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

All midle price trades where certainly overhang being cleared and now at the best for some time 29.50 / 30p

After some massive sales this afternoon the position is now that 25 million shares have been sold, net, on the day - and as you point out, the price has now gone up. Confusing.

May be a very large buyer in the wings waiting to mop up

re - confusing

no if you knew that they were not sales, but "Ins" BUY, and now but earlier but now reported.

Some have to learn a lot before making afirmations as such ..... 25 million shares have been sold,

from 4pm and 4.30pm is the time were reporting of large trades ( during the day ) is being done

There is a net difference between buys and sells of 25 million shares on the day, fairly obvious really. I think you may have missed out the word net.

re- net

and were do you take the figure from?

34 million shares were traded today, 4 million odd buys and over 30 million sells. This is around 5 times the daily average for IQE. The largest sell was 2.3 mill. Buys and sells are quoted here and on other boards and are mostly reported in real time but as you say, larger deals are often left until late in the day.

lesson

1- never take the trades on "mam" as accurate as buys or sales
2- Institutions never buy at offer price 9 large trades ), but middle price and if posible at bid price
3- as said earlier, reporting from 4pm and 4.30pm are trades placed at specified price


note on that
how can be that as you said sales and share price rising so much?
you should realised that is not posible.

nice weekend

How nice of you to offer a lesson, even though I'm afraid you seem to have missed the point.

Trades are quoted in other places as well as Money AM and without doubt there were very many reported large sales of IQE today. It is of course perfectly possible for there to be a great number of net sells, or net buys, in the course of a day and the share price to not do what you would expect it to. And there is always a reason for that, and I am interested to know if anyone has a view as to what that may be in the case of IQE.

There are various unsubstantiated rumours around regarding a large short, or that an institution is reducing its stake, or as Oak Apples says above, there could well be a large buyer around waiting to mop up.

Nice weekend yourself.

People hedging their bets. They can either buy or sell .

A good deal of buying today , but the price is going ---you guessed it --- Down by 0.75

Yes, weird isn't it. Interesting comments on the LSE chat board re sales logging as purchases and vv when the price moves and a deal is logged later. Not sure if it's true or not.

One bloke has an institution selling to balance the books ahead of the end of the financial year, and someone else has an 'infallible' chart showing a swift move up to 40P+.

*tightens seat belt and waits*

It is amazing the differences of opinion between brokers on stock valuations. You often wonder whether they are looking at the same stock !!

I agree completely. In the case of IQE seven of the major brokers have it as a strong buy, most with a target price of around 60P, but that doesn't necessarily mean anything. The market often seems to do the opposite of what seems obvious.

Do you ever look at Robbie Burns, the Naked Trader. I'm not sure how much research he does but he is so well followed that as soon as he reports that he's bought a share, which he does every Wednesday afternoon, it usually rockets and so his success is completely self-fulfilling. Quite amazing.

Following the Bollinger Band again today from the top Band last Friday 30p to today's low 28.75p

the prices of the Bands are higher since after the share price went ot the 30p

You can show me Sergeant Pepper's lonely hearts club band if you like, it doesn't make any difference, the bloody price has fallen again. Reasons given elsewhere are worries over the Qualcom competition threat and end of tax year selling. Winnifrith (yes, I know) rates IQE a buy with a target price of 59P.

Just to add the IC comment into the mix:
"IQE boasts a compelling growth story and the prospect of major savings from integrating acquisitions (£7m from 2014 onwards from Koplin). While the divergence between reported profits & cash generation until 2016 does increase risk, on 8.5 times 2014 EPS forecasts, the shares are a speculative buy".

[On the subject of the profits - cash generation, strategic progress has come at a price, albeit one that is not evident from the P/L accounts due to the structure of june's acquisition of RF Micro Devices. The purchase is being paid for by giving price discounts to the buisnesses' former owner until 2016, so while sales are recorded at their full price, the cash cost of the discount showed up as a £8.4m hit to the operating cash flow".]

The continuing price decline can, in my opinion, be only put down to the concerns by some over the Qualcom issue, despite denials to the contrary.
What other explanation is there ?

27/03/13 14:01:42
News Alert for IQE ORD 1P.


Cardiff, UK, 27 March 2013: 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 the prestigious "Company of the Year" title at the inaugural ESTNet awards.

The awards ceremony was organized by ESTNet, the network for organisations in the electronics and software technologies sector

Any news/reason to justify the fall?