Member Info for Gotrader

So 16k worth of sells in week share dips 2% and recovers without any buys. 10 shares purchased today and share up 2%. Even with another 900 or so sell afterwards. Buyer seller fund still exchanging shares?

This tells me someone is soaking up the sold shares here. With likely a big push on the week of the results. Next week.

Could get some Q1 info in results. Will directors still buy at these prices? Any stock left to buy? Any good news could push this to 120p. See what happens.

Invesco 142478483 17.78% (No change)
T Rowe Price 96897779 12.09% (135,154,175 - 16.8%) Down as expected but 1.5% above 15th March figure? Hopefully correct.
Canaccord Genuity Wealth Management 58,176,938 7.26 (52,873,228 6.60) Up by 4-5m
Hargreaves Lansdown, stockbrokers 54,721,229 6.83 (49,810,462 6.22) Up by 5m.
Dr Andrew W Nelson* 36,140,417 (No change)
Interactive Investor 33,019,510 4.12 (28,788,311 3.59) Up by about 4m.
AXA Framlington Investment Managers 26,335,606 3.29 (27,580,065 3.44) Down by 1.2m
Barclays Smart Investor 24,679,403 3.08 (24,177,388 3.02) Up by 0.5m.

Figures in brackets the old figures. Ironically I copied the old figure 1-2 days ago as I thought we might get an update.

T Rowe Price still down 4% and my guess is the other major shareholders have mopped these up. 4% is circa 32m shares.

Ennismore increased their short by 0.05% on 13th May.

So cannacord rate the share 5p above current SP. So 50p is not really a bargain.

Also read something about Apple factory in India that had partially closed due to covid. Foxconn was named.

I doubt it. 20p was for 140m revenue. Now almost 178m revenue. Still predicted 175m for 2021. Nothing to suggest this has changed. Find out next month hopefully. 2020 had a June TU.

Question is were they talking down the numbers to give a positive June boost or are sales limited due to many chip issues out there? Todays fall seems to be due to a general mark down of the sector. Nasdaq. Pound is still worth 1.4 dollars. Almost at a year high. Someone here suggested this could rise to 1.7 dollars. Currency crosswind could be an issue again.

For me IQE big issue is lack of profits and no dividend. Plus directors and staff diluting shareholders each year with no actual benefit to shareholders. 1% dilution this year.

At it's peak this reached 180p. Share issue was at 140p. Albeit that price never seemed realistic. So 50p with fall in revenue and no profit could be fair? Can they really show growth and profits here? 2-3m profit before tax is not great. This is hardly a start up company. If anything over the years profits have just vanished here. Something has gone wrong.

Will Ennismore use this as a time to reduce further? They still hold 0.7% or so short position. Wait and see i guess.

My guess is a fund is dumping share. So could be a big drop here. US sentiment.

2.4m traded and not past 9.30am yet!! When volume shoots up market is interested. Could be a good price. Buying on a falling share. Tricky to call.

50p breach. Not suprising with US market and inflation fears. Will it stay below 50p. This share will struggle till TU.

4 weeks till trading update? If that is positive things will rebound quickly.

So someone paid 120p for 23000 shares on 6th.

Been some odd trading going on last 2 days. Lots of trades appearing as buys. With a UT trade yesterday for 97p. Unclear if buys or sells or agreed trades.

Paul Scott had a rant about Porta/secn yesterday saying they used accounting to make bad figures look good when in fact bankrupt. He dumped porta a few years back as he said they had lied to him. I would agree they had painted losses as good news and progress for years. He told Stockopedia investors to stay clear with a bargepole. Ouch.

I think management changes have taken place and David Wright and his allies have now left. Emma Kane seems a very credible business woman. I think they are likely making an actual profit now. Over last 2 years Porta and now Secn have made big cost savings. The headcount at Newgate hq is much lower. i reckon they cut out at least £1m this way. Plus shared rent costs. Plus reductions in rent too?

Secn suggest 3m euros profit. Albeit much will be paid out to third party ownership. Have to see numbers after tax.

At present i think things have turned the corner. This sec merger needed to happen 1-2 years sooner. Judge them on the figures in 2-3 weeks time. At present the market thinks under valued . someone is buying up stock. Azimut? Others?

Still a seller in background here. Difference is the buyer is forcing up price here. So looks like most trades here are funds. The FT update suggesting Azimut had over 3% was removed a few days later. I think the seller has 250-370k of stock. How much of this is cleared i don't know. There are very few private investors here. Could get a 3% rns from them at some point. I always thought Porta needed a merger to reduce Admin costs. I think a further merger here will add more value. Maybe US based. Or even Asia based. Still some markets SECN has not taped yet. China is a huge market. Middle East too.

Seems positive. The buyer in background (Azimut?) Seems to keep adding here suggesting this has further to rise. Very little stock about.

Interesting TU. Revenue up marginally from last figures. Debt seems lower. They seem pretty confident about current performance.

Results 1 month ahead of last year. AGM in June too.what will be SP many be today ? Already at a year high.

However revenue for 2020 had risen sharply. At some point if revenue rises further economies of scale should kick in? Bonuses could be linked to revenue too.

Apparently the shareholders voted this in. Market discounting the share before the issue.

Really not sure what to expect H1 here. On one hand chip shortage. Albeit IQE increasing production i Asia. Albeit margins and strength of ppound seem to be a big issue. Not expectng miracles but the beaten down shareholders could use some good news.

Have IQE played down H1 figures to try and show performance better than it actually looked?

So 1% dilution on 5th May. 8m shares to be issued.

It's interesting as rumours suggest AMD may ditch their Ryzen 6000 refresh due to chip shortages. If all firms streamline ranges or ditch new releases this is not good news for IQE. Of course are they used in cars and cpu parts. Likely not. Hmmm.

See what they say in June.

So FT website suggest Azimut have added 370k of shares. Likely taking out AZ Legan who had same amount. No update by Sec to say this yet. First fund to go over 3% for Sec.

Trading update next few weeks hopefully.

It's hoovered between 1.25 and 1.4 for a few years now. My understanding is a strong pound is bad for results as monies from US convert back into less pounds. Even given that back in 2016. If the pound does surge to 1.7 dollars to the pound then that will be bad news in terms of margins/profits heres. If they actually do make any money. 2021 could well be a loss if things don't improve. Especially after taxes.

Quoted from last broker report at end of March.
'Canaccord said on Friday that ahead of IQE's 2020 full-year results it was bracing itself for some growth moderation on the back of difficult 2020 comparatives, up 28% year-on-year, and pointed to a 7-8% currency headwind.'

'The Canadian bank highlighted that despite record sales in 2020, IQE delivered only a modest 3% adjusted operating margin, which it pinned on the firm's relatively low gross margin of around 19%, compared to peer margins ranging between 25% and 50%, making the muted leverage "a bit of a conundrum".'