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IQE Plc – the Singapore joint venture implodes

By Tom Winnifrith, The Sheriff of AIM | Thursday 10 October 2019

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.

IQE PLC (IQE) has today announced that it is buying out its partners in a JV in Singapore. Quite simpoly this JV has been a financial disaster, not that this was ever reflected in IQE's accounts.Now it seems to have imploded with IQE's partners walking away. Amazingly the shares are up on the deal at 62p. This is madness and this remains a stonking short.

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