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

May be my share for 2014

Which one are you referring to ?

Iqe, Big recovery in 2014 - most overlooked growth stock. Tips for nxt yr will feature this co for sure

Yes, it does seem as though we are waiting for yet more evidence before the message hits home. There are no doubt shorters at work at the moment.

Bought more this morning, and I'm going to sit through 2014 and watch as I get richer and richer aaarrrggghhhhh

BR will w ant to close their short soon, triggering a big move upward. Risky to leave it to TU in January

I wish I shared your optimism.

Will it go for double bottom 18p?

TA is Negative at the moment
50 days MA is heading for a crossing down 200 days

Support at 20p and 18p.

Looks like sell volume is bigger today than buy volume cant tell really with the AT trades sometimes being on the wrong side as displayed by money am.

Watching carefully for an entry point.

The joke in all of this, if that is the correct word, while the stock continues to fall, practically everyone rates it as a strong buy !

Today might just be that turning point.

Strong Buy, have bought some more this morning as feel it's hit bottom, good trading share as the product and their market is misunderstood by most (PIs easily spooked) with a long term core holding target of 45 next yr.

Huge Apple deal with China Mobile sees IQE rise : RF Micro Devices Inc. (NASDAQ: RFMD) was trading up about 3.4% in Monday's premarket after closing at $4.95 on Friday, in a 52-week range of $4.27 to $6.20. Sterne Agee's price target on the stock is $7.00, for an upside potential of about 41%. The consensus EPS estimate for the company's 2015 fiscal year is $0.58, and the forward multiple is 8.53.

Share prophets tipped IQE as their no.1 shr for 2014 just out

Topped up, and hoping for a rally with the trading update this month

Anyone know the date ?? ... I can only find January 2014

As far as I know the results and divi statement are on 16th Jan 2014.
If they announce a divi it will be my 10th share paying a divi.

Sorry folks I've given the info for QPP not IQE.
Just getting over Christmas!!

I don't believe a date has been set, but Jan is the month.

Article for share tip of 2014 Shareprophets:

2013 has been a roller coaster ride for Wales based IQE (IQE), the manufacturer and supplier of semiconductor wafers and advanced optoelectronic and photonic components. 2014 will, I believe be far smoother and more rewarding for investors. At 23.5p this is my first tip of the year.

The shares reached 36.5p early in 2013 before falling to 18p at the half way stage of the year, recovering to again exceed 30p in August and then again falling back to trade at a current 23.25p, capitalising the company at £150 million. There are however clear reasons to expect a strong eventual return from these levels…

The shares have fallen back in recent months since interim results in September noted “recent weakness in the global smartphone market, ahead of new product launches”. However, the company also stated then that “our significant progress in strengthening and broadening the wireless business, whilst building a solid platform of technologies which are poised for strong growth in our other target markets, mean we remain confident of achieving market earnings expectations for the full year”. 

Having “completed and successfully integrated two major competitors during the last 18 months” (net debt at 30th June stood at £37.66 million), the company also emphasised that it “is a pre-eminent supplier to all major chip companies… this provides strong risk mitigation against swings in market share between the chip companies”.

After generating 0.82p of earnings per share in the first half of 2013, forecasts are currently for circa 2p for the full-year (adjusted pre-tax profit of more than £13 million), rising to approaching £17.5 million and 2.5p for 2014.

The debt should thus be comfortably manageable (it should be paid down at an aggressive rate within three years, assuming no new acquisitions) and the company is certainly confident for the longer-term - noting: 

“The demand for greater connectivity, the increasing complexity of wireless communications and the explosion in data traffic continue to drive increasing demand for compound semiconductors… We have built a strong IP portfolio and are primed to exploit the adoption of compound semiconductors in a number of mass market applications.” 

Given such an outlook, the current prospective price/earnings multiple of circa 11.5x, falling to little more than 9x, looks to me to offer an attractive opportunity to the long-term investor. Buy at 23.5p for 2014. 

Cardiff, UK. 16 January 2014: IQE plc (AIM: IQE; "IQE", "the Group"), the leading global supplier of advanced wafer products and wafer services to the semiconductor industry, announces that it is to play a key part in a consortium of high tech businesses and academia in a major Clean Energy Initiative announced yesterday in North Carolina by the U.S. President.

President Obama announced the formation of the Clean Energy Manufacturing Innovation Institute during a visit to North Carolina State University on Wednesday 15th January. The establishment of the institute will be led by North Carolina State University and industry partners include ABB, APEI, Avogy, Cree, Delphi, Delta Products, DfR Solutions, Gridbridge, Hesse Mechantronics, II-VI, IQE, John Deere, Monolith Semiconductor, RF Micro Devices, Toshiba International, Transphorm, USCi, and Vacon.

The formation of the Institute is part of the U.S. Government's National Network for Manufacturing Innovation Initiatives (NNMI) announced by The White House in February 2013 to bolster the competitiveness of U.S. manufacturing.

IQE has been selected as supplier of epitaxial materials to the consortium for the development of a 150mm GaN-on-Si power electronics capability for high voltage (600V to 1200V) applications, an award which is worth up to $4M over the next five years. GaN-on-Silicon is a key materials technology not only for highly efficient power semiconductors with applications ranging from everyday power supplies for consumer electronics to industrial motor controls and hybrid-electric vehicles, but also for RF applications in next generation base station and small cell RF communication networks, as well as highly cost efficient LEDs, high speed rail and other power efficient applications.

Gallium nitride has been a key materials technology initiative for IQE over the last few years, building on the acquisition of NanoGaN in 2010, Kopin Wireless in 2013, and the successful development and deployment of GaN on SiC technology for high power RF applications, culminating in the launch of the world's first 150mm GaN-on-SiC wafer products in 2013.

Commenting on the announcement, IQE CEO and President, Dr. Drew Nelson said:

"Yesterday's announcement is a great endorsement of IQE's recognition as a global leader in advanced semiconductor products and highlights the importance of materials such as gallium nitride (GaN) as a key enabling technology for the future