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

Fund % short change Date changed
Coltrane Asset Management, L.P. 0.91% 0.19% 19 Sep 2017
Ennismore Fund Management Limited 1.54% 0.11% 18 Aug 2017
Marshall Wace LLP 2.71% 0.08% 19 Sep 2017
Total 5.16%
Shorters are back in town now up to 5.18%

Shorters running rampant

page 58 i mentioned shorters. trick now where to buy back in, 90p ? bb

I have sold and taken profit (entry price 86p) so am not complaining, though kicking myself for not selling at 140p!
Now that the original reason for the hype has died down I agree that the sp is likely to fall. 90p would be interesting, though a positive RNS from IQE would change all that.

Possible supports for a bounce' exactly where it lies at 120p, if that fails 110p. Failing that shorters may take it back down to close a wee gap at 85p (ish). Watching for now.

I.C. recommended selling at 150 a couple of weeks back, and happily ,( for once !) I took their advice.

Chris that could be a good shout 85p the way its going

sp bounced at 110 as i thought might be the case, so bought some more though a bit late at 114

Posted elsewhere by 'grabster' today - regarding Philips/IQE:

European Consortium Completes VCSEL Project
Wednesday 27th September 2017

Philips Photonics reaches production milestone of 700 Million VCSELs, projecting another doubling of capacity by early 2018


Philips Photonics, a maker of VCSELs, has announced the successful completion of its ‘VIDaP’ project (VCSEL Pilot Line for Illumination, Datacom and Power Applications), a €23 million project jointly sponsored by the German Federal Ministry of Education and Research (BMBF) and the EU, and executed under the umbrella of the European ECSEL program.

Since its inception in 2014, the project has focused on making significant advancements in highly automated manufacturing, bringing VCSEL production to the same level of maturity as the LED industry. Philips Photonics led the project. Other partners were IQE Ltd, STMicroelectronics, Sidel, SICK AG, Mellanox Technologies Ltd, and the Technical University of Eindhoven.


Global revenues for the VCSEL market currently stand at several hundred million, and are expected to swell to above $1billion in 2022.

https://compoundsemiconductor.net/article/102626/European_consortium_completes_VCSEL_project

IQE
took advantage of the plunge to buy some to trade, though i got in a bit too early

Slow burner but chart looks promising.

A close above 50DMA would be encouraging skinners.

Response to the company's recent US roadshow - 'BUY' with a price target of 180p:

https://stifel2.bluematrix.com/sellside/EmailDocViewer?encrypt=c57e8e6b-ca9f-4f8a-a59d-6f8622943b9e&mime=PDF&co=Stifel&id=chriswhite@premierfunds.co.uk&source=mail

StockMarketWire.com
IQE - has announced the settlement of prior years' tax liabilities.

The group said it recently engaged the services of an international tax firm to assist with a routine US tax filing for the year ended 2016.

'Unexpectedly, this exercise identified taxes due in the US relating to the profits of an overseas subsidiary for the years ending 2013, 2014, 2015 and 2016, which followed the acquisition of the epitaxy business of Kopin in January 2013.

It said: 'This firm has estimated the tax due as approx. £4.2m, and is in the process of calculating the actual amount, which may take up to 4 weeks.

'IQE immediately initiated the payment of the estimated amount to the relevant tax authority, and will adjust any over/under payment in due course.

'On the advice of this firm, IQE has also accrued interest due of up to £0.4m.

'As a result of a Group re-organisation initiated in September 2016, but unrelated directly to this previously advised tax treatment, it is believed that no similar tax liability arises in 2017.'

IQE said it had historically used a local independent firm of tax advisers for routine corporate tax filings, supplemented with the advice of larger firms of independent tax advisors for tax strategy, planning, and transactional work.

It said: 'The original tax structuring of the acquisition of the Kopin epitaxy business was done in accordance with advice of a large mid-tier US legal and tax firm working in conjunction with IQE's local independent tax adviser.

'IQE used the same local independent firm to complete the routine tax returns for 2013 to 2015, and supplemented this for 2016 with the international tax firm to bring expertise around the aforementioned restructuring.

'The same international tax firm has supported IQE with its transfer pricing compliance for the last four years, and in other ad hoc areas as necessary.'

IQE said it was clearly extremely disappointed with the previous professional advice received and would be pursuing full recompense as a matter of priority with the previous advisers.

It added: 'The tax paid was previously unaccrued, and hence this will result in a prior year adjustment to the comparative figures in the next annual report.

'There is no impact, or additional tax payable, on the expected trading results for 2017.

'Whilst there are no indications of any further potential omissions, the Board yesterday approved the use of an international independent tax firm to undertake a complete IQE group tax review.'

The group said it had enjoyed a strong Q3 with continuing growth driven largely by the ongoing strong VCSEL ramp in support of a highly significant mass market consumer application, and the new Foundry expansion remains on course to open in H1 2018.

It said that as a result, the board remained confident the group was on track to deliver full year expectations, including that of net debt.

Unfortunate, but no real damage. Prospects still look excellent.

Looking good.

IQE has been a cracker for those who have already been holding even if only for the last 6 months
my records show that i bought in feb/march '17 at an average of 51.2p, so though sp has dropped back from about 150, the gain at 139 is hardly to be sneezed at

I bought these at prices between Sep 2013 @28.19 and March 2014 @25.37.

I sold in August @112 and only hold them by S/B now.