Sunday December 04, 2016
Photo Article: day one of the olive harvest 2016 at the Greek Hovel
Half a Cow, Mad Vegans, Daft Millennials and the new £5 note
Toff Bashing by the Daily Mail in a "post fact" era

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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