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Being the Banker, you're hard to fathom. Twelve months ago you were the biggest ramper on this board. Have you managed to sell your interest and take up a short position? Your positive attitude seems to have been replaced with that of a harbinger of doom and you delight in pointing out the precarious nature of our investments, of which we all are already fully aware. I apologise if I'm reading the situation incorrectly but those of us locked in for whatever reason, do not need to be constantly reminded of our folly.
Although the cryptic update of 04/03 says that NANO continues to engage with other parties , one of the things that puzzled me was the seemingly unnecessary reiteration of the statement regarding privacy, to wit the exemption from the clause in the rules of public identification. We all know who is demonstrably paranoid in this area and I wonder if Apple is still in the mix..
If indeed Apple are one of the bidders, wouldn't it be considered unethical to offer less than the 55p per share that it was when they cancelled the previous contract. It could be levelled that the withdrawal was designed to lower the price for a buy out of the company. I feel sure this is unlikely to be the case but from the outside it could be construed as such and do Apple's reputation a great deal of harm. It's hard to get a true perspective with no information coming forward.
The real money is to be had in all things military. There is very little budget constraint so, IMO, Nano should be looking to Lockheed Martin, Raytheon, Honeywell or even Nasa for super clear, eye in the sky, drone surveillance camera opportunities, with all the support tech it engenders. Just a thought.
Sorry to rain on the parade but as PVCS admits, the trading environment is challenging and their flagship facility at Bitterfeld is still in mothballs. The cash will be welcome but it is supporting an outdated technology in polycrystalline silicon and will soon be used up, with few orders coming in. The poor efficiency of silicon photovoltaics has always been a limiting factor, coupled with its high price and subsidy cuts it is doomed to recede into history. Organic light emitting diodes are being produced in PV form that offer twice the efficiency at a fraction of the cost of silicon. They can be printed or painted onto almost any surface and thus transform that surface into a generating area. Imagine, your car roof, an aeroplanes wings or even the entire roof of a building covered with a cheap electricity supply material. Where does that leave traditional producers given that this is not science fiction for the distant future but viable currently available technology, produced in the UK and the US. I would think very carefully before sinking any more money in PVCS but that is only my opinion and I may be wrong.
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.
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.
I am obviously not clever enough to understand this share, its fundamentals are so strong yet it heads south. At the moment it is trading like somebody standing on a street corner, selling fivers for four quid.
Hold your nerve guys, this could be an artificially created scenario to force the price down to a buyout level. There are forces at large manipulating this stock I'm sure. Keep in mind the production is still a billion dollars worth of gold a year.
There is a new factory, great production, government subsidies for end users, 70Million in the bank, worldwide promotion of solar power, plenty of buys..........and the SP goes down and down.
I don't trust a thing that bunch say. They loudly proclaimed Barclays at 90p last March would fall to 40p, so get out while you still have a shirt. Two weeks later they were approaching £3 and I failed to make a bean. Curses! However PVCS shouldn't fall much further or the share value would be less than the asset value of the company. Keep the faith.
Gold price up today as Banks still send nervous shivers around investors.
There's an interesting article in the FT concerning the contraction of the insurance sector, as and when Pearl join the fray. It seems to me that a modest, solvent, good performer like L&G would be high on the aquisition list.