The definition of a bad company is one that can never generate cash – IQE interims
By Tom Winnifrith | Tuesday 12 September 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.
Another set of results comes out from the sheep shagging chip makers at IQE (IQE) and as usual the numbers are piss poor, more cash has been burned and there is warning about current trading. The shares are just 16.4p, having been 174p just under six years ago when folks like Paul Scott and our own Malcolm Stacey were frothing so excitedly about them as I warned and warned again.
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.