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This was always a concern for Paul Scott. He was always worried IQE was a capital intensive organisation. So any big increase in revenue would require investment of millions. Which is a long term business investment which takes years to recoup. In mean time products are shrinking and this reduces IQE orders as less material required. This is another reason a takeover is less likely due to investment required.

As you say market already aware of 30m investment. Problem is IQE never meet their sales targets. Something always goes awry. Credibility is shot! No new CEO announced either. Looking at late trading update in Nov/Dec for news. That or CEO.

Lots of people want this to go places. Many on ADVFN excited about 30m capital expenditure. They still gave to get orders to make these machine go into production. It will take a few months for news. Plus 5-6 months for machines to come online? Will 2022 change things? At best forecasts for 10m profit?

I agree on valuation. Iqe is very unproven and struggling to make money. You would only buy out if you thought you could add value or improve bottom line to make money. Iqe is an odd kettle of fish really. Not much will happen till new CEO in place. I wouldn't pay more than 20-30% over market price. I doubt many would sell at those prices. If they believe the 2022 jam story.

Am i on the wrong forum? I guess most people visiting here expect miracles. Perhaps in life the only true way to make money is grit and determination and doing the hard work. Others get lucky on shares. My new rule of thumb is sell after any ipo. As the shares often seem to tank.

4 trades today. Two are delayed buys. Bizarre how SP dropped before results and now shares soaked back up. Hold your nerves!

One broker seems to think this is a buy raising their price target by 10p. Who do you trust? Are 5g masts about to take off in China?

Edison site updated and revenue for year downgraded by 5.5m as 5G rollout now slower. PBT dropped from 2.5m to 0.1m.

Issue is this is the kind of shre where if revenues increase greatly rofit will quickly follow. The reverse also hits bottom line hard. Where will this bottom out? Are there any positives here?

Barclays reduced from 57p to 50 with equal weighting. Which matches the drop yesterday.

I think if they can scale up manufacture then profits could follow. Problem is if it goes other way losses follow. Iqe has a problem of spending millions just to generate income. Should be a report from edison tomorrow? Usually 7-10am?

Wonder if shorts will get or are involved here. Next price point will be 45p. Close to where wildtiger bought back in. The hope of a big surge in H2 seems wishful thinking now. Pie tomorrow.

I would focus on outlook rather than the numbers. Currency headwind has caused loss. They do seem to be enabling more tools and predicting some growth in some areas. I was always expecting a loss for H1.

Good article from PRWeek. Mostly quoting the results. Results much earlier than usual. No operations have closed. I do wonder how much furlough grants they are still getting. Why could Porta never make these profits?
https://www.prweek.com/article/1726067/sec-newgate-reports-solid-h1-industry-returns-pre-covid-19-levels

Been drifting past 2 weeks due to a seller. H2 last year was stronger than H1. Plus numbers include 3 months of German firm. Debt is now almost 18m?

Still making money. No mention of a dividend. Australia star performer again. UK seems stagnant in terms of revenue.

Think there is a lack of trust from market as Morton still 30% shareholder. No sign of new funds biting here.

I was expecting share to be higher than this. Not as though they are losing money anymore. New operations doing well. Cost savings from office moves next year too.

I post on both too. Different name but pretty obvious if you follow here. I duplicate topics quite a bit.

No that was more in hope!! I suspect any profits in the future would go back into research or new machines. If they wish to expand further they will need more money in the future.

Think you may have jumped in too soon. Definitely selling pressure today. They need a big revenue increase in H2 to justify these prices. It may come but nothing is certain. Iphone 13 seems very important to IQE now.

Until these things come it's likely they are loss making. 2022 may bring a possible profit. No dividend till at least then. With the usual 1% management share dilution. IQE just keeps failing to rise and be the star it should of been. Instead a loss leader for the big players.

Edison have updated their website and have not changed their forecast. See new report on their site. Mixed views pending how products rolled out and what products iphone 13 includes.

They seem to suggest IQE need news to shift SP here.

IQE stated a return to growth in 2022 at the AGM. So this means revenue will not pass 178m this year. It will need a decent bump to get to 175m. That assumes they don't lose any clients. Edison expected them to match H1 performance too.

Expect Edison to update their webpage tomorrow. They normally do after a Trading statement. I guess Edison will suggest revenue higher in H2 or they will reduce forecast. Can IQE hit 175m for year?

Least pound is below $1.40 to the pound now so that will help a bit.

Pretty much already factored in by market. 10% currency shift and drop of 8m in revenue makes sense. So as expected.

Yes but after currency adjustments they are down 10M in H1. Making Edison's target very difficult. Seewhat happens. If the pound was to rise further where would that leave IQE?

So revenue expected at 79M for H1. Clearly taken a big currency hit here. Albeit they give the figure without which is down 2m or so. You can make it look better than it seems but still a big currency hit here of 8m or so. No guarantee curency will fall away again. They are where they are right now and need a big H2 push to reach 175m predicted by edison.