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https://ftalphaville.ft.com/2018/09/03/1535945400000/IQE--lumpy--Apple--sauce-at-the-pricey-Cardiff-chip-shop/

Very negative article.

@ Copper I was saying it was over priced back then. Just the rampers were in much larger numbers.

@ Harry - Why would it rise? The results were below expectations. Shorters have firm got this share by the throat now.

My take on this. When this peaked at 140-180p i thought it was overvalued. When shorters piled in it looked a share to avoid. Over ramped SP with many on here ramping the SP based on future revenues/technologies. Many giving bad advice to keep buying at much higher prices.

We knew they were spending money on research, new facilities in Wales and that there were possible tax/accounting issues. I was one of the few/(only?) people on here to even mention the costs of this new factory on here before the H1 results. 1m cost is a big chunk of the expected H1 profits.

When the results arrived many seemed shocked that with the SP dipping below £1. We knew from the July TU the expected revenue. So in my view the news was always going to be worse as I knew revenue had barely shifted and other costs were likely to impact here.

Some of the share review sites have rightly pointed out this is a company that is investing in future production and products to take off. This will inevitably eat into the bottom line till this facility is up and running. Jam tomorrow for a firm heavily investing in the future today.

Remember this share has jumped from 15p up to 180p back down to 100p or so over 3 years or so. Revenue so far this year static compard to last year albeit to a currency headwind. I always said this share had an assumed 40% growth built into it's price. Maybe if they manage this 40/60 revenue we could see this happen. Looking at this it would seem to mostly be based on the current production. With some coming from the new facility? Hard to judge as they are talking revenue and not production! Looks like this new facility won't be properly active till late 2018/ 2019 to really impact figures. One assumes they have orders to use this additional production.

Another thing to look at is daily trade volumes. There was a huge spike in trade volumes around the results. Could be shorters or institutions. This is normally common for most shares around results. Volumes now seem much lower. The lower volumes could make it much easier for shorters to push this lower. Since the result the Sp has been firmly pushed below £1 so far. Question is what pressure there will be if the share is shorted further.

This share needs some positive news. Not quite sure where this will come in next month. A takeover would be the big news here. Not sure how likely that is. Otherwise were waiting for a further TU to show business is booming. I guess we have the IQE roadshow but not sure that will do much here.

I think patience here is needed.The idea this share will just shoot straight back to 140p in next few months I think is unlikely. The broker reports are just that. They have been predicting 170-210p for a while now.

See what happens next week but I think this could edge lower unless shorts clear or big funds come in here. No real update on shorts above 0.5% since results. Maybe some are delayed reporting this. So many hidden short positions so hard to kno

50p is a touch harsh. No way any shorts would close if that was the case. Share price would not be hovering around pound mark either. Very low volumes today so far.

Interestingly the WorldQuant reduction was day before the results. Still need to wait for dust to settle to see what the shorters do here. I always said many could be waiting for the H1 figures if they contained bad news, Certainly wasn't great news in terms of numbers.

After close there were close to 1.7m in sells too. Albeit it was done in 6-7 trades. Assuming LSE has recorded them correctly as sells. There was two other buy trade of note for 100k and 255k of shares. So they somewhat cancel eachother out. 1.7m buys and sells at close of play..

So not really sure how meaningful that one trade really was. What it does show is larger volumes of shares are being traded after the close of the stock market. Given the share price below £1 some of this is likely shorters.

Also don't ignore a lot of these automated trades. Sometimes hundreds of small trades can easily outweigh one big buy. There were close to 12m trades today. 3.4m is only a quarter of them. Plus another 556k traded on the Nexexchange. Is this really all small investors? I doubt it.

On a personal level I don't like copy and pasted trade data, If I hadn't checked the trade data myself that takes a lot of figuring out. Better to say 1.2m buy trade to save all time.

I was suprised how quickly this went below £1 today on very low early trade volumes. Was this new shorting positions or shareholders selling up? Would love an update on the major shareholders page in next few days. I fear we may have to wait till the end of September for this. The GNW from Goldman and T Rowe Price have dried up now.

Worldquant reduced by 0.14% on the 28th, Shorts now at 10.5%, Albeit the actual figure is higher as many below 0.5%.

I am looking to 2018 now. They have had no CFO for a few months now. Share price is now hovering around £1 mark now. Volumes are much lower today. Albeit we are seeing a lot of small automated trades. I am not convinced the shorts are rushing to close here.

There are a few good reviews about relating to the results. Stockopedia and thefool. I think IC have also done a review.

https://www.fool.co.uk/investing/2018/08/29/is-the-market-right-to-be-so-bearish-on-growth-stock-iqe/

You need to sign up to Stockopedia to see the article. Same likely for IC that or buy a magazine. None appear to be overly negative about IQE. That being said so far my share price predictions here have been spot on. At what point does the squeeze on the SP come to an end? It will be interesting to see how many of these large trades today were shorters and how much was institutions. If shorts are not selling up then this share could stagnate for a month or so. Hopefully production in H2 can help.

Getting a new CFO would probably help the SP here.

Overall this probably played out as shorters and I expected. Trade low today was 92p. I can easily see Marshall Wace reducing at these prices given they have been reducing at much higher prices in last week. They could well reduce at averages of £1.03 or so. Big profit for them. We knew the results were not going to be stellar as some here were expecting.

I know everyone here is saying look at prospects here but part of the value in here assumes a certain level of growth which is already expected. They are still spending a lot of money on research. Not helped either by the restated accounts. Or the factory still not yet in production it seems.

Sure there are good signs regarding some orders. However revenue has barely shifted since H1 2017. Albeit currency headwind has not helped here. Nor the tax payment. Albeit it seems they have plenty of losses here to offset against future profits.

This share may take off at some point but I don't think these results will push the Sp much higher in short term.

Would be interesting to know when these brokers expect this share to reach 180-190p. Barclays was at £210 for a long while. If the shorters believed these brokers they would of reduced months ago. Sadly a lot of the buys/trades today are likely shorters. Could also be some major shareholders taking punts or reducing.

If anyone here was taking a punt they would of all dived in at below £1.So 92p seems to be the bottom here. Maybe results in H2 may stand out more if they have put a lot of one off costs in H1 results. That will be many months off for now.

Remember broker reports are paid for. Be a few days before we know what shorts closed here.

Some shorts may close below £1.

Trades below £1.

Oh the H1 results have not been done as an RNS so won't appear on here.

Try a different site.

Headline profit seemed disappointing to me. Albeit if you take off the one offs it would be closer to 11.6m. Cash in bank 40m seems reasonable. See what market makes of this. Nothing really new. 2 new big customers. Overall take more news than this to shift SP.

Marshall Wace reduced again on 23/08/2018 by 0.07%. I think this will continue till Tuesday. Albeit we find out 2-3 days later.

As for 500kx2 and 200k trades. They are only indications on here.

Good luck for tomorrow all. See what happens and if the results get shorted 1-2 days later. Some director buys here would help. I think they all have too many shares here. Likely all getting many shares from performance bonuses. See what happens.

@FattyR - The actual short figure is likely circa 20%. You only see those above 0.5%. These funds have millions, if not billions, of pounds to play with. It's unlikely all their money is in this one share. Like all companies you have a portfolio. Many of these funds got in well above £1 and could be sitting on a profit anyway. They will have done their research too before shorting here.

You are placing huge consequence on these results. I really don't think they will announce anything major. We already have projections for the year. Hence why none of the shorts are rushing to close.We had an update 1-2 months back. Like all major news they wait for it and short it after any initial climb. People have been saying this share will surge for nearly a year now. Hasn't happened.

Your also assuming most of these buy and sell trades are shorters. It could well be normal trading or existing major shareholders. We have seen a number of them increase and decrease their holdings here. Maybe we will see an update on these figures at the end of August?

I hold no long or short position here. I am merely playing devil's advocate. Yes this firm seems to be doing well. The question is what is the true value of this firm? At present a 40% increase in revenue is forecast into this price.

See what happens. I hope for the people here the news is big enough to change the current shorter's thinking. I think many are in for the long term. Or at least till a new report comes out.

Also 2 days for shorters to increase positions. Only Marshall Waces seems to be reducing here. They have had a large position here for a while now. SP is not being pushed above 103p here. Maybe to allow Marshal Wace to reduce further,

Still not sure which way the results will go here. Any sign of bad news could see the SP drop. Mostly the results should be as expected. It's other research costs which could be a worry. Also if the accounting this time round. Cash in bank should also be interesting. Albeit they should be making millions in profit.

Marshall Wace reduced by 0.14% on the 20th. Another reduced by 0.01% on 17th. Could the 2m trade of been Marshall Wace? Even so share is not rising suggesting others are still shorting further here.

To be fair they gave a trading update. They are not going to give updates on a weekly basis. The share will need major news to shift price here.

Looks like they owed Porta 32k or so before taken over. I doubt Sports Direct will honour this.