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

Possibly, but then, why didn't the IQE sp surge on the Apple news?

no idea, other than that (to rationalise) many PIs are still shell-shocked and wondering how to fund their portfolios over the w/e

market indices are also vile - cash DOW down 245; DAX down 145; FTSEc not much moved but in bleak territory

Make what you will of this:
https://www.shareprophets.com/file_download/913/SFCR-Investor-Letter_2_Feb_2018.pdf

Marshall Wace has reduced it short interest a tad. Not meaningful.

some bad press in ST today :-(

Can you give us the gist please as not a subscriber for the on-line version.

accusations from a small shorting institution, but with a good track record, that IQE's figures are not nearly as good as published

Reported by Tom Winnifrith on Friday apparently, Matt Earl has produced a 36 page dossier on IQE and it is pretty grim reading. Expect a sharp decline in the sp in the morning.

A quick response from IQE! Will it be enough to prevent a crash?

IQE did respond and no it did not

It could be worse!

A update on an earlier post.

The very brave will have snapped a few shares up, I'm not brave enough!

IQE says the allegations contained within the report published Feb. 2 by ShadowFall Capital & Research are “without merit and provide a misleading analysis of the
company’s financial position.”

* IQE addresses themes in report, says it holds itself to “the highest standards of corporate governance, transparency and integrity”
* Says ShadowFall made no attempt to review its report with IQE prior to its publication
* Co. reiterates that it expects full-year revenue to be ahead of market expectations, and to be not less than GBP150m for the year ending Dec. 31
* Results due March 20

SP already on the blue

The criminals are being F#cked as is their Reputation ( anyway they never had any )

ShadowFall Capital report here...

Https://www.shareprophets.com/file_download/913/SFCR-Investor-Letter_2_Feb_2018.pdf


The Financial TROLLS
Simon Caukwell,Tom Winnifrith, Zak Mir, Matthew Earl, Lucien Miers, Daniel Levi Gotham, City Research

Http://financialtrolls.blogspot.co.uk/p/simon-cakwell.html

I think this will end up in the red again. Almost there already.

given the abject performance of stocks across the board, your comment is not quite fair though it may prove to be true

Article in investors chronicle : conclusion : sell !....

The custom of shooting the messenger has fallen out of favour Mr C! ;o)
I am sorry for holders, but many, like myself are looking for an entry point. That point is getting lower and the short interest is also making me nervous.
I remember Gotham getting their teeth into other companies. The result wasn't pleasant, though some did survive.

According to the FT:
"IQE is the second most-shorted stock on the London market, with nearly 23 per cent of its free float loaned out."

Barclays comment:
In short, we consider the conclusions (A report by Matthew Earl, a sellside analyst turned short seller) to show a misunderstanding of the compound semiconductor industry, IQE’s position therein and its finances. The focus of the report is on two JVs established in part by IQE, one in Wales and one in Singapore. No new information has been uncovered in the report, as the finances of IQE and these two JVs are readily available via IQE’s annual report, Companies House in the UK and ACRA in Singapore. The crux of the negative report is that a significant portion of IQE’s operating profit was generated due to revenue from these JVs during 2015 and 16, enough so as to cause concern for the author.
We disagree with this conclusion for two key reasons, namely the fundamentals and the financials. From a fundamental point of view, these JVs were not set-up as entities merely to shift funds around to benefit IQE, but rather as links between IQE, academia and other supply chain partners in order to further research and development in the burgeoning field of compound semiconductors. In terms of financials, all is disclosed in public documents which have been audited by independent accountants. As a JV partner, IQE participates significantly in the governance of the JVs, but they are separate legal entities, with their own boards and shareholder agreements. The fact that a significant portion of profit came from these two entities in 2015 and 16 is coincidental and does not signal to us anything sinister. On our estimates in 2017 and beyond, IQE’s licensing revenue from these JVs is de minimis relative to the growth coming from selling its epitaxial wafers into wireless and optical applications, including 3D sensing.
The Singapore JV is less high profile, certainly here in the UK, than the Cardiff one, but we think it worth remembering that Win Semiconductor is another major player in the compound semiconductor supply chain. Today, it is significant provider of foundry services to the wireless RF semi industry and is also the outsourced foundry for Lumentum, making the VCSELs on IQEs wafers for the iPhone X. This relationship between IQE, Win and Lumentum is separate to that of the CSDC JV."