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IQE – another shocking warning, more ouzo justified in North Wales, but its cabbage water time in South Wales

By Tom Winnifrith, the Sheriff of AIM | Thursday 9 March 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

For years supporters of IQE (IQE) such as thirsty Paul Scott and our own Malcolm Stacey argued that it was a tech play and this justified fancy doo-dah valuations. I argued that it was simply a manufacturer operating in a cyclical commodity space and a not very good one at that. Today comes another dire lack of profits warning which will be enough to turn the bulls to drink and is a good reason for this sober bear to enjoy a small ouzo tonight.
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So farewell then

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