Ann: Half Year Results Presentation, page-6

Yes a deal or dramatic improvement in IQE is needed now that it's almost on it's 12 month low.

The drop below 80c has really surprised me but it is so thinly traded the price is whatever is on offer. A little lower and it might really be worth taking a punt.

From the 1/2 Yearly:

We are currently in advanced due diligence on a number of potential acquisition opportunities

These are in the health focused food, education, B2C testing and solar energy sectors

B2C testing and solar energy sectors are new focus industries for us as we seek to capitalise on tailwinds present for both sectors

Pipeline of acquisition opportunities has increased significantly since the beginning of CY2015 with over $50m aggregate EBIT of potential deals across multiple sectors