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

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

The recovery looks to be under way at last.High time

Coiled spring with shorts needing to close their positions. Major collaborators announcing record results. Looks very good

Yup, all looking good, but still expecting to see red sometime this afternoon...

hardly the greatest performance over the last 24/36 months, but this latest surge through 25/50 and 200 dma is certainly well worth noting

IQE plc : Trading Update

Trading in H2 2013 is expected to show sequential growth, despite weak guidance for Q4 2013 and Q1 2014 from a number of IQE's wireless customers, and a significantly strengthening sterling/dollar exchange rate.

As a result, revenue for full year 2013 is expected to be at least £126.0m (2012: £88.0m), representing a new record and an increase of over 43% compared with the prior year. Strong sales growth and improved operational efficiencies are expected to deliver a record EBITDA of at least £24.5m (2012: £16.4m). Adjusted fully diluted EPS is therefore expected to be approximately 2p (2012: 1.51p), an increase of over 32% compared with 2012.

The Group's high conversion of operating profit into cash is expected to reduce net debt to below £35.0m at year end (June 2013: £37.7m), even after the payment of approximately £14.0m during 2013 in deferred consideration relating to prior acquisitions. The amount of deferred consideration payable in 2014 is expected to reduce from this level.

Towards the end of 2013, in addition to successfully renewing its existing contractual relationships with key wireless customers, IQE also extended its contractual share of future business. As anticipated, the group continues to diversify its business across non-wireless applications.

In particular, the Group demonstrated:

strong progress in photonics (VCSELs) through a major contractual agreement with Philips, announced in October 2013;
continuing qualifications and technical progress on CPV, where a powerful supply chain has been established and is being fully qualified;
continued growth in infrared products; and
excellent progress on power and LED materials employing gallium nitride (GaN) on Silicon (Si) technology.
In addition, since year-end IQE's powerful position in GaN on Si has been further endorsed by its inclusion in a significant US energy initiative announced on 15 January 2014 by US President Obama.

The Board remains confident that the Group can continue to deliver increased free cash flow over the coming year and beyond, as the business continues to diversify, and cost synergies from recent acquisitions are realised.

Espirito Santo Execution Noble Buy 27.75 26.00 - 35.00 Retains

N+1 Singer Buy 28.63 35.00 35.00 Retains

Finncap Buy 28.63 40.00 40.00 Retains

Not this time Harry, no negative slants or caution in that statement. Expect 30p very soon and a more stable sp going fwd

IQE: Buy: 200 Day Moving Average Break Points To 32p Retest

Although IQE appeared to be a solid bull prospect going into last year, and for the bulk of the start of 2013, it can be seen from the daily chart that things went pear sharped in February in quite a spectacular way. This breakdown came in the form of an unfilled gap to the downside through the 50 day moving average, followed by a dead cat bounce which could only bull trap temporarily back above the 200 day moving average then around the 29p level. 

Indeed, the tell-tale sign of bearishness was the way that during March we were only served up a partial fill of the initial 2013 gap to the downside – something which predicted the second leg to the downside through 18p by the beginning of July. 

In fact since that point the recovery came in via an as yet unfilled gap to the upside through the 50 day moving average – yet again. The position now is that we would expect to see a partial or even full retest of the best levels of last year through 32p on the basis that since the beginning of December there has been a W shaped reversal breaking the 200 day moving average to start this week.

On this basis while there is no end of day close back below the 200 day line at 25p (Tom W tells me unlikely after a bullish trading statement today) we could see a swift spike for shares of IQE during  the rest of January / February.

here's something much simpler ...... make of it what you will .....

Robstuff - I was right, it just took an extra day to turn red.

Bullish statement, broker buy rec and not a negative on the horizon. What does the share price do? Yup, back into the red we go.

Ok, dont know about charts however listened to what both of you are saying and topped up again today .... small house invested in this now and hoping the roof doesn't cave in ..... sitting back more relaxed and waiting for the 32p level to be reached.

I like the Username! :-)

Lloyds made me redundant x2 months before I was going to semi-retire ..... would have took me another at least 3 years to earn what they gave me to go .... lucky eh .... hence, redundant and happy!! ... even happier if IQE go over 30p as that will be this years holidays paid for