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Broker tips: Henderson, Cineworld, PV Crystalox

Thu, 18th Aug 2011 12:20

UBS scaled back its numbers for fund manager Henderson Group on Thursday as a consequence of "lower market levels and lower flows.""Given the cautious outlook for the retail segment, we are now looking for modest outflows in [the second half] from this segment, versus healthy net flows of circa £400m in [the first half]," said analyst Arnaud Giblat."Even if markets were to see a significant turnaround, we would expect inflows to lag," he said.A neutral rating was maintained.Panmure Gordon has maintained its buy rating on cinema group Cineworld following the firm's "robust interim results" released on Thursday."The group has had a strong start to the second half of 2011, led by the success of Harry Potter: The Deathly Hallows Part 2 and is confident of performing in line with market expectations for the full-year," the broker said.The target price stays at 260p.Merchant Securities has upgraded its rating on PV Crystalox Solar, the solar power wafers manufacturer, from sell to hold after the stock's recent underperformance."Having gone to a sell at 44p at the end of June, the price has fallen far enough and [we] rate the group a hold," with a target price of 20p.However, the broker suggests that if the price falls below 16p, "buy on weakness".BC
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PV Crystalox Solar Says Market Conditions Challenging As Pricing Pressures Resume

LONDON (Alliance News) - PV Crystalox Solar PLC said Monday that its financial position remains strong, despite challenging PV market conditions and pricing pressure resuming as reduced demand in China reversed much of the gains recorded earlier in the year. In an interim management stateme

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17 Apr 2014 16:59

DIRECTOR DEALINGS: PV Crystalox Solar Directors Get Shares

LONDON (Alliance News) - PV Crystalox Solar PLC Thursday said Chief Financial Officer Peter Finnegan and Chief Executive Officer Iain Dorrity were allotted shares under a vesting of a long term incentive plan. Finnegan received 112,007 Dorrity 134,409 shares. Following this transactio

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20 Mar 2014 13:50

PV Crystalox Solar reports rise in annual revenue

PV Crystalox Solar reported a rise in annual revenue on demand for its photovoltaic silicon wafers, used in solar panels. The group achieved revenue of €71.4m in the year ended December 31st 2013, up from €46.3m the previous year. Wafer shipments and the trading of surplus polysilicon were 54% hig

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PV Crystalox Solar Swings To Profit In 2013 On Rising Revenue

LONDON (Alliance News) - PV Crystalox Solar PLC Thursday said it swung to a profit in 2013, after posting a huge loss the year before, boosted by a significant increase in revenues. The supplier of photovoltaic silicon wafers for use in solar electricity generation systems said it swung to

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PV Crystalox Solar CFO to retire on May 31st

Silicon materials group Crystalox Solar has announced its Chief Financial Officer of seven years, Dr. Peter Finnegan, will step down from his post and from the board on May 31st 2014. He is to be replaced by Group Secretary Matthew Wethey. Dr. Finnegan will make himself available to the company to

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