PVCS
Posted: July 1st, 2020, 11:37 am
A quick one for a quick return.
PVCS, a business that used to make solar panels until China ate the market, is now trying to become a general purpose industrial, using its slicing tech to slice other things. I hope they do well.
However, from an investor point of view, the company has declared that they intend to delist. At least one distribution will be made to shareholders, one is already announced. Others will no doubt requires shareholder approval.
The sp is 40p today, and they have announced that they will return £2m (27p). But they have £7.5m cash.
So I think there's a good chance you can buy 90p worth of company for 40p.
note: its 46p today, I think the market has noticed.
PVCS, a business that used to make solar panels until China ate the market, is now trying to become a general purpose industrial, using its slicing tech to slice other things. I hope they do well.
However, from an investor point of view, the company has declared that they intend to delist. At least one distribution will be made to shareholders, one is already announced. Others will no doubt requires shareholder approval.
The sp is 40p today, and they have announced that they will return £2m (27p). But they have £7.5m cash.
So I think there's a good chance you can buy 90p worth of company for 40p.
note: its 46p today, I think the market has noticed.