Pv Crystalox Solar Share Discussion Threads

[zcaprd7] 25/7/2019 12:12

I've stayed put for now...

[konradpuss] 20/7/2019 17:27

gbjbaanb there is still a balance sheet.

I do not attach value to the business. As long as it is not a liability. I hope they will just do a final distribution after selling the business to the management or just sell the shell after getting rid of the business.

[gbjbaanb] 19/7/2019 19:14

I'm still in bit it's difficult to know anything until then, is there a business or not, might it be profitable, who knows!

[konradpuss] 19/7/2019 08:01

Next scheduled news mid September for half year results.

zcaprd7, have you stayed pat, sold or topped up since the distribution?

[konradpuss] 18/7/2019 14:28

zcaprd7, no news that I have seen. It has up ticked some today on small volume.

[zcaprd7] 18/7/2019 14:00

Eye, eye, any news?

[zcaprd7] 05/7/2019 11:46

Well, I was quite picky, only one speculative exploration "miner" the rest are all digging it out of the ground and selling it.Some geopolitical risk given the locations of the mines, so I spread it around a few different companies...

[konradpuss] 04/7/2019 20:07

zcaprd7, your call on gold is playing out well and with the economy heading for a technical recession holding cash is a good call as well.

I cannot contemplate gold but I like cash.

[konradpuss] 26/6/2019 20:11

gbjbaanb, yes the £54 million was actually 54 million euros. Ok start with 54 million euros at say 1.11 to £ giving circa £48 million less the £38.5 million distribution leaves circa £9.5 million. The management, although slow have been true to their word.

The management speak of another return of capital. If they do the sensible thing there is a bit of upside here.

[spooky] 25/6/2019 18:21

As a starter i would point out that cash is in Euros and market cap. is in sterling.

[gbjbaanb] 25/6/2019 17:27

So the question now is how much is left over?

IIRC they gave back £38m, from cash reserves of £54m, leaving £16m in the bank. The current market cap is £4.8m (7.2m shares * 66p)

That seems an awfully large difference, am I missing something. Obviously the share price will not re-rate until the board comes up with a solid plan, either selling it all off, or declaring the business is a going concern with customers for its mineral sawing operations.

[zcaprd7] 24/6/2019 09:44

I need some more information on the current setup... Happy to hold the leftovers though.

[konradpuss] 21/6/2019 16:49

Received the 'dosh' today and bought some more. Probably a mistake however time will tell. At least the management did not run off with all the money.

[thaaarg] 21/6/2019 16:05

Nothing received in my Barclays 'Smart Investor' ISA yet.

If I was 'Smart' I wouldn't be with Barclays - they are a complete shambles!

[sarahbudd] 21/6/2019 15:45

ii ...in account but can't withdraw it yet!

[desha] 21/6/2019 14:24

Received mine today - I'm with HL

[meijiman] 21/6/2019 12:19

thought the dosh was to be paid today...no sign of it yet.

[konradpuss] 19/6/2019 16:59

Only a few days left until they distribute. Well that is unless the directors have absconded with the 'dosh'!

Anyone going to buy back in?

[eezymunny] 13/6/2019 15:39

Yes konrad, my estimate is that book value, post capital return and cash burn from Dec 31 til a possible wind-up, is only very slightly above current market cap. But it's only my estimate...very similar to flyfisher's. Things may be a bit better than my estimate or the German ops may flourish and become worth something. But that's too speculative for a tight fisted old dog like me. I'm happy with my exit. Good luck!

[konradpuss] 13/6/2019 15:32

EezyMunny, good luck going forward.

I personally would look at the situation in 'new money'.

I suppose it is just what they do with the cash.

[eezymunny] 13/6/2019 15:11

Yes, very close to my target number. I'm out, never to return, unless there's some evidence of German ops making some money.

[zcaprd7] 13/6/2019 14:59

We are at about 3p in Old money.Or 27p, with the cash included...

[konradpuss] 11/6/2019 13:14

I don't much like the sound of plan 'B'. I would like plan 'A' please!

[zcaprd7] 11/6/2019 12:09

This is all true, but too small and niche for a listed company... It will probably be offloaded via an MBO (hopefully not for £1) and any remainer money returned.Plan b is to use the money to buy other similar operations to bulk up...

[konradpuss] 10/6/2019 20:21

zcaprd7, I think you might have been buying some more today.

I am pondering it.