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T Rowe Price actually reduced slightly as the overall share is below 17% now. They appear to have had some shares returned.
UT trade 57.85p. So recovered a bit from the low today.
No idea what this 11m share business is about. Looks like NI and other costs are crippling on these shares Dr Nelson has just purchased in April. Just to clarify his shares are not allowed to be loaned out! Everyone else is free to loan out shares betting on the future of this company.
For your sake I hope this happens. For now expect shorters to force this back down to 55p or so. The results on 4th September are the next big event here. Maybe this will also bring a trading update too.
Iwe's job pages shows no actual jobs available right now. Maybe they are doing interviews or and have found a PR person now?
Few people on ADVFN still ploughing thousands in here on a falling share price. Brave! I still believe the big rise here was mainly due to shorters.
Share price creeping lower. JP Morgan increased short by 0.02% on 01/08/2019. Total short 8.32% now.
Rule number 1 never buy on the peaks! With IQE you always get burned.
Too much going on for a takeover. Especially with a brand new facility in Wales which many might not want. Especially with brexit issues ongoing. What price would really be accepted for a takeover? Shorters still believe this is over valued. Maybe IQE would want to wait till they have acheived a turnaround here? So much trade issues going on whose going to blow 0.5bn here? Too much risk?
Seems to be a fund Woodford previously managed who are now selling. Mixed in with Woodford effect. The question of how much are all these privately firms actually worth?
Itaconix - Now 1.75p. Tanked on 02/08/2019. Was at 2.5p.
Ceres Power - Back off it's high to 189p
Tissue Regenix Group 3.5-4p
Diurnal - Back up to 38p.
Modern Water 1.25-2p range today. _ administrators for certain parts of the group? :(
xeros technolog - 9.82p
Applied Graphene Materials 27.5p - Last post on their forum is not good. This was 32p a month ago.
Intelligent Ultrasound - 11p
Mirriad Advertising 15.25p. - Recent £15 million ipo.
Deepmatter group. 3.2p
hVIVO plc - 19p
Avacta Group 28p - up 14% today. Same price as when I last checked.
Actual Experience - 140p.
Circassia - Back up to 19.45p.
Getech Group 26p - Down from 31p in Jan.
IXICO plc - 38.5p Up nearly 50% on year.
Mixed kettle of fish. Some up some down since I last looked. Is this the same for the other firms they are involved in?
Down to Porta takeover? Their stake in Porta was £3m. Now worth much less.75% less? Even less with this deal. 2-2.5M loss? They have a 1m loan to Porta too. I don't think they ever really had the cash for this deal. Porta Communications are still losing money each year. They will have to pay 500k-1m when it comes to cost savings between the 2 companies.
They are taking on 5-6m debt here at 8%? They still have a lot of other financial commitments. Acquisitions where they have to buy x percent each year. Still don't understand why their accounts are unaudited. Are the accounts legit?
The share price here has lost nearly 66% in over a year. Whole thing could end up going badly wrong on many fronts.
I don't know how the lower share price impacts this deal? At present Sec is valued at just over 5m. They would struggle to raise cash here. Their last cash call only raise 1m or so. Not sure how the market will take to Bob Morton a man who has being blacklisted by the market owning 20-30% of the merged group.
Did you have any thoughts?
Sec was 125p in August 2018. It's down 38% today to 40p. I think were getting 0.88p per share. Why is a company supposedly making 2.6m unaudited profit worth so little? Is this due to the losses they have suffered on Porta? What does this mean for the shares we will be offered? Perhaps like Porta most of these profits are going to third party shareholders.
Are they dropping the price deliberately just before the deal? Can anything now be done to stop this deal?
Yes Coltrane increased their short position on 24th by 0.23% of IQE stock. I don't think these were borrowed from T Rowe Price. The T Rowe Price trades don't match.
They clearly don't rate the news or are simply trying to depress price here.
Looks like T Rowe Price were very busy on the 23rd. So they took back some share and loaned out 2.44% of IQE shares on 23rd. The main shorters here above 0.5% have not changed in 1-2 months now. None of them reduced on those 2xRNS about new contracts. Of course we can't see those below 0.5%. Shorters are heavily still active here.
Wow a wireless RNS and this share soars nearly 26%. This could be a lot of shorters under 0.5% closing. Watch out for the pump and dump here. Be interesting to see what these new qualifications/productions mean for revenue. Also how this offset against reduced customer orders. As ever I am always suspicious but it looks very positive.
https://irsociety.org.uk/careers/job-zone/head-of-investor-relations7
This job was posted on May 31st 2019. (Eagerly trying to fill this role then?)
They have 2 other posts going in Europe and 2 in the US. More production led.
Remember the 140p share price was based on 40% year on year growth. I don't think a contraction in revenue was ever in their briefings.
H1 2019 Results: WEDNESDAY 04 SEPTEMBER 2019. Under 7 weeks away! Gives them some time to find some positive news.
In mean time even at these prices sells outweigh buys. Albeit there is a bit more resistance. 50p is the next target if this is shorters. Seems unlikely at these prices unless they expect SP to crash to 30-40p. If it is a fund selling you can bet T Rowe Price will start buying once they have cleared. Albeit any serious fund would sell in larger volumes?
The impression I get is the 90m cashcall was spread among many funds. Many of these could now be considering their holdings.
Yorkshire energy company acquired in £4m deal
https://www.insidermedia.com/insider/deals/yorkshire-energy-company-acquired-in-4m-deal
Newgate advise John Laing Environmental Assets Group (JLEN).
IP Group: Berenberg reiterates buy with a target price of 160p.
Ceres Power Holdings: Berenberg reiterates hold with a target price of 290p.
IP Group keeps hitting sub 70p. Seems to be someone selling and it could be other funds involved. No idea why they value this at 160p given current price of 69p. They have not changed their valuation.
Ceres is up again today to £2.01. Up from 169p a week or so ago. 30p bump!
H1 results on 10/09/2019 according to their website. Almost 6-8 weeks later than last year.
https://www.prweek.com/article/1590944/newgate-advises-investment-firm-planned-750m-thomas-cook-package
Guessing this is an Asian client of theirs? Fosum.
https://www.bbc.co.uk/news/business-49013571
Interesting piece by the BBC suggesting many Asian companies are being hit hard by this and in turn exports are falling. If this is true for companies IQE supply to then IQE too could be seeing lower order books. Not just from China Trade wars.
Really not sure why the SP is falling further here. Closed at 53.4p. News from US suggests firms can apply for new licences. Albeit mixed signals from the senate.
No change to shorts above 0.5%. (Last change was 21st June 2019.) Suggesting any short action is happening below this. They could in theory use a number of smaller short positions to influence the share here. Had 2-3 larger trades today that appeared to be sell. 500k, 250k and 200k. With volumes of 1-2m or so a day it woud not be hard to cause SP to dip.
Goose posts are getting a bit tiring now. No need to rub it in here. Many investors have lost 10's of thousands. Directors also lose when the SP falls. Their bonuses are based on meeting certain targets. It's likely many are not meeting the targets this year.
Pretty sure IQE will recover. Market conditions have hit them for 6 lately. Sooner or later the maket will recover as new innovations hit the mobile market. In mean time pressure till H1 results.
The video from Edison I posted 2 weeks ago. No new comments from Edison since then.
Interesting quote from Herald Investment management 2018 yearly report.
'11Herald Investment Trust plcAnnual report & financial statements 2018There has been a wide divergence in performance between stocks. A few have disappointed at the trading level, while others have just been de-rated. The subset of the technology sector that has experienced downgrades has mainly been exposed to volume markets, such as mobile phones and automotive. This has hit the semiconductor sector in particular where increases in capacity combined with lower growth in demand have led to price cuts and margin pressure. This has affected holdings such as IQE and BE Semiconductor Industries, both of which performed outstandingly in previous years. We had reduced our positions, but not enough. However, the appeal of the sector is that it is not homogeneous, and in all markets, there are some that grow. For most of our holdings there has been no discernible weakness versus expectations.'
Further quote.
'UKThe UK portfolio declined 8.7% on a total return basis. The two worst performing stocks were IQE and Bango, which last year were the best. In 2017 IQE appreciated £29.8m and in 2018 it declined £11.5m. Fortunately, we had been aggressively taking profits on rising prices so that during 2017 we had realised cash of £19.2m and profits of £15.3m, and a further £5.1m of cash and £3.8m of profit in the first quarter of 2018 in 27 separate trades, albeit offset by an investment of £2.9m to support the fundraising to ensure they could invest in additional capital equipment for demand expected from Apple. The level of expected demand from Apple has reduced, however, and so has IQE’s share price. The business remains the world leader in manufacturing compound semiconductor wafers, and now has a strong balance sheet. These wafers will be used in the forthcoming 5G phones and infrastructure,
and we expect the demand for VCSELs, which are used in the iPhone’s facial recognition product, to grow albeit at a slower rate now that Apple has demonstrated that the market for £1,000 smartphones is more limited than hoped. As a user I am a convert to the belief that facial recognition will be more widely adopted, but the overall phone price must lower, and it will do so as component prices such as DRAM fall. As an investor focussed on smaller companies in the supply chain of large companies such as Apple, it is evident that it is brutally tough in requiring the supply chain to build capacity in excess of any potential demand, and then subsequently has the whip hand on pricing. '
Looks like they provided 2.9m of the 90m fund raise IQE did. They are down 11.49m in 2018 on IQE. So production increased on a shrinking market.
Itaconix From 4.5-2.5p now. They hold 11.2%.
Tissue Regenix Group plc (TRX) 13.1% stake. Was 6p now 3.8-4p. Woodford has dumped about 4% of his shares in this group. The share was over 10p a year ago. Woodford reduced on 08/07/2019.
Diurnal Group plc (DNL) - Started year at 21p surged to nearly 50p Now at 28p. up 3-4M. Albeit the share was 170-180p in July 2018. 43% stake!
So the H1 results will have a big impact from Woodford dumping shares. He does seem to be doing it gradually. He seems to be focusing on what he believes to be worst performing stocks? I have no doubt he is still selling IP Group stock too. As share is drifting too. I have tried to list all the PLC stocks IP group have.
Modern Water Plc (MWG) - Down from 8p to 1.8p. IPO has 15% stake here. Sitting on a 1.2m loss this year.
xeros technology plc. As of Dec 31 they held 15.9% Plus 1.7% in IP venture fund holding. Now at 10p. Sitting on about 4.7m loss here for 2019.
Applied Graphene Materials plc. 38p now at 32p. Recovered quite well due to some recent news. 16% stake here.
Intelligent Ultrasound Group Plc - Surged on recent news. 7p to 11p. (Albeit in 2018 it was higher than this.)
Mirriad Advertising Ltd (MIRI) Trading 14-15p. Surged heavily due to some recent news. It was 15p or so in January.
DeepMatter Group plc - Trading 3.2p. Surged to nearly 5p in Jan. Does seem to be climbing overall. 10-20% up.
hVIVO plc - Down from 30p to 20p. 1,3m loss.
Avacta Group plc 30p in Jan. Had surged to 45p but now at 27.5p.
Ceres Power Holdings - Seems pretty flat.
Sure there are others. It's their top 20 holdings which could be key here as many of these holdings are worth under 10 million. It's then a case of what they value the holdings that are private. Be interesting to see what deals Woodford does to exit some of these.
Overall I can't find any investment from these that has surged over 20-30%.