Pv Crystalox Solar Share Discussion Threads

[zcaprd7] 06/11/2019 20:28

But not the 2 year waiting time...

[konradpuss] 26/9/2019 18:59

I like the comment that they might recover a further one million euro from another miscreant.

Patience is a virtue with this management.

I like the fact they seem to be very straight.

[konradpuss] 26/9/2019 18:14

zcaprd, I have only read the sound bites which I like.

I think it will be another six months then a final cash return and the spin off of Germany and a delisting if they cannot sell the shell.

[zcaprd7] 26/9/2019 17:47

Doesn't this imply no cash burn?The Group's net cash position at the end of the period was EUR9.6 million, which was EUR44.4 million lower than the net position of EUR54.0 million at the start of the year. This was primarily due to the return of capital which returned EUR44.1 million to shareholders.

[zcaprd7] 26/9/2019 13:49

I will have a proper read later, but this caught my eye:"A capital return of GBP38.5million (which was the maximum possible under a capital reorganisation)"I'm pretty certain they didn't mention that it was the maximum at the time?

[gbjbaanb] 26/9/2019 13:48

Of course a lot is vague, they don't know themselves what will come about. I reckon the most likely is a management buy out of the German business and what's left will be returned to shareholders as cash.

[eezymunny] 26/9/2019 11:23

Indeed flyfisher but "a further limited cash return" is all pretty grey IMO...they have a habit of being a bit opaque but generally doing sensible things, so who knows?

You're usually more right than I am on these situations :)

[flyfisher] 26/9/2019 11:08

Quite possibly Eezy.

But what is the residual business actually worth, about 600k annual revenue and growing, plus about 400k r&d work, all plant fully written down, premises issue sorted.
Also, as the cash burn should slow with the board salary reductions, could we have another cash return of perhaps E7m.

[eezymunny] 26/9/2019 10:44

Maybe flyfisher

I reckon you're a bit on the optimistic side. Contract gain spread over 2 years it says. All looks a bit slow and upside not clear to me. Will keep watching for an entry point. Good luck...

[flyfisher] 26/9/2019 09:19

Poor trading and slow progress, countered by premises consolidation and a potential legal gain which should more than cover the next 6 months opex.

No change to my view of delisting, a token sale of remaining ops and an ultimate return to shareholders of 95p.

[eezymunny] 26/9/2019 08:34

So TNAV c. £7.3m and presumably falling as the German ops are very small and corporate overheads bloated for now. Market cap c. £5m at 68p.

In any sane world they'd give the Germans £1m, distribute remaining cash, wind up the parent and distribute shares in German ops in specie. But they seem determined to soldier on.

Don't think I can be tempted back but may be a bit of upside from here?

Don't care for "It should be noted that as the Group is a Standard listed company no shareholder approval is required for delisting". Suggests that may be their favoured outcome?

[konradpuss] 25/9/2019 18:22

Don't like the dip today.

Maybe they have decided to buy another P.V. business!

[konradpuss] 25/9/2019 10:11

Results tomorrow. I got that direct from the IR at the company.

[konradpuss] 18/9/2019 18:00

zcaprd7 maybe the directors have 'legged' it off with all the dosh never to be heard of again!

It must be tomorrow or Friday?

[zcaprd7] 17/9/2019 10:28

You'd think so, anyone tried emailing them?

[konradpuss] 16/9/2019 18:05

So any time now.

[zcaprd7] 16/9/2019 17:55

14 September last year?

[konradpuss] 13/9/2019 20:57

Help here!

I cannot find the date of release of the half year figures on the PV investor web site.

Is the date there and I am missing it?

[zcaprd7] 12/9/2019 13:11

Not much volume, but travelling in the right direction...

[konradpuss] 09/9/2019 16:20

I tried to buy a final few more today. Almost no stock available.

[zcaprd7] 08/9/2019 12:35

MBO of the German ops, then closure and distribution... They will probably make a song and dance about how lucky we are to offload the German bit for 1 pound as well!

[konradpuss] 07/9/2019 13:43

zcaprd7, see, you are above my paid grade, thank you.

Well is it that tight? If it a final winding up with the ultimate distribution, I guess a few 'professionals' are working on the docs. Could even be a possible reverse take over. We will find out shortly.

[zcaprd7] 07/9/2019 13:00

Zoolook means, it's a tight ship in terms of leaking out news, so to get this price movement on nothing, is a bit unusual?

[zcaprd7] 06/9/2019 22:57

Unfortunately not, although I still hold a fair few post distribution...

[konradpuss] 06/9/2019 20:24

zoolook, I am puzzled with that one!

It's probably above my 'pay grade'!