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

Slow burner but chart looks promising.

A close above 50DMA would be encouraging skinners.

Response to the company's recent US roadshow - 'BUY' with a price target of 180p:

https://stifel2.bluematrix.com/sellside/EmailDocViewer?encrypt=c57e8e6b-ca9f-4f8a-a59d-6f8622943b9e&mime=PDF&co=Stifel&id=chriswhite@premierfunds.co.uk&source=mail

StockMarketWire.com
IQE - has announced the settlement of prior years' tax liabilities.

The group said it recently engaged the services of an international tax firm to assist with a routine US tax filing for the year ended 2016.

'Unexpectedly, this exercise identified taxes due in the US relating to the profits of an overseas subsidiary for the years ending 2013, 2014, 2015 and 2016, which followed the acquisition of the epitaxy business of Kopin in January 2013.

It said: 'This firm has estimated the tax due as approx. £4.2m, and is in the process of calculating the actual amount, which may take up to 4 weeks.

'IQE immediately initiated the payment of the estimated amount to the relevant tax authority, and will adjust any over/under payment in due course.

'On the advice of this firm, IQE has also accrued interest due of up to £0.4m.

'As a result of a Group re-organisation initiated in September 2016, but unrelated directly to this previously advised tax treatment, it is believed that no similar tax liability arises in 2017.'

IQE said it had historically used a local independent firm of tax advisers for routine corporate tax filings, supplemented with the advice of larger firms of independent tax advisors for tax strategy, planning, and transactional work.

It said: 'The original tax structuring of the acquisition of the Kopin epitaxy business was done in accordance with advice of a large mid-tier US legal and tax firm working in conjunction with IQE's local independent tax adviser.

'IQE used the same local independent firm to complete the routine tax returns for 2013 to 2015, and supplemented this for 2016 with the international tax firm to bring expertise around the aforementioned restructuring.

'The same international tax firm has supported IQE with its transfer pricing compliance for the last four years, and in other ad hoc areas as necessary.'

IQE said it was clearly extremely disappointed with the previous professional advice received and would be pursuing full recompense as a matter of priority with the previous advisers.

It added: 'The tax paid was previously unaccrued, and hence this will result in a prior year adjustment to the comparative figures in the next annual report.

'There is no impact, or additional tax payable, on the expected trading results for 2017.

'Whilst there are no indications of any further potential omissions, the Board yesterday approved the use of an international independent tax firm to undertake a complete IQE group tax review.'

The group said it had enjoyed a strong Q3 with continuing growth driven largely by the ongoing strong VCSEL ramp in support of a highly significant mass market consumer application, and the new Foundry expansion remains on course to open in H1 2018.

It said that as a result, the board remained confident the group was on track to deliver full year expectations, including that of net debt.

Unfortunate, but no real damage. Prospects still look excellent.

Looking good.

IQE has been a cracker for those who have already been holding even if only for the last 6 months
my records show that i bought in feb/march '17 at an average of 51.2p, so though sp has dropped back from about 150, the gain at 139 is hardly to be sneezed at

I bought these at prices between Sep 2013 @28.19 and March 2014 @25.37.

I sold in August @112 and only hold them by S/B now.

the problem with s/b is the time constraint

Time constraint?

s/b surely has time limits attaching

No - they just rollover.

at a price!

For short term spreadbets (with IG mainly) I have used a mix of daily rollover bets and fixed-term bets, depending on my intended timeframe. The small interest charge applicable to a rolling daily spreadbet works out cheaper than a fixed-term bet, as long as the daily rollover bet doesn't last longer than about 17 trading days. Anything longer than that a term bet (quarterly or whatever) is cheaper.

17 trading days is very short
no wonder so many lose money

cynic, surely that is the whole point of using spread bets as a tool short term. What are you wittering on about? I believe you use CFD's, do you still have to pay tax on your profits or have they changed the rules. If I was using spread bets for a longer time frame than I agree with Juzzle above, better using quarterly contract. I have opened and closed daily rollover bets twice this week within three days. :0)

At the moment I am not using spreadbets (mainly because i use them for very short timeframes measured in minutes, hours or days, and at present I am away for several days at a time so cannot track them and react). But more than two thirds of my bets have been well within 17 days, making daily rollover bets the logicl tool.

IQE - rocking along once more and 149 as i write :-)