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2 late trades worth 4.8m shares. Happy Christmas all.

I don't think the sp will go below 4.9p. Canaccord have cleared nearly 3.7m shares in 2 days. At this rate maybe they could be done by mid Jan. The larger round figure trades seem to be Canaccord. So they may have sold 2/1m+ today too. Once they clear the sp should recover as they are the main seller here.

What the true value here is I don't know. Be hard for TU in Jan to have bad news.

Canaccord were only 1.6m from all the 18m trades on Friday. See if any other RNS follows. Maybe not if shorts. Could be RG too?

Shorts or Canaccord clearing? Find out tomorrow I guess.

Mid Jan? More like mid/late Feb if they are only selling 350-500k stock a day . Only 20 or so trading days in a month. Plus bank holidays in Dec/Jan. Hopefully trading update in Jan.

No everyone is on holiday.

At circa 5p Canaccord are struggling to find buyers. Having to drip sell to clear their holdings. Not great.

IQE had 2 chances with Canaccord. They don't give a third.

Peel Hunt casually trading 6.9m shares. Where do all these shares go?

2x RNS over 24 hours and Canaccord selling over 4-5m shares. 40m+ to go.

Mostly short positions pumping and dumping. Canaccord still have over 40 million shares to sell.

90% of the trades are short or long positions. Many short positions under 0.5%. Pump and dump down to 4-5p. Now back at 7p.

Canaccord are selling but not enough to cause 9m trades a day. That was my point

Not Canaccord selling then. Must be RG unwinding his position.

This is brutal. Will be 3-4p soon.

Lot of automated trades. Funds very busy here today. Some sort of RNS would be good.

At present market does not seem to value Taiwan very highly. If that sale can't cover debt that would not be good for IQE.

Catching a falling dagger comes to mind. Don't get sucked in here as very risky till this is all done.

Maybe further to fall? Where will volume trades kick in?

For me yes there is risk here. Does not mean I don't follow IQE. Right now the market is forcing this lower.

You may have your own valuations. I don't think they are currently making positive ebidta as they lost a few million on that basis.

If the share was honestly worth 10-22p why is it stuck around 6.5- 6.7p? It's turnover is only just above it's market cap and it's likely to lose 20-40m this year. Albeit some of this will be write down in assets

They have debts to repay too. Lombards included.

You look at RKH. That soared from 5p to 89p. So the market can change it's mind. However that may be based on future revenue. Where IQE is forecasting losses for 3 years. If they had to they could do much bigger cutbacks here. I don't think they will now it's up for sale.

I hope you prove me wrong. It could be they sell just Taiwan and manage to turn this around. My guess is a further cash call would follow in 1-2 years. You would think they expect 50m+ from Taiwan if it pays off debts. More? This could drag in for months.

On aim shares directors can lose millions when things go wrong. They took a risk. Same for Artisan.

Maybe an offer of 10p + could come in. I personally don't see it happening. The assets on accounts may be inflated above true worth. Unused tools only hold so much value. If they own sites these will hold value. IP too.

Any offer above 8p would be good now. Assuming any offer is actually made/ accepted.

Maybe less. Too risky for me. What if it crashes to 5-6p? IQE are in trouble and the market knows it

I think IQE as a company it's over. Losses tomorrow could be 16-20m. Before tax. They need to double sales to break even now. Where are the RNS about major new orders? Just not happening. Likely losing customers still as sales never seem to recover after these inventory in pipeline announcements.

The question is what are the sum of the parts here? With Canaccord selling in background the SP is still depressed here. Maybe they will clear out tomorrow?