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

A P/E of just 8 or so for 2014......................Pathetic.

Way undervalued.

To my way of thinking it can only come from a lack of proper understanding and a failure to appreciate what the company is all about.

Another typically ludicrous situation today as regards this stock. i.e. - practically all the trades are buys, yet the stock is down a touch !

still, a bad day for the market.

oooooooops wrong thread.

Chessplayer - suggest you take a look at my post 482 and reply from "Panto" post 483 on 4 Jul - However, I still do not undersatnd !!

Analyst update

DOWNGRADE sadly. Not the best way to start the week.............

14 Oct 2013 IQE PLC IQE Liberum Capital Hold 30.25 30.25 - 33.00 Downgrades

Even so, H&L give 3 of 4 brokers giving the stock as a strong buy. I can't follow the sell logic.

Ignore Liberum .... only negative among all the positive .... I for one am sticking with them and looking for 35p at least on the next trading statement, and then finals in March.

Trouble is another broker has also put out a negative note today here............

Edison ‏@Edison_Inv_Res7h
#IQE $IQE Solid H1, but short-term headwinds

http://www.edisoninvestmentresearch.com/search/IQE

Taken a right rogering today, nearly 7% down.

City seem to have it in for this stock.

Bewildering given its potential.

Yes, quite right.

Consider this hypothetical possibility. A stock is going nowhere and 4 brokers have it down as a sell. Then, one broker upgrades to a hold and the stock starts to shoot up.

It makes about as much sense as what is happening here !

Crazy.

IQE plc : IQE plc wins major epi-wafer supply contract from Philips

This might be a turning point at last. And about time too !!

Do the Oky Coky

I am back in, lets hope this is the push it needed

A rather familiar story, very good news, but a down day. In spite of big volumes and considerable buying interest.

somebody appears to know something

Whatever it is it can't be very good!

The whole market is stuttering especially FTSE350. Looks like psychological tops are threatening.