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

Looking back, Harry mentioned a total of 23% given by the FT. About half from hedge funds holding more than the 0.5% reporting requirement.

short position now at 9.17% slowly but surely

Interesting, possibly, that Muddy Waters have reduced their short position to below the notifiable limit.

muddy waters shorts has gone down from .93% to .68% to.48%

So, if they were that confident of their research, why reduce?

never listen to brokers/hedge funds DYOR.

Harry. The word bullsh???ers comes to mind.

They do occasionally get it right. Gotham v QPP is one that springs to mind.

short position now at 9.08%

RNS Number : 5897F
IQE PLC
22 February 2018

CSC industry partner ICS Ltd, announces joint development and launch of new high speed (10-25G) detectors for superfast broadband fibre optic applications

Thursday 22nd February 2018: The Compound Semiconductor Centre (CSC), a joint venture between IQE plc and Cardiff University, has announced its key role in the launch of a new product line of high speed InGaAs-InAlAs PIN and APD detectors with one of its industry partners.

The full announcement by Integrated Compound Semiconductors Ltd (ICS) and CSC is available on the CSC website at: http://www.compoundsemiconductorcentre.com/

As part of its commercialisation strategy, ICS is planning to use IQE as its key wafer supplier, providing its own customers with a clear route to high volume product ramp. This provides the first example of the effectiveness of the CSC JV business model, and further announcements are expected in due course from some of CSC's other industry, academic and development partners. CSC is currently engaged with over a dozen high profile partners and together they have already won projects to the total value of over £5 million over the last 18 months. CSC is playing a key role in attracting customers to carry out development work within the Compound Semiconductor Cluster , CS Connected, which will be profiled at the upcoming 'Festival of Innovation Week' in London on Wednesday 7th March.

https://www.eventbrite.co.uk/e/cs-connected-building-the-worlds-first-compound-semiconductor-cluster-tickets-42537923073

while you lot continue to snooze or just waste time with fred and the like, this one has been making a strong recovery as (probably) the institutional bears start banking their profits ..... the original operation perhaps being started on the back of questionable allegations

it was only 8/2 that sp had been talked/walked down to 100 and it now sits at 130

too bad i was travelling wed/thursday so missed the boat a bit. However back "onboard" now again so ignore my ramping...

Comment from Citigroup:
Our analysis so far leads us to make the following observations:
– We note that while the company recognized a gain on the revaluation of fixed assets, it was excluded from the adjusted measures provided by the company.
– IP license fees from JVs were determined through independent valuation and have been declining. Unrealized profit largely eliminated in 2015 against the carrying value of the investment with no further elimination in 2016. This is valid from an accounting standpoint although we believe disclosure could be clearer.
– IQE reports upstream purchases from JVs. These are undertaken at cost & the firm indicates they do not impact IQE's profits. IQE serves as anchor customer.
– On JV Investment Accounting, our analysis suggests that company’s disclosure could be significantly clearer. However on accounting, we are able to explain most of the developments in relation to IFRS requirements.

We have analysed IQE’s JV investment accounting to demonstrate our understanding of the impact of initial contributions, trading between parties, equity method accounting for the losses incurred by JVs and further losses that are unrecognized by IQE as the respective JV investments are already carried at zero value. We consider that the company’s disclosure could be significantly clearer. However on accounting, we are able to explain the development in relation to IFRS requirements. A few questions remain however on matters of disclosure (presentation of revenue for sales to CSC, and potential disclosure of revenue eliminations not recognized in relation to CSDC of £1m). We also await the outcome of KPMG’s audit in relation to whether preference shares might be written down for the further JV losses."

IQE wins place at GREAT innovation Festival in Hong Kong
Cardiff, 1 March 2018: IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, has won a place at the GREAT Innovation Festival to be held in Hong Kong from 21-24 March 2018.

The chance to represent the best of British innovation, sponsored by PwC, was presented during a launch event in London last week. IQE was selected as winner from entrants across the UK because of its global impact and technology leadership in the supply of advanced compound semiconductor wafers.

Kevin Burrowes, Head of Clients and Markets at PwC announced on social media: "And the #GREATInnovation @PwC_UK winner was IQE. Amazing company based in Wales that produces innovative components that are in almost all mobile phones. Well done and look forward to seeing them in Hong Kong late March at @GREATBritain festival of Innovation."

As overall winner, IQE will be represented at the four day festival in Hong Kong, participating in a number of events demonstrating the "Best of British" to wide business, academic and government audience from the UK, Hong Kong, China, Japan, South Korea and the wider South East Asia region.

The Festival will provide IQE with a unique opportunity to meet potential new business partners whilst also further raising its profile across a wider network including government agencies and the investment community.

PwC, one of the sponsors of the GREAT Innovation Festival, will accompany IQE and facilitate a range of promotional and business matching activities.

Lengthy article in this week's IC, written by Megan Boxall.
The last two paras pretty much sum up the content:
"It looks unlikely that IQE is going to be swept away by UK investors due to an accounting scandal. But we do still harbour concerns that it might go the same way as Imagination Tech. Too reliant on one company to thrive. Indeed, the majority of the 23% forecast uptick in pre-tax profits between 2017 - 2018 is expected to come from the photonics business, of which Apple is thought to be it's only customer at present. But Mr Nelson has dismissed these concerns: The photonics market is set to explode and IQE is in a premium position to benefit.

There remains a lot of work to be done if IQE is going to make it as a truly great UK tech company and risks remain high. However we don't think the allegations will threaten IQE's long term growth in photonics. The shares are still not exactly cheap, trading on 26 x 2018 earnings, so we think it prudent for those not already invested to stay on the side for now. "

thanks harry ..... have pinched it for next door

Cardiff, 5 March 2018: IQE plc (AIM: IQE) the leading global supplier of advanced wafer products and wafer services to the semiconductor industry, will be announcing its results for the year ended 31 December 2017 on Tuesday, 20 March 2018.

up 10% today ..... shorters must be bailing out at last and thus squeeze under way

Interesting article in latest Money Week issue. Long and short of it is:
a. Recent supportive notes from City institutions on IQE
b. Short sellers have fundamentally misunderstood IQE business model
c. Recent dip looks like a good buying opportunity

Declared short interest now 8.9%......shorters capitulating very gradually.