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After yesterdays volume of trades I wondered if there were rumours of a takeover. It usually leaks out well in advance. Today I'm not so sure.
As a basically german company,this is a fine long term hold.
POP
Don`t forget pvcs is a liquid company
German and Aus subsidies are being cut and BP are terminating solar involvement. I think they are looking to next generation technology for improved efficiency.
Solar PV Wafer Weekly Spot Price Item High Low Average AvgChg AvgChg% 156x156 mm Multi PV Wafer 1.45 1.15 1.246 0.006 0.48% 156x156 mm Mono PV Wafer 1.90 1.60 1.763 0.003 0.17% 125x125 mm Multi PV Wafer 0.80 0.66 0.708 0.004 0.57% 125x125 mm Mono PV Wafer 1.06 0.89 0.998 0.002 0.2% Unit: USD Last Update: 2012-02-22 Solar PV Cell Weekly Spot Price Item High Low Average AvgChg AvgChg % Solar PV Cell Price Per Watt 0.64 0.45 0.500 0 0% 156x156mm Multi PV Cell 2.70 1.80 2.080 0 0% 156x156mm Mono PV Cell 3.30 2.10 2.472 0 0% 125x125mm Multi PV Cell 1.60 1.06 1.228 0 0% 125x125mm Mono PV Cell 2.00 1.20 1.490 0 0% Unit: USD Last Update: 2012-02-22
According to PVCS last interim results, PVCS 2011 target costs for 156x156 wafers are 0,5 € per Watt (0,65 $/W). The actual spot price is arount 0,35 $/W ...
Taiwan solar wafer makers plan to hike prices in March Nuying Huang, Taipei; Jackie Chang, DIGITIMES [Tuesday 21 February 2012] Leading Taiwan-based makers of polysilicon solar wafers, viewing that orders are on the rise and current prices are lower than production costs, are negotiating with clients for an upward adjustment in quotes from US$1.25 per 6-inch wafer currently to US$1.30 in March, according to industry sources. Taiwan-based solar wafer firms have been trying to increase quotes from December 2011 as demand has been showing signs of a rebound. As the current price is lower than production costs, solar wafer firms hope the increase will provide them with some breathing room. The low price of solar wafers has been causing many firms to exit the market. Germany-based Schott Solar announced that the firm will focus on solar modules and systems in the beginning of 2012. The firm no longer desires to invest in upstream segments. Norway-based integrated solar firm REC has been adjusting its capacities for solar wafer and cells since 2011. LG Electronics has is said to have temporarily put on hold a solar wafer capacity expansion investment of KRW400 billion (US$356 million). LG halted polysilicon investments of KRW491 billion in 2011. Altogether, the firm has suspended investment plans into upstream segments worth close to KRW1 trillion. China-based solar firm GCL-Poly also decided to terminate plans to expand capacity and add new plants in 2012. Taiwan-based solar firms have been experiencing increasing orders but terms have been less than desirable. Industry sources noted that orders from China-based firms tend to have tough demands such as high conversion efficiency products for a low price. Solar firms indicated that these types of orders do not help in generating profits. Nevertheless, the orders have been helping firms to increase capacity utilization. Not only do the orders from China-based firms have undesirable demands attached to them, orders from Europe-based solar firms tend to extend payment terms from 90 days to 120 days.
Spot wafer prices increased most significantly on week Spot prices of all solar components increased this week, except for solar modules. Spot wafer prices increased significantly this week, and mono wafers maintained strong. Spot prices of solar cells showed similar but slightly price uptrend as solar wafers. Spot prices of poly-silicon increased slightly on week. Spot prices of solar modules maintained stable. Some solar module vendors had adopted dollar-denominated pricing to prevent fluctuations in the Euro. Poly-silicon vendors kept pricing appreciation policies recently. Spot poly prices had increased steadily since we first observed from our supply chain survey during the last week of 2011. Rather than reducing costs of poly feedstock, wafer manufacturers now had focused more on increasing their ASPs of wafers. Spot wafer price uptrend continued, and wafer vendors tried to pull up price further in the coming week. High-efficiency products remained more popular than mainstream products, and thus mono wafers still showed more significant price uptrend than multi wafers. Followed by the price rebounding last week, spot prices of solar cells kept increasing this week. Solar cell manufacturers tried to increase their prices with same magnitude as their wafer costs. However, solar cell vendors were requested to provide with more advanced products such as higher efficiency, PID-free, or mono products. Although the connection volume in 1Q12 seems to be better than 1Q11, solar module manufacturers were not in a hurry to pull in too many solar cells beyond their ideal pricing range. They carefully arrange their material costs and managed their orders decentralized among different regions. Further tariff cuts in German or UK were still not decided yet, and some system vendors thought positive about PV prospect for the first quarter of 2012. Due to more decentralized markets afterward, it should be noted that emerging markets would be more important in 2012. (See PVinsights Premier Service - System connection forecast by regions) There are some specific factors in these countries, such as tariff policies, product preference, weather conditions, and etc. PVinsights expects that successful PV companies in 2012 should expose themselves in emerging markets and have more specific niche products.
I like this one i think its crazy to have a company sitting with a NAV of £300 million and a market cap of £16million but there is a reality behind the number on the one hand you have a company which ticks boxes on benjamin grahams intelligent investor....but on the other hand it is a sickly commodity type business it is not like this has a moat around it where nobody can do the same thing, in fact that is why they are in trouble in the first place. But commodity businesses do have ups and downs and one good year here could do some crazy things to the shareprice on the upside, so long of course they survive long enough to have that one good year.
could do with it going up another penny and get me some profit .fed up with only seeing red on here..
seller in the background looks like they nearly cleared! bounce is overdue way oversold
anyone got any clues as to why this has come to life
Agree,solar sector has issues and is not down to the management except directors are being paid too much.
Not sure if it is down to the management. A lot was to do with the prices of chips..not to different from the excess in the memory chips a while back when they were selling them cheaper than it cost to make. It caused hundreds and hundreds of millions of losses and factory closure until some come to their senses. Eventually will have to be consolidation. Long term these chips will be sort after..They should buy a chinese factory imhpo...one of their competitors...Prices now have been slashed 40% to do your roof. So they have access to cheap chips..you cannot blame the management for that to be honest....They need the cash to see them through this dry period..luckily the gornment still got special deals on...but do not know for how long people can claim for that..take that away it GB market will go down....but world wide energy is expensive, limited and dirty...this is clean cheap and renuable...so it is a good technology but you got to wait for the market to change and prices go up and they consilidate. Could come good eventually......ingore the cash...it is set to be used up. Hopefully it is enough..yet not for an equisition...perhaps they could fall to a take over.......
Today 25th Jan The Court of Appeal has upheld a High Court ruling that Government cuts to the Feed-in Tariff were unlawful. The three Lords Justices of Appeal announced their reserved judgement this morning following a hearing 10 days ago. Ministers must now introduce the contingency date of March 3 for the start of the 21p rate for solar PV and not the original December 12 deadline. The court judgement also means customers who have had solar panels installed and are registered ahead of the new March 3 cut-off point will now receive the original 43p rate for 25 years. Therefore, the industry has another 5 week period to install at the higher rate of 43.3p. Customers who register on or after March 3 will qualify for the current higher rate until April 1, when it will drop to 21p.