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Wow really nice buy now at 50p:
08:56 - 19/11 Buy 114000 50.00p £57,000.00
No idea what is going on now - why it is still dropping after so many good buys?
Curious drop below 50p after good start hmm.
Trade with caution ;)
2 nice buys from private investors this morning:
08:04 - 19/11 Buy 19707 51.60p £10,168.81
08:03 - 19/11 Buy 19158 51.48p £9,862.54
Would you dare to invest that much? ;)
bandit1 - on 11th September, 2019 guys from Motley Fool were talking this when it was at 50p:
https://www.fool.co.uk/investing/2019/09/11/why-id-sell-the-iqe-share-price-right-now/
And few days after that SP went up to 65p. Making guys from Motley Fool looking like fools ;)
It seems that it is worth to take a punt at 50p ;)
Up to anyone's decision anyway ;)
Here 50p seems to be secured and safe after today.
KOOVS - tiny mcap - can be easily manipulated. It may be worth a punt under 2p if it will drop that low.
55p-59p will be a new average in coming days?
News were not that bad to continue this drop below 49p-50p.
Company has invested a lot in the last 2-3 years, which should start giving fruits in the future to come.
I will be happy with 60p as well ;) even 59p will do :D
What we have now looks similar to drop from 21 June 2019 - also after trading update.
And then it recovered to 69p in few days.
Also it is worth taking into account progress made since 21 June 2019 by now.
Risk is very limited here at this price.
From today's RNS:
Since June, the Company has taken steps to reduce costs and capital expenditure as the infrastructure phase of capacity expansion has been completed. Capex will be towards the bottom end of the previous guidance of £30-40m and the net debt position at year end is expected to be between £15m to £20m, against increased debt facilities of £57m announced in June.
The outlook for 2020 includes a seasonally weak Q1 and continued supply chain transitions in the wireless market. Beyond Q1 2020, IQE is cautiously optimistic about a return to growth, driven by expected content gains in an expanding market for 3D sensing, demand for GaN to meet accelerating 5G infrastructure deployments and expanding Asian market opportunities for both Photonics and Wireless products as supply chains continue to localise. Taking all of the above into account, the Company expects total revenue will return to moderate growth in 2020.
Dr Drew Nelson, Chief Executive Officer of IQE, said:
“IQE has experienced very challenging market conditions in 2019. Shortfalls in revenue relate predominantly to two major customers, with whom IQE is confident it has not lost share and who remain very well positioned for returns to growth in 2020. Indeed, the Company remains well positioned to capitalise on an expanding future compound semiconductor market opportunity driven by the macro trends of 5G and connected devices. In order to fully realise this opportunity, the recently announced Executive Management Board is already making good progress in driving the Company’s approach to increasing profitability, with specific responsibilities assigned for programs on operational execution, new technology introduction, revenue expansion through customer proximity and diversification, and strong cost management.”
Guys it is not bad. OVERDONE SP drop.
From RNS dated 24th July 2019:
''Initial production has now commenced with a second major customer, serving the Android supply chains, and several more are in advanced stages of qualification. Performance data from the Newport Foundry has exceeded previously attained performance levels, and several new qualifications are now in long term reliability testing.
As a result, IQE has signed a contract extension with one of its largest VCSEL customers, extending the current contract until the end of 2021. In addition, two other existing contracts have also been extended with several other new contracts in final negotiations.
Vertical Cavity Surface Emitting Lasers (VCSELs) are a key component in multiple current and future 3D sensor systems, using both structured light and Time of Flight (ToF) technologies. Applications range from 3D Facial Identification (front facing) systems and world facing cameras on mobile handsets to LiDAR and in cabin sensing for autonomous drive vehicles, range-finding and 3D sensing systems for a wide range of industrial and commercial applications. Production volumes are expected to ramp strongly over the next few years as adoption across multiple mobile platforms and other use cases proliferate. In anticipation of such strong growth, IQE has invested heavily over the last two years in building the worlds’ largest VCSEL epi-wafer facility in Newport, UK (IQE’s Mega Epi Foundry). IQE is involved in multiple engagements across all of the aforementioned applications, and is currently qualifying more than a dozen volume customers at the Newport Mega Foundry.''
Dr Mark Furlong, Executive VP , Global Business Development, Photonics and InfraRed commented:
“The initiation of production for a second major customer at our Newport Mega Epi Foundry, is another important milestone in cementing Newport as the premier location globally for large scale, state of the art, VCSEL production. The availability of the large-scale production capacity which has been established over the last 18 months at Newport, and consequent improvement in production efficiency and performance, is highly valued by our customers as they address mass market adoption across multiple applications.”
From today's RNS:
''IQE now expects to deliver revenue of between £136m and £142m, compared to the previous guidance range of £140m to £160m, including a forex tailwind of circa £3m.''
Dibeg - how can you say that this is negative? It is lower than expected, but not negative.
£100mln drop in SP because of £6mln and £18mln difference in estimated revenue?
This drop in SP is OVERDONE
I'm trying my luck today in IQE to win some more cash and then to reinvest here in ZOE at the right levels of ofcourse ;)
So far so good ;)
And no stamp duty tax - so people more like it to buy.
70p was a little to optimistic.
Now it should settle around 60p
£100mln drop in SP because of £6mln and £18mln difference in estimated revenue?
This drop in SP is OVERDONE
.
From today's RNS:
''IQE now expects to deliver revenue of between £136m and £142m, compared to the previous guidance range of £140m to £160m, including a forex tailwind of circa £3m.''
Drop seems to be overdone.
It's a strong company with solid revenue.
One of not that many these days.
BlackHopper - really thanks.
Wonderful reply - it basically exhausted the topic.
Some people on ADVFN board constantly 'reminding' people about these cursed warrants.
It would be really good to settle this in our minds once and for all.
So in the end these warrants still belongs to RP? and they were not transferred to ZOE treasury after he left?
If there is any chance that he will not exercise these warrants by March 2020 and let them simply expire? Because for example: he will be told so by ZOE's BOD?
Anything else that we may need to know about these warrants?
Just guessing that no savior at the end of the session today for us? eh xD
Or maybe? Knight in a shining armor will arrive, to swoop all shares up to 8.5p! Help us like you did yesterday! Please :D
xD refers to :D