IQE is the leading global outsource supplier of customized epitaxial wafers to the semiconductor industry.

Their technology is of most advanced like AFM means Atomic Force Microscopy and moves a minuscule cantilever over an objects surface, a sharp tip passes over dips or rises punched in the surface and reads out digital information. This technology is not going to slow down it is going to speed up and has to replace most existing forms of memory storage by virtue of capacity and size.

The future of nano-technology, these tiny/minute robots would need very small processors and most sure strained silicon could provide these.

The low share price is due to uncertainty as to when the cash will run out, but I don't think this will happen as cash is of 12 to 15M and NAV of 30p, and losses are going to drop on the next 3 month and we could have profits on the Q4 2004.

Latest news from the Chairman were" The Group remains confident that it is in a strong position within the outsourcing market, although the protection of its cash position is paramount.
With a broad product portfolio allowing the customer base to use IQE as a 'one stop shop', a large available production capacity and a strong balance sheet, the Board believes the Group will benefit strongly as the overall semiconductor industry recovers and will continue to strengthen its position as the leading outsource supplier of advanced wafer products to the sector. "

Nearly all the recent results have been encouraging. Q4 accounts are being completed (30th Dec 2002). IQE know where they stand, if things had got worse their would have been a trading statement by now, and with Amberwave (IQE's partner) increasing its Asian presence, this is a bullish trend and a good point to pick up the shares @ 4.25p

Intraday

5 month MA and Indicators

haven't held these for a long time, though i recollect it was profitable at the time
order book still looks strong

Three shares to buy after today’s updates? - By Motley Fool | Wed, 20th July 2016 - 13:16

The summer sun is bringing us flowers, insects... and plenty of company updates. Today we've had news from a very possible recovery prospect, plus a couple of nice-looking growth opportunities. But which is best?

Top telecoms?

TalkTalk Telecom Group (LSE:TALK) shares have had a tough 12 months, suffering a 43% fall to 221p. But that could well be overdone, with the shares now on a predicted P/E for the year to March 2017 of 15.6, dropping to 12.7 a year later. But what does today's first-quarter update reveal?

Despite a lower customer base, overall revenue has been flat, with corporate revenue up 7.5% and data revenue up 38.5%. The company expects full-year revenue to "grow modestly", and has reiterated its guidance of headline EBITDA of £320m-£360m. Debt is expected to keep falling, and the firm says its 2017 dividend should be at least in line with 2016's and covered by cash flow.

The dividend, forecast to yield 7%, does concern me as it wouldn't be covered by currently-forecast earnings per share, while net debt stood at £679m at year-end -- and I don't see that as optimum use of cash. But, with that low P/E valuation and EPS growth forecasts giving TalkTalk attractively low PEG valuations for this year and next, I think I do see a bargain here -- and very possibly a takeover target.

Electronics winner

Shares in Electrocomponents (LSE:ECM) climbed by more than 9% to 282p by midday, after the electronics and engineering distributor released an impressive first-quarter update. Although overall sales only grew by 1%, that did build on a stronger fourth quarter, and showed sales growth slanted towards Europe -- though Asian and North American sales are falling.

But is the firm's focus on Europe a risk in the post-Brexit world? All chief executive Lindsley Ruth had to say was that it's too early to tell, but the fall in the value of the pound should make the firm's exports more attractive and should provide a benefit to profits stated in Sterling. One to buy? There's some uncertainty here, but with the firm's undemanding P/E of 17.5 this year, dropping to 15.5 next, coupled with expected dividend yields of 4.5% and with EPS growth forecasts, it looks relatively safe for a growth stock.

Silicon success

Shares in IQE have had a rocky ride, losing 44% over the past five years. But a trading statement from the silicon wafer supplier this morning provided a 15% boost, taking the shares to 20.4p. Sales in the first half of the year are expected to be at least 15% higher than in the same half of 2015, with revenues coming from an increasingly diversified range of products and services.

Net debt is reducing thanks to strong cash generation, with £3.5m in license income from joint ventures expected to add to the pot in the half. Chief executive Dr Drew Nelson could barely have sounded more upbeat, telling us that "with the progress being made on new product qualifications, further product developments and with increasing revenue diversity, we remain on track to achieve full year expectations".

With the shares valued at a mere six times forecast earnings, and two years of EPS growth forecast to follow on from the previous three, IQE is my pick of the bunch here.
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Https://uk.finance.yahoo.com/news/three-shares-buy-today-updates-121644273.html

"Silicon success

Shares in IQE (LSE: IQE) have had a rocky ride, losing 44% over the past five years. But a trading statement from the silicon wafer supplier this morning provided a 15% boost, taking the shares to 20.4p. Sales in the first half of the year are expected to be at least 15% higher than in the same half of 2015, with revenues coming from an increasingly diversified range of products and services.

Net debt is reducing thanks to strong cash generation, with £3.5m in license income from joint ventures expected to add to the pot in the half. Chief executive Dr Drew Nelson could barely have sounded more upbeat, telling us that "with the progress being made on new product qualifications, further product developments and with increasing revenue diversity, we remain on track to achieve full year expectations".

With the shares valued at a mere six times forecast earnings, and two years of EPS growth forecast to follow on from the previous three, IQE is my pick of the bunch here."

IQE 24p + 2p +9.09%

good spot .... as you say, still doing well despite a rather soggy market ..... order book fairly balanced as opposed to yesterday when it was very strong indeed

23.875p +0.875p

A new push up after the end of week profit taking

Some are reckon share price very cheap on forecast.....

Edison go for 2.75p EPS this year, whereas Peel Hunt now forecast 3.02p EPS and N+1 Singer go for 2.9p EPS.

IQE/edison/research/report

Next year's forecasts have a slightly wider range:

Peel Hunt - 3.41p EPS
Edison - 3.16p EPS
N+1 Singer - 3.1p EPS

Closed position @ 22.776p there was still 9 days left on the T+15 I took on the 18th

a gain of 28.6% on a week work

Canaccord Genuity Buy 35.63 40.00 51.00 Reiterates

Trading Update - IQE REPORTS FINANCIAL PERFORMANCE IS ON TRACK TO EXCEED FULL YEAR EXPECTATIONS.

Released 07:00 14-Dec-2016.

Peel Hunt Hold 38.00 33.00 35.00 Downgrades

Rewards will flow for Mico Focus if HP deal works out

Herald Investment Management Limited < 5%

A new high @48.50p.

That will be 50p.

Notice of Full Year Results

Cardiff, UK - 13 March 2017: IQE plc (AIM: IQE), the leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, will publish its results for the year ended 31 December 2016, on Tuesday 21 March 2017.

Drew Nelson, Chief Executive Officer, and Phil Rasmussen, Group Finance Director, will present the results to analysts at 9.00am on Tuesday 21 March 2017 at the offices of Capital Access Group, Sky Light City Tower, 50 Basinghall Street, EC2V 5DE.

-ends-

52.75p.

Pretty much at the upper limit of broker targets here?

Yes - final results tomorrow.

Final Results

Record revenues, profits and cash generation reflect the strength of IQE's IP portfolio, which is delivering continued growth across a diverse range of applications and markets

IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced wafer products and wafer services to the semiconductor industry, announces its final results for the year ended 31 December 2016.

£' Million (except EPS) 2016 2015 Change
Revenue 132.7 114.0 16.4%
Adjusted* Operating Profit 22.1 18.9 16.6%
Adjusted* Profit Before Tax 20.6 17.6 17.4%
Adjusted* Fully Diluted EPS 3.0p 2.6p 15.4%
Cash generated from operations 22.5 20.9 7.1%
Capital investment (tangible plus intangible) 19.1 10.0 90.6%
Leverage (net debt + deferred consideration) 39.5 40.4 -2.0%
Financial highlights

Strong financial performance with continued double digit growth in revenues and profits
Revenues up 16% to £132.7m (PY £114.0m), reflects multiple growth drivers and currency benefits in H2
Adjusted* operating profit up 17% to £22.1m
Adjusted* fully diluted EPS up 15% to 3.0p
Strong conversion of adjusted* operating profit into operating cash of 102% (PY: 111%)
Capital investment increased to £19.1m to address near term growth opportunities (PY £10.0m)
Deferred consideration from previous acquisitions settled in full (PY £17.1m outstanding)
Total leverage reduced by 2% to £39.5m (19% reduction in constant currency)
* Adjustments reflect non-cash charges and exceptional items as detailed in note 4

Operational highlights

Diverse range of growth drivers and end markets enables 19% growth in wafer sales, reflecting organic growth in all markets, supplemented by a currency tailwind in H2
Photonics revenues up 43% to £22.8m
Wireless revenues up 15% to £91.3m
InfraRed revenues up 19% to £10.6m
US dollar strengthened 11% against sterling in H2 following Brexit vote in June
License income of £6.7m higher than expected, but lower than prior year (£8.0m) which included a significant element of upfront income.
Direct engagement with multiple Tier 1 OEMs reflect IQE's strong IP position and the increasing importance of epitaxial IP as a key enabling technology within electronic systems;
Major milestones achieved in 2016, enabled by IQE's growing portfolio of leading edge IP, provide a positive lead indicator of significant growth opportunities ahead :
Key milestones delivered on several major photonics programmes during H2 2016, providing significant growth opportunities for 2017 and beyond;
Excellent progress with new cREO technology delivers some early wins, including delivering a step change in GaN on Silicon technology (the elimination of "parasitic channel"), and engagement in development programmes for advanced RF filter applications;
A key customer is engaged in end market qualification using IQE's GaN on Silicon material, signifying that this technology is close to commercialisation; and
Significant contract wins in InfraRed, and progress in a number of development programmes underpin the continued growth of this business, and progress towards new high volume applications.
Positive market dynamics, including increasing M&A and sector investment, reflect the increasing focus on compound semiconductors as a critical enabling technology to major growth themes, including high speed communication, the "internet of things", big data, advanced medical technology, energy efficiency, and autonomous vehicles.
Good progress by IQE's Joint Ventures in the UK and Singapore mark key milestones in their development as centres of excellence in driving innovation and commercialisation of advanced CS technologies. The UK Joint Venture was a catalyst to securing c.£300m of funding towards the continued development of a UK CS Cluster, and the Singapore JV has been selected as a partner in a major programme for CS on silicon technology.
Dr Drew Nelson, IQE Chief Executive, said:

"IQE delivered a strong set of results in 2016, with revenues up 16%, PBT up 17%, and EPS up 15%. The continuing growth in revenues, profits and cash generation is being enabled by the Group's portfolio of cutting edge intellectual property, and is being delivered through a diverse range of growth engines.

"Revenues were up in all key markets: wireless, photonics and InfraRed. Photonics continues to be the star of the show with 43% year on year growth in sales, and a CAGR of more than 35% over the past three years. This is being driven by VCSEL and InP technologies which enable a broad range of applications from fibre optic communication, to advanced sensors, and industrial processes. The depth and breadth of photonics development programmes and customer qualifications provide a solid platform for continued strong growth over the coming years.

"InfraRed sales were up 19% with a number of notable contract wins during 2016. This division has gone from strength to strength, with good technological and commercial progress. Our largest division, Wireless, also performed well, with revenues up 15%. Good progress within the wireless division in 2016, including continued innovation, new product development and new qualifications, has strengthened IQE's strong leadership position in this space and provides a good platform for further growth.

"Our focus on building a strong IP portfolio reflects our vision of global leadership across a range of markets as advanced semiconductor materials become an increasingly important enabler of a wide range of electronics applications. This strategy underpins our strong financial performance, and the exciting outlook we see for our business."