This stock seems to be taking off. Although it doesn't pay a dividend it has a great "moat". It is a world leader in several areas such as photoelectronics and wafer manufacture. Links to several helpful reviews have been posted on the LSE discussion board under IQE.
I am long in this share.
Recent post page 4 LSE discussion board for IQE
"Investor interest is growing - the CFO has recently been presenting in the USA and says that many analysts have been very interested in hearing what IQE have to say. Interestingly the American analysts appear to understand the proposition better than their UK andEuropean counterparts, but also in the UK there has been a recent clamour to meet and discuss the company. I have long held the notion that the recent SP growth has been driven in large part by US investors, that would appear to be a situation that's growing, certainly IQE is going from a proposition that was uninteresting to a situation where IQE are literally inundated with interest from the analyst and investment communities :-)
I asked about utilisation rates which were quoted as being 50% last year and also the ability to respond to surges in demand. As expected no direct answer was given to utilisation other than its obvious the rate has gone up significantly :-) , Interestingly in response to Hammerd's question it only takes 9 months from reactor install to it being fully productive.last years CAPEX increase was to supply to the demand they knew was coming folks, I expect that R+D and CAPEX will have to increase to supply the demand- which is great. There are no plans for acquisitions, but of course no- one should ever say never, just in case an opportunity arises, but none is imminent.
Lots can be gleaned from body language, All The board were present, it's blindingly obvious unless they are the best actors in the world ( and why would they) that things are going extremely well.
The point was made that the political shenanigans and Brexit have no impact on investment in the CS cluster . Simon Gibson made the point that the influential MIT publicly state that the Compound Semiconductor industry led by IQE is WORLD CLASS compare to its completion :-)
Links from LSE pages…
Simon is an extremely likeable and charismatic character and I admire greatly what he has achieved in terms of bringing high tech work to South Wales.
In my direct experience he is very positive and very enthusiastic as I'm sure he wants things to succeed for all parties involved.
However in the past he has got a little ahead of himself in terms of a company's prospects having taken Ubiquity Software Corporation from a small research based software house into the industry leader in SIP Application Servers. Sadly whilst we were the market leaders there was no real market and things never quite panned out as planned.
I really really hope that there is a really positive outcome in this situation as there is no doubting his application.
Best of luck
Phil
(No position)
