Max Drawdown

If $LPK / $LPKF / $LPK.DE only reached market cap of $SIVE, that implies ~€60–65/share. If $LPKF gets rerated to: 10x sales = ~€43–49 15x sales = ~€64–73 20x sales = ~€86–98 And AP volume orders are not even in FY26 guidance yet. That’s the setup.

@davey_juice @HedgebergCom @__Con_ @BorisMacro all made good calls recently and all of them are below 5 k followers

I want to find some new accounts, ideally under 5k followers to follow Please drop your favorite names below If this post gets traction, I will release a list wth my faves on here (look at who I follow if you want to know anyways)

portfolio +40% while the market is -5% this is how you put your bloodline a decade ahead

@TheFinanceCat What's your target in this correction then? You know the market is forward looking. Sometimes it's looking years ahead.

Right now there is a heavy correction ongoing for $LPK $LPKFF, that was expected as I mentioned before. Their technology will be required mid next year, right now is too early, their price spike was pure hype, no real catalysts.

@Craaazy1231 And also it's so quiet when you search the tag on X. We are so early.

$LPK / $LPKF is looking very intersting at current price levels. I can't believe, how cheap this actually is. This is a company, that could potentially 8x from here, by ease, if everything goes as planned.

@HedgebergCom @Azzze_b When did you sell the last time btw? You no longer have a 100 % position? I think last time I checked on your website it was a 100 % position

@Azzze_b @_Max_Drawdown I am still invested. Just cut the position. 17€ first target and then it depends on the speed of this correction and the reaction. 17€ is the orientation for now

$LPK $LPKF LPKF has unfortunately completed a SHS pattern. Its theoretical taget would be 17€. Most likely it would return to the neckline before heading lower.

$LPK $LPKFF LPKF Moat Analysis Moat type: Patent/IP + Switching Cost + Toll Booth — triple stack, which is rare. The LIDE patent portfolio is dense and covers the core process (Laser-Induced Deep Etching) for forming Through-Glass Vias (TGVs) without micro-cracking. This matters because glass is so brittle that conventional drilling (mechanical or standard laser ablation) creates tiny fault lines. When the chip heats up, those fault lines expand and shatter the substrate. LIDE solves this at the physics level. Competitor check: Canon has TGV tools but uses a different process. JNTC (Korea) has proprietary in-house tech but explicitly avoids LPKF-style equipment. Corning has laser capabilities but is a glass maker, not a tool vendor. No other company has a production-proven LIDE equivalent. Customer lock-in: CEO Klaus Fiedler stated that more than 80% of major global semiconductor customers have selected LPKF equipment for test/R&D environments. Re-qualification of a different TGV formation method would take 1-2 years and require re-running all reliability testing. Toll booth confirmation: An Intel patent (granted 2025) explicitly describes LIDE-formed TGVs being restructured for optical waveguides in a CPO architecture. This is the definition of being designed into the process flow. Widening moat: LPKF is expanding beyond TGV formation into glass-package singulation, multilayer glass-stack laser bonding, and CPO-on-glass integration. They are moving from one tool in the process to potentially three or four. We are so early. The hoard grows from names like this...

$LPK $LPKFF Part One of the Re-Rate is Complete. Part Two Takes Us to €1B+ Market Cap 🚀 I accumulated LPKF Laser & Electronics (LPK) at a sub-€200M cap because the market was sleeping on the company's essential LIDE technology for AI chip packaging. The thesis was simple and I laid it out at length: LPKF owns the only commercially viable, high-volume manufacturing (HVM) ready process for Through-Glass Via (TGV) formation in advanced semiconductor packaging. That process is Laser-Induced Deep Etching (LIDE), and every serious player in the glass substrate race is either qualifying on LPKF equipment or has already placed pilot orders. CEO estimates 70%-80% market share. Today the stock trades around €22-23 on a market cap near €550M. Part one of the re-rate is done. I want to be explicit about what that means. The first leg, roughly €5 to €25, was the market waking up to the existence of the LIDE moat. The next leg is anchored to a specific catalyst path that converts speculation into book-and-bill, and that leg takes us to a €1B+ cap. The path is order confirmation from named tier-one customers. Management has guided to first LIDE production orders in Q2 2026 (June-July). The investor forum on June 18 in Hanover is where CEO Klaus Fiedler presents the long-term strategy, and that is the venue where I expect customer color and a hard ramp timeline. Q2 earnings on July 23 is the print where the order intake shows up in the numbers. AGM on June 4 brings in Dr. Arne Schneider, currently CEO of Elmos Semiconductor (a publicly traded German automotive semiconductor company), to the supervisory board. Schneider is a former CFO with five years running a listed German semi SE. The appointment signals two things: governance is being recomposed for the semiconductor pivot, and the board is adding financial discipline at the exact moment LIDE moves from R&D spend to capex and working capital scaling. This is the kind of board change you make when you are about to ramp. On the customer identity question, the public evidence chain is already strong. Samsung Electro-Mechanics' Sejong pilot line was reported by TechSpot in May 2024 as having finalized its supplier list with Philoptics, Chemtronics, Joongwoo M-Tech, and Germany's LPKF, with the same confirmation appearing in Tom's Hardware citing ETNews and later in Digitimes January 2025 confirming Samsung Electro-Mechanics is working with Chemtronics and LPKF on various manufacturing processes. That is four independent trade outlets sourcing back to Korean primary reporting. On the $INTC Intel side, CEO Fiedler has publicly stated LPKF has been in exclusive paid co-packaged optics (CPO) development with a major US semiconductor partner for over two years. A granted 2023 Intel patent describes LIDE-formed TGVs in an Intel CPO architecture. Korean trade press named LPKF and SCHOTT as Intel's glass substrate collaborators going back to 2024. The UTI to LG Innotek route is publicly confirmed: LG Innotek formally announced a partnership with precision glass-processing specialist UTI in January 2026 to develop glass substrates for advanced semiconductor packaging, with UTI expected to handle the TGV process. LPKF is the plausible equipment vendor on that line given the absence of credible alternatives at HVM scale. Absolics in Georgia and DNP in Japan both run pilot lines that need this exact process. The $ONTO Onto Innovation PACE consortium membership puts LPKF tools in qualification at every member's program. What we are seeing this week is healthy. The stock has done what it needed to do in a short window, and a pause here lets the technical setup reset before the catalyst cluster lands in June and July. Long-term holders are sitting through it because the catalyst calendar is right in front of us. Every dip into the AGM and the investor forum is a gift. Catalyst stack into summer: - June 4: AGM Hanover, Dr. Arne Schneider supervisory board confirmation - June 18: Investor Forum, long-term strategy detail from Fiedler, expected customer color - Q2 2026: First LIDE production orders per management guidance - July 23: Q2 earnings, order intake shows up in the numbers When the orders land and they are attached to a named tier-one customer, the cap moves through €1B with conviction. Management has been telegraphing this catalyst for two years and the evidence chain backs them up. I take them at their word and so does the supply chain. This technology is essential for next-generation AI chips. Organic substrates are at their physical limit. Glass is the answer for 1.6T-class signaling, high-bandwidth memory (HBM) integration, and co-packaged optics. LPKF holds the patent stack and the qualification lead on the only HVM-ready process that produces defect-free TGVs at panel scale. At a €550M cap, we have merely begun. I am a long-term holder. I am glad the momentum took a breather. Healthy. Incredibly bullish LPK into summer.

@HedgebergCom True, I mean in the grand scheme of things, it should not matter.

@_Max_Drawdown Yes, average is lower though since I took profit earlier and bought at 10€ first time

@BorisMacro Many thanks

If it manages to close above $23 and enter the channel again I would potentially consider it, but it's not that high on my own priority list currently. If you want exposure though, this would be the time to start watching it again. Currently it broke down of the channel and is retesting previous support.

$POET has been one of my most volatile positions. Like I said in my previous post a new entry would potentially form if support holds. The price retracted perfectly and has since then gone up over 250% again. To be this company is highly tradeable, but requires very disciplined risk management. I am reducing my risk again from here on out. At the current price I would not call this an "investment" and I would caution you to follow hype based "advice" based on potential future revenue and/or profit expectations. I said the same about $LPK above $28 and that's trading around $22 right now just a week later.

@BorisMacro Too bad I didn't buy the $POET dip, I was sidelined at that time and I was considering buying the dip but the news somehow scared me :/

@l_m_s15 Yes, exactly. That is why I think the setup is interesting even before AP volume orders. If Northstar can already get $LPK to double digit EBIT margins at today’s revenue base, then AP/LIDE upside would come on top of a much healthier core business.

@_Max_Drawdown But remember, target of Northstar is a double digit EBIT-margin also at current revenue levels.

If $LPK / $LPKF / $LPK.DE only reached market cap of $SIVE, that implies ~€60–65/share. If $LPKF gets rerated to: 10x sales = ~€43–49 15x sales = ~€64–73 20x sales = ~€86–98 And AP volume orders are not even in FY26 guidance yet. That’s the setup.

@l_m_s15 Fair point, and that’s probably the better long term bull case. If Northstar/LIDE scales, $LPK is not just a rev rerate story. The real upside is operating leverage, better mix and maybe 20%+ EBIT margins. Sales multiples are just a rough shortcut before those margins show up.

@_Max_Drawdown I'm not a fan of this. Because in general LPKF after Northstar should scale strongly. And then EBIT-Margins of 20/25% should be possible.

@l_m_s15 Agree, market cap alone is not valuation. That’s why I also showed sales-multiple scenarios. The market-cap parity point is just a simple reference: “what would $LPK trade at if the market valued the story at the same absolute size as $SIVE?” Not my base case, just context.

@_Max_Drawdown but you are arguing with market cap and that stand alone doesnt make sense. Its always the relative valuation.

@l_m_s15 Nynomic ist top 👍

Diese Woche hatte ich 12 Meetings bei der Frühjahrskonferenz. Meine Eindrücke (-- sehr schlecht bis ++ sehr gut, 0 neutral). Keine Empfehlungen. JDC 0 IBU-tec + MuM + 2G Energy ++ audius + Dt. Rohstoff + adesso + q.beyond 0 Nynomic ++ Yoc 0 Westwing + Vossloh +

@l_m_s15 If the market starts pricing $LPK as an AI/AP infrastructure play instead of a legacy machinery name, the rerate math gets interesting. EBIT/EBITDA matters for mature businesses. For early AP optionality, markets often price revenue potential + strategic positioning first.

@_Max_Drawdown What kind of bullshit valuation approach is this? Why should LPKF be valued the same market Cap like Sivers? If you you at least would have said the same multiple... And why should someone pay 10x Sales or more? Lets focus on EBITDA or EBIT.

@AlphaW0lfCrypto What happened bro?

I GOT SCAMMED BY SOME PEOPLE I NEVER THOUGHT I WOULD.