Pv Crystalox Solar Share Discussion Threads

[cjohn] 28/12/2018 10:48

In my experience, the availability of large amounts of cash tends to convince managments that they are genius investors….

[zcaprd7] 17/12/2018 20:27

I don't think there is a pension?

[zcaprd7] 17/12/2018 14:38

They said a decision by the end of the year and they've been very straight so far...

[meijiman] 17/12/2018 14:25

Main thing here is to keep the ceo in a salary and pension....

[pejaten] 17/12/2018 14:02

You can only hope that the present awful market conditions will make them drop any idea about wasting money on acquisitions.

[zcaprd7] 14/12/2018 10:31

Are they really going to leave this until next week?

[cjohn] 11/12/2018 16:23

Surely, yes.

They must be aware of the political risk affecting sterling.

[zcaprd7] 11/12/2018 02:09

I hope the payment has been sat in the euro denominated bank account!

[zcaprd7] 05/12/2018 10:58

Indeed, I suppose the delay on the award has rather played into their hands (allowing the wafer rebate to be negotiated at a lower price).They said it will all be sorted by the end of the year, so not sure what the hold up is now?

[cjohn] 05/12/2018 09:57

By the way, I haven't bothered following the price of polysilicon and wafers for some time, given that PVCS no longer have a relevant business.

I took a look today and was shocked by how much further both polysilicon and wafer prices have fallen. At these prices, even the most competitive producers of polysilicon and wafers will be losing money hand over fist.

[zcaprd7] 04/12/2018 23:57

I've had a Google and couldn't find anything, the name implies special situations though, so hopefully they can apply some pressure...

[ivtech] 04/12/2018 19:24

Enlighten us please, Bardon Hill?

[zcaprd7] 04/12/2018 17:15

Who are these Bardon Hill chaps then?

[cjohn] 03/12/2018 09:33

You are right, zcaprd7, that it makes no sense to do anything other than return cash to shareholders (including themselves).

But, sadly, my experience of such situations is that managments are often seduced by a mis-placed belief in their own brilliance, and do the wrong thing and destroy value.


let's hope this management shows integrity and respect for minority shareholders.


If they do, the current share price is a steal, of course!

[zcaprd7] 02/12/2018 21:19

What makes you say that? They've played it with a pretty straight bat, and hold equity themselves... If they want to do fancy things, they can join the mbo of the German outfit for £1.

[meijiman] 02/12/2018 11:30

Yes..it will be a disaster.....guaranteed....

[cjohn] 02/12/2018 07:35

Yes. That one's out of the way.

The next obstacle is the risk that management waste our cash on an acquistion.

[zcaprd7] 30/11/2018 11:26

Money in, phew...

[zcaprd7] 21/11/2018 14:21

They get paid next Friday, so hopefully this little run will continue...

[zcaprd7] 19/11/2018 12:12

I certainly hope so!

[buywell3] 18/11/2018 00:58

Have the days of Crystalox crystallized ?

[cjohn] 17/11/2018 12:53

Ah, yes, I've liquidated one or two of the British companies I hold.

The majority of my holdings are in foreign companies that aren't affected directly by Brexit. Or even benefit from weak pound.

[zcaprd7] 16/11/2018 10:06

Indeed, I am holding this instead of cash, been liquidating my other holdings...

[cjohn] 16/11/2018 09:44

Even better then, if May doesn't get her deal through and the pound collapses.


PVCS as the hedge to other holdings....