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

Much ado has been made about the threat of competition from a new chip from Qualcom. I can't see what else is responsible. Let's hope that 20 sees a bounce.

You were right about the bounce - to-day most surprisingly IQE is the only bit of blue in my portfolio !! - Will it last I wonder !!

Yesterday UP today DOWN, but the trend of the last few days looks more promising

On a down day for the market the order book at the moment 603K v 540K looks strong on a spread of 21.50 / 21.75p and later should move back above 22p again and follow last week trend UP

A good bounce from the earlier weakness already 22.625p

Just spotted this after the bell..

June 10, 2013 11:14 AM EDT

Shares of RF Micro Devices Inc. (Nasdaq: RFMD) moved higher on Monday after Charter Equity upgraded the stock to from Buy to Strong Buy.

Analyst Edward Snyder predicts a 70% to 160% increase in content in the iPhone 5s. Content will likely be up 70% with the addition of PAD, and 160% if it holds onto antenna tuner slot, he said.

Mascot. Is this relevant to IQE ?

The latest issue of SHARES is very bullish on IQE. They have a target of 65.

chessplayer in response to your query on mascot's post, as I understand it IQE supply RFMD with some products?...

IQE (IQE:AIM) BUY
Current price: 22.8p
Price target: 65.0p
Broker: Canaccord Genuity
Implied upside: 185.1%

Epi-wafer designer IQE (IQE:AIM) is primed to milk a cashflow burst as capital expenditure slides and revenues crank up. Its compound gallium arsenide (GaAs) and gallium nitrate (GaN) technology has started on a long-run rapid revenue, profits and cashflow trend that promises to catapult the shares higher. The stock has slumped 38% since February on a perceived threat from US rival Qualcomm (QCOM:NDQ), which has developed a silicon-based radio frequency (RF) rival technology.

But Qualcomm’s products look like low-end, off-the-shelf stuff with limited hope of volume growth for at least a couple of years. IQE works at the high-specification end of many of tomorrow’s technologies (RF, solar, wireless, LEDs, for example), and as such, its long-run growth potential looks undiminished. Analysts at Canaccord Genuity, for example, see capital expenditure levelling out at around £10 million a year in the long-term, hiking cash generation massively as revenues crank up.

By 2015 the broker is anticipating sales of over £176 million and earnings before interest, tax, depreciation, amortisation (ebitda) jumping 16% to £42.7 million, delivering free cashflow (FCF) of £24 million. That implies an enterprise value (EV) to FCF yield of 15.6%, by which time dividends, currently not factored in, could be lining shareholders’ pockets. By 2015 the current prospective EV/ebitda multiple will have fallen from 6.8 to just 4.2, against a typical historic low teens ratio.

Or put another way, Canaccord’s 65p price target would imply a market value of £420 million and an EV/ebitda multiple of 10.8, still low by past standards but pointing the way towards a near tripling of the shares.

sp down to 20.38 (5%) today.

Large profits have been made by some in recent weeks buying and selling IQE regularly with MMs manipulating the SP to extremes. Why and how can a share drop 5% if you just consider posts 448 and 450. Sit on you hands is my position.

It certainly looks like there is some manipulation of the share going on.

We can't be far off the mark if we blame the bankers.

Well Blackrock Who have a long holding in here also has a penchant for shorting them, so they make money when the s/p rises and also when they short them..

The annoying thing for me is that the trades shown suggest, on the whole, that the price should be on the up and not down!

Holding to moving higher today, strange on a very weak market, maybe is signaling a change of direction.

20, a ludicrously low price , certainly ought to be the base for a recovery.

there was an investor ( El1te ) with some interesting reasearch a couple days ago


IQE - Entering a Transition Phase

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IQE - Entering a Transition Phase

The market is 150 down at the moment, so being up a touch is not too bad.

Current Short positions on IQE

BlackRock Advisors (UK) Limited 0.60%
BlackRock Institutional Trust Company, N.A 1.00%
BlackRock Investment Management (UK) Limited 0.80%
Total 2.40%

hxxp://www.fca.org.uk/static/documents/short-positions-daily-update.xls

amount of shorting shares, just over 22M