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As expected Coltrane down to 3.22%. Down 0.56% on 6th Feb. So large trades almost certainly them. Could be below 3% come tomorrow. 1/3rd of shorts nearly cleared.

2 more big trades gone through. 3061664 and 864318.
Have to see if this is a shorter. Trade went through at midprice but likely a buy. Volumes here stil much higher than usual. See what percentage Coltrane have come next week. Their last drop was on 4th Feb.

Lots going on. Coltrane down to 3.78%. Reduced by 0.09% on 4th Feb. Pretty sure Coltrane will have reduced for last 2 days.
2 more RNS for T Rowe Price. Their loaned shares down to 4.52%. (31/01/202 and 03/02/2020) No idea why no RNS on this site. T Rowe Price still at 17.59%. Perhaps as Coltrane clear so will loaned out shares for T Rowe Price?

If both start reducing this share will rise unless funds sell into the rise.

2.5m trade gone through? Could be Coltrane? Or someone else? Guessing a buy as the share is higher today. If Coltrane they could be below 3% very soon.

As predicted Coltrane short down 0.12% on 03/02/2020. Now 3.87%. So far 0.56% out of 4.43% reduced. Clearly reducing their risk here. 500k buy at close of play could be them too. There was a large trade yesterday. So they could be close to 3.5% by end of week. Albeit reported next week.

Looks like T Rowe Price reduced by 0.19% too. At 55p maybe some are taking profits too? How eager is Coltrane to sell? I think we will see further updates for them on last 2 days. I think they will time any reduction in time for the results in March.

This RNS relates to 30/01/2020. So unlikely related to todays fall

Maybe an update on new customers before results? See what happens.

Coltrane now at 3.99%. Reduced on 31/01/2020 by 0.07%. Would explain why the share price is rising here.

Have to wonder how much IQE is being affected by this China bug. Reports of people staying at home and being told not to come into work. If 1-2 weeks probably small effect. UK is suggesting this virus could be around for months. Suggestions of 20k people have been infected with the virus now. Albeit the number is likely under reported by China. That number is now rising by the thousands each day. Over 1bn people in China. Hard to track 20k+ people.

As suspected Coltrane have reduced again by 0.22% on 28/01/2020. Now 4.06%.

They may well have decided to clear before the results. See what happens. The have reduced by almost 10% now. The 520k trade today could well be them too. See what happens.

Coltrane have reduced again. 0.04% on 24th Jan to 4.28%. I wonder if the high volume today is them too. Maybe after 3-4 or so years they are taking profit? Will they clear fully? It would take 100 days at that rate.

Coltrane have reduced short by 0.11% on 22nd. Adjustment or starting to clear their stake?

Invesco still selling as per RNS. I think they will sell in 1-2% batches to funds who will take shares. Plenty of buyers here who want in.

Ceres surging ahead here and taking some decent profits here. Will Ceres stay at £4. Most cashcalls normally send shares falling back. See what happens.

Correction UT trade was closer to 85k. The 675k trade was ordinary. So closed at 48.28p.

Well that is about 0.4% of shares. Guessing the directors will grab 10+ million shares this year too. It stops any of the directors really buying any stock. Why should they with huge share bonuses and losses for the year. Plus debt of 15-20m.

T Rowe Price loaning out more shares and reducing by a small fraction. Still circa 18% with loaned shares included.

Large UT trade today. 695k. Not usually that high.

CWR Ceres Power still soaring. Now 360P. 140p up since 220 last year. Nearly 26m or so IP Group have gained based on the SP.

All on ADVFN Chat board for IQE. Post by 1mthead.
'Certainly a thorough article, but missed some important points which would have provided more balance:

1) "The factory already has dedicated bays for 20 reactors, enabling IQE to double capacity if required to meet demand."

Not without taking on more debt and big risk, and we know these machines take a long time to become operational. In order to expand, debt would be much higher than the 17m in the guidance. They are not at capacity yet, 7 out of 10 machines in Wales, so I think adding new machines is not on the horizon for another one or two years. So they are not a growth play, they are a 'hopefully going to catch up with previous expections' play.

2) "US-based Finisar, which manufacturers optical communications products, expects to start production in H120."

Failed to mention that Apple gave Finisar a large cash injection to develop this production line so are almost certain to be a customer. It's unknown how this will affect volume at IQE. One thing is for sure, they won't tell IQE or anyone else that they are about to be dropped.

3) Rent - no specific mention in the figures of the rent free period at the Wales facility coming to an end and what the effect will be on ongoing costs. It's not obvious that this has been accounted for in the guidance.

P/E 178 - Whoa! When I first bought these the P/E was 12 and the sector average was 22, which is what attracted me, and the correction came fairly rapidly. Would I invest in the same company today with a P/E at 178, no pain-free path to growth, and many unknowns? Not at this price.'

Could be shorters are increasing again. JP Morgan was active on 13th. Barclays have actually downgraded share. Before they just changed price target. I wonder what news led to this?

Nervous times for IQE shareholders. Talk on ADVFN of Apple funding another supplier (Named in another post below.). Could Apple walk away from IQE? Or is this for something else.

Not many investors over 5% of shares. Likely Invesco.

My guess is Invesco is now reducing again after the auction has settled prices down a bit. Volumes have been increasing recently. If they were happy to sell below 60p why not at 65-70p? They are still biggest shareholder here.

That is the issue. The reason revenue is so low is they lost 2 big customers and reduced orders elsewhere. Which is why Edison suggest they need to secure new customers to make up for these. It's a nice marketing document and IQE do have a lot of good IP rights. Question is can they turn these into new large contracts. Will customers go elsewhere for products? Can they go elsewhere or do IQE offer the only solution on techs like face recognition? If not I can see their margins being squeezed.

JP Morgan increased their short on 13/01/2020 to 0.85%.

Most funds seem to be sitting and waiting for the results. Same for the shorters. Will the results be as expected? As for all this Apple chat. Their was rumours before that Apple had increased sales of certain products by 10%. Had no real impact on IQE.

Wait and see. I think 48-50p is about fair value till they can show that things are turning around. Hopefully things have reached rock bottom in terms of revenue.

IQE are well placed with production facilities in most continents. Untill they are at full capacity they will continue to scrap to a profit. 3m estimated for 2020. I am guessing this estimate includes some new contracts as they predict revenue 13m higher for 2020.

This feels like an interim report while IQE wait for some news to publish. E.g New contracts or new technologies. If

Advertising is a funny thing. Just by searching on google you can end up with adverts for a certain company.

The jobs page on IQE website shows no current vacancies anywhere in Europe, US or Asia. I would expect some jobs if production was increasing. It could be they are simply not advertising them on their website. The Welsh production site previously did.

Right now share price is where it was in 2016 before the big surge took place. Except debt is likely higher and they are now making a loss. Have to see where this goes. It needs some big news to push it higher. An update on the major shareholders page would be good. Nearly 6 months old.

Pound is still 1.31 vs dollar. I don't see it falling any time soon.

How many new orders do they need to get back to 20m profit? They would need to be big enough to make up for the 2 big lost customers. Next major news is likely 24th March for full year results. Hopefully get some production or new technology news before then. TU is unlikely unless they are missing forecasts.

Volumes of 1-2m seems to be daily norm here. Funds very quiet. Just like shorts. This share has not had the election surge others had.