The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Good news. An amicable arbitration agreement would be a good way forward. PVCS would not get the maximum payout but would get a guaranteed payout and possibly staged over 12 months. Or do what jagee says and get the co to buy PVCS. This share should not drop in price from here. (famous last words!!) GL buyers and long term holders.
Quote 'The judgment of the arbitral tribunal is now expected in early 2017 and while the outcome is uncertain, the value of any award if our claim is upheld could be a multiple of the Group's market capitalisation.' So that Company is probably going be forced to pay out a colossal amount to PVCS and end up with nothing but burnt fingers. Surely much more sensible to buy out now then they own PVCS and no court case? Then instead of having nothing for their money they own this Company. Where's the flaw in my reasoning, please?
net cash 24 million, market cap 32 million. Not too bad as a future investment? Just showing a break even point with PVCS shares, after years of head under water. Happy that head is now not in the sand, but who knows!
worth you people reading Simon Thompson's article in the Investors Chronicle issued yesterday. Not in this but his main line of argument concerns the likely resolution of a contract dispute between PVC and one of the world's leading photovoltaic companies. Should the outcome of arbitration in 3 months time go PVC's way, the board anticipates compensation could be multiples of the company's market capitalisation. Sounds interesting and worth watching at least.
Sorry Debs, you can't kid a kidder. I got out with big losses. I should have held to mitigate my losses, but recent SP prices are not justified in my opinion. I still think this company will soon be history. This company is now merely a repository for the dispensation of hot air, otherwise known as bull. Any remaining holders here are being systematically relieved of any asset they had. AIMHO of course. Ps I just also lost £5k on the Solar Cloth Company, who were crowd funded and seem to have burned thru all the cash they raised in about one year. Similar but more protracted story here, I should say.
that is all this is. Just look at the cash ebbing away yr by yr. Where to? Once the cash has gone the company will be wound up, when it should have returned millions to shareholders when it realised it could not compete on the global market. The annual report is 70 odd pages of total obfuscation and humbug. Shame on the people responsible.
Good steady upwards progress with PVCS share price, a reward for long term holders?! yes still with head below water and dreaming of good times to come!! Quiet on this board!
Onerous contract provisions reduced by £15.5m to nil but still manage a £13.8m loss. Salaries costs increase by 27.6%...we need to wait for the directors remuneration report to see how much of this they pocketed. £179k to the auditor... The future looks rosy though because we have written down assets that can substantially increase production in the future.
Unbelievably all the same comments again. The review continues whilst money that should have been returned to shareholders years ago is spent like confetti. Almost made anGROSS loss. Criminal use of shareholders money. This is just a repository for directors own use.
The review period. IE Sit in your backside, wait and see, and keep drawing big salaries for nothing. Full of hot air. How can they need longer to review. Reviewing is a constant "given" in any business.! That is not even a course of action.
The review period. IE Sit in your backside, wait and see, and keep drawing big salaries for nothing. Full of hot air. How can they need longer to review. Reviewing is a constant "given" in any business.! That is not even a course of action.
You shd go first imvo
reduce human population humanely compassionately systematically year after year decade after decade ..otherwise doomed Amen
workers/workers from country of origin perhaps leading to labour shortages
perhaps economics GCSE would help
Unfortunately you may be correct.
No need for board to "undertake a review" . This company cannot and never will be able to compete. Should have got out and returned shareholders money ages ago. Supposed to have been in cash conservation mode for years, but still cash is frittered, salaries are p a id for doing what? They will j u st keep paying out until all funds have been depleted. I could do that. LOL.
Well this hasnt got many buyers, i think solar is the future but does that mean you should buy a small solar producer, not too sure on that...
Some would say nuclear is the future
Solar is the future, however it still has far to go before it can really take off, I want to see cheaper costs and more advanced technology leading to better energy yield, having said that, I would not buy these shares ONLY because of what is happening in China. Huge investment in solar out there and exporting it which will put western solar companies out of business. The tariffs imposed is a great move by EU and USA to protect their solar companies, it's a shame they didnt do it on more imports from Asia, maybe then aggregate demand in UK and Eurozone will pick up and we will be able to pay this debt off. IMPORTS FROM ASIA IS OUR OWN DOWNFALL - we should super-tax Asian imports which will be great for job creation domestically
Perhaps a little more confidence returning to PVCS with the resolution of the arbitration and the possible shortage of silicon wafers. We have been treading water for a long time and it would be good to move away from bargain basement levels into a grown up company once again. The release of company numbers would take the guess work out of the game , so here is hoping. Yes still holding! At buy in levels now with the latest news? It does at a little to available research. Good luck all.
+ve solar prices in China... the quote below is from a daily email to investors sent today by the CEO of a China-based private equity fund, Origo Partners: " Solar stocks. A suspected shortage of photovoltaic panels could send shares of Yingli (YGE) and Trina Solar (TSL) higher. In the last years, oversupply sent prices down, making solar energy more competitive with other resources, hence driving up demand. Spectacularly, some key manufacturers defaulted and thereby removing capacity from the market – most definitely drying capital investment for the (few) survivors. Now that new installations are expected to grow about 30% in next 12 months – we are heading for a shortfall. I therefore think quite a few of the Chinese renewable stocks are in for a run! Other companies on the move include Canadian Solar (CSIQ) and SunPower (SPWR). Following Elon Musk’s Solar City’s acquisition to guarantee supply, I strongly suspect more M&A activity. Interestingly, many observers don’t expect prices to increase (much). Profits expected to come from improved economies of scale…"
I think there is good news in the pipeline, so only a matter of time before you get back your 85%. Good BOD here so not much to worry about, only a matter of time before the share price rises again to what it once was.
this might lead to another special dividend, or return of capital, of 5p or so. However most important is news on current trading, and whether they are managing to sell wafers at greater than cost. Still think has the potential for a significant rebound - although I am 85% down, so I could be deluding myself!
Can that person please buy another one then another one then...... the price may well be realistic by then!