http://www.crystalox.com/

With 25 years in solar technology development, PV Crystalox Solar is a leading manufacturer of multicrystalline silicon ingots and wafers, the key component in solar power systems.

Its customers, the world's leading solar cell producers, combine these wafers into solar modules to harness the clean, silent and renewable power from the sun.

PV Crystalox Solar is playing a central role in making solar cost competitive with conventional hydrocarbon power generation, and as such continues to seek to drive down the cost of production whilst increasing solar cell efficiency. The gap between the cost of solar power production and utility energy is decreasing year on year.

With a long history of production with high growth and profitability, PV Crystalox Solar is well placed to benefit greatly from the rapid growth in the solar energy market

London, United Kingdom: PV Crystalox Solar Plans Listing on London Stock Exchange

PV Crystalox Solar, a producer of solar-grade silicon products for solar electricity generation systems, today announced its intention to proceed with an initial public offering of its ordinary shares, which are intended to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange.

JPMorgan Cazenove has been appointed as sponsor to the Company and global coordinator and sole Bookrunner in relation to the offer. Jefferies International Limited has been appointed as co-lead manager.

PV Crystalox Solar, initially established in the UK in 1982, is a highly specialised supplier to the worlds leading solar cell manufacturers, producing multicrystalline silicon ingots and wafers for use in solar electricity generation systems. The Group was one of the first to develop multicrystalline technology on an industrial scale, setting the industry standard for ingot production.

PV Crystalox Solar manufactures silicon ingots in Oxfordshire, United Kingdom, with the majority of its output shipped to Japan, where it is sold either as ingots or as wafers after processing by a sub-contractor. The balance of the Groups ingots are processed into wafers for European customers at the Groups facilities in Erfurt, Germany. The German operation is constantly developing the Groups wire saw technology for the production of thinner wafers.

PV Crystalox Solar has strong, long-established relationships with major solar cell manufacturers, including Sharp and Schott Solar. The Group does not compete with its customers and is therefore able to work closely with them to improve wafer quality and minimize costs.

By focusing purely on the production of solar-grade silicon products, the Group benefits from the higher margins available to companies in the upstream of the photovoltaic value chain, where there are fewer competing manufacturers and higher barriers to entry.

PV Crystalox Solar has an established record of delivering strong financial performance. The Group recorded revenues of 242m for the year ended 31 December 2006, an increase of 32% (31 December 2005: 183m) and a 56% increase in Group pre-tax profits to 49m (31 December 2005: 31.3m)

In 2006 the Group produced silicon wafers and ingots corresponding to a solar electricity generation capacity of 215 MWp. As at the end of 2006 the Group had available production capacity equivalent to 288 MWp and employed around 200 staff.

Iain Dorrity, Chief Executive Officer, PV Crystalox Solar said PV Crystalox Solar has a long and successful history as one of the worlds leading manufacturers of solar-grade silicon products. Over the last five years we have been consistently profitable, trebling our sales and continuing to grow our margins. We look forward to listing on the London Stock Exchange, which we believe will further enhance our ability to grow the business.

The Group is proposing to build its own polysilicon production facility in Germany to secure an additional source of feedstock. The Directors believe that in-house polysilicon production will provide greater flexibility in sourcing its silicon feedstock. PV Crystalox Solar expects the facility to commence operation in 2009 with an initial planned production volume of 900 metric tonnes in that year, rising to 1,800 metric tonnes in 2011
http://www.solarbuzz.com/news/NewsEUCO396.htm

Thanks Cynic....I'm very much holding this one...hopefully until 2009 at least.

"Moving averages smooth a data series and make it easier to spot trends, something that is especially helpful in volatile markets. A simple moving average is formed by computing the average (mean) price of a security over a specified number of periods (such as 200 days). While it is possible to create moving averages from the Open, the High, and the Low data points, most moving averages are created using the closing price."

Thanks Harrycat....well I've learned something today !, cheers !.

Well blow me off me pins...! such a rise for this one today...better end to the week all round !.

At this point in time looks good again for a 200p retest. Don't tell me how many times I've said that!

Looks like it might make it.....what I have my doubts about is : all this blue all of a sudden...not just for this stock but all the others....can you really believe the governments are going to wipe out all the banks bad debts....pigs will be able to fly.....this might send the dollar right down again...at the end of the day somebody has to foot the bill.....and that's us : the taxpayers !.

Greyhound, I've lost count!

Been stuffed on this one as well.....made a mistake of staying in....never expected such a crazy drop !, now just hoping for a rebound !.

Just look at the graph....ridiculous !.

Didn't I tell you guys on post 176. Sorry to see you lose money.

Well it's a bitter pill to swallow....investing is becoming a real nightmare....! the worst thing is that I'm now going to have to sit through this tumble and hope that there will be an sp recovery somewhere along the line !.

Recovered quite well...perhaps a further climb to follow !.

Excellent update !, but with this depressed market.... : this would have rocketed by 30p 2 years ago, now barely moves....hardly any point in making a comment in these conditions !.

Surely if you think this company is sound, then it is worth averaging down? Lots of companies are near their all time low, but that may just be market sentiment. If you think it is not going to recover then maybe best to get out now. But don't panic sell.

not the time to average down as the markets must still have further to fall, but that does not mean one should sell out either

I have quite a few of these.....one of the best mid-size companies around, I might get some more but need more funds to do so or have to sell others at a loss whch I'm not prepared to do....in time with patience, in 2 to 3 years time we shall have a 300p company here.....many ups and downs along the way though !.

Solar shares seem to be going out of fashion is it something to do with the collapse in the price of oil or is it because the "green effect" is going brown?

It is linked to the price of oil partly, because if oil drops it becomes less worthwhile installing solar energy systems.

Results tomorrow......new production center in Germany opening with earnings in Euros, if I'm not mistaken : there is a already a large cash pile in Euros and this company said that results would be better than expected at the last update and crude is making a good comeback, which makes a difference to the sp on this company........I would say undervalued perhaps !?.

Also : earnings per share last year were 12 Euro cents per share.....with the sp where it is now the sp is looking to my way of thinking as incredibly low !.