On January 10th IQE, the Wales based supplier of advanced semiconductor wafer products and services IQE announced a $75 million ($60 million on completion and $15 million payable on the third anniversary of completion) acquisition, a £16.5 million placing of new shares with institutional investors at 29p each and a 2012 trading statement. Having tipped the stock at a 28.75p share price on this very website on November 19th -I am feeling rather smug as the spread is now 36.25-36.75p. Indeed I also tipped this stock at 24.5p in my days round at t1ps so I am feeling doubly smug. But there is more to come.
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