Pv Crystalox Solar Share Discussion Threads

[zcaprd7] 13/1/2015 13:15

Drifting badly now...

[zcaprd7] 25/11/2014 08:08

Not if they didn't have all the information they needed....

[the stigologist] 24/11/2014 22:34

They could try but they would have to offer at least the Net Asset level otherwise other parties would come in and frankly they could afford to pay more as they would command a Management premium rather than discount

[zcaprd7] 24/11/2014 21:42

Would you if you wanted to take it private?

[the stigologist] 19/11/2014 23:09

Would have been nice to update on the cash level which is suspect is huge right now because despite the p&l accounting for loss making operations the cashflow from turning inventory/wip should be very positive

[steve73] 19/11/2014 09:35

IMS today - but not a lot of info therein...

PV Crystalox Solar PLC
19 November 2014
Interim Management Statement
PV Crystalox Solar PLC ("the Group") announces its Interim Management Statement on a voluntary basis for the period from 1 July 2014 to the date of this announcement. From 7 November 2014, the requirement in the Disclosure Rules and Transparency Rules to publish interim management statements has been removed. As a result the Group will cease publishing such statements after this one.
The PV market is slowly adjusting to the changes brought about by the imposition of fresh US anti-dumping duties in July on solar cells from China and Taiwan. Prices across the value chain have seen very modest gains from the recent low point reached in late August and wafer prices remain below industry production costs. PV installations are expected to be at record levels in Q4 with industry analyst NPD Solarbuzz forecasting global PV installations to reach 50GW in 2014.
The Group expects full year wafer shipments to be within the range 200-220MW in accordance with the guidance given in the 2014 Interim Report. The strengthening of the US dollar and the weakening of the Japanese yen seen in recent weeks are expected to impact positively the Group's gross margins, although these remain negative.

[the stigologist] 18/11/2014 13:58

By Andy Colthorpe - 18 November 2014, 12:01

‘Solar century’ beckons as costs continue to fall - UK energy secretary

[the stigologist] 18/11/2014 08:49

brings a whole new meaning to 'the streets are paved with gold'

[thaaarg] 12/11/2014 10:50

Knock Knock who's there?

[maryhopkins] 12/11/2014 09:13

MaryHopkins 13 Mar'14 - 21:22 - 5835 of 5838 1 0 edit

25p first stop then AAAAAAAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLLLL the way off the cliff to 15p! GET OT WHILST OUT CAN!!!!!!!!!!!!!!!!

Which RETARED MUG PUNTERS LISTENED TO STUCKOLOGIST? Trev123? Maybe Traag or whatever his name was?

[the stigologist] 15/10/2014 21:06

loads of cash here

this should outperform in this market

[zcaprd7] 18/9/2014 17:58

Hmm, my hunch is management are walking the price down for a mbo at some point...

[the stigologist] 21/8/2014 08:00

Not to mention production capacity equivalent to c. £200m revenue per annum so if the market returns to rationality and assuming 10% margins the Company has potential to earn it's entire market cap in annual profits !

So if you can buy a potential 10-20 bagger (assuming it will trade on a PER of 10-20x at some point on that profit level) with little downside risk given cash and net asset backing

[thaaarg] 21/8/2014 07:50

If the 8.7M Euro settlement (due Sep) was added to the interims to 30/06/14 there is approx 22p per share cash.

Net Current Assets = 35p per share.

Net Assets = 46p per share.

Total cash = £35.3M @ 1.25 EURO / £

Huge potential here if there is "an eventual return of a more rational business environment."

[garth] 21/8/2014 07:46

Nothing in those results about recovery on the way. The recent payment gives them the cash to wait out another year, hope that the market improves and hope that the currency movements swing back towards those that helped them to better results last time!

[the stigologist] 21/8/2014 07:35

trading at discount to cash and net assets with recovery on the way which makes its production capacity potentially very valuable

[skinny] 21/8/2014 07:06

Market overview
· Intensively competitive PV industry environment continued in H1 2014
· Wafer prices have fallen back to mid-2013 levels
· Global PV installations lower than expected in H1 2014
· PV trade disputes resume in USA and China

Overview of results
· Cash conservation strategy continues
· Wafer shipments 99MW (H1 2013: 84MW)
· Revenues €30.1m (2013: €28.3m)
· Loss from continuing operations €6.9m (H1 2013: Profit €1.3m)
· Net cash of €35.4m on 30 June 2014 (31 December 2013: €39.2m)
· €8.7m to be received in customer settlement in September 2014

Iain Dorrity, Chief Executive Officer, commented:
"Despite the continuing challenging PV market conditions, we are pleased to report the Group has increased shipment volumes and strengthened customer relationships in Taiwan and Europe. The Group has a healthy net cash balance and maintains significant manufacturing operating capacity. The Board believes that its ongoing strategy will maximise shareholder value and position the Group to take advantage of an eventual return of a more rational business environment."

[zcaprd7] 20/8/2014 16:36

Strong finish. Good volume. Need a bit more news regarding operational breakeven...

[cyan] 20/8/2014 09:54

Re-rating in progress with a healthy share price rise

[zcaprd7] 15/8/2014 17:06

Should be a special dividend really. They plenty left over after the last one?

[j777j] 15/8/2014 13:31

25% of mkt paid in cash that should put the shares at 20p for starters.Lots of bullish noises emerging out of solar.

[zcaprd7] 15/8/2014 13:25

Nice chunk of money. Bit too greedy with my 15p target. But I am a longer term holder...

[skinny] 15/8/2014 13:00

As mentioned in the Annual Report and Accounts for the year ended 31 December 2013, PV Crystalox Solar plc ("the Group") has been looking to conclude settlements with the administrators of two long term contract customers who had entered insolvency proceedings.

The Group is pleased to announce that a settlement has been concluded with one of those customers. This is expected to result in a cash payment of approximately €8.7 million which the Group expects to receive within 30 days and which will be recognised as income during H2 2014.

A settlement with the other customer in insolvency is expected within the next six to twelve months, however it is anticipated that the magnitude of any cash payment will be significantly lower.

A full update on the activities of the Group will be included in the Interim Results which will be released on 21 August 2014.