Thursday May 25, 2017
Photo Article: Ways to annoy the Mrs No 34: putting up a Tory election poster In Bristol East, then Greece
Photo Shocker: Who are the real victims of Manchester - liberal media elitists C4 reckon its Muslims celebrating violence
After Manchester the Politicians and Media elites say hope not hate, carry on as normal but it is all hogwash

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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PV Crystalox – Time to Shut Down Operations and hand back cash NOW. The fat Lady is singing in Chinese

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- Tom Winnifrith

I argued a few weeks ago on t1ps.com that AIM listed solar wafer producer PV Crystalox (PVCS) should shut its operations at once and return all its cash to shareholders. The share price is 7.9p valuing PV at £32 million and the company (as at the half year) had net cash of 122 million Euro, £97 million. The company reported a steep first half loss. And things are only going to get worse.

The very well paid directors argue that they have taken remedial action; they operate in a long term growth industry, blah, blah, blah. The facts are rather different

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