Paid for researcher Edison reckons that diversifying revenue is good for Welsh chip maker IQE (IQE) and has published a bullish report today on that basis with the shares at 20.5p.
Unlike my two other suggestions for tips of the year, shares in the Welsh-based manufacturer and supplier of semiconductor wafers IQE PLC (IQE) currently trade at a disappointing level compared to when I first tipped it it. At a present 20.75p, have I got it wrong?
As a bonus feature the Closet Chartist has served up his six most exciting AIM TA situations of the week. He starts with IQE (IQE) and Staffline Recruitment (STAF).
Paid for researcher Edison has cut back its forecasts for Welsh chip producer IQE (IQE) to reflect “near term headwinds” – that is to say soggy Q4 sales. But it insists that at 23.75p the shares are still cheap.
2013 has been a roller coaster ride for Wales based IQE (IQE), the manufacturer and supplier of semiconductor wafers and advanced optoelectronic and photonic components. 2014 will, I believe be far smoother and more rewarding for investors. At 23.5p this is my first tip of the year.
Commissioned researcher has reduced its forecasts for chip producer IQE (IQE) after the interim results but still argues that the shares are undervalued.
Commissioned researcher Edison has published a bullish and detailed note on IQE (IQE) this morning with the stock at 31p.
Shares in leading global supplier of advanced semiconductor wafers IQE plc (IQE) were marked 4% higher yesterday to 29.75p-30.25p, on the back of an announcement that Solar Junction Corp has, on IQE high-volume, production-qualified wafers, set a new world record of 44.1% cell efficiency (certified by the National Renewable Energy Laboratory) for production scale concentrated photovoltaic wafer technology. This is just the start.
News from the land where no-one shags sheep: Manufacturer and leading global supplier of advanced semiconductor wafers, IQE (IQE) has announced that its material has been qualified for high-volume manufacturing by strategic partner, Solar Junction.
Shares in semiconductor wafer manufacturer and supplier IQE plc (IQE) have offered a volatile ride since I tipped them on my Nifty Fifty website at a 28.5p offer price in December – hitting 36.5p in January and February before falling back, particularly following some (what look misguided) competition concerns to commence the current month at just 18p. However, they have since recovered strongly and have nudged further higher today to 26.75p-27.25p on the back of a bullish update. They are still cheap.
There comes a time for every stock or market when you have to throw in the towel as far as the direction you may have been backing.
On January 10th IQE (IQE), the Wales based supplier of advanced semiconductor wafer products and services IQE announced a $75 million ($60 million on completion and $15 million payable on the third anniversary of completion) acquisition, a £16.5 million placing of new shares with institutional investors at 29p each and a 2012 trading statement. Having tipped the stock at a 28.75p on this very website on November 19th -I am feeling rather smug
I recommended shares in AIM-listed IQE plc (IQE) at 24.75p in February of this year on t1ps.com – the site I founded in 2000 and left in September of this year. Shares in this leading global supplier of advanced wafer products and services to the semiconductor industry (which uses them to make the chips which form the key components of high-technology systems) now trade at 28.75p – so we are already a bit ahead here but could this be a red hot penny share? In the following I take a look at the outlook for the company from here…
