Member Info for Qd22

From the final results in March: "Multiple qualifications in progress with DFB laser products."

Implication that other companies are also qualifying NIL for DFB lasers?

And from today's RNS: "In addition to DFB applications, IQE are also currently engaged in multiple other qualification programmes incorporating the Nanoimprint Lithography technology across a range of wafer sizes and end applications."

Implication that it's bigger even than only DFB lasers? In the qualification process. They usually say less than they mean. Nice!

But I do wish they could decide how to spell Nanolimprint Lithography! It slightly lets the side down. :)

Absolutely agree. I'm no expert but I've followed IQE for a long time, and it's always seemed to me that the IP and developing new tech has been totally missed out on in the price.

This seems huge. In immediate demand, and a whole new income stream.

All their previous forecasts specifically excluded new tech and new income streams. If all goes well with this order - and it has been qualified - previous forecasts have to be binned.

Good question, GT. They said this in March 2018:

"New ‘Mega Foundry’ in Newport, South Wales in progress with plan to house up to 100 tools, creating a facility with unparalleled capacity and economies of scale in the industry. The first 5 tools are now in-situ and on track for production in H2 2018 as expected, and a further 5 tools are scheduled for installation and commission by end Q3. Preparation is underway to acquire at least a further 10 tools within the next 12-18 months as demand requires."

Does anyone know how many "tools" they have functioning at the moment, before any new ones coming online? That would give us an idea what kind of scaling up these 5 new machines can give.

If I remember right they diverted production from wireless products to the VSCELs for Apple, so it looks like they are near their limit until the new capacity comes on line. That might make for a useful RNS, when it does.

Thanks for the update, Rivaldo. I'm afraid I'm out of almost everything now, due to personal circumstances. Back when my house sells, I hope. So, yes, I hope it does great for you.... EVENTUALLY! A nice pause for breath would do me nicely right now. :)

Finally, finally, rewarding faith. Still a hold/buy? Rivaldo? Korg? Hope you’re still here. :)

Thank you for that proctalgia. It really is interesting, and looks like it has great potential for IQE. We always get so tied up in the ups and downs of the SP, shorters and all that, that we forget the potential of IQE's tech.

Last buy was nearly �12k. That's big for TST. I'm glad someone agrees with me. Snuffling around Amazon I see the TS7000and TS8000 costing around �2200 and �1600. I wonder what the margins on those are. Some of these contracts must involve a fair few machines.

...ahead of results on Thursday. Unfortunately others have been having the same idea - before me! - but I still think it's probably worth it. There have been new product rollouts and loads of new contracts against the background of the falling SP. Hoping for good news.

Mobile ODT, for which we are the ideal partner and supply the vital disinfection, are also moving forward. https://www.mobileodt.com/press-releases/mobileodt-introduces-advanced-eva-3-plus-mobile-colposcope/ Great!

"As expected, the Company delivered a significantly improved second half performance, reflecting the progress made towards resolving the technical problems at the new machine shop. Underlying earnings before interest and tax ("EBIT") have moved from a loss in the first half to a profit in the second half, and EBIT for the full year is expected to be approximately �0.4m, which is ahead of current market expectations. Revenues in the second half were 10% higher than in the first half, and are expected to total �37.7m for the year, an increase of 17% over the last financial year (2017: �32.1m). The technical issues at the Company's new machining facility continue to improve, and production of petrol engine turbo charger components at the Walsall foundry is progressively increasing, in line with strong demand. New products for machining are also being introduced. " Yep, all good, at last. And space and demand for further improvement too. Yes, all very good.

Absolutely agree with you Scotty. Yes it is very complex and we need legal knowledge. Yes the requirement for new money is new news (yes, I have changed my tune there). And yes, although I know nothing about how these things happen, delisting is a real concern to me, and it would be deeply dishonest as you say, in view of the new cash requirements. While shareholders can be expected to take responsibility for decisions we make in view of the available facts, we cannot be expected to foresee what is dishonestly withheld.

Agreed Mathsman, though I like your way of putting it: "$50 million small change"! :)) Why have all the old posts suddenly disappeared?

Cassius as I see it this is why the bondholders accepted the restructure/haircut. Agree very much with oldpabear and GCCRa: this is what we were told was coming. For me, it is a time to hold my nerve. Being in this share has always been risky, this is the mopping up just as OPB said.

THANKS guys. Really appreciated.

Right. First let me repeat what I have said before: I am NOT an experienced investor. I don't mind making a fool of myself. So those of you who like to troll and slang can do so all you want, I don't care. :)). But the BENEFIT of your experience would be preferable. Personally, I am learning, sometimes painfully, sometimes not, but I have not worked in finance and cannot suddenly magic 40 years of city experience. So I would really appreciate the experience of those of you who have it. My concern is based on 1. The 10 to 25% spread there has been since December. Varying enormously, but usually over 20%. Are they trying to restrict trading, and so hold down the price? 2. The quoted SP has frequently been outside the ask to bid spread. What does THAT mean? As above if it is nonsense info it may be to restrict trading. 3. I may be wrong, this is where I am certainly out of my depth, but it has seemed to me that while since December the company has certainly been a going concern, it has been valued at way, way, way below the value of its very valuable and saleable assets. 4. Last night I watched the launch through from lift off to after the separation and after the successful separation the relief of the faces of the Avanti team was very very obvious. So clearly a great deal hung on it. OK, there is still a way to go, but it looks like they are over the biggest hurdle. Any asset is always at some kind of risk, but that on HYLAS 4 has just decreased enormously. Did they say that it would more than double Avanti's capacity? And that capacity is what they sell. Yet the SP has not moved an inch. For me these all raise question marks. I don't know what the possibilities are - there may be many - but I wonder if one of them is that once the financial thing is finalised the shareholders will be in a position to take it private. I don't know how that works, my first guess is that we original PI's get some sort of compulsory purchase at the going SP. That would mean that those of you who have held this share a long time and kept the faith, and even supported the company by topping up and averaging down, would be being ripped off BIG TIME. The (American?) bondholder/shareholders would be getting a very valuable asset for peanuts. Yet another carve up. If this isn't total nonsense how do we test it? Thanks for listening. PS. And what is this second RNS today? It's for the bondholders and I don't understand it, but it may be significant that it comes out the moment the successful launch has happened.

Only 4 trades reported so far this morning. Both the buys and the sells, two of each, are well up on yesterday afternoons trades . So I don't quite get where this slight fall in the headline price has come from. Never mind, it's only four small trades. The prices have been very strange for a while. A waiting game.

....successful. Weeks of manoeuvres and tests now. But clearly a lot of relief when separation achieved. Great!

Can't believe it won't. Belt up everyone! :))

Correction, it was actually XXShakenbake... who took the time to reply to my long list of questions. GCCRa had left an earlier post about the technical side - which he's clearly got his head around - that also helped. Romaron's posts have been really helpful about the strategy of the whole thing, and OPB about the financial side (actually understands the docs! :). Others too. It's the Ronald Reagan strategy! Thanks everyone.

Given the incredible spread (and the variation in it), and the way the prices quoted often make no sense at all (for instance at the moment the 'SP' is above the Ask price, and it's often below the Bid), I wonder what sense the market cap figures are at all at the moment. I am not an 'informed investor', I am learning, sometimes painfully. Here it was less painful: thanks to GCCRa's really helpful response to my questions in December I invested a small amount at 6.48 and am a very happy teddy. It was described as buckets of dog pooh at the time.... well, more of the same please?!!! Maybe we'll get more sense after the launch... But it may take some time.