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

Expecting another cracking day tomorrow.

Newspapers should be full of the rise today.

Moving up faster than i can spit.

Ohh what a fantastic run.

25p resistance next target to overcome.

Shorters buying back in a frenzy.

From across the road......

"In case you were not aware, the main reason for the massive increase today (12%) as we speak, is due to an Investors Chronicle on line recommendation from Simon Thompson at midday (with a 40p target!). The article has clearly kickstarted an upward momentum in the price".

Certainly looking positive

It is about time this moved in the right direction, I was beginning to lose patience!

WOW I am showing a profit again - thank you IC

I thought this had totally been overlooked, Proj p/e around 10, has long way to go imo

sp 25p atm, where next perhaps 30p as momentum builds?

I had a hdg here about 8yrs ago and have been watching ever since. I do think now they are in a stage of their businss cycle when it becomes very profitable and the chart indicates the start of an upward trend. I am in again and look fwd to T/U on 24th. Funny as I was considering getting in again, IC release a buy recommendation target 40p. That will do for starters but think this could be a billion pound co within few yrs.

Bought some more when it dipped earlier.

Latest Broker Recommendations.....



Date

Company Name

Broker

Rec.

Price

Old target price

New target price

Notes




10 Jul 13

IQE PLC

Espirito Santo Execution Noble

Buy

24.75

55.00

55.00

Retains



09 Jul 13

IQE PLC

N+1 Singer

Buy

24.75

45.00

45.00

Retains



08 Jul 13

IQE PLC

Canaccord Genuity

Buy

24.75

65.00

65.00

Reiterates



12 Apr 13

IQE PLC

N+1 Singer

Buy

24.75

45.00

45.00

Retains



08 Apr 13

IQE PLC

Investec

Hold

24.75

25.00

25.00

Upgrades



22 Mar 13

IQE PLC

Liberum Capital

Buy

24.75

40.00

40.00

Reiterates

oooooooops sorrry cant get them on the horizontal.

Why the stock plummeted is totally beyond me, thank God that common sense is returning. The price should certainly at least double from here.

Thats why I bought in.

These days I trade the stock not the company and saw these at 18p and thought what the heck is going on here.

I look for market discrepancies and this stood out like a sore thumb.

Obviously this competitor that makes wafers was the main reason but a fall to 18p and they make a far inferior product.

Ohhhh I couldnt wait to get stuck in beleive me.

30p next resistance when we glide through 25p.

Just a touch up now needed to beat the 25p resistance point.

"A glimpse of what's to come" is what CEO stated in the finals, where H2 Ebitda was up 56%. if this pace continues into 2013 as I believe, the T/U of first half should be very interesting and good for the sp.

15 Jul 2013 IQE PLC IQE Liberum Capital Buy 25.38 24.75 40.00 40.00 Reiterates

SP TARGET 40p.

SP falling back on a slow day.

A pullback today nothing to worry about.