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Coltrane have reduced on 18th by 0.46% to 0.81%. 0.31% more and they won't be on the short list anymore.

One trade over 1m today. Probably Coltrane. Guessing 3.2m trade yesterday was them . I think they will be clear before the results. 5.34% shorts left above 0.5%, Even with them clearing all those shares were still at 20p.

20.06p UT close.

Coronavirus
19 March 2020

IQE is continuing to monitor the ongoing situation with regards to the Coronavirus.

It’s clear the spread of the Coronavirus will negatively impact global GDP and, more broadly, significantly affect macroeconomic conditions in 2020. As national governments around the world take strong action in response to the spread of the virus, there is also an increasing risk of business disruption.

As per our previous Coronavirus update, the total impact of these conditions and risks on IQE’s markets remains unquantifiable at this point in time. While we are prepared for the increased risk to revenues it presents, it remains that IQE has not yet experienced any resulting impact on its orders from customers. Production at all of IQE’s global facilities has also been unaffected so far.

Above all, ensuring the health and safety of our people remains our primary concern.

Our business continuity sub-committee continues to monitor risk indicators and external guidance, and has formulated policies and potential actions in readiness for different scenarios. It is also ensuring regular and clear communications with our staff and other stakeholders.

https://investors.iqep.com/coronavirus/

They won't announce anything before the results. Chances are they don't know all the answers till client reduce orders. At some point UK will basically be in lockdown.

Looks like T Rowe Price bought about 240k of shares . They need to buy millions to make share rise. They have lost millions here.

There is a big push to move this below 20p.

Page now updated with correct date. Replied my email too.
Numbers look to be same as yesterday. Shroders now marginally below 5%.

No big surge yet. The main reason is shorters still have a firm strangle hold here. That or people still selling here. I popped an email to IQE about the shareholders page. Hopefully it will get past their spam filters.

I am going to assume they meant 28th Feb 2020. As the number of shares listed seems correct. The date is a year out. Why revert to figures from a year back?

https://investors.iqep.com/investors/major-shareholders/

Hargreaves Lansdown down 4.3m,
Shroders back at 5.01%.
Interactive down about 2m.
Barclays down by about 1.2m.
Axa back above 3%.

Overall no major holder ditching their stakes here. Share has recovered to 26p. Albeit still heavily down based on Corona virus.

So many countries/continents will soon be in lockdown. Be it Europe, America, Middle East or Asia. Most new cases in China now from other countries. How do you protect 1.2bn without having whole country in Lockdown and closing all borders? Same for India. Every country in world is gradually becoming infected and it's spreading with ease. The few countries that are not are either in Africa or on an island tucked away somewhere. The government graphs suggest this could go on till October. We are 1-2 months from peak in the UK. Stay safe all.

I would like to be positive and say this stock is already heavily discounted. However so many unknowns. Can they make a profit? Forecast was 3m from Edison for 2020. I doubt they will make that. 30p is not terrible value. Shorters still trying to push for 30p barrier. Need to compare when this was last 30p. The company is gradually retracing 2016 footsteps. Except they are losing money.

There was another article in media section too today.

Compound Semiconductor Centre helps drive the ‘electric revolution’

https://www.iqep.com/media/2020/03/compound-semiconductor-centre-helps-drive-the-%E2%80%98electric-revolution%E2%80%99/

'Coronavirus
11 March 2020

IQE continues to monitor the situation with regard to Coronavirus.

It is becoming increasingly clear that the spread of Coronavirus will negatively impact Global GDP and significantly affect macroeconomic conditions in 2020. In addition, there is an increasing risk of business disruption associated with the necessary measures being taken by national Governments to contain or delay the spread of the virus.

The impact of these conditions and risks on IQE’s markets cannot be quantified at this point in time.

Nevertheless, while there is an increased risk to near-term revenue, IQE has yet not experienced any impact from Coronavirus on our orders from customers and production at all of our Global facilities remains unaffected.

Above all, ensuring the health and safety of our people remains our primary concern.

IQE has established a business continuity sub-committee to respond to this evolving situation. The sub-committee is monitoring risk indicators and external guidance and has formulated policies and potential actions in readiness for different scenarios. It is also ensuring regular and clear communications with our staff and other stakeholders.'

*shorters

Looks like shifters pushing for 30p here. 32.5p. So halfway there.

Closing price 35.3p. Down almost 5p. Down 11.88%. Volume of 2.828m.

Agreed not looking great. For 2020 to be a success they need new clients to the tune of 13m in revenue. That is to turn a profit of 3m. Right now it seems unlikely. Feb sales for Apple in China were down 63% or so. Globally their sale must be taking a battering. Italy has closed down for 2 weeks. This will reduce orders short/long term.

Ennismore increased their short by 0.07% to 1.95% yesterday. It's highly likely shorters are more active here now. Especially with no one buying. If 2020 does not result in a loss I will be amazed. Sooner or later a factory IQE or one in their supply chains will be forced to close for 2 weeks. Matter of time?

See what happens but shorters could force this lower. Long term investment? If anyone takes it over they will likely close a number of the factories to save costs. That or merge up with their own facilities. In these market conditions it would seem very risky.

Market was not overly excited by the loss here. I guess 2020 may be more positive.

It appears some of the funds who bought stock from Woodford may have ben selling. BlackRock seems to of reduced lately.

Why is there a huge drop today? I see no RNS.

Now down to 1.27% as of 5th. 0.17% reduction. Feels like the buying this afternoon was also Coltrane reducing. Heading for 1% pretty soon. About 10m shares or so left. Started with about 36m?

Down from 1.62% to 1.44%. Reduction of 0.18% on 4th March. So could well be out by time of results.

See below. Has share been dragged too low?

https://investors.iqep.com/coronavirus/

'Coronavirus
2 March 2020

IQE continues to monitor the situation with regard to the Coronavirus. We are aware that some OEM (Original Equipment Manufacturer) production has been disrupted in the short-term due to the spread of the virus and that certain of our chip customers have broadened current quarter revenue guidance ranges due to uncertainty. Whilst this increases the risk to near term revenue, at this point in time IQE has not experienced any changes to orders relating to this issue. Production at our own facilities is currently unaffected.

IQE operates a dual or multi-source strategy for input supplies to minimise the impact of supply chain disruption on our own production. We also have multi-site qualifications with many customers across our global manufacturing footprint to lessen the potential impact of disruption at any single manufacturing site. The safety of our people remains our primary objective and we have implemented travel restrictions and enhanced health and safety measures to reduce the risk to our people.

The Company has established a business continuity sub-committee to respond to this evolving situation. The sub-committee is monitoring risk indicators and external guidance on the matter and has formulated policies and potential actions for different scenarios. It is also ensuring regular and clear communications with our staff.'

'From Edison
Industry outlook

We note the disruption to semiconductor supply chains being caused by the coronavirus outbreak. Apple for example has reduced its revenue guidance for the current quarter as worldwide iPhone supply will be temporarily constrained because its manufacturing partner sites in China are ramping up more slowly after the Chinese New Year closure than it had anticipated and because demand for its products within China has been affected as a result of store closures. Both Qorvo and Qualcomm have widened and reduced the low end of its guidance range for the current quarter. The potential impact on IQE will depend on whether Chinese manufacturers can recoup lost production and Chinese consumers simply delay purchasing electronic devices from the holiday period to later in the year. '

Edison have a new blurb on website acknowledging supply side issues with Apple and reduced demand from China. Also acknowledging widening of revenue for Qorvo and Qualcomm in Q1. Overall they suggest it will all depend if customers merely delay orders for new phones. So clearly risk but will it impact sales for year once this all blows over? So lots of risk but will it impact IQE at all? Wasn't able to copy and paste as mobile.