Share Name Share Symbol Market Type Share ISIN Share Description
Pv Crystalox Solar Plc LSE:PVCS London Ordinary Share GB00BJ0CHQ31 ORD 3.0206P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 51.00 0.00 08:00:25
Bid Price Offer Price High Price Low Price Open Price
50.00 51.50 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.45 -2.06 -2.71 4
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 51.00 GBX

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Date Time Title Posts
01/8/202019:42PV Crystalox - Solar Wafers made in the UK (with charts)7,500
05/10/201609:40*** PV Crystalox ***7
11/3/201417:00just a test to get the news - please ignore3
11/3/201416:59PV Crystalox Solar: the Value Thread172
11/3/201416:59PV Crystalox - Solar Wafers made in the UK357

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Pv Crystalox Solar (PVCS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-03 14:37:3950.0042.00AT
2020-08-03 14:10:1550.00178.50O
2020-08-03 11:29:3851.4810,0005,148.00O
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Pv Crystalox Solar (PVCS) Top Chat Posts

Pv Crystalox Solar Daily Update: Pv Crystalox Solar Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker PVCS. The last closing price for Pv Crystalox Solar was 51p.
Pv Crystalox Solar Plc has a 4 week average price of 45.60p and a 12 week average price of 39p.
The 1 year high share price is 78.50p while the 1 year low share price is currently 33p.
There are currently 7,285,408 shares in issue and the average daily traded volume is 13,089 shares. The market capitalisation of Pv Crystalox Solar Plc is £3,715,558.08.
konradpuss: zcaprd7, I must say I am relaxed here, even if the share price is not currently reflecting the cash on the balance sheet. No surprise that, cough! cough! Eventually, they will distribute. I might even go to the AGM to see the 'whites of the management's eyes'!
hedgehog 100: Year end 2019 net cash was EUR8.6, down from EUR 9.6M. at the end of the half year. That is an annualised cashburn of EUR 2M. p.a. And the liquidation process could take until about the end of 2021 or later: "As our ability to accelerate the liquidation process is limited and also economic considerations make such action unfavourable, our focus is on minimising the cash burn during the next 12-18 months while the outstanding issues are resolved." There are also uncertainties about receipt of the EUR 0.9M. payment, and potential tax liability. Then there are liquidation costs. Even the £2M. payout (which would just be 27p per share) isn't guaranteed: "The GBP2 million is dependent on receiving EUR0.9m from customers relating to historic settlements that are not recorded in the balance sheet as receivables at 31 December 2019. If the EUR0.9m is not received then the return to shareholders will be reduced accordingly." So I would say that an aggregate '£1 payout' (per share) is pie in the sky. (£1 per share is about £7.3M., or about EUR 8M. at current exchange rates.) Any additional payout on top of the hoped for £2M. is likely to be very disappointing, not for quite a long time, and would be made outside of ISAs if the shares are delisted. So at a market cap. of about £3M., at about 40p, the shares don't look good value. Now we know why a director sold in January.
zcaprd7: Still sat on 8.6m euros... What's that in share price equivalence?
zcaprd7: Also, not too much to report here either?The share price has recovered a bit after the initial drop off though I guess...
konradpuss: EezyMuuny, O.K. put your number on what is left after the distribution in pence based on the existing share price. You know where zcapr7 and I have put our marker - 30p. We can then relax and see it all play out.
zcaprd7: Well, I've maintained the whole lot is worth 30p a share, so if they return 24p, that's 6p left to play with.In the basis of the current share price, Mr. Market is valuing the remainder at 2p a share.As the consolidation shouldn't impact the current price (just change the market cap) I'd say 75p is fair game on the leftovers.If there is a drop, then full your boots I guess...
salpara111: Well, I am going to hold onto my residual holding as I do believe there is still more value to be released than is shown in the current share price. It would make a perfect shell for another business to reverse into for the listing. The current share price has effectively no downside given that we are getting 24p guaranteed.
cjohn: Hello zpcaprd7, You asked whether the two parties will have seen the draft judgement. My understanding is as follows. The two parties WILL have seen the draft judgement. There is a draft judgement, precisely so the two parties CAN read it over and draw attention to any (material) factual errors on the part of the arbitrators. Say the final judgement was published without a draft, and there turned out to be a material inaccuracy; this could lead to appeals against the judgement (and in some cases invalidate it.) The use of a draft judgement avoids this pitfall. The two parties are strictly forbidden to reléase the contents of the draft to third parties; there is a strict legal embargo. Ooly a handful of figures on either side will know the contents of the draft. Breaching the embargo can lead to claims for damages; so it's in no-one's interest to leak. I hope this is of some help. I do not believe that any minor ups and downs in the PVCS share price in the last couple of weeks are linked to a supposed leak of the draft judgment, (whether a positive outcome for PVCS or a negative.) The general trend in the last few weeks has been upwards as might be expected given the approaching deadline for any award. In view of the previous behaviour of the opposing company, we might expect them to procrastinate right up to deadline for checking the draft judgement. But this is speculation on my part. All the best CJohn
hedgehog 100: As well as the wealth of the Qataris and the negotiating skill of PVCS'S management, there are also other reasons to be optimistic regarding any PVCS sale negotiations: PVCS's strong bargaining position: - Strong cash position = not a forced seller. - Likelihood of more than one interested party (e.g. QIA, Isofoton of Spain, the Chinese) = possible bidding war. - Relative scarcity of top quality solar production facilities available in Europe. - At or near the market bottom. The resiliance of the PVCS share price (up 2.44% today to 7.99p). - Despite the lack of hard PVCS news recently (as opposed to 'scuttlebutt' and industry news). - Suggests that the post interims presentation was positive, and that big institutional investors are happy to hold for indicated positive progress. The very healthy Q-Cells sale price. - Bought from insolvency for US$323 million net including debt. - Purchase prices from insolvency are typically lower than otherwise. The sale of PVCS's currently unused Bitterfeld polysilicon production facility would be a logical first step: empirestate 4 Sep'12 - 08:16 - 4652 of 4668 "i think we can safely assume that it starts up. it would be a different matter if the company didn't have any cash to put Bitterfield on care and maintenance. my crystal balls says euro40m" 40 million Euros would be well under half of what the facility cost, and as such would represent quite a bargain at that price to a purchaser, but that sum would still equate to about the current PVCS market cap. at about 8p. In theory therefore such a deal could cause the PVCS share price to double, as the stockmarket currently appears to be attributing no value to the facility. And that should be just for starters, with the possibility of more asset sales, as well as additional compensation settlements.
hedgehog 100: Hi everyone, Just a reminder that The Dart is an embittered troll who is not to be trusted. I copy my post 4611 from this thread as an example - Hedgehog 100 28 Aug'12 - 18:18 - 4611 of 4637 edit "This is the icing on the cake that shows that Dart is not to be trusted - PV Crystalox - Solar Wafers made in the UK (with charts) - PVCS THE DART - 20 May 2012 - 10:17:27 - 4279 of 4611 "Fine, just making sure people don't read that as less compensation due, until an agreement is reached of course were not sure how much, but if it is similar in level of compromise relative to volume/price, then the numbers suggest in aggregate it will be more than 90m, whilst we are clear individual deals will be less than 90m. Looking at the achieve price in the accounts to spot, it implies a mix of "fixed" deals, allowing for mix in territory, it is not possible for it only to be one territory and we know it is few deals..." THE DART 28 Aug'12 - 07:14 - 4606 of 4610 "...I fully accept PVCS will win another slice of cash (but with it lose more sales), but I'm anticipating the second customer they refer to will not be able to pay, I can only estimate the size of it is will be around 15m-20m no more, judging by,their previous annual reports showing mix of business, and comments they made about the 90m...." He is priceless, absolutely priceless ..." Just over two weeks ago, the Dart incorrectly thought that the PVCS share price would fall back because no special dividend was announced at the interims, allowing him to rebuy at a profit. He clearly called it totally wrong. Intelligent investors know that announcement of a PVCS cash return is intrinsically linked to the company's ongoing strategic review, so it would be premature to have announced it yet. It's certainly got nothing to do with lack of cash, as the Dart has absurdly suggested. So, in his ever-increasing desperation, his posting has become increasingly desperate too. Arguably, by posting false information, he is trying to create a false market, which is quite frankly sickening. But the saving grace for other investors is the Dart's sheer stupidity, because he is quite simply not very good at it. Nothing he has posted has indicated that future operating losses will be higher than what is expected, and investors know that. It is all smear and innuendo about nothing: a veil of vague worries which he is trying to bring down which when pulled back has nothing of substance behind it. But in any case, the preliminary results due next spring will be overtaken by events long before that: it's short term newsflow which will be the main share price driver in the final third of this year, which we are about to enter, not long-term operating results, important as they are. The Dart is now quite desperate: he knows that he has to buy in imminently to avoid missing out, and is desperate at the resiliance of the PVCS share price. Enjoy watching this troll squirm ...
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