IQE is operating in an increasingly cautious marketplace and has very recently received a reduction in forecasts from a number of chip customers, in Wireless and also in Photonics, impacting anticipated revenues for the second half of FY2019.
As a result of the above and with the expectation that uncertain market conditions will continue in the short-term, IQE now expects to deliver revenues in the range of £140m to £160m for FY2019 at prevailing exchange rates (consensus £175m).
This is a larger impact than the previously guided risk related specifically to Huawei, due to the far-reaching impacts on other companies and supply chains that are now becoming evident.
Ajok, agreed. Can’t wait to get shafted yet again. Im gunna hold to make sure it happens. Think on the bright side. At least we get to spend another year at least massively down before there is even a chance of recovery. Just add that to the past 2 years and the equals 3 years minimum of money tied up sat there on hige losses whilst the rich continue to manipulate the stock. I’m a glass completely empty kind of guy at the minute let alone glass half empty. My guess: excellent results, 5% gain, good results, 0%, as expected results, 5% down, bad results, 12% down
RE: It's going in the right direction01 Mar 2019 14:02
Farruggia1967, I’m still stood beside my bed waiting for that RNS. ( I said i would fall over if I saw one). I’ve had to sleep standing up lol. Definitely looking like a trend reversal though. Shorters at lowest we have seen in ages
We seem to be stuggling to break this 80 resistance (as expected) maybe this afternoon it will. My average annoyingly is 130p so i still need a 62% rise from 80p just to break even.... huff. Im confident long long term this will do well but its killing me watching this daily. 62% more
Dibeg i have also had issues trying to buy or sell. Last year i missed a massive gain as the market wouldnt give me a price. Tried for over an hour. Market closed and opened the following day 7% up. That spread you are talking about can also be annoying as you cant day trade the stock as its to high a spread. My basic thoughts on IQE are long term strong buy. But this year is going to be volitile as usual. We have seen iqe over the past year have very good recovery gains such as this week, only to lose it again and fall to new lows just a week or so later. That worries me
Me too! I bought Boohoo and Purplebricks a year ago and lost massively on both even though boohoo had very good results i lost £10k on results day. Sold out and cut me lossess to buy iqe at 165 and have repeatedly averaged down since. I now have 50,000 shares at 130p average. And a 50% loss on this now. Worste trades ive ever done. 6 years in a row of good gains and now sat here!!!!