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They are getting shot of he low turnover shop https://www.emfgroup.com/businesses/mccolls, they have offloaded load with the option of stock or not.
Dipped my toe in today after seeing the amount of stores they have sold -
https://www.emfgroup.com/businesses/mccolls
We benefitted too from our broader, stronger business with wholesale also adding to our supermarket and online scale. Wholesale contribution to Group LFL was 1.1%, equivalent to very strong wholesale LFL of 21%, primarily due to the c.230 extra McColl's stores that we started to supply in recent weeks. In addition, 25 McColl's stores were converted to Morrisons Daily during the period, taking the total to 56
Exactly - Chip contacts are driven by very very tight margins.
The rising £ and the strengthening commodity prices isn't going to help here. It will hit their profitability big time.
The sharks will be circling watching the share price, if they pushed the price low enough it will just be consumed, ARM is a perfect example.
Don't think you are to far wrong here, I am looking at 48p or below before i dip my toe back in. I did expect more profit with the the low £ plus all the hype of how well they were doing , but what you need to face it, they are in a world of low profit, high turnover components.
Chip contacts are driven by very tight margins. Rising £ and the strengthening commodity prices isn't going to help here going forward, this is only my opinion
Todays Times
Equiniti, bounced back 14½p, or 7.2 per cent, to 216½p amid hopes that the share registration service could become a bid target. Betaville, a financial blog, reported last week that GTCR, an American private equity firm, was interested in making a potential bid for the company.
Rumours building - where there's smoke there's fire
Quotes of £3.15 - £3.20
4 RNS in the last hour : - https://globenewswire.com/Search?organization=IQE%20plc
OMG rumours galore - September 2018 announcement and release date..
IQE new state-of-the-art manufacturing facility - quoted to ramp up production. Getting the feeling this has been on the cards for a while.
Boom time for IQE.
Wonder how Coltrane Asset Management, L.P. feeling..
Doesn’t take a rocket scientist to work out what’s going on here, very confused by the negative comments.
Year ended 30 April, £m 2018 2017  2016  2015
Revenues 78.1 43.2 18.6 3.4
Gross profit 45.1 24.2 10.6 2
Sales and Marketing costs -21.4 -14.4 -12.9 -3.5
Adjusted EBITDA1 8.1 1.7 -9.7 -5.3
Net cash £152.8m £71.3m 30.5m 4.6m
Quick search in google this morning returns, lots of very positive news stories which have been generated within the last 24hours .. articles from New Electronics, Investomania, Expert Consulting, Exclusive Reportage, WalesOnline, BangaloreWeekly, ****** Herald.. all reiterating to the same thing undervalued and outstanding grow potential... last time I saw this amount of noise IQE share price double... Are we in for a catapult session very soon.. IQE is just off a 38.2 fibz retracement point (120), the 161 showing a SP143.. which would be the next stop
Tony22012015, I think you are correct 0.60p - 0.70p is where its heading.. many on here, prompting top-up's.. one idiot SeedoffGod , slated my for quoting 110, while the stock price sat at 140+. I always find the charts don't lie. Falling iPhone and other apple product sales + increasing shorts + basic fundamental's on the charts = this is only going one way.