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So site shows 4 trades. Only 2 trades appear. ADVFN shows 4 trades 2 of those at 27551 at 49 and 49.05p prices. O=Which would match EK's director buy but that had already shown on here. I wonder if directors are having to buy out the sellers here?
There has been 2 constant buyer and sellers here with many UT trades cropping up. With a broker suggesting 89p why are funds not buying up large chunks of shares here? Perhaps some historic Porta investors still dumping shares? See if we get an RNS tomorrow for one of those 27551 trades.
See what tomorrow brings.
Ennismore have held a historic short here. They increased at prices close to 180p too. So they are not sitting on as big as losses as you might expect. I suspect a lot of the volume here is them. I wonder also if they borrowed the share on a fixed term time. In any case a decent bounce here with no bad news.
So they have bought out rest of Newington and merged it with Newgate UK. With both brands to be rebrand Sec Newgate in due course. Newington now in Newgate's old hq. Which we already knew.
Trade wise. There is suddenly a lot of UT trades. All seem to be buy trades. 1-2k volume is not a great deal. Even 20k volume is only £10,000. See whaere this goes and if a TU arrives any time soon. Does this mean someone is auctioning off shares? If they are buyers seem happy to pay 50p now.
For some reason I can't access any of the group's Twitter pages. Not sure what that means.
Looks like Invesco could just sell at whatever price for final 22m shares. I do think holders like Lansdowne have perhaps sold shares as they have people offering to buy them. See what happens here. I think Invesco will want out here now and at £1 they could be very happy. Wait fr next holding RNS. Quite a few institutions with 2-3% holdings here. Interesting times.
So Ennismore Fund Management Limited reduced by 0.18% on 09/12/2020. Shorts down to 1.91%. Wonder if they will fully clear here? They have been long term shorters here for several years. They certainly had a position in 2013.
If a big rise is on the cards then Eddison would certainly want to clear quickly here. 2.9m volume would suggest fund/short activity today. Ennismore certainly increased their short when the share increased to 180p. Likely making some losses?
Question for me is can IQE now build up economies of scale here. Their cost base is much higher since the Cardiff expansion. Albeit as revenues rise their fixed costs should be covered. Have to see also see what margins they are getting. It's also unclear if they have expanded beyond the 10 machines in Cardiff? I know they chose to expand in Asia when China trade talks hit the fan.
2018 they were on 14M PBT based on 156m.
2020 predicting 4m PBT based on 172m.
2021 predicting 12M 12m on revenue of 183.3M.
Revenue could be up 27m but profits down 2m from 2018. Albeit a rise in revenue of 9m is adding 8M PBT. Not checked for one off costs in the accounts.
No reason to suggest revenue can't exceed expectations next year. Anyone who got back in at 18p must be very happy. I think 170p would require a big uplift in revenue. They are no longer suggesting 40% jumps anymore based on share price. The Revenue stream is still on recovery mode compared to last 5 years. Profits used to be circa 18-20m.
Pretty sure this has been updated in last few days. Albeit they never put the actual day on it.
https://investors.iqep.com/investors/major-shareholders/
T Rowe Price higher but maybe due to reduced short. They always had 17% or so.
Hargreaves Lansdown down 2.7M
Interactive down 1.4M
Axa have bought 2.5 M more shares.
Barclays no real movement.
No sign of Canaccord Genuity Wealth Ltd. Clearly after that date.
At these prices a takeover could happen. Shorts clearing has given this share a massive boost.