Updates

PV Crystallox Solar

June 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

PVCS continues to see erratic trading patterns with a trading update during the month saying that although it saw strong demand in the first four months of the current year, more recently demand has weakened due to higher inventories amongst its customers. Consequently, first half volumes will be in the range 210-225MW, a reduction of 20MW on where it would have hoped to be. Average selling prices are expected to be Eu0.67 per watt, which is slightly lower than that in FY10 and will be countered by cost reduction measures that have been brought forward and also by internal polysilicon production, resulting in a positive impact on margins. Broker Peel Hunt has reduced its forecast from Eu50.8m pretax to Eu45m (eps ...

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Superglass

Mears - 93% of forecast sales in the bag

PV Crystallox Solar (March 2011)

PV Crystallox Solar - Running at full capacity (December 2010)

PV Crystallox Solar (September 2010)

PV Crystalox Solar - Raises guidance on volumes and ASP's (June 2010)

PV Crystalox Solar - Grid parity becoming a reality (May 2010)

PV Crystalox Solar (June 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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