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Looked to be an existing holding. Hvivo has been taken over and offer price 3p above existing price. Albeit half what it was in Jan 2019. I assume they will issue shares in the new company. Unless IPO took cash.

Lost your nerve Majorboy? You were really positive when it rose. Like you say there is no news and won't be till they have year end figures. Unless they are announcing a new process or clients. With rise of the pound that could mean bad currency news. If you made profit then that is a good thing.

They don't appear to do 2 trading statements around new year. Pre close/ closing. They have already given an indication for the new year. I think any update would mean bad news. So no news may be good news? We had an update 4 weeks ago.

T R Price have been increasing generally for a while now. 02/05/2018 they had around 14% once you take account of loaned out shares. Now around 18%. Which suggests they have been reducing their average/ buying up the sold stock from other holders. I wonder at what point they will stop? 20%? They must see something here but their past record is not great. (Buying on a continually falling SP.)

50p is where the cheapest Broker rated this share. I doubt it would reach 70 without some big news. On a share like this you have to take profits at the peaks. I still wonder if Invesco could reduce here at some point.

Really not that much going on here. Most chat about the share price. Which ultimately proves nothing as we know shorts are still heavily involved here.

Stronger pound could mean better value for funds based in US. More pounds converted back to Dollars. Pound has soared since Boris took office. Not sure what the shift in currency means for profits. Money converted back to Pounds would be worth less? They are based in so many countires so it's hard to say. Exports from Wales will cost customers more now. No doubt we will get an update in new year.

Actually if they have more firms like Autifony Therapeutics Ltd in their portfolio then maybe IPO could take off at some point. They do have stakes in 30-40 firms.

Not sure if Invesco just wanted to go below 20% or are reducing still. I think they want to increase their cash position as investors could be demanding money back. They are in some trouble I think. Share price has been staying above 60p here.

At present value the other holdings need to be worth 390m to match the 60p share price. So could still be fair value even at these prices. I don't have time to dig into the accounts of every firm. Even then I don't know their 2019 performance.

Sounds like you are taking some big losses here.
Since start of year,
Xeros down 95%. Lost 19p. Now at 1p. Was 10p in June
MWG Down 85%. - 8p to 1.2p. 4p or so in June.
TRX Down 80% 6.5p-1.1p

There must be value in these other firms as IP Group rated their portfolio worth 1.1bn. Where does that other 800m come from? I fail to see it. Private firms must be doing okay. These 1p shares will struggle to recover. MWG had divisions which were close to going under.

Seems to have been some very risky investments here which simply have not paid off.

https://www.ipgroupplc.com/our-portfolio/portfolio
They list their top 20 portfolio companies by value.

Yoyo Wallets lost 4.1m on year albeit revenue up 120% to 3.6m. They have about 10m in cash.
Wave Optics lost 10m in 2018. They have just done a fund raise. I hope they have a plan. Turnover 1.3m.
Actual experience down 50% on year now 110p.
Autifony Therapeutics Ltd - Seems to of done well in 2018 with profits of 16m. Revenue 22 compared to 600k last year.
Cell Medica Ltd - Revenue not great and seems to be losing money.

Problem with these above is that the accounts don't show how 2019 is going. Only year end 2018. You can look up each Beta Company results online using a search engine. There are 16 or so other firms I could look through in the top 20. Plus many many more outside this. People in the industry would know better.

Interestingly they put a value on their stake of 274m. It's not a huge rise today. Share does seem to be edging higher.

The rest of their PLC shares you can search on here are doing terrible. Apart from Ceres and one other that is marginally higher than it was in August, Many are down 50-90% on the year. Question is are their other investments making up for these losses? On paper their assets are supposedly worth just over 1bn. So in effect they are at a 40% discount. If they tried to sell some of these the shares might collapse. Others could be almost worthless.

It almost feels like everything depends on this one company. Least there is some value here. Be interesting to see the full figures next year. They won't look pretty as they have taken some losses this year on their smaller investments.

There is always another seller. Why would someone buy at 40p and sell 1-2 weeks later. Funds don't work like that. The big shorters here have held for 2-3 years now. Some funds sell after x years. Other funds have gradually been clearing.

According to Morningstar Invesco Oppenheimer Intl Dvrs sold 9.7m IQE shares. They still appear to have 140m in their 2 other funds.
Miton Asset Management Limited sold 12m shares here. Along with Legal and General and Henderson. Very unclear when these funds sold.

Seems to me a lot of funds under 3% buying and selling. With the likes of Schroder and T Rowe Price/ Kuwait Investment picking up the slack.

Not been any real news since 19th November. So market forces are currently determining the share price. Let's see where it settles. I can't see this maintaining volumes much above 2m. Even today volumes were only 1m. For a share supposedly under valued that is pretty low volume.

It closed at 48.5p. UT price.

This falls in line with my thoughts. Also a large number of shares returned to T Rowe Price. Would this influence the share price too? Not sure if these trades appears on the open market.

Still risk here as the share price is still adjusting. We have little idea on who is actually buying or selling here. Don't buy just based on the share price. Be interesting if a new shareholder above 3% is revealed. Must be quite a few funds still under 3%.

My read on this is a major shareholder has reduced down over last 4-5 days. Once the big seller clears the Sp usually recovers. Happened to IPO group recently. See what happens tomorrow and if the seller is done. Doubt it is shorters. Too much volume.

Might take a few weeks for the share to settle but volumes of 7-8m seems 5-6m higher than usual.

Yes you needs real guts here to average down. Shorts are still increasing. ( None today.)

There is no short term good news here. Before this was a safe share as they were making a reasonable profit. It's now a loss making firm for next year or so.

Suggestion on ADVFN is they lost 2 big companies as clients hence wireless nose diving in terms of revenue. Like most companies they don't announce the customers they lose. 30m is a fifth of their revenue.

The shorts have barely changed in months.

If you look at share price over year you can draw a line that heads down. Yes you get peaks but they are always driven down by bad news

Well 0.1% is them borrowing about 770k of shares. Which is a sell.

You can't rely on bounces here as shorters are heavily involved. They can manipulate any rises here. Right now this share is not worth 60p. Shorters will see it falls below 40p. I have no idea about Intu.

Why should it rise to 60p? I would not rely on paid for broker reports. 60p would require a big influx of orders. From what they have said it takes months for a customer to qualify and reach full product. 6+ months? Longer? So they either need a big shift in orders from existing customers or new customers. This will take 12+ months.

My gut is the Welsh site is in trouble. They are spending 13m a year on research. That needs to be paid for by orders.

It's worthwhile reading Edison report again. The PDF shows price of 46p? Or was that price at time of writing report?

The major issue I see is Wireless. Down from 90m in 2018 to 60m in 2019. That is down 33%. With photonics taking about half that slack. They really need these new customers soon.

Their predictions show wireless flat at 60m for 2020. So wireless is not likely to recover any time soon. Wireless was a huge chunk of their revenue.

So at 341m current value. Stockopedia think true value is at least 40m less. Assuming they don't mean 175m.

This could well fall to 35p. I think Edison gave a 53p value a few months back if they met lower end of predictions. So we are well below that now.

My comparisons to 2016 seem quite fair now. Stop looking at share price and look at the accounts. Accept the numbers currently are terrible. 1 month left in year and their prediction is far from certain even for December.

This may have been a star stock with 40% year on year growth. That is now wishful thinking. They are no Apple. Their margins are not good.

See what happens next week. Directors won't be buying at these prices.

Correction. They held 19% and now reduced to 14.28% of Xeros. Taking a big loss on these sold shares. Albeit SP has recovered to 1.4p. Looks like many changes to existing shareholders in this group. Would be nice if they actually sold a share at an actual profit.

Volumes here still quite high. 2m shares traded today. 0.2% of all shares. Albeit SP has recovered back to 60p. Still think someone here is selling. No holding updates yet.

The huge jack up of borrowed shares from T Rowe Price was another sign. Still no indication this has been reduced from 6.12%. T Rowe Price are also sitting on a big loss. Even the CEO was loaning out shares to another company to buy back.

Yes they may have all this tech for 5g but so far that is in future products. Still also risk that other firms might develop technologies here. A lot of chatter on ADVFN about an IC article. Worries of higher debts, space capacity in production, losses linked to CSDC, vulnerablity to US/China trade wars. Also research issues if they can't afford research for new products. If they try to borrow money now they will struggle. Hence debt facility of 57m.

The drop from 64p to 50p by Deutsche is a 22% drop. Peel Hunt predicting 5.3m loss from a previous 0.3m loss. Can't rely just on the Brokers IQE has paid to give you numbers here.

I do hope for those involved here this does turn around. Right now things keep going from bad to worse with revenue/profits both in decline. This could take 1-2 years to fix assuming this is the worst news out of way. Will they bite the bullet and close a factory somewhere?

As for Majorboy. He seems very positive. Albeit I am not sure what his positivity is based on. So far only based on share trades and share price. Right now what is a buy and sell is not always easy to work out. So many automated trades. Really need an updated Major shareholders page so we can see what the big holders are doing here. The trades here can't all be shorters? Shareholder pages updated nearly 4 months ago.

In 2016 the outlook was really bright. Now it's more down beat. You don't have followers like Paul Scott telling you to buy buy buy.

For now the trend here is a falling share that keeps hitting new lows. Remember many years ago IQE was much higher in price but then dived to 15p or so.

See what happens here but some funds may have had enough.

Deutsche Bank have set a price target of 50p! So they clearly think it's already almost at it's market worth.
https://www.sharesmagazine.co.uk/news/market/6682509/Broker-Forecast-Deutsche-Bank-issues-a-broker-note-on-IQE-PLC

Volumes still quite high here after 4 days. Still no movement on the shorts above 0.5%. Even at these prices they are not buying back their positions. They could be waiting for March and the full year results? After taxes loses could be over 10m? Especially as a weak Q1 is expected. So far IQE has failed to meet any of it's targets in last year or so.

I hold no short positions here. That is not my game. I did wonder if the two 1m trades were shorts clearing. Even with those the SP still fell. So they may both be sells if not shorters? Of course we have no idea what is happening below 0.5% with shorts.

Also had no update from T Rowe Price. What happened to that 6% short? Overall long term 50p seems first target to reach. I can't see this bouncing back to 70p on the numbers predicted.