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Always when I have bought or sold this share its all ways been lucky for me anyway bought in a couple of weeks ago, I thought last year they would go bust but well lets see !
Can I ask where you found this information, Burg1? In the prelims it says the following: Board decided to return cash to shareholders: - recommending shareholder approval for a cash return to be made in June 2013 http://www.investegate.co.uk/pv-crystalox-solar--pvcs-/rns/preliminary-results/201303210700295130A/ If it is to be decided upon in June 2013 I would have been surprised to learn that the dividend is to be paid in December. I would have thought it would be either in July sometime.
I believe it is to be in December
Hi all. Do we have a time scale for the 7p per share yet. emailed the co. yesterday but no reply. Perhaps it is still a big secret!. Little share price movement and so I guess it remains a while away yet. Any info would be a help. I am sure this company still has legs and shouldn't go pop. Any thoughts from someone in the know?! Did the Chinese dump massive amounts prior to the 7th? Perhaps they have a back door for their excess production - who knows. If you do let us know!! Any PVCS info to base a strategy on would be helpful, all a bit quiet on here.
is being held down recently, I'm looking to see the impact of the US jobs data at around 13:30, this may have a impact on the sp and slowly move it closer to the milestone of the teens. It seems the small problems have the largest impact. Trade war with China is also the main worry, the Euro needs China more than we need the US!
Hard to know what's going to happen here. Next news release about the time of ex-dividend will see a rise, but not to sure by how much. The future looking brighter and as I said before will be an interesting few months. I'm here for the long term as I like the way PVCS deals in business & like the company directors have a large number of shares so they will mostly always do their best for the shareholders like us. IMHO & good luck everyone.
And? Still not in teens? Wanna try another date?
I'm a fan of this company at any price. Teen prices are now a total no brainer.
are getting higher, we cant be all wrong about this one. Looking strong, should here some news, reading up a lot on pvcs, the good outweighs the bad. Only a thought, but 14p is on the cards. 7.25p dividends? Cant be right?
Very good news and gives PVCS some breathing space & should help us be cash positive for this year. Its been a long couple of years, but it looking better now. Lots happening in the next few months & hope we are kept informed with everything from the BOD. IMHO and good luck everybody.
Import duties confirmed to be imposed as of 6th June. Good News for PVCS. http://www.bbc.co.uk/news/business-22766639
Link about Europe and China - http://uk.reuters.com/article/2013/05/28/uk-eu-trade-china-idUKBRE94R0B320130528?feedType=nl&feedName=ukdailyinvestor
The European Union has published a plan to impose tariffs ranging from 37 to 67 percent on Chinese solar panel manufacturers beginning June 6. The tariffs are aimed at protecting European solar companies from unfairly priced imports from China. Subsidies from the Chinese government have allowed Chinese companies to offer pricing that is impossible for European producers to match. China’s imports to Europe have sharply increased during the last six years, going from almost nothing to taking over 80 percent of the European market by 2011. Several European manufacturers have stopped production or shut their doors as competition from China has driven down prices. The action from the European Union, which is similar to a measure already adopted in the U.S., is expected to level the playing field, allowing the European solar sector to continue to grow, offer quality job creation and promote research that is important to the future of society.
Great news if confirmed future looking very bright for PVCS seball 20 May'13 - 22:11 - 4905 of 4905 0 0 edit Good news for PVCS if confirmed... http://www.nytimes.com/2013/05/21/business/global/us-and-european-union-set-to-negotiate-settlements-in-chinese-solar-panel-cases.html?pagewanted=all
This is priced to go bust which it clearly isn't. Good luck http://www.pv-tech.org/news/pv_crystalox_in_talks_to_sell_polysilicon_plant
Me too slight tick up today, still can't beleive how cheap these are. effectively they are 4 p ashare IMO
Under radar happy to beable to increase my holding at these prices.
Am new to this company share. Is that correct? Management returning cash of 7.25p to shareholders. How and when will it happen? If I buy more will the shares benefit from this cash return? Is that a div. payment out? - not really isn't it as co. not in profit. Advice appreciated. Thank you.
After doing some more research I will be taking advantage of the shares next week. 2013 could be the turn around for PVCS turning cash flow positive. 6th of June vote on chinease dumping could rerate PVCS
I'm not sure if many have realised that management have updated their guidance regarding cash flows for 2013. Previously, it was stated that the target was for cash flow neutrality for the year. However, looking through the presentation released on 31st March, this appears to have been revised upward: Outlook slides: - Generation of positive cash flows in 2013 Here is the link: http://www.pvcrystalox.com/media/pdf/2012%20PVCS%20Prelim%20Results%20-%20analyst%20presentation%2021%20March%20FINAL.pdf Sounds good to me. GLA
Hope you're right. Been in since 2010 and sitting on big paper loss ATM. Not an issue for me though, but would be nice in blue rather than red!! GL
IC Article cont The problem facing the company, and one which I underestimated when I advised buying the shares two years ago, has been savage price cutting by Asian rivals resulting from both overcapacity in the industry and oversupply, primarily from China. In turn, this has led to a 77 per cent plunge in spot wafer prices since April 2011 - taking them way below industry production costs - which has forced PV Crystalox to take some dramatic action itself. In fact, following a strategic review, the company has discontinued its polysilicon production facility in Bitterfeld, Germany to cut cash losses there of €9m a year; and substantially cut production at its UK ingot and German wafer operations. These actions will mean large job losses both in the UK and in Germany, but it also means that the cost base of the ongoing operations will be reduced to enable the business to hopefully be cash neutral in 2013 as the company adopts a cash preservation strategy. That's important because, at the end of June, PV Crystalox was sitting on €122.3m (£102m) of net cash in the bank - more than double its own market value of £50.5m and representing a large chunk of its net assets of €192m (£160m). The company also has other substantial assets including plant and equipment valued at €58m and inventories of €46.6m. True, we can expect some significant asset writedowns when PV Crystallox next reports full-year results at the end of March, but even taking these charges into consideration (as well as the losses incurred in the second half of 2012), there is scope for share price upside if the company does manage to turn cash-neutral this year. In fact, we don't have long to wait for a share price catalyst as management has already said that it will make an announcement in the second quarter regarding a return of cash to shareholders. Analyst Andrew Shepherd-Barron at broking house Peel Hunt has placed a liquidation value of £53.8m on the company, or 13p a share - 7 per cent above the current offer price of 12.15p in the market (correct at 9am on 21 January 2013). However, that could prove conservative in my view and the risk still looks weighted to the upside given that the board is committed to returning cash to shareholders. Not for widows or orphans, but PV Crystalox's shares rate a highly speculative trading buy on a three- to four-month basis and I have a target price of 16p a share which if hit would provide us with 30 per cent upside.
IC Article from Feb Seeing the Light: I am currently researching my 2013 Bargain Shares portfolio, which will be published in early February. Not only does this involve screening the whole of the London market for hidden gems where the value in a company's assets is not being adequately reflected in the valuation investors are attributing to its equity, but it also involves a fair degree of stockpicking on my part, too. That's because many companies appear lowly rated for a very good reason and realistically also lack a catalyst to change the apparent undervaluation. In fact, every year I rip through the annual report and accounts, trading statements and broker notes on around 50 companies during a three-week period at this time of year while researching my annual Bargain Shares portfolio. Having gone through this lengthy process, I then whittle this number down to 10 stocks, which must not only offer great value but importantly have a realistic chance of re-rating over the following 12 months. This process involves a great deal of work on my part, but this balance sheet approach to investing has been well worth doing and has undoubtedly stood the test of time. In fact, over the past decade, an investor would have generated an average annual return of 16.8 per cent by buying each portfolio and subsequently reinvesting the proceeds into the next portfolio the following year. To put that into perspective, an investment of £10,000 in February 2003 would now be worth over £47,000, which compares rather favourably with the same investment in the FTSE All-Share which would now be worth £26,411 including the reinvestment of dividends. In other words, my Bargain Shares portfolio have generated a return double the 8.4 per cent on the benchmark index over a 10-year period that has covered two bull markets and one savage bear market. That's not to say that my Bargain Shares portfolios are sure-fire winners every year. No investment technique can ever guarantee that and I have had two bad years in the past decade: in 2008 when the stock market crashed and, in 2011, when heightened risk aversion meant small caps were largely shunned again by investors that year. But if you take a long-term view when it comes to investing in equities, then the rewards can be significant from following this particular investment strategy, even after factoring in those two down years. Moreover, there is always scope for share prices to recover after a bad year, which is why I am revisiting the investment case of solar-wafer manufacturer PV Crystalox Solar (PVCS: 12.15p), a company that proved an unmitigated disaster in my 2011 portfolio. The problem facing the company, and one which I underestimated when I advised buying the shares two years ago, has been savage price cutting by Asian rivals resulting from both overcapacity in the industry and oversupply, primarily from China. In turn, this has led to a 77 per cent plunge in spot wafer prices s
"Little chance of getting a divi if you're not already in. IMO" Not true.
Been watching What is the ex Dividend date?