Recommended by myself as a Strong Buy at 8.00-9.00 pence on 15.10.04
http://www.iqep.com/
Daily Execution Price and Volume


(USA)

Semi Index

!FUNDAMENTALS!NEWS
Preliminary Full Year Results - Tue 22 Mar 2005
IQE plc was formed in May 1999 by the merger of two leading wafer foundries, each with a proven track record in the supply of high quality electronic and optoelectronic materials produced using MBE and MOCVD platforms. We believe that the expertise and experience across a diverse range of materials available from IQE is unparalleled within the compound semiconductor industry.

LATEST NEWS :
RNS Number:8494E
IQE PLC
04 November 2004
IQE secures major outsourcing contract with leading RF component manufacturer
IQE's North American subsidiary, IQE Inc, today announced it has secured a major
outsourcing contract to supply a leading North American RF Component
Manufacturer with epitaxial materials for its RF based components used in mobile
handsets. The agreement, which is effective from 1st November 2004 and is for a
minimum term of two years, renewable annually thereafter, provides for IQE's
Bethlehem site to supply more than 90% of the customer's anticipated demand for
their advanced RF wafer products and is estimated to be worth around US$25
million in revenue to IQE over the initial two year period. As a result of the
agreement, internal wafer manufacture at the customer's site will cease. Both
parties have been working closely together for several years; a relationship
through which IQE has gained a high degree of confidence in its own ability to
service the outsourced epiwafer needs of major manufacturers.

IQE's President & CEO, Drew Nelson said "This agreement with such a prominent
global supplier of RF components for the cellular phone market demonstrates a
clear movement towards the outsourcing model within the compound semiconductor
industry. Their selection of IQE as the primary partner, as a result of our
large and comprehensive production capacity, and low cost structure, endorses
the Company's commitment to the outsource model"

A spokesman for the customer commented: "outsourcing certain products and
services such as the manufacture of our RF epitaxial wafers allow us to
concentrate our efforts on the processes that add significant value to our
product offering within the global, highly competitive RF market place and we
are pleased to build on previous work we have undertaken with IQE. This
agreement will allow us to be one of the most highly cost effective players in
the RF component marketplace"

Tradeshows
IQE actively participates in a wide range of tradeshows, conferences and seminars throughout the World.
IQE will be participating in the following forthcoming trade event:
--------------------------------------------------------------------------------
EVENT LOCATION DATE
--------------------------------------------------------------------------------IEDM 2004 San Francisco, CA 07 Dec 2004
(05 November 2004)
The Company was notified today by Canada Life Limited, that following the
purchase of 2,000,000 ordinary shares of 1 pence each in the Company ("Ordinary
Shares") at 11.6 pence each, Canada Life Marketing Group is now interested in
14,551,156 Ordinary Shares. These Ordinary Shares represent 4.6 per cent. of the
issued share capital of the Company.

(20 October 2004) Scottish Widows Investment Partnership Ltd on
behalf of Lloyds TSB Group plc and its subsidiary companies, that they are
interested in 24,020,662 ordinary shares of 1 pence each in the Company
("Ordinary Shares"). Of this interest, 22,039,762 Ordinary Shares are material
interests, which represent 6.98 per cent of the Company's current issued share
capital.

Director Holdings :
Dr Drew Nelson 26,724,636 (5 Nov 2003)
Dr Michael Scott 26,157,970 (5 Nov 2003)
Martin Lamb 3,775,584 (5 Nov 2003)
Dr Godfrey Ainsworth 1,627,020 (20 Oct 2004).

Buy Note published by House Broker Evolution Beeson Gregory on 04.11.04 :

Evolution Securities 100 Wood Street, London, EC2V 7AN 020 7071 4300
Evolution
SECURITIES
www.evosecurities.com 4 November 2004
IQE (IQE) Buy
Mkt cap: 36m Net cash: 11m Contract win Price/Target: 11p/15p
Breakthrough contract win
IQE has announced that it has won a $25m two year outsourcing deal
with a leading US RF component manufacturer. This is a genuine
breakthrough for IQE it gives us the confidence needed to raise our
target price to 15p
IQE have won a major outsourcing contract with a leading US Radio Frequency
wireless/mobile components company. The contract has a minimum term of
two years and an initial value of $25m. This is one of the four contracts that
management were referring to at the time of the fund raising in November
2004. The other three do not appear to be close to signing at present but the
list of potential customers is still there and management continue to talk to
other parties. This contract win proves that there is a market for wholesale
outsourcing of epitaxy and we expect others to follow but not in the
immediate future.
We estimate the split to be $10m:$15m between year one and year two. The
contract involves the closure of the customer's facilities and because of the
sensitive nature of this the identity of the customer has not been announced.
We are not changing our forecasts. This $10m for the first year is already in our
27.2m revenues estimate for next year. It is worth noting that because the
contract is with an existing customer there is an element of revenue substitution
in this contract. However, this announcement does mean that we are
considerably more comfortable with the forecasts than we were.
If more contracts come through, the revenues should go straight into our
forecasts. We would not expect the other contracts to be as substantial as this
but given the marginal loss/profit scenario we have forecast for next year their
effect on earnings could be significant.
As a result of this announcement we have increased confidence in the forecasts
and so we are increasing our share price target to 15p.
Ian Robertson +44 (0)20 7071 4463 ian.robertson@evosecurities.com EVO Securities is broker to IQE
Year end Sales (m) EBITDA (m) PTP (m) EPS (p) PER (x) Yield (%) EV/Sales (x) Revised?
12/03A 18.8 -11.3 -12.8 -6.2 - - 1.3
12/04E 17.1 -8.3 -9.9 -3.1 - - 1.5 No
12/05E 27.2 0.4 -1.5 -0.5 - - 0.9
21. 75 1 5/1 0/03 LOW 2 .20 11/ 3/0 3 LAST 8 .50 Source: DATASTREAM

Yes I have emailpat....I made a 55% profit on my 1.90 pence purchase and 10% profit on my 2.50 pence purchase. Not bad wouldn't you agree considering the derampers were posting all day there and on ADVFN....I wasn't posting because then the derampers would have shouted the price went up to 3.00 pence bid because of ramping which is bizzare as Dil and dell314 could just not stop posting negative things there.

How remarkable eh...that I came out of QTR with a very good profit even though the thread was trashed the way it was.

Keep checking the stock though as Dil suggested it'll be at 0.25 pence by Christmas, didn't he and it'll go bust. Here's one for you, the housebroker is EVO and they have sitting on the bid at 2.00 pence collecting all the sells for the last month. I think you should ask the derampers why they do not post that kind of information on the QTR thread. EVO collected 9 million shares from City Equities at 1.60 pence and I was right all along that they did not sell any below that price and they're still accumulating stock.

None of the posters I recommended the stock to paid more than 2.50 pence so everyone should have made a good profit despite the way the thread was trashed.

Large buy came through for 500,000 shares at 5.29pm from an hour ago at 10.38 pence as trades over 450,000 shares are delayed in reporting by 1 hour.

emailpat ... of course she made a profit on QTR even although she called the bottom at 3p to buy :-)

Kivver her trusty sidekick has even less of clue about reality.

Takes all sorts.

Sue, do you think i should reinvest my 77% reality profit in iqe, i think this a lot further to go over the next year. Starting to regret selling out. Usually like to buy and hold. Suprised Shares Magazine have not returned to this one.

Also got a reality 87% profit on sps, 65% on asc, 89% mph, 55% tsco, 35% ngt, 123%trt, 23% baa, 8% cyh. Reality losses on bprg 35%, 15% wpp but coming back strong. All my successes are down to great people like suehelen who post positive, informative, free and altruistic advice on this boards. Thanks guys.

roflmao

10.00-11.00 pence, up on the bid.

And the Olympic Gold Medal for stating the bloody obvious goes to .......

500,000 trade reported just now at 9.66 pence is a buy from an hour ago. Trades over 450,000 shares are delayed in reporting by 1 hour.

sue helen can you have a look at my posting "sovgem" and tell me what you think. I am big on china companies at the moment and this is the latest after china wonder and london asia

I have not been following that sector since Spring this year so I'll get back to you on that thesaurus.

Price back up today after filling the 500,000 buy yesterday...9.75-10.50 pence.

cheers sue helen

The August Interims came through 2 weeks late than previous years....so the trading statement should come through next week (possibly Thursday). A trading statement will be coming for sure.

Can't wait.

Another large buy for 1 million shares got filled and has come through today at 10.25 pence. MMs picked up 500,000 shares from retail yesterday at 9.75 pence and around 175,000 from retail this morning at 9.50 pence...nice and easy for them.

10.00-10.50 pence...up on the bid and gone blue now. 100K trade reported just now at 10.22 pence is a buy along with the 50K at 10.27 pence straight after and the 50K at 10.25 pence after that as well.

600,000 T trade reported at 10.15 pence is a buy....a buy order filled during the course of the trading session.

Another large T buy has just come for 1.25 million shares at 10.25 pence - again filled during the course of the trading session.

Instituition again filling their boots before the trading statement comes :

Today :

1 Million buy at 10.25 pence
1.25 Million T buy at 10.25 pence
600,000 T buy at 10.15 pence
1 Million buy at 10.23 pence.

We may have another instituition buying :

Thursday 04.11.04:

2 Million buy at 11.61 pence - belongs to Canada Life Limited
4 Million buy at 11.41 pence

Friday 05.11.04:

500,000 T buy at 12.00 pence
250,000 T buy at 12.25 pence
250,000 O buy at 12.25 pence
250,000 VW buy at 12.25 pence

Monday 08.11.04:

250,000 T buy at 11.50 pence
100,000 T buy at 11.50 pence

Tuesday 09.11.04:

250,000 T buy at 10.25 pence

Wednesday 10.11.04:

258,974 buy at 10.38 pence
500,000 X trade at 10.50 pence - transfer of 500,000 shares from one instituition to another.
500,000 T buy at 10.00 pence.

Thursday 11.11.04:

130,287 buy at 10.65 pence - Retail Investor
100,000 buy at 10.65 pence - Retail Investor
200,000 buy at 11.00 pence
270,000 buy at 10.70 pence
250,000 T buy at 10.50 pence

Thursday 18.11.04

500,000 buy at 10.38 pence
1,007,584 T buy at 10.00 pence

Tuesday 23.11.04

500,000 buy at 9.66 pence

Friday 26.11.04

1 Million buy at 10.25 pence
1.25 Million T buy at 10.25 pence
600,000 T buy at 10.15 pence
1 Million buy at 10.23 pence.

Hands up ..... who believes in Santa ???