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

Not surprised. The falls here have been ludicrously overdone.

Further rise on some good press this morning

"IQE, a maker of so-called “semiconductor wafers” used in wireless electronics, was lifted 2¼p to 14¾p - an 18pc surge - by director share purchases, which are usually taken as a sign of confidence. The chief executive, finance chief and chief operating officer have between them bought 3.3m shares at 12¾p apiece."

Http://www.telegraph.co.uk/finance/markets/marketreport/11162946/Market-report-Investor-pessimism-over-economy-rises.html


"Microchip shares, clobbered over the previous couple of days by a sales warning from a US peer, rallied after Skyworks Solutions, another American chip supplier, lifted quarterly forecasts. ARM Holdings recovered 31p to 853p, while IQE picked itself up from its lowest since 2009, jumping 18 per cent to 14¾p after directors bought shares."

Http://www.thetimes.co.uk/tto/business/markets/article4236829.ece

From Motley Fool. - last week

Vote of confidence

IQE shares have jumped following the news that three of the company's executives had all acquired large blocks of the company's shares on Monday. In particular, IQE's Chief Executive Officer brought 180,000 shares, the Financial Director brought 750,000 shares and the Executive Director brought 750,000 shares. At an average price of 12.75p these purchases amounted to a total of £214,200, an impressive vote of confidence in IQE's future.

But these purchases come after a troubled year for IQE. The company's shares have fallen by more than 40% year to date and are currently trading only just above the 52-week low of 12.50p reached last week.
However, it seems as if IQE's directors know exactly what they're doing. While the group recently reported first-half results that came in below expectations, IQE's outlook remains unchanged.

Specifically, for the first half IQE reported a pretax loss of £2.3m, compared to profit of £2.5m the previous year. This loss included £4.8m of non-cash exceptionals and £3.1m of restructuring costs. On an adjusted basis, after removing restructuring costs, the group's pre-tax profit rose by 11% during the period to £5.6m, from £5.1m as reported last year. Adjusted earnings per share increased to 0.86p, from 0.79p.

What's more, on an adjusted basis, excluding restructuring costs, City analysts expect IQE to report earnings per share of 2.22p this year, which means the company is currently trading at a forward P/E of 6.3. The City has earnings per share growth of 14% pencilled in for next year.

IQE plc : $1.1m Contract Win for Infrared Division

IQE plc

Cardiff, UK. 30 October 2014: IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced semiconductor wafer products and services, has agreed a long term supply contract for its world leading infrared materials with a leading global semiconductor manufacturer.

The new order, which is worth approximately $1.1m over the next twelve months, represents the largest single purchase order for indium antimonide (InSb) products manufactured by IQE Infrared's UK substrate manufacturing business unit.

Further details of the specific customer, product and application cannot be disclosed at this time due to confidentiality designed to protect the customer's IP and retain its competitive advantage. However, InSb is the material of choice for a wide range of sensing devices employed in a growing number of consumer, defence, security, medical and industrial applications.

IQE Infrared is uniquely positioned as a global market leader in the supplier of InSb materials to the semiconductor industry, with IQE's US (Galaxy) and UK (Wafer Technology) operations offering the World's largest antimonide wafer production capacity in the industry, using multiple production tools (crystal growth pullers) providing customers with a completely secure, dual sourced supply of InSb wafers.

Dr Drew Nelson, CEO of IQE plc, commented:

"This is a significant new order for our world leading InSb products from a significant industry player with whom we have enjoyed a long relationship. The scale of the commitment is a result of IQE Infrared's industry reputation for offering a high quality, volume manufacturing capability for InSb materials.

Our investment in state-of-the-art crystal growth, wafer production and polishing capabilities enables us to fully meet the growing antimonide product demands of our customers, both in terms of volume and quality, across a full 2"-6" product range."

Yesterday's contract win has given the stock a new push of live after a couple days of going side ways

good volume today with over 5M shares traded

0.75p is scarcely a surge is it!

IQE's Wafer Technology substrate division wins new $3.25M order

IQE will issue a trading update for the full year ended 31 December 2014, on Tuesday, 20 January 2015.

IQE's wireless business unit renews contract with major tier 1 customer

Cardiff, UK, 19 January 2015 - IQE plc (AIM: IQE; "IQE", the "Group") the leading manufacturer of advanced semiconductor wafer products to the global semiconductor industry, announces that it has concluded successfully the renegotiation of a long-term supply contract with an existing tier 1 customer for the supply of wafer products used in wireless applications.

The new supply contract guarantees IQE at least 75% of the customer's demand for epiwafers that are produced using its metal organic chemical vapor deposition (MOCVD) platform. It will also see an expansion in terms of additional products from its molecular beam epitaxy (MBE) platforms. This contract renewel underlines the strength of the long-term customer relationship that IQE has developed.

Supply against the new contract will be fulfilled by IQE's Wireless Business Unit from its North American facilities in Massachusetts and Pennsylvania, as well as its manufacturing site in Taiwan.

The contract, worth an estimated US$50million plus, covers epiwafer products for radio frequency (RF) applications including power amplifiers (PAs), low noise amplifiers (LNAs) and switches used in smartphones, tablets, PCs and other connected devices.

more....

Pre-Close Trading Update

Canaccord Genuity Buy 21.63 35.00 35.00 Reiterates

N+1 Singer Buy 21.63 25.00 25.00 Retains

Notice of year end results

Cardiff, UK - 24 February 2015: IQE plc (AIM: IQE), the leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, will publish its results for the year ended 31 December 2014, on Tuesday, 24 March 2015.

Looking good.

Full Year Results


IQE reports solid results and positive outlook

IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced wafer products and wafer services to the semiconductor industry, announces its final results for the year ended 31 December 2014.

Financial highlights

Revenue of £112m in line with expectations, reflecting H2 revenues of £60m up 15% from H1
Adjusted* operating profit up 21% from £14.6m to £17.6m (reported operating profit £7.2m)
Adjusted* operating profit margin up 420bp from 11.5% to 15.7% (reported margin 6.4%)
Cash inflow from operations (before exceptional items) up 21% from £16.2m to £19.6m (reported £14.9m)
Adjusted* fully diluted EPS up 21% to 2.42p (reported FD EPS 0.24p)
Net debt down by £3.2m (9%) from £34.4m to £31.3m
Deferred consideration down £15.0m (42%) to £20.6m
* Adjustment to operating profit and EPS reflect non-cash charges and exceptional items as detailed in note 4


Operational highlights

Utilisation of global manufacturing facilities continues to improve - further capacity also being unlocked through higher equipment productivity
Wireless outlook robust, driven by adoption of 4G LTE for mobile devices and the continuing growth in mobile data
Customer and supplier capacity expansion programmes reflect continued confidence within the industry
Compound Semiconductor solutions continue to dominate power amplifier (PA) production
Photonics revenues grew 23% organically year on year in constant currency
Rapid adoption of VCSEL technology by Tier 1 customers helps drive 30% increase in lasers and sensors
Solid data infrastructure demand, and consumer product design-ins continue to grow
Infrared division winning significant orders, revenues up 13% year on year
Advanced Solar has commenced pilot production for field deployment, which we expect to ramp into full production through 2015/16
Gallium Nitride making strong technical progress in both RF for LTE base station deployment and in power for energy efficient switching
Significant supply agreement with MACOM Solutions

Canaccord Genuity Buy 22.38 35.00 35.00 Reiterates

IQE and Cardiff University establish a Joint Venture

Despite the above chart (which is wrong) 12 month high today @24.25p.

Trading update and Notice of Results

Expected H1 Financial Results

Revenues of £53.2m, up 2% (H1 2014: £52.0m)
Adjusted operating profit of £6.7m, up 5% (H1 2014: £6.4m)
Adjusted fully diluted EPS of 0.9p, up 5% (H1 2014: 0.86p)
Deferred consideration of £18.1m, down 42% (30 June 2014: £31.4m)
Net debt expected to be £31.1m, down 12% (30 June 2014: £35.5)
First half trading is ahead of the same period last year delivering growth in EPS and a further reduction in borrowings. The Group has performed in line with expectations and remains on track to achieve its full year expectations.

Good volume and a bullish engulfing candle!

Solid performance delivers growth in revenues, profits and cash flow


FINANCIAL HIGHLIGHTS

Solid financial performance in line with expectations and July trading update
2% revenue growth translated into 5% EPS growth
13% Increase in operating cash generation delivered further reduction in net debt, down 12%
Deferred consideration down 19% representing organic funding of previous acquisitions

OPERATIONAL HIGHLIGHTS

Increasing revenue diversity, with non-wireless revenues accounting for 24% of Group sales (H1 2014: 21%)
Photonics revenues up 28% y-o-y to £7.4m
Acquisition of exclusive license and option agreement with Translucent for 'cREO(TM)' technology announced separately today
Initial deployment of advanced solar wafers (CPV) for pilot systems
Stable wireless market, although some movement of expected Q2 sales into Q3 due to customer specific issue (non-epi)
Continued progress in new product development, notably in GaN technology for RF and power applications
Announced Joint Venture with Cardiff University to accelerate product development