Pv Crystalox Solar Share Discussion Threads

[konradpuss] 15/4/2019 15:10

zcaprd7 I am guessing that the Sock Exchange will be supportive of the existing listing if there is something meaningful left. If they sell the German business and use up the cash which is left paying themselves well then they would have to de-list.

I am still optimistic that somebody will come along for the shell. This is one of the reasons I am hanging on - probably wrongly.

From the recent RNS some folk have been selling down.

[zcaprd7] 15/4/2019 14:30

Yes, but why, do they mean to sell the German business and sell the listing?Will they reverse something into the shell to manage themselves (and hopefully not keep the surplus cash)?I was just worried I'd be holding shares in an unquoted German company...

[konradpuss] 12/4/2019 20:56

Zcaprd7 I think there will be enough left to retain the listing after the distribution.

I am however a natural optimist!

[zcaprd7] 12/4/2019 15:35

"any further possible cash return will be strongly dependent on developments in the German business and the decisions taken on the Group's listing."

[konradpuss] 12/4/2019 07:30

zcaprd7, the company said a distribution of capital reserves and a consolidation to leave the share price much the same.

I do not see how that could lead to a delisting in my humble.

[zcaprd7] 04/4/2019 10:53

1p if you're selling... Probably worth holding still. Is there any real threat of a delisting after the distribution, don't they require 75% of the shares?

[zcaprd7] 01/4/2019 16:55

The leftovers are worth 2p a share now...

[zcaprd7] 26/3/2019 12:58

Oh I see, very good, the price should remain the same. Use market caps instead then...

[zcaprd7] 25/3/2019 22:46

Well, that's the conundrum faced with buying more now...

[konradpuss] 25/3/2019 17:47

Big volume today.

I wonder who was selling and who was buying?

[eezymunny] 25/3/2019 16:20

"All shareholders, on the register at the time, will participate in the Capital Return, which will be implemented through a reduction of the capital reserves and will be accompanied by a share consolidation to maintain broad comparability of the share price before and after the return"

If they drop to a penny I'll buy them all ;)

[zcaprd7] 25/3/2019 15:12

Here's a conundrum for you. Lets say after the 24p return, the shares drop to a penny... ...should one spend the special dividend buying the 1p shares?

[konradpuss] 25/3/2019 09:49

Cjohn, you have put that well.

If there is a bit of weakness I will buy more.

If you can get in with stamp and dealing costs below or around 25p it looks fine.

[cjohn] 25/3/2019 09:24

The risk/reward ratio of buying in at 24.85p (quoted buy price this morning) here reminds me a little of writing options.


There is a very good chance of anything from a negligible loss to a modest profit: up to around 12%.


There is a very small chance of a potential larger loss. (If the 24p pay out doesn't happen.)

[zcaprd7] 23/3/2019 23:31

They have massive historic losses don't they, so no profit and no tax. The award was recognised as revenue already. Also, they will offer it as a special dividend or as A shares which can be sold, for a capital gain (so you decide what is most efficient - mine are in a sipp so A shares).Please get advice if you are unsure...

[konradpuss] 23/3/2019 20:39

Right, next question. Tax. Can they distribute with out a tax charge? I am not an accountant (thank God! just a lowly chartered surveyor) Can the distribution of all the cash be off set against the share capital account and the share premium account on the balance sheet.

No point in buying further now if the remaining cash goes to HMRC because of the 24p distribution.

I still think there is value in the fully listed quote and tax losses.

[cockerhoop] 23/3/2019 14:20

Payout will be 24p regardless of exchange rate imo.

[konradpuss] 23/3/2019 14:06

So is there or is there not an exchange rate risk for the 24p pay out?

[zcaprd7] 23/3/2019 12:42

Indeed, they have a nice 10m odd buffer don't they...

[cjohn] 23/3/2019 12:11

EezyMunny
22 Mar '19 - 20:45 - 7150 of 7157
0 1 0
Usual boloney posted by everyone.


That sentence has a logical flaw.



1. Everyone includes EezyMunny.

2. Therefore what EezyMunny posts is the usual boloney.

3. Therefore "The usual boloney posted by everyone" is boloney.

4. Therefore ….. I could go on.

[cjohn] 23/3/2019 12:05

Hi zcaprd7,

yes, you're right re the risks of holding elsewhere.


That does tilt the balance in favor of buying back in. But not quite enough for me at 25p+

[konradpuss] 23/3/2019 11:01

I think they are saying GDP 38.5 million no matter what the Euro does.

[eezymunny] 23/3/2019 09:50

Yes I suspect you are right pejaten. Thanks for that...

[pejaten] 23/3/2019 08:36

The accounts clearly state that (note 27) that cash balances are mainly held in currencies other than the presentational currency (euro). It goes on to state that exchange rate risk is mainly with sterling. Suggests to me that most of the cash is already in sterling.