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Started: phenomenonnick, 14 Jun 2019 21:39
Last post: phenomenonnick, 14 Jun 2019 21:39
Decent 20% rise since Monday. Surely further to go though - hopefully news of future plans will come with the interims in September.
Something going on...Some solid buying this afternoon, and the numbers are to round for individual buys. This is somebody trying to buy in low volume but a lot of it...
Sp was up 100% on Friday so little profit taking. Need some update to move this up plus volume it's very tin so will move quickly when ready.
Company it's cash rich and expertise rich so they have time for new developments (production or service). Not many (any???) companies on AIM with £12mil. cash and £4mil mcap. Just be patient imo dyr
Started: Pie314, 10 Jun 2019 12:10
Last post: Pie314, 10 Jun 2019 12:10
Not pump and dump. Also the half million in research continues per annum plus all the remaining cash and an agm this month which will clarify the further path of more cash back to the investor or new profitable ventures by the BOD who are also significant shareholders. NOT a new company it is highly established and has already proven how well it acts in shareholder interests. 2 pounds and/or small company manoeuvrability into high profit niche to follow.
Started: emil11, 7 Jun 2019 17:37
Last post: emil11, 7 Jun 2019 17:37
So basically company it's starting a new with ca.£15 mil.(as end of 2018 so now it's less ???) after paying dividend and exiting old business.
Now company it's providing slicing services for high technology ceramics and optics industries in Germany by applying wire sawing expertise to cutting of non-silicon materials.
It's new business focus as of now so new start for company imo dyr
Started: emil11, 7 Jun 2019 17:20
Last post: emil11, 7 Jun 2019 17:20
On IG platform you have repeated RNS from yesterday but not here:
"Total Voting Rights and Share Capital
In accordance with DTR 5.6.1A(1), following Admission the Company's issued share capital will consist of 7,285,408 ordinary shares of 3.0206 pence each ("Ordinary Shares").
The figure of 7,285,408 Ordinary Shares may therefore be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
Started: flava, 7 Jun 2019 09:32
Last post: phenomenonnick, 7 Jun 2019 17:16
It's not a fault, there's no RNS today (yet). Today is the day they trade ex a 24p special dividend and post a consolidation. See either my previous posts or the recent RNS's (from 21 March onwards). For the past few months the old shares were around 25 or 26p a share. A price for the new shares of 26p per old share is 44p per new share, 27p per old share is 66p per new share. So the current price isn't much of a move. More relevant to the future is that as others have said the cash balance is about £2 per share, and there's a bit of a business too.
I am viewing from the new beta site. No RNS showing so I shall report the fault.
Keltickilla what are you talking about? There has been a 22 to 1 consolidation! See the heading above entitled "RNS" :)
Huge climb on very little news. The papers going to crumple with the weight of hype IMHO. GLA. hope your timings are well.
DOnt miss the boat buddy, read the figures below!
Started: Pie314, 7 Jun 2019 16:28
Last post: Pie314, 7 Jun 2019 16:28
Hey I prefer a chat, not just with myself . Anyway I read my previous post and it was misleading. As previous poster stated cash at about 12 million with only 7 million new shares.
Started: Pie314, 7 Jun 2019 15:09
Last post: Pie314, 7 Jun 2019 15:47
Having done a little more research it looks very promising The wire cutting business is already up and running and there is also revenue of half a million a year ongoing which is still connected with PV and also limited silicon wafering ability is retained. At the market cap today, the company is valued at way below book value only taking account cash left. So I agree that the company is undervalued and is being treated like a start up when it looks very solid with a solid core of staff and a solid network in Germany and with very solid and trustworthy management.
Hello I've just bought in on the basis of the valuations of others and looking at accounts. Feels wierd. So what is the expected time line and are there any risks of it being below a certain SP? I might buy some more but I'm not feeling this one yet so any help appreciated!
Started: emil11, 7 Jun 2019 10:31
Last post: emil11, 7 Jun 2019 10:31
Quite. They’ve said they’ll return more cash or wind up if they can’t find a better use for the cash and shell. Think this will do well. Especially as the CEO has 10%, interests are aligned with shareholders.
I just done bit of research:
-consolidation 22:1
-cash ca;£12 mil.
-still made 1.6 mil profit last year (with redundancies and costs of closing down uk plant ??!!!)
It's fills kind of cheap at 5 mil mcap imo dyr
Started: Henryb, 7 Jun 2019 09:55
Last post: Henryb, 7 Jun 2019 09:55
It should clearly be over a pound. I put £100k into the old stock, 95% of which comes back so really it’s £5k at about 30p per new share. I’ve just bought £18k at 78p. I can’t decide what the trading business is worth. They’re considering selling it. If it’s a positive number the price should be over £2. If negative, well it’s only 20 staff and it can’t cost that much to shut, certainly total overheads look to be under £2m and there’s £9m cash I think. DYOR though obvs. Someone else verifying this from the last results and recent announcements would be appreciated!
looks set to go over a pound
Started: phenomenonnick, 7 Jun 2019 09:27
Last post: phenomenonnick, 7 Jun 2019 09:27
Yup as per my last post, this was about 25.5p yesterday. They're now trading ex a 24p dividend and post a 22 for 1 consolidation. So Yesterday's price less the 24p dividend is 1.5p a share, time 22 is the equivalent of 33p a share today. Company is left with about £2 a share in cash and a small but lossmaking research business. Should clearly be higher than 33p. Possibly less than £2 though depending on what the trading business is worth.
"After an extensive review of the strategic options for the future of the Group, the Board has concluded that returning a large proportion of available cash, as part of an orderly resolution of the Group's affairs, would be in the best interest of shareholders rather than the pursuit of acquisitions. The Board intends to return £38.5 million (€42.8 million at year end exchange rate) equivalent to 24 pence per ordinary share to shareholders."
Started: phenomenonnick, 22 May 2019 19:04
Last post: phenomenonnick, 22 May 2019 19:04
I've bought heavily here. In barely two weeks the share will trade ex a 24p dividend. So it's the equivalent of 1.5p a share now. Yet it'll have a small German business and by my calculation around 9p a share of cash. Even if the German business is losing money it can't eat far into that 9p a share - it's £15m of cash and there's only 20 staff.
This really ought to be higher - and surely will be trading at more than 1.5p a share in 2 weeks' time!
Started: perkylad, 4 Mar 2019 11:48
Last post: perkylad, 4 Mar 2019 11:48
How has no-one posted in two months? With two RNS announcements setting out what’s going to happen! And more importantly why is the share price only 25p when we get a 24p special dividend in a month’s time?!
..on 21st Mar.
Started: bbrinkw, 6 Dec 2018 00:34
Last post: bbrinkw, 6 Dec 2018 00:38
23 Nov 2018 CEO stated customer has waived its right to delivery of the wafers and PVCS has received in full the payments as per court order.
Xmas can be a wonderful time of the year.
23 Nov 2018 CEO stated customer has waived its right to delivery of the wafers and PVCS has received in full the payments as per court order.
Xmas can be a wonderful time of the year.
Started: DEBS1, 30 Nov 2018 10:23
Last post: DEBS1, 30 Nov 2018 10:23
so now what??
Started: cascudi, 17 Aug 2018 18:45
Last post: cascudi, 17 Aug 2018 18:45
107k trade. Let's Monday the so will start moving higher now that this big trade has gone
Started: extrader, 18 May 2018 11:53
Last post: extrader, 18 May 2018 11:53
Hi all, I've just spoken to Wethey, Company Secretary. An RNS will be out shortly, he confirmed that all resolutions were passed with 99% in favour, about 40% of shareholders by value present. He didn't want to say more, other than that they're concerned to maximise value for shareholders, reminding me that the CEO has about 10%, so plenty of skin in the game and interests aligned with PI's. ATB
Started: DEBS1, 15 Mar 2018 10:13
Last post: extrader, 16 Mar 2018 14:19
Hi DEBS1, Lifted from another board (advfn) : ..."Quick take : Current market cap � 32m @ 1.12 = Euro 35.84m Net cash Euro 26.9m + (unpaid) award 20.5m + (2018) addn'l award 3.1m + stock 3.9m. Total : Euro 54.4m Award accruing interest @ Euro 180K p.m. = Euro 2.1m p.a. Asset writedowns (inventory) to fair value. No future in solar, will try to offload residual German business. Reminder (to market ?) that it has a full listing.... Strategy review concludes either cash back and/or possible buy into new business. Unlikely to see quick conclusion, but looks OK to me. NAI, DYOR etc etc..." Defendant in court case has run out of options, other than 'tweaking' the value of wafers PVCS is supposed to deliver. Whatever modest %age they might hope to save by the time they get PVCS agreement has to be set against the interest bill that they're currently accruing @ Euro 540 K per quarter. I would hope this will concentrate the defendant's mind ! ATB
"Following receipt of the funds from the arbitration award mentioned above, the Group is expected to have a substantial net cash position. In the light of this the board intends to explore options for the future of the Company in order to maximise shareholder value.'' This means PVCS shareholders could just be rewarded for their patience - lets hope! Lets hope most of that 'substantial' cash comes our way. Good luck.
Started: stew200, 22 Nov 2017 12:41
Last post: stew200, 22 Nov 2017 12:41
?? Why has this dropped so much ?
Started: yasx, 9 Nov 2017 23:47
Last post: yasx, 9 Nov 2017 23:47
There are 3 ways to satisfy entitlement to wafers by customer, as follows: 1) produce and supply them - would take 9 months of production- unlikely option 2)Buy in spot market and deliver- based on PV insights who track spot market trends, current value is $0.627 /wafer, at current fx =12.4 million Eu. So award is 34-12 =22 million;ergo leaves 28 million net cash +22 mln award=50mln Eu, or �44mln. 3) agree aforementioned value with customer and net off from overall award of 34 million Eu (this is the most probable outcome) So market cap should safely be around �44 million v current cap of 38 mln so good short term fairly risk free upside (insofar as can be the case), plus other bits thrown in which would inflate the 44 million figure alluded to above. Re legal costs - these are negligible as I understand it so negligible impact and is not dissimilar to a case of each party bearing their own costs even if not technically the case - but, no material impact to be derived from legal costs. For reasons I have just explained in detail, pvcs has virtually risk free (approx) 25pc short term upside in my view. I suspect they will conclude matters in fairly short order since interest continues to accumulate (notwithstanding the fact that the award included all interest up to the point of the award) but interest is accumulating since. Nil brainer in my view
Started: obritomf, 8 Nov 2017 15:36
Last post: obritomf, 8 Nov 2017 15:36
Does anyone know if the Euro 34M awarded include PVCS legal fees etc. or is it a flat number. Is the award decision a public document that can be viewed - online maybe? Thanks
Started: DEBS1, 8 Nov 2017 13:27
Last post: DEBS1, 8 Nov 2017 13:27
34 million is the settlement - now an RNS needed to say what the future holds. Good luck and a bright future - lets hope!
Started: bluebullit, 8 Nov 2017 12:08
Last post: bluebullit, 8 Nov 2017 12:08
Does the company return monies to share holders if they wind up? Does anyone know?
Well that's underwhelming, what happens now, does the company wind it self up, do we sell or hold our shares????
This should be worth double now on just cash alone!! What I’m I missing?
What a brilliant article required reading for al 'foggies'. Thanks a million or should I say several billion for posting. Oh bugger can't change al for all but you get my drift.