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

You can bet the institutional shorters will respond to that, so will be interesting to see what happens.

Notifiable short positions slowly easing. Still over 10% however

strikes me that there is much specious shenanigans going on in an attempt to drive the price down unfairly but for the perpetrators benefit

i have no pretentions to being an accountant or analyst, but it seems to be that IQE has properly answered the allegations ..... time will tell

As I posted on the 5th Feb, the FT reported that 23% of IQE stock was out on loan.
Only 11.75% of that was declared short interest, but (I may be wrong) I think they said that this was because shorting institutions who do not fall under UK investment rules do not declare their short interest. So the whole 23% may be due to shorters. Are there any other reasons why stock is out on loan?

An addition to the plot:
https://uk.reuters.com/article/uk-cardiff-iqe/cardiff-university-defends-joint-venture-with-apple-supplier-iqe-idUKKBN1FT2PK

Statement from Cardiff Joint Venture Partner

Further to the announcements made on 5 February 2018 and 8 February 2018, IQE notes the following statement provided by its Cardiff joint venture ("CSC") partner:

"Cardiff University has invested equity of £21.8M in the Compound Semiconductor Centre. IQE contributed their share in hardware, infrastructure and licensing intellectual property, all independently valued. The University entered into the Joint Venture as a strategic investment to ensure our world leading research has a well-founded route to commercialisation. Several project wins have been announced within the last year. Co-owned and controlled by Cardiff University and IQE, CSC applies corporate standards of governance including an independent chair, regular joint board meetings, annual reports and published accounts. The University is represented on the CSC board by appropriately qualified directors."">

Appointment of New Auditor


IQE (AIM:IQE) would like to notify investors that it will be updating its investor relations website shortly to reflect the appointment of KPMG LLP ("KPMG") as its new auditor, following a competitive review process in December 2017. KPMG will audit the Company's 2017 financial results, which are due to be published on 20 March 2018. KPMG replaces PricewaterhouseCoopers LLP ("PwC") who had acted as IQE's auditors since 2005.

As part of the handover process, PwC provided the Company with a written statement which confirmed there were no matters which needed to be brought to the attention of the Company's members, creditors or directors. This announcement is not required under the AIM Rules, but in the context of the two recent broadly similar and misleading reports published by funds with a short position in IQE, the Company wishes to go above and beyond the disclosure requirements as stated under the AIM Rules. The Company holds itself to the highest standards of transparency, governance and integrity.

slowly recovering this morning (+6.5% at 107.5) and the order book looks balanced, but it's not exactly convincing

nevertheless, IQE have put out a statement today (see post above), and there is no more they can reasonably do to defend their position, which de facto means to discredit institutional shorters claims

I agree that the company has done all it needs to do wrt the balance sheet claims. Yet the disclosed short positions have hardly wavered. Is there another shoe to drop or is it that they simply think it is still overvalued? I could point them to other grossly overvalued companies but we won't go there. :)

i have no idea, but the way these hedge funds operate can be somewhat questionable, and of course their comments are never going to be unbiased to their own benefit

Precisely ! It would be like shooting yourself in the head just for the fun of it.

Not a problem changing Auditors, the problem may or may not arise when they audit 2017 figures because I believe last lot only up to 2016. Have I got that right?

of course 2016 were the last figures to be audited

And the new Auditors gave Carillion a clean bill of health LOL!!

a somewhat different case, though imo CLLN should have been brought up sharp a long time ago

IQE is a tiddler, and as far as i can determine, the heart of the question is whether or not monies received from X and Y have been correctly identified and allocated

i'm not sure if you ever buy any stocks at all, but assuredly there is no compulsion to buy those which you do not like for whatever reason

Not a holder cynic, just winding mentor, RSI or whoever he's calling himself this week up :0) No sense of humour.

that slime rarely appears in any form, and in any case, he has mended his manners of late

Oh yeah that'll be right LOL!!!

post 1450 : ???

mentor aka several other sobriquets