Member Info for Gotrader

Results 10th April.

Iqe are based in north of island. Likely not affected.

Correction Canaccord were selling.

Sadly shorters in background still. Canaccord can only buy up so many shares. Small volumes makes shorting easier.

Sadly at present I think IQE are trading as expected. So results maybe as late as May. They need to increase revenue to meet current broker figures. 115-52=63m. I would expect a min of 63m for H1. I do think Gan sales will help H2. 146m is average broker target for the year. They have ditched 3/6 of their brokers. In fact not had a broker report in over 12 months.

Well my view is no results this month as no date on their website. In theory a TU next week but maybe results in April/May more likely. To be fair everyone is guessing.

20p per share. So £1.5m. The others share he bought around 17p. He is happy to invest here so that is areally good sign.

Share issue of 150m shares. He took 7.5m shares back in May 23.

Price lowered so funds can swap shares. Then price back to 24p market value IQE suggested before the share issue. See if Citigroup hold the share now. Not expecting a TU in March. Last year should of been a one off.

As expected the SP has dropped allowing Citigroup ? to clear? 25m is about 2.5% of shares. Of course we know Richard Griffiths has a lot of loaned out shares too. Not ruling that out. See what RNS follows on Monday. My gut was Citigroup bought the shares to sell on as Invesco wanted out.

If this is about the AMS news then SP will stay at 20-21p. Otherwise I expect the funds backing IQE to buy up shares at this price.

Looks like the fall is related to AMS. Have Apple ditched a major project?

https://bnnbreaking.com/finance-nav/stock-markets/ams-osram-shares-tumble-45-after-apple-allegedly-cancels-micro-led-project-impacting-future-plans

FT site has Citigroup at 4.15% as of 9th Feb 2024. Which is much lower than the RNS a few days earlier. I always think funds postion the % so it's always just above or below where they next want to move. Maybe they will sell out completely. My guess if they would want to go below 3% in one move if they are selling up. Which could also explain slight drop in the SP here. I do wonder who has been mopping up the Citigroup and the small sale of Canaccord shares? Perhaps multiple funds taking on some risk here.

My opinion is the sp dropped to 20p to allow volume trades. Both Citigroup and Canaccord took on shares likely knowing some would be sold on. Invesco likely threatened to dump the shares. Citigroup may now keep the 4-5% holding they have. Otherwise looking for a buyer. Overall there seems to be a positive vibe. Think IQE value share at 24p. Funds merely keeping it there for now. Pretty sure more good news will follow as year goes on.

Had confirmation from IQE the figures are right. 9m+ shares traded today with over 700 trades. Funds buying with confidence.

I merely compared their RNS on 22nd Jan to value on the Major Shareholders page. I have asked IQE the question.

Canaccord have recently sold 8.5m shares between 22nd/31st Jan. Likely citi and them bought out Invesco and sold on shares to stop Invesco dumping shares on market. Citi may now keep the 5% left. Think funds are buying here still. The expectation of future good news

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

Will be from end of month. Citigroup the big new addition. Not sure if M and G investments were there before.

Volumes have been good at 20p. 3.75m last 2 days in large trades. 2x1m and 1x 1.75m. shows funds happily trading at 20p. Marlborough and Canaccord are same group. Just different parts of group holding the shares.

Griffiths has larger holding but pretty much loaned half of it out last week. Think Citigroup will clear. Look for more late trades appearing tomorrow am. Albeit very quiet today.

If you look on ADVFN someone there met the CEO who was super positive about IQE. How well it had done since new CEO. Likely lots of conversations being had in background. See what the American market brings for GAN. Real chance this share could rebound pending good news.

Not too happy about them diluting shares today. Issuing shares when bo money is being made.

Citigroup reduced by about 12m shares which is about same as large background trad aof last few days. 12.25m shares since Friday. Explains why sp holding at 20p.

8m and 2.25m trades gone through today and Friday.

Is this Citigroup selling more shares to Canaccord. 20+ automated trades with similar times and SP rising. Or are other funds at work?

If they want to update major shareholders page good idea to clear up buyers and sellers now. I can't see Canaccord going over 20%. They could in theory add 6% more?