From £6.99 per month
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

£30m bailout at 20p for IQE after catastrophic results and a warning: its shagging all the sheep yet again

By Tom Winnifrith | Thursday 18 May 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.

Last night, after hours, Cardiff chip maker IQE (IQE) published its results for calendar 2022 and a warning about how dismal trading has been since. With its borrowings ballooning it also announced a placing at just 20p which has completed today raising £30 million. Warned of the dire consequence of the funding failing – and assuming that there will be few takers for a £3 million Rex retail offer – misguided existing backers such as Lombard Odier scurried to more than stand their corner. You cannot say that I have not warned you often enough. Those who ignored my numerous warnings, the sheep, have yet again been shagged by the Welsh. 
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Time left: 08:10:10