The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
NANOOn the shelf 12 Jan '18 https://www.tpvision.com/blog/philips-8602-tv-to-offer-ultra-hd-premium-performance-in-the-8000-series/ I posted this back on the 12th Jan!
https://www.forbes.com/sites/johnarcher/2018/02/20/samsung-to-sell-oled-tvs-again-claims-report/
But alas it also has TOR
Very bad news for the hardworking staff at Swansea and a major blow to employment in the area,
hopefully someone buying with inside track !
http://news.xinhuanet.com/english/china/2015-01/22/c_133937772.htm
after hours rns, agm set for 29 dec
Pure Wafer plc (LON:PUR)‘s stock had its “buy” rating reaffirmed by equities research analysts at WH Ireland in a research note issued to investors on Thursday. They currently have a GBX 96 ($1.50) price objective on the stock. WH Ireland’s target price indicates a potential upside of 79.44% from the stock’s previous close. Shares of Pure Wafer plc (LON:PUR) opened at 54.60 on Thursday. Pure Wafer plc has a 52 week low of GBX 51.00 and a 52 week high of GBX 92.00. The stock’s 50-day moving average is GBX 59.56 and its 200-day moving average is GBX 65.86.
RNS Number : 1280Y Pure Wafer PLC 27 November 2014 PURE WAFER PLC (AIM: PUR) Result of AGM and Trading Update 27 November 2014 Pure Wafer plc ("Pure Wafer" or "the Company"), one of the leading global providers of high quality silicon wafer reclaim services to many of the world's largest semiconductor manufacturers and foundries as an integral part of their cost control programmes, announces that, at the Company's Annual General Meeting held on 26 November 2014, all resolutions put to shareholders were duly passed. Dividend The Board is pleased to confirm that, at the Annual General Meeting a final maiden dividend of 0.43 pence per ordinary share was approved for payment on 9 January 2015 to shareholders on the register at 28 November 2014. The Board is also pleased to confirm that it intends to adopt a progressive dividend policy for future years, based on growth in earnings per share, to include both an interim and a final dividend with an approximate one third, two thirds split. Trading Update Trading continues to be strong and in line with market expectations. Recent engagement with the Company's major customers in the US and Asia has been very positive. These high levels of customer satisfaction can be attributed to Pure Wafer's continued focus on providing the best possible customer service and support. A further, and more detailed update on trading and the continued strength of the semiconductor market will be issued in January in line with previous announcements.
Continued and sustained strong cash generation has enabled Pure Wafer to invest in this additional capacity and further technology advancements, whilst continuing to reduce its level of debt, and has positioned the Company ready for the payment of a maiden dividend. In January we reported that our competitors based in Japan were benefitting from favourable movements in the USD/YEN exchange rate, giving them a competitive advantage, which resulted in increased pricing pressure in the global wafer reclaim market. However, I am pleased to report that through increased customer engagement and a high level of customer satisfaction, this pressure has now stabilised. Furthermore, tight cost control, operational restructuring, and an improvement in process yields have helped to ensure no material impact on profitability. The impact of exchange rate movements has been mitigated to some extent by the Company's forward currency purchasing policy. However, the strength of sterling during the year has resulted in an increase in the Company's sterling denominated cost base of approximately $0.2m for the year which otherwise would have contributed a commensurate amount to operating profits. I am also pleased to report that, once again both manufacturing sites in Swansea and Prescott have continued to run at record levels of productivity, which together with the continuing close management of costs, has resulted in Pure Wafer's cost per wafer running at an all-time low for the fifth successive year, providing continued confidence in the strength of the business going forward.
Interesting news from the Halyk statement, The company received $12mn (out of the $30mn) prepayment for the sale of Naimanjal. During the period, FML closed some of its Dutch subsidiaries and paid off all of their outstanding debts. So a further $18mn to follow
imo,the company has never been stronger and in a growing market, ive given up trying to understand the vagaries of aim, ill just sit tight and wait and wait........................................
Well done Pure Wafer, now lets see if the loyal p i's can finally see this sp take off, gla
definitely a hold, the perceived stall in the deal with UTM could have more to do with a request from a new strategic partner .imo
apart from the production woes that were known about and seemed to be being surmounted, it now seems currency exchange losses are a major issue, LONDON (Alliance News) - Frontier Mining Ltd Monday said its pretax loss quadrupled in the first half of the year and said it is now seeking a strategic partner for its Benkala copper plant as it comes closer to offloading its Naimanjal licence. The Kazakhstan-focused miner said its pretax loss in the six months to June 30 was USD21.4 million, against a USD4.6 million loss a year earlier. The loss was due to a massive increase in the group's foreign exchange losses to USD18 million for the period, against USD356,379 last year. Revenue in the period was up to USD3.4 million from USD2.8 million in 2013. Cost of sales added to the loss in the period, slightly more than doubling to USD3.3 million from USD1.6 million last year. The company is in the process of selling its Naimanjal licence in Kazakhstan to Union Transnationale Miniere SA, a Luxembourg registered company active in Kazakhstan. The proceeds from the sale will be used to pay down part of its debt pile and provide financing for new equipment to allow the company to increase production from its operations. It said revenue from copper sales continues to provide sufficient revenue to cover production costs related to its Benkala site, but said this does not cover its interest and debt repayment obligations and other administrative costs. The group said it is seeking to bring in a strategic partner to back its ongoing operations.