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

perhaps hidden stake building.

I have doubled my holding here as I have also been thinking recently that this has been oversold (shorted) and the p/e for 2015 on this price is less than 4. Crazy.
It would be a shame to see IQE get swallowed up by a US co after all their efforts. The acquisitions are bedding in well, the mkts they have chosen are booming, a takeover at 500m would Value mean a sp of around 70p, I think it would now go for 250-300m about twice it's current sp unless on results the sp starts taking off again. Will they leav it that late to make a bid?

Perhaps there are some major shorters playing with IQE?

Why would they do that when the upward prospects have been so well flagged ? Still, that is probably what is going on methinks .

Disclosed positions in IQE PLC


Tip: Click a number in the % short column to see history for that position.

Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero.

Fund manager

% short

Change

Date changed/created

BlackRock Advisors (UK) Limited

0.57%

↓ -0.13%

2013-10-16

BlackRock Institutional Trust Company, N.A

1.20%

↑ 0.10%

2014-02-05

BlackRock Investment Management (UK) Limited

2.29%

↑ 0.12%

2014-02-07

Ennismore Fund Management Limited

1.04%

↑ 0.07%

2013-10-30

Total

5.10%

I wonder what their tgt to close these positions are, it must be getting close with results that could surprise or a takeover

On a PE just above 10

the last trading update, clearly stated a better year ahead but share price is not reflecting those figures:-

"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.

it is indeed very odd indeed
there is an old adage that the market is always right, but one does wonder with this one

their results are due on 26th march, so just perhaps we'll all have a very pleasant surprise

The expression " snake bitten" comes to mind. Quite a poisonous one too !

Looking through past posts over the years, seems this share has never been a positive buy. wait in the wings share and see what happens me thinks.,.

Final Results 26th March.

Up at last, but any reason as to why now ?

Maybe a mention somewhere?

IQE announce new key enabling technologies partnership initiative

One of Wales' leading hi-tech businesses, IQE, is looking to develop new technologies in partnership with Welsh businesses and academic institutions.

The Cardiff headquartered advanced semiconductor wafer products and services firm has launched its open innovation programme “openiqe,” aimed at establishing partnerships to support the development of a broad range of key enabling technologies.

The first project under the new programme is the IQE Open Technology Challenge, which will be marked by a launch event at the Swalec Stadium in Cardiff on March 21.

The aim of the challenge is to engage with SMEs and larger businesses and academic institutes, initially focusing primarily in Wales to develop new and enhance existing supply chains.

Finally comes to life with lots of volume again, everything is turning

it would be nice if that turns out to be the case, though i have only bought in within the last month or so

Another good day and now is the third on a row 23.625p +1.125p
building up to results 26th

Certainly on the up in the last few days. I notice it has gone through that red line on the chart above. Can't be bad !

Finally!

And the green one too ! Only black to go. Place your bets now !