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
  +1.15p +4.90% 24.60p 24.50p 24.70p 24.70p 24.00p 24.00p 1,117,944 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 23.4 10.7 6.1 4.0 39.43

PV Crystalox Share Discussion Threads

Showing 7501 to 7524 of 7525 messages
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DateSubjectAuthorDiscuss
18/8/2018
12:24
ff.. It looks to me as if this new technology is disrupting traditional wafering methods, which PVCS are continuing to do at their German facility. Probably more likely to reduce the possibility that the German ops can be sold off as a going concern, which would entail higher closing costs for us. ..but really, I'm only guessing... edit, re-reading the nexwafe item, I see they're making monocrystaline wafer, so perhaps not a direct threat to our multicrystaline wafering.
steve73
18/8/2018
12:05
Would the remaining german facility be compatible with this project. hxxps://www.pv-magazine.com/2018/06/21/nexwafe-announces-250-mw-disruptive-kerfless-wafer-factory-in-bitterfeld-germany/
flyfisher
18/8/2018
02:53
I'm going off the November statement :"The award requires the customer, who has failed to purchase wafers in line with its contractual obligations, to pay the amount of around EUR34 million including interest to the Group. The obligation to pay is not conditioned upon the delivery of 22.9 million wafers, outstanding under the contract, although the customer's right to seek such delivery is not precluded by the award."
zcaprd7
17/8/2018
15:48
Minimum amount expected at Dec 31 was 20.5m as per annual report. They subsequently increased this to 24m in March. The fact that we are now getting 28m is inevitably a combination of the value of supplying wafers and interest.
pejaten
17/8/2018
12:22
Sorry, last total figure was 34 million (including interest) so they have done a reduction...
zcaprd7
17/8/2018
12:20
I assumed it was implied, as they mention only the 2 payments being made, totalling the original award figure. The other crowd wouldn't waive the delivery rights for zero, would they? I assume the generous terms were in lieu?Those wafers were still going to worth a few quid, surely?
zcaprd7
17/8/2018
12:08
Hi Zpcard7, Sadly not. The wafer delivery waiver payment by PVCS was less than previousñy anticipated because of the collapse in the value of those (undelivered) wafers. The RNS doesn't mention the interest payments. Hence no reason to believe they were waived.
cjohn
17/8/2018
11:35
So, let me get this straight, they have waived the interest payments due, instead of having to deliver the contracted wafers?That's a good result isn't it? What was the interest worth (plus half to November) and how much were the wafers worth?Gives them time to wrap things up as well, should be all sorted by end of the year...
zcaprd7
17/8/2018
11:06
I agree a target of 28p is realistic. The downside from the current share price is minimal. I believe management has played its hand extremely well over the last few years. It has successfully side stepped huge potential liabilities on long term polysilicon contracts and has extracted a meaningful amount from the arbitration process with the major customer, whose financial position is unlikely to be strong. As to their long term stewardship of the Company I would point to the collapse in water prices caused by the anti competitive behaviour of the often loss making Chinese players which has reeked havoc across the industry. With most of my buying done at just under 10p I am very happy with the outcome and will hold my large position (and possibly add more if the share price drops) and wait for payday.
boros10
17/8/2018
10:13
It is disappointing that the judgment has proved so difficult to enforce and I am reminded of the unhappy experience of Rurelec which won damages from the government of Bolivia but was only able to extract part of them. It looks as if the defendant will escape any interest penalty for late payment. I bought my current holding last November at 22.32p and would, therefore, have a gain of about 9% if I sold at 24.32p today. Whilst not exciting, this represents a return of about 1% per month. Like Salpara I would have hoped for a rise to 28p on this news at which level I would be sorely tempted (like Salpara) to bail out. I agree that the record of our company's management is not so impressive that I would want to see them invest this cash in another business.
varies
17/8/2018
09:54
The other company were never going to take the waters, as solar cell production is unprofitable. The rapid drop in wafer prices in the last few months has materially benefited PVCS, as it's reduced the wafer waiver payment by several million. The main risk here is that the company blow the funds on a daft acquisition . Excess capital should be returned to shareholders.
cjohn
17/8/2018
08:43
The last thing I want to happen is for them to spend all the cash on acquiring another business. If I want to invest in another unrelated business line I am sure I can find an AIM stock that is already in that area. I guess I will wait a few more weeks for the results as they will hopefully provide more clarity at that point.
salpara111
17/8/2018
08:16
They might pay a special dividend Or perhaps move into another area via an acquisition
buywell3
17/8/2018
08:11
Very disappointing rise. I was waiting for this announcement on the basis that it should have lifted the share price back to at least 28p. I am going to bail now as there is nothing else in the "good news" category still to come.
salpara111
17/8/2018
08:09
Yes , because wafer prices are dropping fast They can wait and buy 40% cheaper as G.S points out in my last post Key thing is What will they do with the cash ?
buywell3
17/8/2018
08:07
They waived the rights by deducting value from the settlement.
pejaten
17/8/2018
07:52
Should rise today but the fact that they 'waive the right to recieve wafers' seems to suggest that this market is in rapid decline due to over supply Solar Panel market is in big trouble hTTps://www.cnbc.com/2018/06/07/the-solar-industry-is-entering-a-downturn-says-goldman-sachs.html ''Goldman Sachs: Solar industry heading for a downturn after major Chinese policy shift'' ''Goldman now expects a 40-percent drop in sales volumes in China, which accounts for half of the global market for solar modules and other equipment. Heaping more pressure on the industry are anticipated declines in other key markets like Japan, India and the United States, where the Trump administration has dented demand by slapping tariffs on imported solar panels and modules.''
buywell3
17/8/2018
07:34
So an additional 8 million on top of the 20 recognized last year. Net assets at end 2017 were 56 million so net assets before 2018 costs would be 64 million = 39 euro cent per share or around 34 p per share. Hope we get clarity on closure costs shortly, but you would think net assets would probably be around 30p
pejaten
17/8/2018
07:24
http://uk.advfn.com/p.php?pid=nmona&article=78092259
spob
01/8/2018
14:40
I wish they'd get a move on...
zcaprd7
25/7/2018
19:50
Last week, they were flat. this week they were down between 0.5 to 7%. This is positve for PVCS, in view of the "refund" they will pay, in lieu of a wafer shipment.
cjohn
19/7/2018
10:55
How are wafer prices doing?
zcaprd7
17/7/2018
16:56
Some news, or just impatience creeping back in?
zcaprd7
05/7/2018
10:57
yes, indeed! wafer prices down 1-3% this week.
cjohn
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