082
Samsung streamlining new phone releases. At what point does this issue hit IQE. Especially if Apple and others have limited production. Hmm.
Yes what they will do in next few years can never be certain. Making a profit was something that used to be in 10-20m. Revenue has not taken off hugely. It's going up 7% this year. Maybe more next year. That being said demand for mobiles seem strong. Can their new techs demand a good margin for this to take off? Currently no dividend. One to watch. If shorters thought this was over valued they would still be involved. Currently not a holder but share has shot up from 20p to 75p. Of couse for many this is just covering losses.
The company historically has never quite taken off. See what happens.
Suggestion on ADVFN is TRP cleared one of their funds but the other one actually took on 1% of their holdings. Which is about 8m shares. So quite a lot was happening last week. Shorts clearing can't be bad news.