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Shorts reduced to 0.55% on 23/02/2022. Might be off the short tracker come tomorrow.

Ennismore reduced shorts on 18th by 0.13%
21st by 0.13% now at 0.65%.
Share price however fell even with them buying back just over 2m shares over 2 days.

If the company is doing better there should be huge buys coming in. See if more follow. A good sign long term if directors keep buying in large volumes.

I read AMD got downgraded too last week. Which means a loss making IQE was alwaya going to be hit. Especially if customers suffering too. I thought 10% today now it slipped past 30p. Directors recent buys losing 25-30%.

We need to reach price where volumes kick in. Right now market is propping up SP. Just let it fall. For now avoid till bottom is reached.

Is this funds or shorter? Seems to be targeting 30p mark heavily today.

Wow they made 1m ebidta in November alone. Profits for year nearly 6m pbt. With big cost savings in 2022. 700k Euros.

This firm was way under valued!

So a private equity firm has looked at this and realised the firm will be making a lot of money in 2022 and small shareholder have options to cash out. As Morton and CEO own 60% here it will get voted through on the nod. I had hoped this would reach 200p. Reality is they needed cash to expand and this deal will give them 20m or so to do so. Not done the maths. So 111p is better than 38p. Worth more than 111p now? Hmmmm. If you don't take offer you get nothing?

So Barclays have downgraded IQE to 42p target price. Hmmm

According to their last holding RNS they still had about 10% of the shares. Shareholding page normally gets updated end April. As for Edison their reports have been wrong for last 12=24 months. They are losing credibility here.

IQE sales need to rise to meet market expectations. Seems to be some positive news from Apple about parts shortages. For now 32-35p is where this share is at.

So a few more shares loaned out but key thing is TRP have not really sold a lot of shares here. If there was a seller here in last month or so it was not TRP. Share back to 35p so things looking more brighter.

Nearly 1.42m in late trades. Shorters? Might explain drop over last day.

Near

Don't think it's shorts. Feels like 2 funds exchanging shares. TRP still drip selling? Same pattern last week or so. Never quite reaches 33p.

Volumes really low right now. Funds sitting tight. Right now no harm waiting till new year as not much will change for IQE till new year. So much uncertainty here especially with phone demand. Apple struggling is always bad for IQE.

Right now no guarantee this will go up or not get further downgrades. All hope on new CEO. If he comes in and sees a firm being run badly then maybe he can turn this around. If he find a firm just being squeezed in a tought market place then IQE might be in trouble. They need to slash costs by millions. Possibly rebase to US to stop currency issues. Staying above 34-35p right now is not a given

Share still being shorted. Can't ignore that.

https://www.sharesmagazine.co.uk/news/shares/three-years-of-earnings-estimates-slashed-after-iqe-warning

Three years of earnings slashed. Peel Hunt pretty honest in their appraisals. In an industry which is booming in terms of profits IQE have reversed the clock 10 years.

Their revenue for next 2 years forecast 10% lower with profitability down 24% next 2 years. Not that they are making any money right now. I can see a cheap buyout here if things don't turn around. A offer of 50p-55p could do it. Even that could be over priced. This is dire. How do you go from 20m profit making company to 10m+ loss in 5-7 years?

Something is seriously wrong here and costs need to be slashed.

22.6m shares traded today. So about 2.5% of all stock. Some interesting late trades. Not sure if shorters. Biggest was 897,852. Been a long while since we had more than 3-4m share trades in a day.

Still unclear if Ennismore reduced at all today. No change in shorts yet. The 897k trade could be a shorter? I wonder what they might be waiting for or if they are tied in for x months at a time. That or they just like holding a position here. You never know who might be shorting below 0.5%.

No idea where this will head tomorrow but you normally see 10m or so trades a day after big news.

They wiped nearly 18m off 2021 revenue and slashed gross profit by 12m? How is that not bad? If revenue was down 3-4m i would understand. They had predicted a stronger H2 and 2022. Right now be lucky to break even next year.

This could fall further if funds dump it at any price. Pends how much existing funds will buy up? 45p will need news!

35p? Wait for broker updates. I was right to say last person out turn off lights. Will shorts be clearing here? 0.92% or so left.