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

It might hit 6p.....that's the trouble...just guessing.....next year there should be a good rebound...

Why - the Chinese have the upper hand in this market now. As cynic - says - the signs have been there for a while.

5 or 6p probably.

I guess there will be more of this over the coming days - BRIEF-RESEARCH ALERT-Peel Hunt cuts PV Crystalox price target

Broker Altium said the trading statement is further evidence of the turmoil in the solar industry and goes as far to say this sector is un - investable.

I think this has lost 90% since 2007 or whenever it floated...just shows how punters with no technical knowldge thing "Solar" is the answer - no it isn't. It should ONLY be used where there is NO sensible alternative - like remote weather stations, in a dry windless region. Otherwise wind-power is good enough (and birds can't land on the blades) as this will charge the batteries, OR a small water-wheel from a regular stream although this is "probably" riskier if the weather changes.

So what exactly are these solar wafers really used for - ? Only green-welly types that take tax advantages and then insist on being paid far too much by the rest of us.

The same Tariff-nonsense applies to Wind-generated Elec...

Maybe now it's near EV but the risk is the Management is set to destroy shareholder value, since they've got away with so much to date. Why would they care, if no-one else does?

with the sp almost rock bottom a management buy out may be on the cards.

Halifax, weren't these the same execs that presided over the Float no doubt praising the new company to the hilt, whilst taking very nice salaries...?

Those Protesters at St Pauls should be focussing on these issues, IMHO.

hang look at their nav and then compare to their market value.

Just say no.

This can be a multi-bagger with little risk.

No hope for this now

Why?

The sun does not shine on PVCS... 4p now.

Probably mad - but just had a dabble here again.

what a pity .... this was a really thriving company but has fallen from the sky like icarus

Just added a few more here - volume & RSI on the up.

Skinny, there must be better opportunities knocking around than this to risk your money??? I can't see any reason for much upside until the economy is really in recovery mode.

Harry - you are probably right, but I like the company and it is less than 1% of my overall portfolio!

skin no news since october 2011, results due 28th march 2012, expected asset write downs and operating loss.