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

Ditto skinny along with DVO

chart looking good, finished strongly, more to come next week with results on thursday.

Interim Results

Interim report 2010
Strong increase in wafer shipments with pricing now stabilised

PV Crystalox Solar PLC, one of the world's leading providers of photovoltaic ('PV') silicon wafers, announces interim results for the 6 months ended 30 June 2010.

Key Highlights

Strong market demand with wafer prices stabilising

Wafer shipment volume of 155MW (H1 2009: 100MW)

Revenues of 111.7 million (H1 2009: 121.6 million)

EBIT (excluding currency impact) 12.4 million (H1 2009: 35.2 million)

Polysilicon production at Bitterfeld of 321MT

Strong net cash position at 30 June 2010 of 77.1 million (31 December 2009: 70.2 million)

Interim dividend of 1.0 euro cent per share (2009: 2.0 euro cents per share)

is it my imagination or are those figures decidedly less than exciting?

Thats my take!

does that mean i may have been right to bank a modest profit the other day or will all here tell me that iw as exceedingly stupid and should have hung on?

Yes :-)

:-((
so you think i was exceedingly stupid too

cynic - I bought some in the high 40's and am/was looking to buy a chunk in the SIPP/ISA - still watching although less convinced!

I think i will be jumping ship today,still made a nice profit though.

i think there'll be a lot of rats beating you to it ..... and on that happy thought, i'll go to board my flight back to uk; shall catch up with you all late this afternoon

Interim Management Statement.

The PV market is continuing to grow strongly with global installations in 2010 expected to double and reach 14-16GW by the year end. As a consequence the Group has seen strengthening demand for its wafers and its production has operated at full capacity during the second half of the year. Our full year shipment volumes are now expected to be around 350MW; ahead of the 320-340MW range indicated at the time of our interim results on 19 August 2010.

A 50% increase in shipments at the interims was accompanied by a 10% decline in revenues. They flattered to deceive.

Now they're saying that full year shipments will be 10% higher than estimates, but have prices been squeezed further since the interims? Why can't they talk money? Too much smoke and mirrors.

Agreed Hils - these are now on my "jam tomorrom" list. I have a few and will look again in the new year.

Just had a small long here again.

RNS Number : 0904B

PV Crystalox Solar PLC

11 February 2011

11 February 2011

PV Crystalox Solar plc

Notification of preliminary results

PV Crystalox Solar plc one of the world's leading providers of photovoltaic ('PV') silicon wafers will report its preliminary results for the twelve months period ending 31 December 2010 on 24 March 2011.

-ends-

Looking to rise this one.....excellent forecasts being made......a return to a pound later this year ?....graph looks good !....

I guess this can't do any harm.

Been keeping an eye pn PVCS for a while since it popped up from a profitability v market cap data mining scan.

SP has been stuck in a narrow trading range for quite some time, so I would expect a breakout in one direction or another fairly soon. Results are out on Thursday which may provide the required shove. MAs also completed a Golden Cross recently and then gravitated back towards said MAs (which is something I have noticed happens quite frequently with this particular pattern).

See what happens Thursday then!

Interim Management Statement.

PV Crystalox Solar PLC ("the Group") announces its Interim Management Statement, in accordance with the UK Listing Authority's Disclosure and Transparency Rules, for the period from 1 January 2011 to the date of this announcement. The Group announced its preliminary results for the year ending 31 December 2010 on 24 March 2011.

The Group experienced strong demand for its products during the first four months of the year. Demand has weakened during recent weeks and shipment volumes for the first half of the year are now expected to be within the range 210-225MW, a significant increase on the 165MW shipped in the same period in 2010.

Although lower than expected PV module installation levels in Germany and uncertainty due to delays in finalising revisions to feed in tariffs ("FIT") in Italy have weakened prices in recent weeks, our average sales price (ASP) during the first half year is expected to be only moderately below that reported for the full year 2010. We anticipate that this will be at least offset by the accelerated progress in our wafering and internal polysilicon production cost reduction programmes, resulting in a positive impact on margins. Accordingly performance in the first half of 2011 is expected to be in line with expectations.

The Group continues to make good progress in expanding and broadening its geographical customer base. Shipments to customers in Asia exceeded 80% during the first four months of 2011 with Taiwan becoming our largest geographical market followed by China and Japan.

The expansion of the Group's ingot production capacity to 535MW was completed on schedule and on budget. The next phase of expansion to reach 670MW is underway and is on track for completion by the end of the year.

Under the agreed regulatory framework, the low level of installations in Germany during 2011 will result in only modest reductions in FITs on 1 July, which should positively impact demand in the second half of the year. Demand should also be stimulated in Italy now that uncertainty over the PV incentive scheme has been removed following the final announcement on 5 May 2011. However concerns remain due to reports of high inventory levels across the value chain and their impact on pricing in the second half of the year.

We continue to place strong emphasis on our relationships with major PV companies and to focus on cost reduction and operating efficiencies. Whilst uncertainties remain in the near term, we are well positioned with our solid balance sheet, strong net cash position and low cost base to take advantage of the anticipated future volume growth in the market.