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Coltrane down by 0.43% to 1.62%. As expected as large volumes yesterday.

8.5m-9m traded today. Must be some shorts clearing.

Coltrane reduced by 0.57% on Friday 28th to 2.05%. Probably why share was back to 48p on Friday. Shorts now 6.51%. Maybe reduced again today? 3 more days like this they will be clear. Any rise in share here is shorters clearing.

I don't see £1.15 any time soon. Would take a major turnaround here. 62p was a great sell. (Albeit Coltrane reducing confused the matter.) I think a loss is more than likely for 2020. How big is the next question? With H1 figures looking pretty bleak. I may be wrong but this virus is likely to push many economies into recession. Which may make mobile makers rethink new products. Especially with supply chain issues. IQE was already predicting a weak Q1. Airline industry is struggling right now. Many people are staying at home. It won't be only industry struggling. We already know Apple sales will be much lower in China.

Maybe I will be wrong long term. Short term I can see considerable downward pressure here. Even with market recovering in London this share is still falling.

What will be the low point here? 30p? If you think that you would be selling now. I think 2019 results will have a market update. Albeit one of the broker has already suggested where revenue might head. Pends when and if shorts decide to clear. There was 6.5m trades on Friday. Hard to know how this volume was split as trades were not appearing on here.

I honestly hope I am wrong. Back at 44p. Low for year was 40p.

Closing price appears to of been 48p. So good recovery here. Volumes up to 6.5m. See what Monday brings.

Corona virus still ongoing. Iran up 385 to 978 cases. South Korea up to 3736 cases (+586 today.). 576 more in China. In Europe France now has at least 104 cases. Surrey got one case and Twitter had a melt down! Right now any flight landing in UK could be carrying the virus. I don't see this stopping in next month till temperatures get much higher.

Judging the collapsing share price here. Coltrane reduced far too early. I wonder if sub 40p is possible here. Global mobile sales are going to be hit by Corona. Global supply chains too. US markets down heavily.

Pends how they are recorded on LSE. They may not be recorded correctly as buys/sells on here. Does seem to be strong downward pressure here. Corona is still spreading. Albeit somewhat contained in China. Share price can be influenced by level 2 demand.

The markets in general are down heavily today due to Corona. There have been 12 deaths in Iran now with only 48 cases. Which suggests actually there are closer to 500 or so cases based on 2% figures. That or Iran is extremely unlucky. South Korea up to 833 cases. Italy 223 cases now. It's spreading into middle East countries too. At what point will this hit IQE in it's Asian supply lines? One person sick in a factory would close the whole factory for 2 weeks. 30 cases in Taiwan and 90 in Singapore. That includes supply chains and production of the mobiles too. Hopefully once this all blows over you would expect production to pick back up.

Personally I can't see how this will be contained. Too many cases where no one truly knows where the source person came from. I can see this having a big impact on Q1 results. It's still possible revenue has gone up elsewhere if new clients came on board. Right now Corona will be hitting sales of mobiles in many countries.

Closing price today 51.15p.

From 62p down to nearly 50p. Testing 50p based on Corona outbreak? Shorters smell blood? Why did Coltrane reduce so much? Hmmm.

The mind boggles. No way the directors will ever buy any shares here. Especially with so many free shares each year even when the company is losing money.

The incentives might help keep key management but why should they lift a finger to help IQE when whatever they do they will be rewarded millions. Maybe IQE has been unlucky with some issues. Especially Corona. However they have yet to show business sense in the way IQE is run. I assume they get share bonuses every few months or is it once a year?

The leaks by their brokers are also a bit worrying. I guess they are using them instead of releasing bad TU. Were about a month away from the results. Hopefully there will be some positive news on increased production or this share price will drift.

Doesn't inspire confidence when firm is going to lose 7-8m on year.

Ironically Coltrane increased their short day before Apple news. Up to 2.62% of share. A rise of 0.13%.

What worries me is that revenue for H1 could actually fall compared to last year. Especially if revenue is down 4-7% in Q1. Share price here is still highly manipulated by shorters. Were 5 weeks away from the results. I am guessing we will get more data on q1 figures then. Not even 2 months into 2020 yet.

New cases in China still seems to be 2k a day with just over 100 or so deaths a day. The figures outside of China seem to be contained. Most of these are likely contained in that one main area.

As ever always jam tomorrow. They were expecting a 3m profit this year. You do have to wonder if this will happen. Maybe if new clients and products they use start to become main stream. They are hiring so something must be going right somewhere. GLA.

Be interesting to see if Coltrane reduced into this. They are still at 2.49%. If Corona continues for a long while this will hit iqe. No end from them yet suggesting they have used brokers instead of a TU. Hmmm.

Big UT? trade of 2249646. So that is another large chunk of the shares bought back.

No change in shorts today but Coltrane always trail by 2 days. Should be below 2% now. Have to wait and see what is reported.

Coltrane had a huge position here. Probably took view the share had bottomed out. IQE has a lot of good IP here. Question is has the market significantly improved since q4. Also if IQE has business sense to run such an operation. Are the new mobiles been sold using more IQE technology? Seems unlikely given their last TU in November. Orders are likely made months in advance. No news on new clients moving towards production.

If they are doing so well they should say so.

The MWC 2020 in Barcelona has been cancelled. Meant to be biggest mobile showcase. Many firms had already pulled out. 9th Corona case in UK too.
https://www.bbc.co.uk/news/technology-51474116

I figure that is closer to 15.5m to clear now. They will have cleared 0.56% or so today. 6m trades and likely 4m from Coltrane. There was 550k or so on Nexexchange but no big trades on there for last week or so. It does feel like they are clearing fully here. Could all be done in a week. Lot of these shares were shorted for 140-180p. Huge profits here.

Mainly due to Coltrane? Reduced on 10th by 0.06%. Now 2.57%. There has been no real news from IQE? They need many new contracts to increase revenue here. I don't think demand will change over night. IQE may well be stuck with inventory if Apple has reduced demand. That being said the US economy is doing well. China will hopefully recover once virus clears? 1-2+ months? Perhaps a shortage of stock now shorts starting to clear. I was expecting a big trade to go through but never happened. (Scrap that 2m trade has just appeared.) So it's likely Coltrane has cleared 3m or so shares today.

44686 case. Nearly 1116 deaths with 8,204 in severe condition. Assuming China numbers are right? If the virus is mainly restricted to 2 big cities then maybe this will go away. Still seem to be more and more cases cropping up. It's up to 2 weeks before we know if anyone has the virus. There were nearly 180k suspected cases a week ago.

Coltrane down another 0.59% to 2.63%. They have reduced from 4.43% to 2.63% in a 1-2 weeks. (1.8% reduction. Near 40% reduction from their peak.)

Shorts in IQE now 7.09%. Not been that low since Dec 2017.

Somewhat confident the 3m and 900k trade from 7th Feb will be Coltrane. So they could be 2.70% by tomorrow? They are pretty responsible for most of the rise here. 4.43% vs 2.7% is much safer.

https://www.bbc.co.uk/news/business-51438845
4m estimated fall in Iphone sales in Q1. 32% predicted drop in China Q1 2020 smartphone shipments.
5% predicted drop of smartphone sales in China over 2020.

Let's hope IQE is not too reliant on Apple this year. Maybe there is better news elsewhere but the longer this Corona virus goes on the bigger impact IQE may face. How honest is China being over new cases?

IQE website suggests they are employing in all areas. No indiction of what the jobs are. With IQE no news is probably good news. As most of their TU lately have been terrible.