Ennismore had a short position from back in 2013 when share was about 40p albeit it rose and fell quite a lot. I can't tell before that period. What is interesting is 68p is below the price they last returned their shares at. There was a 242k UT trade at close of play that looked like a buy. Even if that wasn't Ennismore. What if T Rowe Price is definitely clearing here I wonder if T Rowe Price will mix their sells with Ennismore buy backs? My original thought was Cannacord would take out T Rowe Price. Their Marlborough fund certainly seems to have bought a lot more shares. Albeit I am sure if ths was case we would see volumes of arranged 50-60m shares a day. Pending on price agreed. 8mx13=104m shares left.
All of this assumes both TRP and Ennismore want to clear their positions. If Ennismore view this as a short term dip in price they could well clear. Have we yet reached the bottom of this price dip? 2-3m volume is not huge at these prices. Definitely funds at play here.
I really doubt there are many short positions left. Most have closed. Problem is you can't see those below 0.5%. I see no reason for firms to start shorting here again. The borrowed shares from T Rowe Price are all returned. Could just be market sentiment or lowering of price so T Rowe Price can clear. Even that may not happen. IQE have strong IP rights on many areas. Share is about where broker values it. 5-10p off?
https://www.iqep.com/investors/major-shareholders/
Website was updated for 28/01/2021.
Canaccord Genuity Wealth Management (Inst) now up to 6.6%. Which might suggest they are buying up T Rowe Price shares. T Rowe Price still have 16.88% on the IQE website.
Of course IQE have a habit of updating site almost a month after shares trade hands.
If T Rowe Price were dumping shares then volumes would be much higher with SP dropping quickly. They are just clearing loaned shares. No reason for them to sell out here. There may still ve shorters below 0.5%. Ennismore not reduced since Jan.
That or market correction? Hmmm.
Someone is buying someone out and the price keeps rising. If they buy out Morton as well they could formally make an offer. Albeit i doubt directors could buy if this was known. I had assumed a fund or ex employee selling up. Puzzle but zero reasons to sell here as it looks under valued still.
80k of shares traded at 73p. If they were all sells I think it would of dropped. 2x25 and 2x15. Funds involved now?
28k trade caused surge. Wait for RNS on Monday? Still strong demand at these prices. In big movers list for the day too. Exciting times.
We have a large delayed trade of 28k shares. Likely director. Hence 27% rise.
I saw that. I woondered if TU had bigger impact? The problem with Porta was it never reached economies of scale. Secn have managed to cut out 1-2m in costs. This will really help. Especially if American and China operations do well. The Australian part of Porta was always making circs 1m profits. They just couldnt manage debt costs. Future purchases and mergers should make SecN a big player.
Marked up nearly 13% now. What is going on?
Wow up 9% now. Clearly not much stock about as these trade values are tiny.
Buys now at 60p. See how long this lasts. Seller clear? 20% spread is huge.
Capacity is something iqe has bags of space for in Wales. Issue seems to be more computing world where graphic cards and cpu are running low. Some of these chips carry a 20-40% premium. If demand was that high Iqe would be buying more machines. They only have 10. Room for 100?