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Yes it was that. I have only skimmed report. If IQE do manage to increase revenue then you consider buying. However Edison not predicting any decent profits. So no dividend on IQE for next few years. Even with profitability up they are not yet announcing an actual profit. Not convinced 2021 will be a profit either. Need a big turnaround.

So revenue was down in H2. Did you read bit about writing off patents near end of report? Which means millions spent to no avail. Also the CSC comments.

Note edison have reduced forecast for 2021 with revenue at 175m and PBT slashed. They mention value of the pound. So Edison have downgraded IQE today.

Has anyone looked at what H2 performance was given H1 results?

Quite fair. Revenue is static. Yes revenue is up year on year but at present it is deemed to stay at the same. There is to date no revenue growth expected for 2021. Edison had revenue for 2021 as 183m. So maybe a rise in H2. Of course that has not been suggested. The race up to 90p seems to have been market anticipation.

Any rise here may be shorts clearing. I don't think sp will crash. Just think it needs news to shift the dial here. When will iqe show a profit? 5m profit on 178m is not great compared to 6-7 years back.

Think losses are due to one off costs or they would make 5m profit. Are margins lower? Where is this year on year growth? What will market want from these results? Hmm. Find out in 30 mins.

Results came out at 7am. Still making a loss. Given huge rise in revenue is not great. They are starting to spend money on new production equipment. Not in Wales. Why they built the facility in Wales is a mystery. See what market think. H1 revenue similar to 2020.

More volumes today. Over 160k. Likely 1 buy and 1 big sell. Not many small with too much stock left. Azimut could get near 3% if they are buyer.

Looks like 1-2 funds here have mopped up the sold shares from other funds. FT shows Az Legan Administra??o de Recursos Ltda. as having 370k shares.
Azimut Capital Management SGR SpA with 462k shares.
Morningstar.com has Azimut Investments S.A. as 554k of shares.

One of the reasons for low daily trades here is Morton and Fiorenzo Tagliabue own 66% of the firm now. With Emma Kane and other directors about 6%. Leaving 32% in other hands. Of which 3 funds seem to own about 6-7%.

Lot of the sellers here seem to be old Porta investors such as Fideity whose original stake was pretty much down 90%. So if results show any kind of promise in May then could we see a rise here? Would Emma keep buying at these prices? As sellers run dry price will be pushed up with good news.

Do still seem to have 2 funds buying and selling taking care not to lower price here. Volumes are very small. Very few private investors involved here. Not sure if this presentation is important or just a standard thing. Doubt anything will get announced. Likely a lot of charts to show what they are doing. See what next week brings. I think reslts and Q1 figures will be key.

Results likely late May early June. Last year got a TU in May with lots of director buys in April. Albeit price was circa 28p then.

Was on website at least last week.

https://www.bbc.co.uk/news/technology-56433082

Samsung streamlining new phone releases. At what point does this issue hit IQE. Especially if Apple and others have limited production. Hmm.

Yes what they will do in next few years can never be certain. Making a profit was something that used to be in 10-20m. Revenue has not taken off hugely. It's going up 7% this year. Maybe more next year. That being said demand for mobiles seem strong. Can their new techs demand a good margin for this to take off? Currently no dividend. One to watch. If shorters thought this was over valued they would still be involved. Currently not a holder but share has shot up from 20p to 75p. Of couse for many this is just covering losses.

The company historically has never quite taken off. See what happens.

Suggestion on ADVFN is TRP cleared one of their funds but the other one actually took on 1% of their holdings. Which is about 8m shares. So quite a lot was happening last week. Shorts clearing can't be bad news.

TRP down to 10.44%. So 2.5% shares sold. They were not the 24m share trade. Add in Ennismore and you have some answers.

Ennismore reduced by 0.62% yesterday. That is 4.8m shares returned. They have 0.78% left. So could soon be under 0.5%. At which point IQE has no visible short positions.

Showing 2 lots of 8m trades apprearing late. My guess is canaccord as their 2 Marlborough funds have been splitting buys between them recently. Doubt its Ennismore.

29m shares traded today. Nearly 4% of stock.

Wasn't too far off the mark here. Ennismore reduced by 0.18% on the 8th. Now 1.4% short left. Explains the uptick here as that is worth 1.44m shares. Just how linked are all these funds?

Same is true for Barclays who also give broker coverage on this share. Is this common for brokers to own shares the n companies they give coverage on?

Yet they own 5-6% of the share. So they would hardly tell people to sell. Hmmm.

Ennismore had a short position from back in 2013 when share was about 40p albeit it rose and fell quite a lot. I can't tell before that period. What is interesting is 68p is below the price they last returned their shares at. There was a 242k UT trade at close of play that looked like a buy. Even if that wasn't Ennismore. What if T Rowe Price is definitely clearing here I wonder if T Rowe Price will mix their sells with Ennismore buy backs? My original thought was Cannacord would take out T Rowe Price. Their Marlborough fund certainly seems to have bought a lot more shares. Albeit I am sure if ths was case we would see volumes of arranged 50-60m shares a day. Pending on price agreed. 8mx13=104m shares left.

All of this assumes both TRP and Ennismore want to clear their positions. If Ennismore view this as a short term dip in price they could well clear. Have we yet reached the bottom of this price dip? 2-3m volume is not huge at these prices. Definitely funds at play here.