PV Crystalox Solar Board http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion http://www.iii.co.uk/icons/logos/logo_140x67.png http://www.iii.co.uk tag:iii.co.uk,2003:tst.10614654
http://www.nytimes.com/2013/05/21/business/global/us-and-european-union-set-to-negotiate-settlements-in-chinese-solar-panel-cases.html?pagewanted=all By TopTrader2009 ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10614654&action=detail Mon, 20 May 2013 23:02:00 GMT TopTrader2009 tag:iii.co.uk,2003:tst.10613846 It is , in my view, a very well run company with a good product. Times are tough and they are trading at a loss and are trying to run at break even.
They have 89MEuros cash ie 21Cents/share and will distribute 7.25p/share. They will be left roughly about half the cash. Based on cash alone, the share price should hold steady but is not likely to. My personal guess is that the SP will drop to around 7p mark. I will continue to hold as a gamble of better times for a good company... no guarantees! Doesn't make it the most undervalued but is a good each way bet.
j By jayanragavan ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10613846&action=detail Mon, 20 May 2013 15:42:00 GMT jayanragavan tag:iii.co.uk,2003:tst.10613488 why would you say its undervalued?
thanks By Mat_he_has_no_cat ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10613488&action=detail Mon, 20 May 2013 13:55:00 GMT Mat_he_has_no_cat tag:iii.co.uk,2003:tst.10612938
then company share value .04*416.725335 =£16.6 million

or have I got my maths wrong ? By dunekiller ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10612938&action=detail Mon, 20 May 2013 10:42:00 GMT dunekiller tag:iii.co.uk,2003:tst.10609537 Heavyish volume but seems stuck fast at this level, more likely to rise, over next few months, than fall is my guess. By northumbrian-piper ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10609537&action=detail Fri, 17 May 2013 15:24:00 GMT northumbrian-piper tag:iii.co.uk,2003:tst.10609073 http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10609073&action=detail Fri, 17 May 2013 13:02:00 GMT TopTrader2009 tag:iii.co.uk,2003:tst.10608748
"The Board has reached a decision on the amount of cash to be returned to shareholders and agreed a level of 7.25p per share subject to finalisation of the process of the cash return. The Board is not yet able to confirm the timing and mechanism of the return but expects to make a further announcement on these matters shortly."

nk By nk1999 ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10608748&action=detail Fri, 17 May 2013 11:29:00 GMT nk1999 tag:iii.co.uk,2003:tst.10597049
I have been adding over the last few days DYOR etc By JTee444 ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10597049&action=detail Mon, 13 May 2013 10:54:00 GMT JTee444 tag:iii.co.uk,2003:tst.10588469 ')" target="_blank" rel="nofollow">http://www.bbc.co.uk/news/business-22445640

still a way off but may allow PVCS to plan ahead. By swarfega man ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10588469&action=detail Wed, 08 May 2013 16:09:00 GMT swarfega man tag:iii.co.uk,2003:tst.10576438 http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10576438&action=detail Wed, 01 May 2013 17:53:00 GMT ShipTap tag:iii.co.uk,2003:tst.10575508
Expect an announcement soon.

Artji
By Artji ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10575508&action=detail Wed, 01 May 2013 12:38:00 GMT Artji tag:iii.co.uk,2003:tst.10543713 By Ehren Goossens - Apr 17, 2013 3:46 AM GMT

LDK Solar Ltd.'s failure to fully pay notes this week has raised the prospect of China’s second solar-industry failure this year as the company needs to repay a loan 10 times larger by June. The world’s second-biggest maker of wafers that convert sunlight into power couldn’t repay all of the $23.8 million of dollar-denominated convertible bonds that matured on April 15, according to a company statement yesterday. Before the delinquency, its 2014 yuan notes dropped below 50 yuan per 100 yuan face value, according to data compiled by Bloomberg. The yield reached a six-month high of 125 percent last week, compared with the 79 percent for Bonn-based Solarworld AG.

LDK, which will probably report a second year of losses tomorrow, must repay a $240 million loan unless it spins off its polysilicon unit by June 3, according to regulatory filings. Suntech Power Holdings Co., once the world’s largest panel maker, was dragged into insolvency days after it defaulted on a $541 million bond repayment on March 15. LDK failed to repay about $7 million of bonds for which it could not reach a settlement, and may receive a notice of default, said Edward Guinness, a fund manager at Guinness Atkinson Funds in London who oversees about $800 million, including a “tiny” position in LDK. “It’s out of LDK’s hands,” he said in an interview yesterday. “The lenders can choose to give them an extension. It’s up to them to push LDK into bankruptcy.” LDK wasn’t expected to miss the bond payment, said Amit Jain, a Bangalore-based analyst at SJS Markets Ltd. “Everyone knows that cash flows are stressed but there was a feeling that the company would be able to manage this one,” he said.

LDK officials in San Francisco and at its headquarters in Xinyu, China, couldn’t be reached for comment. Chief Financial Officer Jack Lai wasn’t available, and phone calls and e-mails to his office went unreturned. Two calls and an e-mail seeking comments from Li Longji, a company spokesman in Xinyu, weren’t answered. LDK, which had net debt of $3.13 billion at the end of September, was unable to fully pay the bonds due April 15 because of “a temporary cash-flow shortage,” according to the statement. The company has reached a settlement with two convertible notes holders on the partial payment of a principal amount of $16.55 million to postpone the repayment of remaining debt. The manufacturer is “ready and willing” to discuss settlement for the remaining notes, it said. Flush with credit from state lenders, Chinese solar companies more than tripled production between 2008 and 2011. That helped drive a 17 percent decline in the cost of panels in the past year as demand slowed, according to data compiled by Bloomberg. Mounting losses are making it harder for China’s five biggest solar makers to repay more than $1.7 billion in outstanding bonds.

At LDK, the loss for 2012 may reach $669 million, according to estimates from China International Capital Corp., the country’s biggest investment bank. That would be more than the loss of $655.5 million in net income available to common shareholders in 2011, according to data compiled by Bloomberg. LDK received its $240 million loan in June 2011 in the form of convertible preferred shares, according to a May 15 filing to the U.S. Securities and Exchange Commission. China Development Bank Corp., China Construction Bank Corp., Bank of China Ltd. and their affiliates bought the shares, which are convertible into a stake of LDK Silicon & Chemical Technology Co., a unit that makes polysilicon, the raw material used in most solar panels. The three state-backed lenders can force LDK to redeem the shares at the subscription price plus 23 percent interest if it hasn’t spun off the polysilicon maker by June 3, according to the filing.

The chances of LDK spinning off the unit are slim, Shyam Mehta, an analyst at GTM Research in N By Artji ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10543713&action=detail Wed, 17 Apr 2013 09:08:00 GMT Artji tag:iii.co.uk,2003:tst.10513667 http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10513667&action=detail Wed, 03 Apr 2013 07:19:00 GMT Ripley94 tag:iii.co.uk,2003:tst.10490243 ')" target="_blank" rel="nofollow">http://www.investorschronicle.co.uk/2013/03/21/shares/news-and-analysis/pv-crystalox-nears-cash-return-omzDPWWWTPuZ5lkKlksFwO/article.html

I'm hoping for 50% cash returned, that would be around 9p per share and i'd stay in the share at 1.5p residual cost each, as a punt on its survival.
Which is appears less than 50:50 By northumbrian-piper ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10490243&action=detail Thu, 21 Mar 2013 16:07:00 GMT northumbrian-piper tag:iii.co.uk,2003:tst.10490140
After todays results the investment proposition is not nearly as enticing for me, with huge asset writedowns decimating the net asset value on the Balance Sheet. Good luck to those that remain invested - I hope that the directors do the decent thing and return money to shareholders before this company dies a slow and painful death, but am not willing to hang around to find out.

Regards
BH
By Bountyhunter79 ]]> http://www.iii.co.uk/investment/detail?code=cotn:PVCS.L&display=discussion&id=10490140&action=detail Thu, 21 Mar 2013 15:40:00 GMT Bountyhunter79