Pv Crystalox Solar Share Discussion Threads

[konradpuss] 16/8/2020 19:23

zcaprd7, I read this this morning and thought exactly the same.

How are you minded to vote or are you still contemplating?

[zcaprd7] 16/8/2020 16:06

How about reversing this lot into the listing?https://www.theguardian.com/business/2020/aug/15/uk-firms-solar-power-breakthrough-could-make-worlds-most-efficient-panels-by-2021

[zcaprd7] 06/8/2020 09:20

It's on the website now, under meetings:http://www.pvcrystalox.com/investor_relations/shareholder_information/meetings_and_voting/

[konradpuss] 05/8/2020 18:26

zcaprd7, nothing back from Schroders as yet. I was in the City this morning and it was very quiet. Perhaps there is nobody in Schroders offices!

I will request the circular from my brokers.

[zcaprd7] 05/8/2020 11:09

Excellent - anyone managed to get hold of a circular yet?

[konradpuss] 01/8/2020 18:42

zcaprd7, I have emailed Schroders to ask which fund manager deals with their PV holding.

Let's see if they respond.

[zcaprd7] 30/7/2020 10:05

No, nothing from Hargreaves either...

[konradpuss] 30/7/2020 04:30

The RNS refers to the offer documents being published later on the day the RNS was released.

I cannot find it on their web site. If you hold the shares direct they (the company) should have posted it out to you. I still hold my shares through my broker. I will ask them if they have received the offer documents.

[konradpuss] 29/7/2020 20:55

zcaprd7 have you tried the RNS.

I will look tomorrow.

[zcaprd7] 29/7/2020 20:34

Can't find the circular on their website?

[konradpuss] 29/7/2020 11:15

zcaprd7, I wiil read the circular again fully and let you know.

[zcaprd7] 29/7/2020 09:40

Be interesting to know what he's doing for the tender? Have the directors discussed their intentions in the circular?

[konradpuss] 29/7/2020 08:50

'Barry' draws no salary/directors fees so what's in it for him?

I still think take a bit, leave a bit.

[gbjbaanb] 29/7/2020 08:23

When I looked there was another chap Barry Garrard who used to be a director and also has 10% so you have to assume he is likely to vote the same way.

It's a risk all in all, you have to decide if they will release all the money in which case you should keep all your shares, why sell £1 for 25p? If you think they won't, or they will get caught up in legal problems, then tender them all.

[konradpuss] 29/7/2020 06:11

gbjbaanb, now when I last checked the only director with a significant share holding was the chief exec. at circa 10%. Am I missing something? So if he tenders no shares he goes to circa 20%. That is not control. O.K. he might have a mate or three.

If you believe the management, once the German tax inquiry gets settled there will be a final distribution.

My question and the answer from the 'employee' about honesty of the management and their previous actions gives me some hope.

[gbjbaanb] 29/7/2020 01:31

Tender all your shares or none.

After the tender offer is complete, the directors will have a lot more shares than the rest of us, and then they will be able to block anyone trying to stop the company dissolving. So it will go private and your remaining shares well be worthless.

I think the only real option here is to accept what we can, or to go all out to get the rest of our company converted to cash, but even then I think it's going to be an impossible problem, directors (and ex directors) hold almost enough.

Then they pay themselves large salaries and slowly all your remaining equity drips away.

[konradpuss] 27/7/2020 20:46

zcaprd7, I could not have put it better. Still tendering 50% of my shares mind.

[meijiman] 25/7/2020 20:30

Ok..will do that. Was more or less what I was thinking.

[konradpuss] 25/7/2020 20:24

meijiman - take the cash on offer for 50% of my shares and then be patient.

[meijiman] 25/7/2020 20:08

Also I have a decent position in Verditek.....which has been very rewarding so maybe I haven't lost interest completely in solar!

[meijiman] 25/7/2020 20:06

What do you intend to do konrad? I lost interest in following this industry some time ago. I am aware of the Chinese issue...not why it has taken so long to get to this stage whilst the ceo is getting paid.

[konradpuss] 25/7/2020 19:30

meijiman, I have only closely followed the management for circa two years. They have been in an industry that was initially good then they met the Chinese who 'gamed' the industry by reducing prices and subsidising to drive all competition out of the business and most out of business.

How can you compete with the Chinese government?

I think calling the management 'duffers' is wrong - now slow and lead footed - yes!

As to 'going again' then just tender all your shares - you will certainly get 50% away.

[meijiman] 25/7/2020 19:02

Their track record is duffers..why go again with a failed bunch?