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
  +0.05p +0.21% 23.75p 23.50p 24.00p 24.00p 24.00p 24.00p 71,854 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 23.4 10.7 6.1 3.9 38.07

PV Crystalox Share Discussion Threads

Showing 7526 to 7548 of 7550 messages
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DateSubjectAuthorDiscuss
18/10/2018
08:24
Always a risk, and they have hinted at some sort of acquisition - they've had plenty of time to sort things out, but I can't imagine anything other than a return of nearly all the cash by year end.
zcaprd7
14/10/2018
14:50
Hi Pejaten, that is a serious worry, that I'e expressed several times on here. My previous experience with other companies like PVCS that have become cash shells is that more often that not CEOs froget their promises to return capital and blow it on some "brilliant" acquisition. Pressure needs to be brought on management to do the right thing for shareholders not only themsleves.
cjohn
13/10/2018
21:42
The ceo will run this as long as is possible
meijiman
11/10/2018
11:45
Too right!
cjohn
10/10/2018
14:46
yes the ceo still gets paid a monthly salary. He's lovin it.
meijiman
25/9/2018
10:15
Yes. Still pretty cheap. But then there isn't much of a business left.
cjohn
24/9/2018
14:06
Oh I see, some sort of leveraged buy out? They will be getting the R&D grants as well, not sure how long those projects last, but they keep referencing them in the RNS'
zcaprd7
24/9/2018
09:05
The German management should pay a couple of million to PVCS for the business and assets. That would be an OK outcome, though I just can't help wondering if there isn't more value than that in the written down assets.
cjohn
20/9/2018
10:00
Yes, I'm sure that's how they'll position it, don't see why they need any cash, there isn't any debt is there?
zcaprd7
19/9/2018
17:05
Local management might buy out the German business: given that winding it up would cost a couple of million - ?? - that might be the best outcome. If they hand over a couple of million for the privilege, all to the good.
cjohn
18/9/2018
12:30
Not swiped then, I meant the old "we'll take that off your hands for £1" routine, and it's millions of pounds worth of plant and machinery...
zcaprd7
17/9/2018
17:18
No sign of kleptomaniac tendencies in PVCS management up till now. So I think the scenario you're worrying about is unlikely. Far more likely is that they decide it would be a good idea to blow some/all of the cash on an acquisition. This is how shareholder value is most likely to be destroyed in this case. (I've seen it several times before in similar cases!) All cash should be returned ASAP to shareholders. It is their money, not a plaything for management.
cjohn
17/9/2018
16:44
Thanks, I thought I'd checked that a while back, I think it's pretty clean... My only concern is that the assets are going to swiped from us by management?
zcaprd7
15/9/2018
15:16
Pejaten I add my thanks
varies
15/9/2018
14:11
thanks for the interesting detail, Pejaten.
cjohn
14/9/2018
17:22
The company has a defined benefit scheme with two employees. One of those died last year. The cost of the scheme is covered by insurance policy taken out. In 2017 there was a credit because company will still receive money for pensioner who died, but that money is not due to the estate of that individual
pejaten
14/9/2018
10:36
I don't think there is much else left, inventory is practically gone, and everything else is closed down?I will have a rummage regarding pensions, but haven't seen anything...
zcaprd7
14/9/2018
10:00
The German operation is certainly very small with only 20 workers employed with a focus on cutting glass and quartz for the semiconductor and optics industries. Efforts to sell the German wafer manufacturing business failed and most of the workforce had to be laid off. It is not clear to me whether the factory space occupied by that business has been disposed of. They cannot need much for the 20 workers remaining. It seems unlikely that PVCS would want to expand this glass-cutting business to a size significant for a company with a market cap of £40 million, especially if it has to be managed from the UK. We should surely see news on this front before long. Are there any indications of the volume of sales of this remaining business ? One more question : is there likely to be any substantial pensions liability ?
varies
14/9/2018
08:09
Yes, they would. I hope they get on with flogging off the German operations, then return cash.
cjohn
14/9/2018
08:08
Indeed, so we are still looking at 30p a share here.... Surely they'd need shareholder approval for any kind of acquisition?
zcaprd7
14/9/2018
08:05
Today. Very encouraging in my view. net cash of 39.6m euros. With 14.3m euros due end November. This makes 53.9mm euros or 48.1m pounds. Current market cap is 38.8m pounds. German operations have been heavily rationalised and converted to quartz and glass cutting and only 20 employees remain. This suggest any further wind up costs will not be large. The net cash figure is AFTER costs associated in making redundant the vast bulk of the German workforce. There is a possiblity of a German management buyout of operations there. The main risk here is that the management blow the cash on an acquisition. There need to be concerted demands from shareholders for a cash return. all best CJohn
cjohn
13/9/2018
09:18
Today or tomorrow?
zcaprd7
10/9/2018
13:36
Interims on Thursday 14th
napoleon 14th
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P:42 V: D:20181018 22:05:33