Pv Crystalox Solar Share Discussion Threads

[zcaprd7] 06/6/2019 09:34

Delisting requires 70% of the shares to vote, no?

[eezymunny] 05/6/2019 14:47

We can only guess zcaprd7. Maybe sellers fearing de-listing? Maybe buyers thinking a bit of value?

We'll have to see.

All been moved back a day...

ww.investegate.co.uk/pv-crystalox-solar--pvcs-/rns/share-capital-consolidation---amended-timetable/201906051425072645B/

[zcaprd7] 05/6/2019 11:38

So it should still double, provided they don't fritter it all away?

[konradpuss] 04/6/2019 22:28

Well there you have it's a friendly sportsman's bet.

Konradpuss 30 p

zcaprd7 30 p

EeezyMunny 27.75 p

It's a nice problem!

[eezymunny] 04/6/2019 22:14

We probably wont find out til Sep interims. I'd guess 27.75p at Jun 30th. But it's just a guess. Pointless really...

[konradpuss] 04/6/2019 22:04

EezyMuuny, O.K. put your number on what is left after the distribution in pence based on the existing share price.

You know where zcapr7 and I have put our marker - 30p.

We can then relax and see it all play out.

[eezymunny] 04/6/2019 14:33

Of course not zcap but to assume it's at breakeven at worst in naive IMO. It may be, we just don't know. I'm inclined to think usefully loss-making, but we'll have to wait and see...

[zcaprd7] 04/6/2019 14:25

And they haven't sold anything at all to try cover those costs? If it's not a start up, they're cutting glass. They also have ongoing R&D grants.Also, they have stated they want to offload it to management, and they wouldn't want a severely loss making business on their hands, would they?

[eezymunny] 04/6/2019 13:49

Err not if they thought it could be made profitable. The world is awash with loss making companies and bust companies whose directors believed they were onto a winner. We have no way of telling until we see some results. Twenty employees, building costs, corporate overheads etc may be £1-3m pa at a guess IMO.

[zcaprd7] 04/6/2019 08:08

If it were loss making, or with no intrinsent value, they would have made everyone redundant when they had the chance, no?

[konradpuss] 03/6/2019 22:06

EezyMunny, just remember the management have quite a bit of 'skin in the game'.

Let's await the next results to see.

[eezymunny] 03/6/2019 21:52

With respect nobody outside the company can say "I reckon they are at break even" IMO. There were still 20 staff last we knew, plus office/building costs etc etc. We have no idea at all if they are generating revenue. I'd guess 99% likely to be loss making and cash burning....

[zcaprd7] 03/6/2019 18:30

The German ops must be worth something as well? I reckon they are at break even overall... Everyone who should be redundant, has been made redundant.

[konradpuss] 03/6/2019 18:21

EezyMunny, there was some old stock they were selling which will hopefully cover the small overhead in Germany. O.K. there are the salaries of the directors.

Now what are you factoring in for the value of the quote? Oh! and there should be a value for the tax losses. You might know better however. I am with zcaprd7 that this should yield 30p eventually.

[eezymunny] 03/6/2019 16:43

Why on earth do you think that? Is there any evidence the German ops are making money? Making enough to cover corporate overheads? I haven't seen any evidence of this.

TNAV looks like it might have been c. £47m at 31/Dec. That's less than 29p/sh. Where do you get your 30p from?

[zcaprd7] 03/6/2019 16:15

I don't think there is any cash burn?

[eezymunny] 03/6/2019 15:25

I think on-going cash burn will have taken it well below (current sp) 30p a share. The consolidation should actually weaken the share price a touch if my sums are right...but yes, could go either way on Thursday....

[konradpuss] 03/6/2019 14:52

zcaprd, just cannot fault your logic there.

My 'stub' stands me in at zippo so I will await on going events which I hope will not involve a delisting!

[zcaprd7] 03/6/2019 14:39

Well, I've maintained the whole lot is worth 30p a share, so if they return 24p, that's 6p left to play with.In the basis of the current share price, Mr. Market is valuing the remainder at 2p a share.As the consolidation shouldn't impact the current price (just change the market cap) I'd say 75p is fair game on the leftovers.If there is a drop, then full your boots I guess...

[eezymunny] 03/6/2019 14:19

PVCS will trade ex entitlement to the big return of capital on Thursday. I wonder if punters will sell down their remaining shares, given threat of de-listing etc.

Will be interesting to see.....any bets?

[zcaprd7] 03/6/2019 00:04

Will take a look, thanks...

[konradpuss] 30/5/2019 18:47

zcaprd7 have you looked at Assetco Plc?

It looks like another PV Crystalox. I think it is not a 'slam dunk' but worth a look.
They have won the legal first round although they might get the case re-heard at the Court of Appeal.

[zcaprd7] 28/5/2019 16:57

20th of June I believe...

[konradpuss] 28/5/2019 15:27

Zoolook sorry if I misinterpreted what you said. I was just saying I don't care which industry/ sector.

[zoolook] 28/5/2019 14:41

I'm not but I am getting worried at how my posts are being consistently misinterpreted

Was it something I said...