Monday November 24, 2014
Video Postcard #90 - The Rochester fallout, UKIP, immigration and the despised political classes
Off to Ireland for the Weekend – Ballymaloe beckons
The Sacrifice I have made for West Ham and its inspired manager Fat Sam Allardyce

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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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