Sunday August 31, 2014


Bitten by a Duck in Kardamili Greece as the Mrs laughed loudly
Weekly Video Postcard (#46 financial, #76 non-financial) – Free Speech & Frigana Edition
Hamas supporters in UK try to get pro-Israel tweeter fired by blackmailing employer

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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