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This looks far from dobe. Usually if shorts close the price goes up.

How many shorts are really left? Or lots hiding below 0.5%?

It would need a lot of short positions to clear 1-2m shares a day.

If the seller is under 3% we may never find out who is selling. Could still be shorts below 0.5% clearing too. Or new people shorting the share? T Rowe Price and Malborough fund (Canaccord) are possible contenders. Does Spreadex still have 2-3% loaned shares here?

UT trade 17.12p so seller is not done here. 16p seems very likely next week.

6.16m trade just gone through. Volumes getting bigger

What makes you think they are done? FT Has their holding at 5.69%. IFT sites says the figure was updated 01/09/2024.

It could be Henderson buy up 2-3% or more of another holder? It does feel like the SP will go lower. 17.54p UT price with only 3m traded. Question is who is selling? Does Spreadex still have borrowed stock here?

There are no short positions above 0.5% on IQE. If directors are going to buy they will wait till it gets lower. Not sure Lemos will risk any more funds here. He is already heavily invested. At what price do volume trades start?

HTtps://research-centre.barclays.co.uk/shares/iqe/broker-views/broker-forecast/

Revenue forecast for the next 3 years slashed by 10m or so.

Deutsche downgrade from 55p to 45p.

8:51 UT trade. Bit early for that?

UT trade at 19.14p. If there is a big seller here still are they done? There was large selling pressure at 20p all day. Where do we think the floor here is? Or will the share rebound tomorrow? I think you could hit your 19p average at this rate. Could we see 17-18p? Be interesting to see if any directors buy in if this goes lower. Been no holding RNS.

Shorts are still show no positions above 0.5%.

@josey I would wait for the market to settle. I don't think IQE will be far off 142m for year but they are not where the market expected. The 185m figure for profits is still true but there is talk of further cost reductions they can still make. They act like a firm wanting to produce 500m+ revenue a year. However they currectly can't do 20-35% of that. When they were small they made money. Too ambitious maybe? There is a trend here of the brokers continually downgrading figures for IQE.

@Hawker. Don't feel too bad. You were not doing anything that others on ADVFN were not. Everyone thought this was the moment for IQE where they would announce a huge rebound in orders. Sadly not there yet.

@Reddragon - You called this at 33p. If you bought at 14-15p you have over doubled your money. I was going to buy at 18p before the previous results. Once it surged to 26-30p I was not willing to take the risk. I never believed it was worth 34-35p. Market backers inflating the share price. Sadly IQE market is still in recovery so 2025 will be the reset button.

Will IQE ever have it's time?

I think exchange rates are costing the firm over 1m in H1. Pound at S1.31. Nearly a year high.

I said about 8-10m loss before tax. 8.9m loss reported before tax.

Revenue for year expected lower end of £130m to £153m. Broker average was £142.59. I don't think they will meet that target. Will revenue in H2 drop? Maybe marginally ahead? Net debt circa 17m.

What will market think. Is 24p fair value? They can't keep burning through cash like this.

Ebitda profits maybe. However to cover the admin costs of 26m they need revenue of 185m for the year. Expected loss for year is circa 15.7m before tax.

I think Apple is still a client question is if there are new parts that IQE are supplying? Or is the iPhone release reason for the big drop here? Seems unlikely.

Is this the market doubting IQE or will it rebound next week. I would expect losses of at least 8-10m or so. It's the trading update that matters. If that is not positive this will dip lower. I can't call what will happen here.

Brokers forecasting 12.62M loss for next year. Are you sure about 2025? They need about £185m revenue to break even. I don't think brokers include one offs.

The great sell off with barely 1-2m traded daily. If a major player wanted out the share price would be much lower. I didn't personally think the share was worth over 30p. Of course IQE valued share at 24p discounted to 20p last year. Hard to value loss making companies.

Volume trades about 26p?

My point was the fund will hedge either side of a point so they can continue buying or selling. Now they can buy nearly 9m shares without notification to the market. If they bought to 14.9% then if they buy more they have to literally do another RNS a few days later. It's what the other funds did here. Laying markers to their intention.

Fact they stopped at 15.1% suggest they could buy more. Price still subdued so see what happens.

Major shareholders page has been updated. Looks like Citi Group are under 3% now and Richard Griffith likely the buyer.

Janus Henderson up to 4% too.

htTps://www.iqep.com/investors/major-shareholders/

Shorts closing or new investors taking stakes? There was a suggestion 10-20% of share was still sorted.

Could this shoot up to 40p? It over doubled last time they thought the share was about to bounce. 25-60p.

I think most selling here are done. Now it's the race to see who can close short positions first. At some point the broker suggesting only 133m revenue for year will raise this and the target revenue for year could be 150m. Unlikely?

Sooner or later IQE will get it right and this could rocket in next few years. Right management now.