Share Name Share Symbol Market Type Share ISIN Share Description
PV Crystalox LSE:PVCS London Ordinary Share GB00BFTDG626 ORD 5.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 24.00p 23.80p 24.00p 24.00p 24.00p 24.00p 30,010 08:02:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 23.4 10.7 6.1 4.0 38.47

PV Crystalox Share Discussion Threads

Showing 7451 to 7474 of 7475 messages
Chat Pages: 299  298  297  296  295  294  293  292  291  290  289  288  Older
DateSubjectAuthorDiscuss
19/5/2018
11:09
I think they will return most of the money, and raise more from shareholders who want to go down the new path... To be fair, management have played this quite well, although have taken a long time.
zcaprd7
19/5/2018
10:00
Hi zcaprd7, Well, if they return all the cash to shareholders and liquidate the co, I guess management will all be looking for new jobs...... Do turkeys vote for Xmas ? The CEO would probably have enough (10%) to start afresh/ retire / do something different.... ATB
extrader
19/5/2018
08:14
Rights issue to raise finance for an acquisition = protecting the war chest?
zcaprd7
18/5/2018
12:35
Hi Steve73, I'd be particularly interested in why they sought permission to increase shares by up to 66% in the context of an acquisition-related rights issue (see resolution 8). Is this just to 'cover all bases' as part of the strategy review or a sign that they may be looking at using the prospective war-chest to buy into something new ? ATB
extrader
18/5/2018
10:54
Hi all, I've just spoken with Wethey, CFO and Company Secretary. An RNS will be out shortly, he confirmed that all resolutions were passed with 99% in favour, about 40% of shareholders by value present. He didn't want to say more, other than that they're concerned to maximise value for shareholders, reminding me that the CEO has about 10%, so plenty of skin in the game and interests aligned with PI's. ATB
extrader
18/5/2018
09:09
I'm surprised there was no AGM RNS issued...?
steve73
18/5/2018
09:07
Wafer prices down again week on week. Drops of between 0.35% and 1.7%. every 1% drop is worth very roughly $100k to PVCS.
cjohn
17/5/2018
12:48
Any news from the agm?
zcaprd7
16/5/2018
14:04
Hi outfly, This is only ST's estimate. It's not clear what is included in his reckoning eg all the interest ? What the reduction for non-delivery of wafers might be ? What the eventual closure costs of the German facility might be ? Still, there appears to be reasonable upside from here......and we may get some greater insight tomorrow. Here's hoping ! ATB
extrader
16/5/2018
13:35
This shows that we should receive a payment of 27.5 p per share.
outfly
16/5/2018
13:06
There you go - an update from ST from the IC (thanks to ST): -- End game in sight for PV Crystalox The end game is in sight for solar wafer maker PV Crystalox Solar (PVCS:22.5p). The company has received an initial payment of €14.5m (£12.7m) from one of its customers, a leading photovoltaic company that failed to purchase wafers in line with its obligations under a sales contract, as part of a €36.5m arbitration award made by the International Court of Arbitration of the International Chamber of Commerce (ICC). Discussions are ongoing between the two parties to agree a payment schedule for the outstanding amount. The photovoltaic company has the right to receive the outstanding 22.9m wafers under the contract, and both parties are exploring options to eliminate the wafer deliveries for a corresponding reduction in the award. This explains why PV Crystalox only recognised a net €20.5m of the award in its 2017 annual accounts. In addition, a further €3.1m was awarded to PV Crystalox in March 2018 and will be recognised in the first half, as will interest on the outstanding balance of the larger arbitration award. By my reckoning, PV Crystalox currently has net funds of 22.5p a share, excluding 5p a share of outstanding award payments to be made. Ultimately, a cash return to shareholders is the end game. So, having included the shares at 19p in my 2014 Bargain Shares portfolio, and last rated them a hold at 21p (‘Small-cap earnings beats’, 21 March 2018), I can see light at the end of the tunnel. Hold. -
gersemi
15/5/2018
15:46
Hi all People positioning themselves prior to Thursday's AGM ? Won't be able to attend myself, look fwd to discussing outcome when known. ATB
extrader
15/5/2018
15:20
Bit of a flutter this pm?
zcaprd7
15/5/2018
09:44
By the way, I just saw your kind message 2267 on the TNI board. You're right!
cjohn
15/5/2018
09:22
If you're going to the AGM, Extrader, I'd be grateful for a summary here....
cjohn
14/5/2018
21:24
Maybe we'll get some hard info 're the lengthy strategic review conclusions at the AGM on Thursday....... ATB
extrader
14/5/2018
21:24
Maybe we'll get some hard info 're the lengthy strategic review conclusions at the AGM on Thursday....... ATB
extrader
14/5/2018
12:46
Someone like this:http://logomatic.de/en/company/
zcaprd7
14/5/2018
12:15
I suspect there will be a small acquisition, that can be merged with the German operations, to make it viable, and save the redundancies...
zcaprd7
13/5/2018
22:39
Hi all So long as they don't p@@$ up up against the wall on a new venture.. .unless it's blockchain , in which case we're all millionaires... ATB
extrader
13/5/2018
19:28
Thanks CJohn, Got a bit carried away and forgotten he said that. Maximising shareholder value and doing the best thing for shareholders should be one and the same... Still risk/reward is very attractive at the current SP
zoolook
13/5/2018
18:19
hi Zoolook, Sadly, it's not as clear as you suggest. Firstly, the Chairman said this in the recent Prelims: "Following receipt of the funds from the arbitration award mentioned above, the Group is expected to have a substantial net cash position. In the light of this the board intends to explore options for the future of the Company in order to maximise shareholder value. These may include a cash return to shareholders, the acquisition of an existing business or a combination of these alternatives." And secondly, they've also said they may try to restructure the German business, if a buyer isn't found. The best course of action is a wind up. That's for sure. But you can't necessarily expect the directors to do the best thing for shareholders.
cjohn
13/5/2018
16:00
There is a little uncertainty, not sure how logical German trade unions are, but I presume more so than British ones...
zcaprd7
13/5/2018
10:45
Downside well and truly covered. Built in upside is is more likely than vast majority stocks. Not a quick buck but can’t understand why the price hasn’t jumped on the announcement as it is cash in the bank and demonstrates the customer can’t wriggle off the hook despite its best efforts. No indication that the BOD intends to do anything other than the logical thing in shareholders interests ie completing the wind down.
zoolook
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