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IQE PLC (IQE.L)

IQE.L on London Stock Exchange

70.30GBp
12 Nov 2019
Change (% chg)

-1.30 (-1.82%)
Prev Close
71.60
Open
67.60
Day's High
71.80
Day's Low
67.60
Volume
1,429,475
Avg. Vol
2,359,982
52-wk High
99.84
52-wk Low
41.32

Latest Key Developments (Source: Significant Developments)

IQE Commences Initial VCSEL Production For Second Major Customer
Wednesday, 24 Jul 2019 

July 24 (Reuters) - IQE PLC ::VCSEL PRODUCTION UPDATE.COMMENCEMENT OF INITIAL VCSEL PRODUCTION FOR A SECOND MAJOR CUSTOMER AT NEWPORT MEGA FOUNDRY AND FURTHER POSITIVE QUALIFICATIONS.IQE HAS SIGNED A CONTRACT EXTENSION WITH ONE OF ITS LARGEST VCSEL CUSTOMERS, EXTENDING CURRENT CONTRACT UNTIL END OF 2021.IN ADDITION, TWO OTHER EXISTING CONTRACTS HAVE ALSO BEEN EXTENDED WITH SEVERAL OTHER NEW CONTRACTS IN FINAL NEGOTIATIONS.  Full Article

IQE Sees HY Revenue To Be Between 65 Mln Stg To 68 Mln Stg
Friday, 21 Jun 2019 

June 21 (Reuters) - IQE PLC ::REG-TRADING UPDATE.IQE EXPECTS TO DELIVER REVENUE OF £65M TO £68M FOR FIRST HALF OF FY2019 (CONSENSUS £68M).FIRST HALF OF 2019 HAS BEEN IMPACTED BY A WEAK SMARTPHONE HANDSET MARKET, PARTICULARLY AFFECTING WIRELESS BUSINESS UNIT.HAS ALSO EXPERIENCED A REDUCTION IN INDIUM PHOSPHIDE LASER REVENUES FOR DATACOM MARKET DUE TO A CUSTOMER SPECIFIC ISSUE OUTSIDE OF IQE'S CONTROL.OPERATING IN AN INCREASINGLY CAUTIOUS MARKETPLACE.HAS VERY RECENTLY RECEIVED A REDUCTION IN FORECASTS FROM A NUMBER OF CHIP CUSTOMERS, IN WIRELESS AND ALSO IN PHOTONICS.SEES IMPACT TO ANTICIPATED REVENUES FOR SECOND HALF OF FY2019.NOW EXPECTS TO DELIVER REVENUES IN RANGE OF £140M TO £160M FOR FY2019 AT PREVAILING EXCHANGE RATES.IMPACT TO REVENUE IS A LARGER IMPACT THAN PREVIOUSLY GUIDED RISK RELATED SPECIFICALLY TO HUAWEI.IQE REMAINS CAUTIOUSLY OPTIMISTIC ABOUT GROWTH OPPORTUNITIES FOR 2020."HUAWEI'S ADDITION TO US BUREAU OF INDUSTRY AND SECURITY'S ENTITY LIST IS HAVING FAR-REACHING AND LONG-LASTING IMPACTS ON GLOBAL SUPPLY CHAINS".  Full Article

IQE Says Tim Pullen To Join As CFO On Feb. 4
Monday, 7 Jan 2019 

Jan 7 (Reuters) - IQE PLC ::REG-IQE PLC: CHIEF FINANCIAL OFFICER APPOINTMENT: CONFIRMATION OF START DATE.IQE PLC - CONFIRM THAT TIM PULLEN WILL JOIN IQE IN HIS ROLE AS CHIEF FINANCIAL OFFICER TO BOARD OF GROUP ON 4(TH) FEBRUARY 2019.  Full Article

IQE Says Chief Financial Officer Has Died
Tuesday, 3 Apr 2018 

April 3 (Reuters) - IQE PLC ::CHIEF FINANCIAL OFFICER, PHILLIP J RASMUSSEN BSC ACA, HAS DIED.DEATH FOLLOWS A CYCLING INCIDENT THAT TOOK PLACE ON 1 APRIL 2018 WHILST ON HOLIDAY ABROAD.EXECUTIVE CHAIRMAN, TO PROVIDE OVERSIGHT SUPPORT ON AN INTERIM BASIS TO FINANCE TEAM, HEADED BY NEIL RUMMINGS.  Full Article

IQE Plc Posts FY Adjusted Pretax Profit Of ‍24.3​ Mln Pounds
Tuesday, 20 Mar 2018 

March 20 (Reuters) - IQE Plc ::FY REVENUE ‍154.5​ MILLION STG VERSUS 132.7 MILLION STG AS REPORTED YEAR-AGO.FY ADJUSTED PROFIT BEFORE TAX ‍24.3​ MILLION STG VERSUS 20.6 MILLION STG AS REPORTED YEAR-AGO.FY CASH GENERATED FROM OPERATIONS ‍29.7​ MILLION STG VERSUS 22.5 MILLION STG AS REPORTED YEAR-AGO.‍FY WAFER SALES UP 21% TO £152.6M​.‍PHOTONICS REVENUE EXPECTED TO GROW C.35% TO 60% IN 2018​.‍FY INFRARED REVENUE EXPECTED TO GROW C. 5% TO 15% IN 2018​.SEES ‍POTENTIAL FOR STRONG GROWTH IN 2019 AND BEYOND​.  Full Article

IQE Hits Out At "Factually Inaccurate" Muddy Water Report
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - IQE PLC ::‍RESPONSE TO SHARE PRICE MOVEMENT​.‍NOTES TODAY'S SHARE PRICE MOVEMENT, WHICH FOLLOWS A REPORT BY MUDDY WATERS CAPITAL LLC​.‍ALLEGATIONS CONTAINED IN REPORT WERE ADDRESSED IN ANNOUNCEMENT ON 5 FEB, IN WHICH IQE RESPONDED TO A SIMILAR REPORT PUBLISHED BY SHADOWFALL CAPITAL."‍INFORMATION IN MUDDY WATERS REPORT IS EITHER FACTUALLY INACCURATE OR HAS PREVIOUSLY BEEN DISCLOSED IN IQE'S ANNUAL REPORTS, FINANCIAL STATEMENTS"​.‍RE-ITERATES THAT IT EXPECTS FULL YEAR REVENUE TO BE AHEAD OF MARKET EXPECTATIONS​.‍"REMAINS CONFIDENT IN ITS OUTLOOK FOR 2018 AND BEYOND"​.  Full Article

IQE Says ‍Trading On Track To Exceed Full Year Expectations​
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - IQE Plc ::‍TRADING ON TRACK TO EXCEED FULL YEAR EXPECTATIONS.​.EXPECTS FULL YEAR REVENUES TO BE AHEAD OF MARKET EXPECTATIONS, AND TO BE NOT LESS THAN £150M FOR YEAR ENDING 31 DECEMBER 2017​.  Full Article

UK's IQE to take over Singapore joint venture

Cardiff-based IQE Plc said on Thursday it would take complete ownership of its loss-making joint venture in Singapore to capitalize on supply chains in the Asian country and China's 5G market, sending its shares 5% higher.