Pv Crystalox Solar Share Discussion Threads

[konradpuss] 10/12/2024 07:57

The Accounts are up on the web site.

This could work out O.K. Final pay out not until 2026.

[gbjbaanb] 02/1/2024 09:01

No. I was hoping you'd go for us all.

Perhaps we'll grab the minutes from them to find they decided to spend all our remaining money.

[konradpuss] 29/12/2023 14:18

After all I have posted, I was unable to make the AGM.

Did anyone go?

[konradpuss] 28/11/2023 08:21

The annual report for y/e '23 is posted up on the company web site.

On a quick review stasis!

I am going to the AGM.

[konradpuss] 28/11/2023 07:16

Good luck, I have never received a response from that address over the last couple of years.

[thirty fifty twenty] 28/11/2023 00:36

thanks Konrad... i've contacted the IR address

[konradpuss] 27/11/2023 18:42

Nothing filed at Companies House.

[konradpuss] 27/11/2023 18:41

I guess they would be registered at Companies House.

I will look.

Thank you.

[thirty fifty twenty] 27/11/2023 18:25

thanks - but i did receive voting notification on interactive investor so i assume that account and notices must be out - though i couldn't see on the website

[konradpuss] 27/11/2023 18:20

30,50,20 he did say before the end of this month.

I too and planning to 'darken their door' in respect of the AGM. Enough is enough.

Picture the scene out of Wall Street when Gordon Gecko takes apart the CEO at the stock holder meeting!

[thirty fifty twenty] 27/11/2023 13:36

hi konrad

did you get the annual report. i cant see anything on the website re the agm or the annual report. very frustrating - plan to visit the agm and find out more about the directors.

[konradpuss] 08/11/2023 17:19

I have today received a reply to my letter.

It states the annual report for the year ending 30th.June 2023 will be sent out before the end of this month.

One hopes that this will set out the final winding up and distribution.

One must live in hope!

[konradpuss] 06/11/2023 20:06

Well as of today a big fat zero of a response.

In a way that might be positive.

[konradpuss] 02/11/2023 09:07

Recorded delivery letter now gone to the Chairman.

Will I receive a response? - I think not. Worth a try in any case.

[konradpuss] 01/10/2023 11:59

Whoops I just noticed my last post was on the wrong board!

Well this post is on the correct board.

Now the company has up to nine months from 30th.June 2023 to file accounts. I believe they are no allowed by company law to extend their accounting period again.

Still no reply from IR at the company. Am I surprised? No.

I am tempted to write a letter to the Chairman.

[konradpuss] 18/7/2023 07:14

A nice £.5 million performance fee. AUM down slightly - a minor fluctuation.

[gbjbaanb] 17/7/2023 07:11

Of course not, just money being trousered.

[konradpuss] 15/7/2023 06:23

If there is anyone following, I called the company this week. The 'phone was answered!

I asked to speak to Mr.Finnegan, the I.R. fellow, who the receptionist had never heard of. She eventually found his email address.

I then sent him an email. Hey presto - a big fat zero.

Is there no accountability in the U.K. any more?

[konradpuss] 27/6/2023 19:53

I wonder if they will announce the liquidation on the last day of June i.e. the last day of their financial year?

[konradpuss] 17/6/2023 15:00

Well not far off the end of June and their accounting year end. I don't believe they can extend after they extended last year.

I am hoping for an update and a liquidation pronto.

We don't want them to get their turkey!

[rainmaker] 30/5/2023 20:57

Hi Konradpuss, I think you're right. Last looked at the Company website a few weeks ago and there're still advertising a matched bargain basis share dealing facility through Asset Match but the Broker states on its site that this service has been withdrawn at the Company's request so presume PV Crystalox haven't update their site. Aside from the distinct possibity that a voluntary liquidation may be close and hence the reason a share dealing service will no longer be required, the Company may also be concerned that some Investors may be able to potentially profit from private information so there're closing that door to prevent that possibility.

regards

RM

[konradpuss] 30/5/2023 18:57

Year end 30th.June coming soon.

On a quick look at Companies House, a new director was appointed in January.

Dr.Peter Finnigan. From memory he has previously been a director and has a stake and is an accountant.

Does this help them get on with a distribution?

Who knows.

[rainmaker] 11/5/2023 22:39

hxxps://assetmatch.com/app/OurCompanies/CompanyProfile?companyId=1533

[rainmaker] 09/5/2023 13:30

Thanks Konradpuss, when I last looked, they had net assets of 89p a share and the directors had gone part time, with reduced remuneration and I calculated cash burn of 6p pa. It's obviously a classic Value Investing tenet of conservatism to give no value to the business, creating a further margin of safety but the business obviously has a demand for its services, hence its creation to cater for those Customers and we can surely expect it to be trading profitably. Value has been created so I confidently expect that to be recognised in the sale price.The business may well have intellectual property and whilst it's understandable to give no weight to its value as a business in our analysis, I don't think its realistic that the business will just fetch net asset value. However what should happen and what does happen are not always the same thing.

Whatever happens I believe we will be fully vindicated for not joining the mad rush for the exit at circa 30p prior to delisting.

regards

[konradpuss] 08/5/2023 17:14

Rainmaker (I hope you are!), I worked out a circa 75p return on the basis of zero for the business. I am counting the cash less their sticky fingers (read salaries and overheads)and from memory a £500k payment coming in/come in from one of their former clients in the way of a settlement.