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I think they will announce the FD next month. They will be eager to get this news out. May even announce a director buy with it if they are not locked out? It would need to be a large meaningful buy. £50k-£200k

For a shorter to have 0.5% of shares here they need 3.5m or so shares. If it is the same parties on a daily basis trading the large volumes it very unlikely shorters. As the average shorter has less than 3.5m shares. Plus were seeing daily huge trades cancelling eachother out.

They would have to be buying and selling shares on a daily basis between 2 funds to maintain the 500k. 700k, 1m and 2.2m trades. Only shorter doing that so far seems to be Wellington.

What is more likely is someone like Shroder or Hargreaves is selling out and someone buying up their stakes. This could account for a lot of the large trades here. AIM firms don't always do RNS for holdings. Although if a new fund is above 3% they will likely announce that to support the SP.

The idea that fresh short positions are replacing existing ones is too far fetched. Especially as the return at 80p is getting more and more marginal. Then again many thought below a £1 was crazy valuation. What is the end target for shorters here?

See where this goes.
If it goes to 70p then many of the brokers will have to start rethinking their valuation. 2-3x share price is very ambitious.

Shorts above 0.5% are down again.
Marshall Wace has redcued by 0.09%.
GSA Capital Partners LLP reduced by 0.05%.
So visible shorts at 10.32%.

What is interesting is how the large volumes creep in at 82-83p. Several large 500k trades. One large buy at 2.2m shares. When a share is starting to bottom out the funds normally get involved with huge volumes. Certainly someone clearing out here be it a shorter or fund.

As others suggest there could still be manipulation here as the share has been drifting for last few working days.

Sept 28th will be interesting if shareholders page is updated.

GSA Capital Partners LLP reduced by 0.09% on 19th. Now at 0.54%.

Share price is stubbornly sticking around 90p. So still unclear if just shorters swapping borrowed stock or funds.

If shorters were rushing tto door I would expect SP to jump quickly. Maybe quite a few did at 80p? I think we won't know for a while really.

Major issue is Brexit. That and many retail firms going under. Such a dangerous time to be raising millions.

It only takes one big deal for IQE to turn a good profit. Question is will that come soon?

They are debt free and sitting on cash. As long as they are making money that is not a bad thing, SP down today. Question is long term will this recover strongly?

H1 revenue down heavily. Profits down to 0.5m from 4.5m. Last year they had a one off client who brought in 11m. This year highest was 2.6m or so.

Least they are not making a loss. SP supported by this buyback scheme to tune of 70k worth of shares a month. Are they propping up a weak share?

The transactions announced on website don't look great. None above 50m since May. Only one above 100m. (170M)

Certainly not worth 150p based on these numbers. I suspect Brexit is causing them issues. Need to read report in more details.

This feels more like 2 funds trading positions. If this is the case we could have a new fund taking a position in IQE. Hence why price is so tied to 89-90p. Also why the short positions above 0.5% have not changed lately. These recent 1m trades could be arranged trades. All just a theory but not impossible. I can't se level 2 but it feels like someone is building a new position here.

Far too early to tell what is happening here.

To be fair I have been warning people this share could fall for nearly a year. I took quite a lot of flack for this. I guess there is an element of people trying to be upbeat. It is sad as those who came in at 180p are sitting on a 50-60% loss. Someone on another site has said it is retracing from 112p back to 70p. Gla

https://www.holmesreport.com/latest/article/2018-asia-pacific-consultancies-of-the-year-winners-revealed

Financial Consultancy of the Year: Newgate Communications (Asia pacific.)

@Find a happy place - Your very positive. Sadly I think this is far from the end of the shorting here. Shoters seem to of found some weakness in IQE. Could be investment cost for the new plant and the cash burn. Could be issues in the accounting. A number of people have posted concerns here about if the right people are in charge here.

I would love to see some director buys here. I don't mean small gestures but a big buy. Maybe from the new CFO when he/she arrives? This share needs some major news to push this higher. I suspect they all have bonus packages anyway.

I don't think we can rely on T Rowe Price to buy more shares here. They already own 15% here. They are playing very much a long term game.

If the SP does rise tomorrow it may well just be shorters manipulating the price. Proceed with caution. This could well go lower here. Question is where is the point where the share has reached rock bottom?

Are we near the point where it's worth a punt. Too much risk for me with a falling SP.

No. Porta issued millions of shares in June. Morton's are reporting this 3 months later. Hence why their % is lower here. Share up on 200k volume.

The results are the cause of this. The numbers did not match what the market expected. If this was a bargain funds would be pouring in here. They are not.

Was discussing this with a friend who was really bullish about this share before. He thought with last 2 results share was fair value. I don't think all the fall is down to shorters. I think some funds may have reduced here. Really not sure what news they can really provide to boost the sp here. Takeover from Apple seems unlikely. As iqe are 1 of 2 providers to market it could cause monopoly fears over the technologies. Especially given all the IP rights iqe have. See what happens.

Sept 4th.
Wellington Management International Ltd 0.53% up 0.06%
GSA Capital Partners LLP 0.63% up 0.09%
11.16% shorts now above 0.5%..

Like I said before lots of shorts hiding just below 0.5%. Smoke and mirrors. Wellington appears to have 2 short positions above 0.5% now.

Profits in Asia were down by 600k compared to H1 2017. Part of the reason for the 2m loss here.

I noticed Britvic has announced a new PR company. Part of the reason for Publicasity problems. Albeit they still seem to have F and F and maybe Wrigley among other customers. It's possible they also ditched non profitable clients. Publicasity have a lot of retail clients who are currently struggling. Feather and Black was one of them. House of Fraser too was a Newgate Client.

I think Newington have taken on quite a few of Porta's Public Affairs clients.

Won't really know what is happening for a few months. A friend thinks directirs could be locked out due to loans. There seems to be a steady stream of small sells here. Unclear if a stale investor or PI. I think stale investor as the quantities are so small. The results were not a disaster.

One of the issues in Australia could be that the public has been getting a bit upset about PR contracts and money heading to private firms. Not sure how much this has impacted government monies/contracts to Porta.

Was good to see 2112 cross selling products from other clients.

I am invested here. I do agree this has not turned out how many hoped here. At this stage I will hold onto my investment here.

Figure that stands out for me is the 2.7m loss on the UK operations.
So they made a 1.304m loss on operations. Part of which was due to this non recurring 909k of costs. That and 1.313M D and A. Question is how much profit can they make once all these costs have been removed? Looks like Q4 will give us some answers.Numbers look pretty tight. Buyers in background very quiet now.

One trade on date of results tells you a story here. So quiet.

So revenue down only 5% after sacking all those senior hires. With relating losses to the changes of 0.95m. With D and A 1.3 m. After dividends a 2m loss. Debt up by about 1m.

Newgate UK costs down 25%. Publicasity to merge up with Newgate.

Third party dividend payments only 350k now. So this is gradually getting smaller. Should help H2 performance with lower cost base.

GSA Capital Partners LLP up by 0.12% on 30th August to 0.54%. Shorts above 0.5% now at 11.04%.

GLA.

'A possible answer might be that a company can only capitalise so much of its expenses, and IQE already undertakes substantial capital investment. Capitalised research and development expenses were £6.4m in the first half of this year, costs that would have pushed the company into losses were they taken through the income statement.

Indeed, the story of IQE is of a company which doesn't produce free cash flow on any sort of regular or bountiful basis, ie has some left over after investments in machinery, facilities, research and those capitalised costs. It raised £95m of cash from a placing in November, leaving it with net cash of £41m at last count.

Substantial investment plans look likely to consume that, and anything else the business produces: another £59m to £82m of capital investment is planned over the next 18 months. In the last year the business generated net cash from its operations of just £20m.'

That's pretty negative. On this basis will they need to do another cashcall at some point?