Market makers happy to take the stock from traders on days like this.
£200million market cap which is still a tenth of the price of nearest peer valuation. Have a bit of patience and let the stock rerate it will not go up in straight lines.
Only another $3billion market cap to go to equal their nearest peer valuation, who knows where IQE valuation ends up but I bet the traders are annoyed they got shaken out this morning
My understanding of stuart packwood is he simply kept a majority stake but sold a portion into the 2p spike and then bought back the ones he sold and more at 1p