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

An extract from Friday 13 August 2005 edition of Personal & Finance Confidential

"Almost eight months after its last profit warning it is now time to buy IQE. My very reliable city source tells me that both order flow and cash flow have improved over the last three months. IQE's cash position is now breaking even -something it has not managed for the last two and a half years. Word has it that May and June were record months for the business. IQE's interim results are out in September and they will surprise the market."

From the 25th May 2005 AGM statement -

"As anticipated in the annual results statement, revenues for the first half of
2005 will be substantially higher than either the first or second half of 2004.
Overall, unaudited Q1/2005 revenues increased by 20.2% in dollar terms and 15.3%
in sterling terms compared with Q1/2004. This represents the second consecutive
quarter of significant revenue growth since Q3/2004, and we expect this
sequential growth to continue, resulting in revenues for H1/2005 which are
expected to be approximately 20% higher than for H2/2004.


The increased revenues will result in substantially reduced losses and a
reduction in operating cash outflow for H1/2005 compared with previous half
years, although final repayment of some debt and additional working capital
consumption for inventory build-up as part of the large outsource contract,
which was signed late last year, and capital expenditure at Wafer Technology
will increase overall cash outflow in H1/2005 beyond EBITDA. Nevertheless, we
expect the half year cash position to be in-line with our 2005 budget levels


Results are due in on 24th August, and this may be the time to buy in under 10p, as I truly feel the company now has its house in order.

The semiconductor outlook has not been this bullish for years. IF IQE can outperform (which should be hard with the dollar strength and previous announcements) then maybe a few more institutions will come on board at this low level.
--------------------------------------------------------------------------------

After the good buying we have seen all week.....the price has built support at 9.00 pence. The most interesting part is that the price will start rising heavily from Monday after the 750,000 BUY at 9.25 pence at close on Friday. That pushed Level 2 at 2 v 1 which is really positive and I would expect some ticks up from the off on Monday.
I have been following IQE since last October and I am expecting the price to hit 15 pence by end of the week.

PS. I will be buying another 19,000 odd shares on Monday morning.

They say you have to wait a long time for a bus and then 3 come along, but wait a long time for SueHelen to post again and a 11 posts come along. Will you be taking any profits before the results if they go to 15p + ?, if the results are what you expect what price do you expect them to reach.

This is a first, I'm actually already a holder of a stock being ramped by Suehelen!!

Crack on, ramp away!!!

:-)

pth

Aldwick....my target price is for end of the week...the results are out on Wednesday which will provide the impetus.

Great to see you back Sue, hopefully ill be in for 25k more on Monday morning.

Can I sue Helen if it all goes pear shaped !!!

K******

;o)

You can choose to believe me at your own peril Krypton.

Nice to be back John...will catch up with you in more detail next weekend.

From iii :

No, not an employee but have heard through a friend of a friend who is an employee. I have no concrete evidence or access to any sensitive information but I have no reason to disbelieve this info. This should be to no great surprise anyway, as we all know they have a $25 million order to fill any they cut staff levels some time ago to improve efficiency.

Lets all hope they are now making profit on a month by month basis as Mr Nelson predicted they would be. My 'guess' is that they are.

Nice MM Buy at full price 9.50p accompanied by constant buying, must see it starting to tick up soon.

pth

L2 1 v 1
Just EVO sitting on the Offer, must have some stock they need to get rid of.

pth

Now 9.6 sell price... 1p profit for me already :)
Lets see 10.5 by the end of today hopefully...........

Lots of large sells today and only 1 large buy and the price is now down 0.25p

aldwickk

you on the right thread old chap?looks like it's going up to me!!

pth

It was 9.25 --- 10.25 when i posted, with only one 150,000 buy.

Oh well, up 12.5% today, hopefully with some good ol ramping from Suehelen, it will keep doing that for the rest of the week. LoL!!

pth

Bought another 17,000 odd shares at 10.45 pence near 4.00pm...as expected big buying volume today and expect more strong buying for the rest of the week.

Mark my words that we will see 15 pence on the price by Friday.

I tipped this share to recover as both the company and its new technology is sound, - all that is lacking is punter confidence - (assuming no company bomb shell announcements or major market corrections etc). A lot of silicon chips products will be purchased during the run up to xmas - hence inventory replenishment!!

If you want top double your money before end of the week - get onboard now. 5 million + volume today for IQE is wicked.....
Chart showing a clear breakout on the upside now...once we're past 12 pence...20 pence will come very quickly.
100K block buys going through above 10 pence was very nice to see....

100,000 buy at 10.40 pence
100,000 buy at 10.25 pence
220,000 buy at 10.25 pence
100,000 buy at 10.25 pence
152,815 buy at 9.75 pence
200,000 buy at 9.75 pence
752,158 buy at 9.50 pence
150,000 buy at 10.00 pence

Not your average punters having a dabble at IQE.

Expect more big size buying rest of the week.

The price broke the 200 day moving average today (very bullish signal) :