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

Canaccord, Buy 65p note, as expected.

long way to go mm's keeping the lid on the sp?

24 Jul 2013 IQE PLC IQE Espirito Santo Execution Noble Buy 27.88 25.75 55.00 55.00 Retains

TARGET SP 55p.

Espirito Santo have a 55p target price and reiterate their Buy rec:

hxxp://www.dailypolitical.com/finance/stock-market/iqes-buy-rating-reaffirmed-at-espirito-santo-investment-bank-research-iqe.htm

"IQE’s Buy Rating Reaffirmed at Espirito Santo Investment Bank Research (IQE)
July 24th, 2013 - 0 comments - Filed Under - by Latisha Jones

IQE (LON:IQE)‘s stock had its “buy” rating restated by equities researchers at Espirito Santo Investment Bank Research in a research report issued on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 55 ($0.84) price target on the stock. Espirito Santo Investment Bank Research’s price objective suggests a potential upside of 105.15% from the company’s current price.

A number of other analysts have also recently weighed in on IQE. Analysts at Liberum Capital reiterated a “buy” rating on shares of IQE in a research note to investors on Monday, July 15th. They now have a GBX 40 ($0.61) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of IQE in a research note to investors on Tuesday, July 9th. They now have a GBX 45 ($0.69) price target on the stock. Finally, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of IQE in a research note to investors on Tuesday, July 9th. They now have a GBX 45 ($0.69) price target on the stock.

One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 45.83 ($0.70)."

Steven Frazer‏@SharesMagSteve3m

Epiwafer #IQE beating exp H1, wireless getting 4G boost http://www.digitallook.com/news/rns/21046928-50146/NMX9570-IQE_plc_H1_trading_update_html … Key acqs making a big difference, SP +6%

24 Jul 2013 IQE PLC IQE Canaccord Genuity Buy 27.13 25.75 65.00 65.00 Reiterates

SP TARGET 65p

Profit taking has slowed so it should be onwards and upwards

Think it's blackrock rejigging, should rise from here

A bit of a disappointing performance so far today considering such a strong trading report.

IQE ahead of market forecasts

24th July 2013, 07:48

IQE - a leading global supplier of advanced semiconductor wafer products - expects first-half performance to be ahead of market forecasts.

The board expects first-half revenues approaching £63m, EBITDA in excess of £10m and net debt below £39m.

This represents revenue growth of over 80%, and EBITDA growth of over 150% compared with the first half of 2012.

Sales growth was primarily driven by the wireless division, which included contributions from the RFMD and Kopin acquisitions.

The volume warrants far more of a rise than we have got but I reckon we will carry on rising towards the weekend and beyond.

Very little downside now though on run up to formal results and Blackrock have got to unwind their short position hedge I would think as the future is a lot clearer. Expect an rns or two for holdings in nxt couple of weeks.

wait for financial comment in the media tomorrow, that should drive the sp much higher.

Quite right. That should do the trick.

Yep, should be some interesting Reports as analysts realize how undervalued the sp is and the rate of growth factoring in acquisitions. Daily Mail should update and that can really make a difference. Today's price disappointing for sure but irrelevant when it becomes clear what the fundamentals are and I would think a gradual rise to the formal accounts in sept. There must be plenty of fund Mgrs doing the number crunching right now.

Finished down on the day. I can't figure that one out !

Any ideas as to what the problem is ? Common sense says the price should be rocketing on the news.

Cheaper than chips, opportunity to top up.

Well, doubled my holding in that moment of madness, think it may have been Blackrock finalizing some dealing to take adv of the next step up (who says sp's cant be manipulated lol

Well, for whatever reason , there appears to be more selling than buying. Hang in there though as things should turn around. Let's hope sooner than later!