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

Best change your hospital rh......

Declared short positions steadily increasing during July to 11.26%

another short position declared Numeric Investors llc .5%

so there is 9 shorters on the go.

StockMarketWire.com
IQE reported Wednesday first-half profit before tax rose sharply led by uptick in wafer sales, but performance was hurt by a strong pound.

For the six months to 30 June, reported profit before tax rose 18.9% to £6.6m, from £5.6m the previous year, and revenue rose 4.0% to £73.4m.

Profits were held back, however, by £3.5m headwind from a strong pound, accelerated customer qualification programs and Newport Foundry pre-production costs, the company said.

Wafer sales - representing 99% of revenue - were up 5.4% to £73.4m driven by increased sales in each of the groups primary markets, the company said.

The company said it remained confident of achieving current market expectations at current exchange rates.

'As we transition our business model from being the global leading supplier of advanced semiconductor wafers to a global leader in advanced material solutions, we already see significant engagements for our other core technologies, including GaN on Silicon, cREO and QPC,' said Dr Drew Nelson, IQE Chief Executive.

'We look forward to the rest of 2018 and in particular the further multi-customer ramp which is expected in 2019, with considerable anticipation.'

Deutsche Bank today reaffirms its hold investment rating on IQE PLC (LON:IQE) and cut its price target to 110p (from 115p).

Strong pound ??? ... compared to what , Venezuala ?

Peel Hunt today initiates coverage of IQE PLC (LON:IQE) with a buy investment rating and price target of 154p.

Appointment of Chief Financial Officer

Cardiff, UK. 15 October 2018: IQE plc (AIM: the leading global supplier of advanced wafer products and material solutions to the semiconductor industry, is pleased to announce that it has appointed Mr Tim Pullen as Chief Financial Officer to the board of the Group (the “Board”). Mr Pullen is expected to join the Board, following completion of his current notice period, during early 2019.


Mr Pullen is currently Chief Financial Officer of ARM Limited, a global semiconductor and software design company owned by Softbank Group. During his time at the company, Mr Pullen has been focused on executing the investment strategy and scaling the company’s finance and business capabilities.

more.....

Peel Hunt Buy 80.80 154.00 Reiterates

serious profit warning :-)

IQE plc issues this trading update in response to reports made by a major chip
company in the VCSEL supply chain on 12th November 2018 that they had received
notice from one of their largest customers for 3D sensing laser diodes to
materially reduce shipments for the current quarter.

The Company is currently assessing the impact of this news but at this stage,
it expects there will be a material reduction in its financial performance in
the current year.

Serious leak problem. The shares started dropping like a stone hours prior to the RNS. I wonder what the FCA will do? Nothing as usual I suppose.

of course, though there has been quite a heavy bear position in this stoick for several months, but based on different logic

glad my initial holding in sipp was modest, though sadly, until now, it had been a star performer

StockMarketWire.com
British semiconductor group IQE issued a profit warning Tuesday owing to a weakness in the vertical cavity surface emitting laser sector following a dour outlook from a major chip company on Monday.

IQE cut its revenues guidance to approximately £160m for full-year 2018 after fellow Apple supplier Lumentum, cut its growth outlook, signalling weaknesses in the vertical cavity surface emitting laser (VCSEL) supply chain.

Lumentum confirmed Monday it had received notice from one of its largest customers - widely believe to be Apple - for 3D sensing laser diodes requesting to 'materially' reduce shipments for the current quarter, raising fresh concerns about waning demand for Apple's iPhones.

IQE also warned of slowing photonics demand owing to an inventory overbuild in full-year 2017 that was taking longer than expected to be consumed during the current year.

Wireless wafer revenues for 2018, on a constant currency basis, however, was expected to grow at 8%, above the top end of the 0% to 5% revenue growth guidance, given in the company's first-half trading statement, IQE said.

Adjusted earnings (EBITDA) was now expected to be approximately £31m, the company said.

'The much reported VCSEL inventory overbuild following the successful H2 2017 ramp for a new 3D sensing consumer product application for this technology, took longer to work through the inventory channels than the industry expected, said Drew Nelson, Chief Executive of IQE.

'It is now clear that some of this inventory likely satisfied product build as late as September and October 2018. This resulted in a steeper and later ramp for VCSEL production in Q4 2018. The impact of an immediate slowdown in shipments of VCSEL wafers will therefore materially impact our expected year end revenues and profitability.'

'Nonetheless, Photonics revenues, on a constant currency basis, from FY 2016 through to FY 2018 is still expected to deliver revenue growth of at least 45%, which is within the guidance range we retain for FY 2019.'

'We believe that we have retained approximately 90% share of the VCSEL epi-wafer market that we enjoyed last year and based on early initial indications, we expect a similar market share in FY 2019, but with a significantly broader OEM end customer spread as the technology penetrates many more devices and applications.'

Peel Hunt today reaffirms its buy investment rating on IQE PLC (LON:IQE) and cut its price target to 137p (from 154p).

Deutsche Bank today reaffirms its hold investment rating on IQE PLC (LON:IQE) and cut its price target to 80p (from 100p).

Barclays Capital today reaffirms its overweight investment rating on IQE PLC (LON:IQE) and cut its price target to 84p (from 170p).

Peel Hunt, Deutsche Bank and Barclays a.o views.... don't you love them with their "professional" views??? £200k+ p/y playing "heads or tails"!!