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

Bought some more when it dipped earlier.

Latest Broker Recommendations.....



Date

Company Name

Broker

Rec.

Price

Old target price

New target price

Notes




10 Jul 13

IQE PLC

Espirito Santo Execution Noble

Buy

24.75

55.00

55.00

Retains



09 Jul 13

IQE PLC

N+1 Singer

Buy

24.75

45.00

45.00

Retains



08 Jul 13

IQE PLC

Canaccord Genuity

Buy

24.75

65.00

65.00

Reiterates



12 Apr 13

IQE PLC

N+1 Singer

Buy

24.75

45.00

45.00

Retains



08 Apr 13

IQE PLC

Investec

Hold

24.75

25.00

25.00

Upgrades



22 Mar 13

IQE PLC

Liberum Capital

Buy

24.75

40.00

40.00

Reiterates

oooooooops sorrry cant get them on the horizontal.

Why the stock plummeted is totally beyond me, thank God that common sense is returning. The price should certainly at least double from here.

Thats why I bought in.

These days I trade the stock not the company and saw these at 18p and thought what the heck is going on here.

I look for market discrepancies and this stood out like a sore thumb.

Obviously this competitor that makes wafers was the main reason but a fall to 18p and they make a far inferior product.

Ohhhh I couldnt wait to get stuck in beleive me.

30p next resistance when we glide through 25p.

Just a touch up now needed to beat the 25p resistance point.

"A glimpse of what's to come" is what CEO stated in the finals, where H2 Ebitda was up 56%. if this pace continues into 2013 as I believe, the T/U of first half should be very interesting and good for the sp.

15 Jul 2013 IQE PLC IQE Liberum Capital Buy 25.38 24.75 40.00 40.00 Reiterates

SP TARGET 40p.

SP falling back on a slow day.

A pullback today nothing to worry about.

taking breath, ridiculously cheap still at this price. loads of odd little trades today, computer generated? i dont know.

Cheap as chips, or in this case, wafers!

now it has consolidated around 24p, break the 25p again and we are ready for next step up 30p before trading update next wednesday - then upwards to 45p DYOR this is my opinion...

although Chart says it all now we have maintained above the 24.375, a definite breakout that ends the downtrend

25p is tough rob but we will do it bud.

Push push push, altogether now PUSH.

Big turning point for IQE potentially this week as Trading update should confirm growth accelerating, the impact of the US competitor negligible and an upbeat forecast for the yr. Dyor

Here here.

Shorters hopefully will be closing.

Here Here - and "closing" the door behind them.

A real pick up in volume this morning, this is getting ready to go ballistic

A 2 page article on IQE in this week's I.C. which suggests that the market has got this one completely wrong, re-iterating a buy recommendation.


Several readers have been asking me about the specific reporting requirements of the board of directors when it comes to alerting the market of a change in a company's profit guidance. It's a subject well worth covering right now because the sell-off this year in the shares of a company I have previously recommended, IQE (IQE: 20.75p), a global supplier of advanced wafer products to the semiconductor industry, has been so severe that the current price implies that there will be a significant miss in the forthcoming first half-trading update on Wednesday 24 July.