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

The 2 year chart below clearly shows that we are heading to the 20 pence levels :

Momentum is also really building...not see these kind of momentum levels for a long while (see below momentum indicator) :

In August 2004 after the half-year results were released....the price went from 10 pence to 20 pence in one week....there is no reason as to why it can't do the same again.
This time round we could do a lot better than 20 pence The company is in a much better position and profit noises are round the corner.
EVO who are the housebrokers of IQE had a valuation of 15 pence last November.....a new buy note will come out after the results with a much higher price target.

Bullish Candlesticks and the Bollinger Bands have started widening....indicates a very big rise about to happen.

Volume closed at 5.50 million today but more importantly 173 trades went through IQE. This amount of trades have not gone through in IQE since the day of the contract win announcement last November.

On the move, now. A flurry of buys brought the bid up 0.75, now the offer is up for the first time this week.

And again. Both bid and offer up. Has SH jumped ship and missed this?

.

SueHelen
I am impressed !!!
Can you do the same for Aminex (AEX) ????
Pleeeeeeeze

;op

K******

May see more larger buys come through around 11 pence before close today.

Half-year results out tomorrow morning....Base established above 10 pence today which is excellent for the chart.

10.25 - 11.50 pence....up on the bid and offer.

sue h why do you post under other names on ADVFN and III BOARDS.

The spread is just to big to get in at the moment

So why all the sells if the results are meant to be so good tomorrow ? doesn't make sense to me... perhaps the SP will go down tomorrow whatever the results are like !

Whatever happens tomorrow, i believe this share to be a good long term investment.

Nice try by the MMs to get cheap shares at the close....were happy taking in all the sells at 10 pence today.

Those sellers will be paying 11.5 pence + the open tomorrow after the mark-up on the results.

10 pence is gone forever now.


Remember MMs were happy taking in all the sells at 10 pence....see for yourselves what happens tomorrow.

I'm still sticking with my 15 pence by end of the week target.

PS. Have you seen the size of the sellls.....small in comparison to the largish buys we have had.

The Chart + the Indicators could not be more positive, nicely poised for the good results :

Well Sue, et al,
Where's the upward momentum in the SP then ?
All the hype about the SP going north quickly is not going to come to fruition.
results we're only what might've been expected... nothing exceptional here and a bearish outlook to the next 6 months, there's alot of what if's etc.,
That said, I'll stay in and hope that it has a good 2nd half.. If it does the SP will definately head north then... until then the SP will tread water unless they can get more contracts/deals signed..
Awards are all very well but what we need is sustained, demonstrated higher sales/revenue/profit/cash generation for this company to really turn round ! :)

"10p is gone forever"

Nice one Sue ... you can't half tell them.

You shorting it yet ?