The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Dibeg: why put such negative stuff on the board when, as you admit, it's such old hat. You must be a bear and want the price down even further. However, positive news from Mick-b that shorts (over 0.5%) have dropped. We can do with posts like that!
Dibeg: why put such negative stuff on the board when, as you admit, it's such old hat. You must be a bear and want the price down even further. However, positive news from Mick-b that shorts (over 0.5%) have dropped. We can do with posts like that!
We shareholders should write en masse to management demanding a regular news flow of communication to us instead of this constant silence so suicidal to the share price (180p just over a year ago, 60p today). Are we so timid that we accept this long-standing silence like lemmins? Our notice board comments are pointless, futile, because they produce no reaction at all from management - doubtlessly they regard such "nonsense" with academic contempt. Do they think we are gibbering idiots not worthy of any reaction? Just who do they think they are?
We cannot accept this management attitude any longer. What to do? Firstly, we should bombard them with letters to them at headquarters expressing our anger and secondly, if we get no satisfaction
we call in the City Editors of the national Press to look into a very disquieting situation. They are very good at that!
Headquarters address is: Pascal Close, St Mellons, Cardiff CF3 0LW
So right you are Londonlad about the company waffle. Yet again another rare but as usual "jam tomorrow" RNS that Mr Pullen starts his job on February 4, four weeks away. So what? That's not news, just an internal company matter. Now that fact has been absorbed for what it's worth there's going to be the boomerang effect as the company follows its usual disastrous pattern of total silence over the next four weeks. Come on management , start putting out some REAL NEWS to make the market buzz in favour of IQE: new customers, new markets, new orders, takeover approaches - anything that's positive REAL NEWS of today.
This share price disaster has to stop: from 180p to 59p in just a few months with management doing nothing about it. At this rate IQE will soon be a penny share. Someone wrote on this board recently that management seem to think silence is golden. Rubbish. With IQE silence is share price suicide. Yet the silence continues - not a whisper of positive REAL news to stem the collapse - what is a "roadshow" and the appointment of a chief financial director is hardly world shattering (perhaps rating a paragraph, no more,. in City pages of the national Press).
The following story has a parallel with the IQE situation and I urge management to consider it:
Some years ago I became the first-ever Press and Public Relations officer for the Open University, then virtually unknown and based at a large house in a desolate field at Milton Keynes. At that time I ran my own Press and Public Relations consultancy and contracted three days a week at the OU. In the following months I rubbed shoulders with all the OU academic staff tasked with recruiting students in the 13 regions of the country - all top-level experts in their individual scholarly fields but without the slightest idea of Press and Public Relations. So this had to be dealt with by me at Milton Keynes. After some 14 months the OU was nationally known and I felt able to recommend that they find a full-time Press and PR officer.
I recount this because a similar situation obviously exists at IQE - brilliant brains all round but not acquainted with the world of professional PR. What management needs to do, urgently, is:
Call in a staff recruitment agency to head-hunt suitable candidates for interview at IQE , appoint the person, give him/her a fancy title like "Director of Communications" and then announce the appointment via RNS. The Press will be delighted to have a professional PR contact at IQE - at last!
I would like to emphasise to management that what I write is not just hypothetical waffle. My credentials are as follows:
As journalist: with Reuters, Daily Telegraph, Daily and Sunday Express correspondent in Scandinavia, the Guardian and Financial Times.
As PR executive for: Volkswagen UK and Sotheby's, London.
My wishes to everyone for a happy IQE New Year.
WATTENE. Thank you for your note.It'sall my own fault. I keep pressing the wrong key on this dratted computer and lose everything. However, as an old journalist pro I have much to say about IQEs lamentable lack of communication with the press and will keep trying with the computer.
City editors of the six or so serious national newspapers and the same number of national Sundays will now be preparing their "company tips to buy" for Christmas and 2019. The IQE press and public relations team should endeavour to get the company among those very influential tips by putting out a press release to them expressing the management's optimism for 2019 with new production plant due to start up creating creating many more jobs, etc, etc all due to happen at IQEs Cardiff-based heartland seen by many as Britain's future Silicon Valley.
to spacecentre15 - thanks for your response. we'll win in the end. meanwhile please hammer home the importance of regular liaison with the national press - national being the key word - via a flow of favourable news from the company such as new customers, large orders, any take-over talks. after all, this company has been universally hailed as britain's future technology "star" - so why not shout about it instead of this interminable silence.
sorry to be such a bore but this board silence fascinates me.. not even mention of interviews, short list or appointment re new finance director. someone wrote on this message board recently: "i smell a rat". makes you think doesn't it.
the board must shoulder all the blame for this price fiasco. not a word of reassurance for shareholders. total silence when all that was needed was a statement along the following lines: "in view of the recent fluctuation in the iqe share price the board wishes to state that the company continues in good health and that the share price activity is due entirely to quick-profit speculaters." the board should do this immediately.
the board must shoulder all the blame for a share price fall from 180p to 76. not a word from them to arrest this fiasco they must go - no more university dons and local government - a shareholders action group needs to be set up, the press informed and an emergency general meeting called.