Post a Comment Print Share on Facebook

reads.

REC-bang on the 560 million

(Finansavisen.no): - today, it is so that most of the revenue of the company comes from semiconductorindustrien, where the market is good. At the same time, it is still challenging in the silisiumsegmentet because of handelskrigen between the united STATES and China, " says Jens Ulltveit-Moe, investor and chairman of the board of REC Silicon.

so basically want out after that the company in the first quarter could show to the best operating profit in three years. Production increased due to high demand, the cost was reduced and cash in hand let on 7.4 million dollars, writes Finansavisen.

the REC share was the most traded for a dime in January of this year, but for the shareholders to have share prices that later time become a very sad affair.

560 million

Ulltveit-Moe is REC Silicons largest shareholder with 583 million shares, after he started to stock up solenergiaksjer for around seven years ago.

the Wealth of the investor is now halved from the peak of 8.3 billion in 2007, according to the Capital, and the main culprits are the blood-red development in REC Silicon and a costly investment in bioethanol in Brazil, writes Finansavisen.

Since the new year is REC-the values of the investor shaved with 560 million, after the REC-the stock is down around 60 percent, according to the newspaper.

Still, it is the long-standing handelskrigen between the united STATES and China that is the main problem, and without the conflict would REC Silicon made money in years, mean Ulltveit-Moe.

- It is a regrettable fact, but it is still where we are. When it comes to handelskrigen, it is difficult to say whether it will go towards a solution. Washington is still holding the cards close to her chest. Officially, there is no progress, but it may be there is a part in the scenes, he says to Mallorca.

Earlier in the autumn, he believed aksjeutviklingen was "to cry".

- It is difficult to comment on as chairman of the board, but the price of the stock is what it is and what the market values it. I foresaw the growth in solbransjen, but not handelskrigen which came as an external shock. I would, naturally, wants, that I also so handelskrigen come, but it would at the same time probably been a little more than much to demand, he says, according to the newspaper.

Think the current downturn continues,

Analyst Jonas Meyer in SpareBank1 Markets have had salgsanbefaling on REC Silicon's shares for a long period of time because of overkapasiteten in silisiummarkedet.

He points to the fact that REC has a cost for its silicon on the 15 dollar kiloen, but that solcelleråvaren in the day sold for under 10 dollars kiloen., write the newspaper.

and with that to build new capacity in China for around 13 dollars kiloen, so we believe there is low probability that the REC earn money on the silicon, as long as handelskrigen progress. We have as the "base case" that the entire plant in Moses Lake will be shut down. When we believe the stock can fall any more, says Meyer to Mallorca.

currency:
The big downturn is approaching
the Norwegian-analyst: the Company can go out of money

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.