5N PLUS: CdTe Lieferant von FirstSolar und Calyxo - 500 Beiträge pro Seite
eröffnet am 04.01.08 13:16:14 von
neuester Beitrag 30.03.19 15:33:50 von
neuester Beitrag 30.03.19 15:33:50 von
Beiträge: 239
ID: 1.136.928
ID: 1.136.928
Aufrufe heute: 0
Gesamt: 15.618
Gesamt: 15.618
Aktive User: 0
ISIN: CA33833X1015 · WKN: A0NAH2 · Symbol: VNP
4,6800
CAD
-1,68 %
-0,0800 CAD
Letzter Kurs 24.04.24 Toronto
Werte aus der Branche Erneuerbare Energien
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,0000 | +49.900,00 | |
| 3,1000 | +43,52 | |
| 0,5446 | +21,05 | |
| 1,1700 | +17,00 | |
| 3,8700 | +13,49 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 3,6400 | -5,70 | |
| 1,0580 | -6,70 | |
| 3,6550 | -6,76 | |
| 3,3060 | -7,24 | |
| 9,4000 | -10,48 |
Feedback
Sind am 20.12. in Toronto zu 3,00 CAD an die Börse gegangen
Kurs aktuell ca. 7,50 CAD
werde nachher wohl ein paar Guckstücke in Toronto kaufen.
später mehr.
Kurs aktuell ca. 7,50 CAD
werde nachher wohl ein paar Guckstücke in Toronto kaufen.
später mehr.
Antwort auf Beitrag Nr.: 32.938.328 von meinolf67 am 04.01.08 13:16:14Hi,
hast du mal ein paar fundamentals, danke
hast du mal ein paar fundamentals, danke
Thu Dec 20, 2:36 PM
0
* What's this
By The Canadian Press
ADVERTISEMENT
MONTREAL - High-purity metals processor 5N Plus Inc. (TSX:VNP) has completed its initial public offering of 10 million shares at $3.00 each.
The stock rose to over $5.00 in its Toronto Stock Exchange debut Thursday. The company, which draws its name from the 99.999 per cent purity of the specialty metals such as tellurium, cadmium and selenium which it refines for electronics makers, intends to use the proceeds of the $30-million issue to build a new cadmium telluride plant in Eisenhuttenstadt, Germany, as well as to fund capital projects at its Montreal facility, repay debt, and apply to general corporate purposes.
In a parallel secondary offering, II-VI Inc. of Saxonburg, Penn., an investor in 5N Plus, sold its entire holding of 10.7 million shares for $32 million.
5N Plus has 40 million shares outstanding.
The stock, sold through a syndicate led by National Bank Financial and including GMP Securities, Blackmont Capital, MGI Securities and Laurentian Bank Securities, traded at $5.20 with 7.7 million shares changing hands on the TSX by midafternoon.
0
* What's this
By The Canadian Press
ADVERTISEMENT
MONTREAL - High-purity metals processor 5N Plus Inc. (TSX:VNP) has completed its initial public offering of 10 million shares at $3.00 each.
The stock rose to over $5.00 in its Toronto Stock Exchange debut Thursday. The company, which draws its name from the 99.999 per cent purity of the specialty metals such as tellurium, cadmium and selenium which it refines for electronics makers, intends to use the proceeds of the $30-million issue to build a new cadmium telluride plant in Eisenhuttenstadt, Germany, as well as to fund capital projects at its Montreal facility, repay debt, and apply to general corporate purposes.
In a parallel secondary offering, II-VI Inc. of Saxonburg, Penn., an investor in 5N Plus, sold its entire holding of 10.7 million shares for $32 million.
5N Plus has 40 million shares outstanding.
The stock, sold through a syndicate led by National Bank Financial and including GMP Securities, Blackmont Capital, MGI Securities and Laurentian Bank Securities, traded at $5.20 with 7.7 million shares changing hands on the TSX by midafternoon.
Attention Business/Financial Editors
5N Plus Inc. Issues Additional Shares on Exercise of Over-Allotment Option
/This release is intended for distribution in Canada only and is not
intended for distribution to United States newswire services or for
dissemination in the United States/
<<
- 5N Plus Inc. Issues 1.5 Million Additional Shares for Proceeds of
$4.5 Million
- Increases Total Size of Initial Public Offering to $66.5 Million
MONTREAL, Dec. 21 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) announced today
that it has issued 1,500,000 additional common shares following the exercise
in full of an over-allotment option by the underwriters of 5N Plus' initial
public offering. The 1,500,000 additional shares were issued at the offering
price of $3.00 per share, for gross proceeds to 5N Plus of $4.5 million.
At the closing of the initial public offering held yesterday, December 20,
2007, 5N Plus issued 10,000,000 common shares for gross proceeds to it of $30
million. As a result of the exercise in full of the over-allotment option, 5N
Plus raised a total of $34.5 million in its initial public offering, by
issuing a total of 11,500,000 common shares.
The 1,500,000 additional common shares were sold to a syndicate of
underwriters led by National Bank Financial Inc. and including GMP Securities
L.P., Blackmont Capital Inc., MGI Securities Inc. and Laurentian Bank
Securities Inc. The net proceeds from the exercise of the over-allotment
option will be used by 5N Plus for general corporate purposes and working
capital.
At the initial closing of the offering held on December 20, II-VI
Incorporated of Saxonburg, Pennsylvania, a minority shareholder, sold
10,671,801 common shares for gross proceeds to II-VI Incorporated of
$32 million. As a result, II-VI Incorporated (NASDAQ GS:IIVI) does not hold
any shares of 5N Plus. The exercise of the over-allotment option has brought
the total size of the initial public offering and secondary offering to
$66,515,403.
Following the exercise of the over-allotment option, there are
41,500,000 common shares of 5N Plus issued and outstanding.
The common shares of 5N Plus have not been registered under the United
States Securities Act of 1933, as amended, and subject to certain exceptions,
may not be offered or sold within the United States.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five
nines or 5N) and more. 5N Plus, which has its head office in Montreal, Qu�bec,
develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaics) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at
www.5nplus.com.
>>
5N Plus Inc. Issues Additional Shares on Exercise of Over-Allotment Option
/This release is intended for distribution in Canada only and is not
intended for distribution to United States newswire services or for
dissemination in the United States/
<<
- 5N Plus Inc. Issues 1.5 Million Additional Shares for Proceeds of
$4.5 Million
- Increases Total Size of Initial Public Offering to $66.5 Million
MONTREAL, Dec. 21 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) announced today
that it has issued 1,500,000 additional common shares following the exercise
in full of an over-allotment option by the underwriters of 5N Plus' initial
public offering. The 1,500,000 additional shares were issued at the offering
price of $3.00 per share, for gross proceeds to 5N Plus of $4.5 million.
At the closing of the initial public offering held yesterday, December 20,
2007, 5N Plus issued 10,000,000 common shares for gross proceeds to it of $30
million. As a result of the exercise in full of the over-allotment option, 5N
Plus raised a total of $34.5 million in its initial public offering, by
issuing a total of 11,500,000 common shares.
The 1,500,000 additional common shares were sold to a syndicate of
underwriters led by National Bank Financial Inc. and including GMP Securities
L.P., Blackmont Capital Inc., MGI Securities Inc. and Laurentian Bank
Securities Inc. The net proceeds from the exercise of the over-allotment
option will be used by 5N Plus for general corporate purposes and working
capital.
At the initial closing of the offering held on December 20, II-VI
Incorporated of Saxonburg, Pennsylvania, a minority shareholder, sold
10,671,801 common shares for gross proceeds to II-VI Incorporated of
$32 million. As a result, II-VI Incorporated (NASDAQ GS:IIVI) does not hold
any shares of 5N Plus. The exercise of the over-allotment option has brought
the total size of the initial public offering and secondary offering to
$66,515,403.
Following the exercise of the over-allotment option, there are
41,500,000 common shares of 5N Plus issued and outstanding.
The common shares of 5N Plus have not been registered under the United
States Securities Act of 1933, as amended, and subject to certain exceptions,
may not be offered or sold within the United States.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five
nines or 5N) and more. 5N Plus, which has its head office in Montreal, Qu�bec,
develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaics) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at
www.5nplus.com.
>>
In October 2005, 5N Plus inaugurated a new plant near the existing installations, thus increasing the space available for our very-high-purity product line.
This new space is equipped with clean rooms and state-of-the-art production facilities, which enables us to process our products in a controlled environment and ensure their total purity until they are shipped.
This new space is equipped with clean rooms and state-of-the-art production facilities, which enables us to process our products in a controlled environment and ensure their total purity until they are shipped.
Trading Spotlight
MONTREAL, Jan. 3 /CNW Telbec/ - 5N Plus announced that it will report financial results for the second quarter on Tuesday, January 8th, 2008. 5N Plus will host a conference call at 10:00 a.m., on Wednesday, January 9th. Interested parties may also access the conference call by webcast at www.5nplus.com
The telephone numbers to access the conference call are 800-733-7571, 416-644-3414 or 514-807-8791.
OPEN TO: Analysts, investors and all interested parties
DATE: January 9th, 2008
TIME: 10h00 Eastern Time
Interested parties will access the discussion by webcast at
www.5nplus.com
MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY FOR PERMISSION.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaics) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at www.5nplus.com
The telephone numbers to access the conference call are 800-733-7571, 416-644-3414 or 514-807-8791.
OPEN TO: Analysts, investors and all interested parties
DATE: January 9th, 2008
TIME: 10h00 Eastern Time
Interested parties will access the discussion by webcast at
www.5nplus.com
MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY FOR PERMISSION.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaics) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at www.5nplus.com
So, eben 100 Stk. zu 8 CAD gekauft.
Üble Spesen, aber man will es ja im Auge behalten.
GJ-Ende war der 31.5.; bezogen darauf beträgt das KGV ca. 92.
KBV ist 8.
wieder mal teuer, aber die Fertigungsstätte in Deutschland soll allein zu einer Verdoppelung der bisherigen Kapazität führen.
Selbst unter Einbeziehung des neu eingesammelten Kapitals eine EK-Rendite von knapp 10%; vorher waren es eher 30%.
Schaun mer mal, für mich ist das Primärinteresse, zu erkennen ob FSLR mal ein Rohstoffproblem bekommt....
Üble Spesen, aber man will es ja im Auge behalten.
GJ-Ende war der 31.5.; bezogen darauf beträgt das KGV ca. 92.
KBV ist 8.
wieder mal teuer, aber die Fertigungsstätte in Deutschland soll allein zu einer Verdoppelung der bisherigen Kapazität führen.
Selbst unter Einbeziehung des neu eingesammelten Kapitals eine EK-Rendite von knapp 10%; vorher waren es eher 30%.
Schaun mer mal, für mich ist das Primärinteresse, zu erkennen ob FSLR mal ein Rohstoffproblem bekommt....
Antwort auf Beitrag Nr.: 32.940.610 von meinolf67 am 04.01.08 16:22:49GJ-Ende war der 31.5.; bezogen darauf beträgt das KGV ca. 92.
KBV ist 8.
Billig würd ich das nicht nennen!
KBV ist 8.
Billig würd ich das nicht nennen!
Antwort auf Beitrag Nr.: 32.940.634 von HuskyEnergy am 04.01.08 16:24:13Hab ich ja auch nicht gesagt. 
hallo leute,
klingt ja interessant!
leider kann ich den wert bei cortal consors nicht finden?
weder mit dem namen noch mit der wkn
hilft mir bitte jemand?
danke!
klingt ja interessant!
leider kann ich den wert bei cortal consors nicht finden?
weder mit dem namen noch mit der wkn
hilft mir bitte jemand?
danke!
Antwort auf Beitrag Nr.: 32.944.619 von brady13 am 04.01.08 21:23:53Habe es eben bei Consors versucht. Finde ich auch nicht.
Bei comdirect geht es. Bei Finanznachrichten.de auch.
Beschwer Dich einfach bei Consors.
WKN ist: A0NAH2
Bei comdirect geht es. Bei Finanznachrichten.de auch.
Beschwer Dich einfach bei Consors.
WKN ist: A0NAH2
Antwort auf Beitrag Nr.: 32.945.379 von meinolf67 am 04.01.08 22:20:44unter der wkn finde ich bei comdirekt nichts aber dafür unter 5n plus!
danke!
hat hier jemand erfahrungen mit comdirect?
würde mich freuen? haben die noch immer das kostenlose depot?
sind die orders teuer?
na ich werde mich wohl selber schlau machen müssen.
falls jemans was weiß, gerne per pm an mich!
danke, nochmal meinolf!
danke!
hat hier jemand erfahrungen mit comdirect?
würde mich freuen? haben die noch immer das kostenlose depot?
sind die orders teuer?
na ich werde mich wohl selber schlau machen müssen.
falls jemans was weiß, gerne per pm an mich!
danke, nochmal meinolf!
5N Plus Inc. Reports Record Sales and Earnings for the Second Quarter of 2008
Tuesday January 8, 6:21 pm ET
MONTREAL, Jan. 8 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP - News) today announced financial results for the second quarter of fiscal 2008 ended November 30, 2007. Net earnings for the second quarter of 2008 reached a record level of $1,219,548 (4 cents per share), which represents a 40.6% increase over net earnings of $867,255 (3 cents per share) for the second quarter of the previous fiscal year. Sales for the quarter also reached a record level of $6,795,743, up by 39.0% compared with sales of $4,889,938 for the second quarter of the previous fiscal year. EBITDA(1) increased by 49.2% for the second quarter of fiscal 2008 to a record level of $2,318,111 up from $1,553,343 during the second quarter of the previous fiscal year.
ADVERTISEMENT
For the six month period ended November 30, 2007, net earnings increased by 49.3% to $2,318,804 (8 cents per share) and sales by 34.7% to $13,190,216. This compares with earnings of $1,553,581 (5 cents per share) and sales of $9,793,091 for the same period of the previous fiscal year. EBITDA(1) also increased by a similar amount, 49.7%, up from $2,946,905 during the six month period ended November 30, 2006, to $4,411,869 during the six month period ended November 30, 2007.
"We are very pleased to report our second quarter results to our shareholders, our employees and other stakeholders as we take on the challenges of a publicly traded company and the associated opportunities" commented Mr. Jacques L'Ecuyer, President and Chief Executive Officer. He added, "These results reflect our increasing penetration of the solar cell market where we expect growing demand for our products. We are making significant investments to address this forecasted growth in demand, which include our new Eisenhuttenstadt plant in Germany and additions to our Montreal facility aimed at increasing capacity and improving efficiency. Our recent successful initial public offering, which yielded net proceeds of approximately $31,500,000, will enable us to pursue our investment program as planned."
Mr. L'Ecuyer concluded, "We are also pleased to welcome to our board of directors two new independent members, namely Mr. Jean-Marie Bourassa, CA (Managing Partner of Bourassa Boyer Inc.), who will chair our audit committee, and Mr. Pierre Shoiry (Chief Executive Officer of Genivar (TSX:GNV-U - News)). Both will bring valuable experience and knowledge that will strengthen our largely independent board of directors chaired by Mr. Dennis Wood."
Webcast Information
Tuesday January 8, 6:21 pm ET
MONTREAL, Jan. 8 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP - News) today announced financial results for the second quarter of fiscal 2008 ended November 30, 2007. Net earnings for the second quarter of 2008 reached a record level of $1,219,548 (4 cents per share), which represents a 40.6% increase over net earnings of $867,255 (3 cents per share) for the second quarter of the previous fiscal year. Sales for the quarter also reached a record level of $6,795,743, up by 39.0% compared with sales of $4,889,938 for the second quarter of the previous fiscal year. EBITDA(1) increased by 49.2% for the second quarter of fiscal 2008 to a record level of $2,318,111 up from $1,553,343 during the second quarter of the previous fiscal year.
ADVERTISEMENT
For the six month period ended November 30, 2007, net earnings increased by 49.3% to $2,318,804 (8 cents per share) and sales by 34.7% to $13,190,216. This compares with earnings of $1,553,581 (5 cents per share) and sales of $9,793,091 for the same period of the previous fiscal year. EBITDA(1) also increased by a similar amount, 49.7%, up from $2,946,905 during the six month period ended November 30, 2006, to $4,411,869 during the six month period ended November 30, 2007.
"We are very pleased to report our second quarter results to our shareholders, our employees and other stakeholders as we take on the challenges of a publicly traded company and the associated opportunities" commented Mr. Jacques L'Ecuyer, President and Chief Executive Officer. He added, "These results reflect our increasing penetration of the solar cell market where we expect growing demand for our products. We are making significant investments to address this forecasted growth in demand, which include our new Eisenhuttenstadt plant in Germany and additions to our Montreal facility aimed at increasing capacity and improving efficiency. Our recent successful initial public offering, which yielded net proceeds of approximately $31,500,000, will enable us to pursue our investment program as planned."
Mr. L'Ecuyer concluded, "We are also pleased to welcome to our board of directors two new independent members, namely Mr. Jean-Marie Bourassa, CA (Managing Partner of Bourassa Boyer Inc.), who will chair our audit committee, and Mr. Pierre Shoiry (Chief Executive Officer of Genivar (TSX:GNV-U - News)). Both will bring valuable experience and knowledge that will strengthen our largely independent board of directors chaired by Mr. Dennis Wood."
Webcast Information
Next Webcast - January 9th, 2008 at 10h00 EST
log in ---> http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2120…
log in ---> http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2120…
Antwort auf Beitrag Nr.: 32.993.291 von Hoerschwelle am 09.01.08 14:51:47http://isht.comdirect.de/charts/big.chart?hist=3m&type=CONNE…
... und, jemand dabei gewesen?
http://webcast.newswire.ca/archive/5nplus/5nplus20080109.wma
Na dann will ich mal lauschen
http://webcast.newswire.ca/archive/5nplus/5nplus20080109.wma
Na dann will ich mal lauschen
Antwort auf Beitrag Nr.: 32.998.838 von Hoerschwelle am 09.01.08 21:02:29...und?
was denkste?
FSLR ist 60% Kunde
Eisenhüttenstadt soll am 31.7.08 in Betrieb gehen.
Kg-Preis von Te zwischen 300-500 USD
macht bei 0,13g/Wp für FSLR immerhin schon mindestens 4c, wahrscheinlicher aber 6c oder mehr.
Im Q3 wiesen Sie unter "Cost of goods sold" 24,537 Mio. bei 69,4 MW aus;
=> also 35c/Wp, bedeutet einen Te-Anteil an den Produktionskosten von MINDESTENS gut 11%, realistischerweise wahrscheinlich eher größer 20%
Wenn sich der Te-Preis z.B. verdoppelt, dann sollte man das wiederfinden.
Hinsichtlich der Versorgungslage habe ich zum ersten Mal Analystenfragen gehört. Die Antwort lautete:
"we expect Te-production will gradually increase... and no near-term or mid-term supply problems"
Interessanterweise scheint man die malayischen Werke bisher NICHT als Kunden gewonnen zu haben.
======
jetz noch was globales:
lt. Wiki (http://en.wikipedia.org/wiki/Tellurium) ist Te sehr selten
Occurrence
With an abundance in the Earth's crust even lower than platinum, tellurium is, apart from the precious metals, the rarest stable solid element in the earth's crust. Its abundance by mass is less than 0.001 ppm, compare with 0.037 ppm for platinum. By comparison, even the rarest of the lanthanides have crustal abundances of 0.5 ppm.
The extreme rarity of tellurium in the Earth's crust is not a reflection of its cosmic abundance, which is in fact greater than that of rubidium[1], even though rubidium is ten thousand times more abundant in the Earth's crust. Rather, the extraordinarily low abundance of tellurium on Earth results from the fact that, during the formation of the Earth, the stable form of elements in the absence of oxygen and water was controlled by the oxidation and reduction of hydrogen. Under this scenario elements such as tellurium which form volatile hydrides were severely depleted during the formation of the Earth's crust through evaporation. Tellurium and selenium are the heavy elements most depleted in the Earth's crust by this process.
Tellurium is sometimes found in its native (elemental) form, but is more often found as the tellurides of gold (calaverite, krennerite, petzite, sylvanite, and others). Tellurium compounds are the only chemical compounds of gold found in nature, but tellurium itself (unlike gold) is also found combined with other elements (in metallic salts). The principal source of tellurium is from anode sludges produced during the electrolytic refining of blister copper. It is a component of dusts from blast furnace refining of lead. Treatment of 500 tons of copper ore typically yields one pound of tellurium. Tellurium is produced mainly in the US, Canada, Peru, and Japan. See here.
Commercial-grade tellurium is usually marketed as minus 200-mesh powder but is also available as slabs, ingots, sticks, or lumps. The year-end price for tellurium in 2000 was US$14 per pound. In recent years, tellurium price was driven up by increased demand and limited supply, reaching as high as US$100 per pound in 2006
was denkste?
FSLR ist 60% Kunde
Eisenhüttenstadt soll am 31.7.08 in Betrieb gehen.
Kg-Preis von Te zwischen 300-500 USD
macht bei 0,13g/Wp für FSLR immerhin schon mindestens 4c, wahrscheinlicher aber 6c oder mehr.
Im Q3 wiesen Sie unter "Cost of goods sold" 24,537 Mio. bei 69,4 MW aus;
=> also 35c/Wp, bedeutet einen Te-Anteil an den Produktionskosten von MINDESTENS gut 11%, realistischerweise wahrscheinlich eher größer 20%
Wenn sich der Te-Preis z.B. verdoppelt, dann sollte man das wiederfinden.
Hinsichtlich der Versorgungslage habe ich zum ersten Mal Analystenfragen gehört. Die Antwort lautete:
"we expect Te-production will gradually increase... and no near-term or mid-term supply problems"
Interessanterweise scheint man die malayischen Werke bisher NICHT als Kunden gewonnen zu haben.
======
jetz noch was globales:
lt. Wiki (http://en.wikipedia.org/wiki/Tellurium) ist Te sehr selten
Occurrence
With an abundance in the Earth's crust even lower than platinum, tellurium is, apart from the precious metals, the rarest stable solid element in the earth's crust. Its abundance by mass is less than 0.001 ppm, compare with 0.037 ppm for platinum. By comparison, even the rarest of the lanthanides have crustal abundances of 0.5 ppm.
The extreme rarity of tellurium in the Earth's crust is not a reflection of its cosmic abundance, which is in fact greater than that of rubidium[1], even though rubidium is ten thousand times more abundant in the Earth's crust. Rather, the extraordinarily low abundance of tellurium on Earth results from the fact that, during the formation of the Earth, the stable form of elements in the absence of oxygen and water was controlled by the oxidation and reduction of hydrogen. Under this scenario elements such as tellurium which form volatile hydrides were severely depleted during the formation of the Earth's crust through evaporation. Tellurium and selenium are the heavy elements most depleted in the Earth's crust by this process.
Tellurium is sometimes found in its native (elemental) form, but is more often found as the tellurides of gold (calaverite, krennerite, petzite, sylvanite, and others). Tellurium compounds are the only chemical compounds of gold found in nature, but tellurium itself (unlike gold) is also found combined with other elements (in metallic salts). The principal source of tellurium is from anode sludges produced during the electrolytic refining of blister copper. It is a component of dusts from blast furnace refining of lead. Treatment of 500 tons of copper ore typically yields one pound of tellurium. Tellurium is produced mainly in the US, Canada, Peru, and Japan. See here.
Commercial-grade tellurium is usually marketed as minus 200-mesh powder but is also available as slabs, ingots, sticks, or lumps. The year-end price for tellurium in 2000 was US$14 per pound. In recent years, tellurium price was driven up by increased demand and limited supply, reaching as high as US$100 per pound in 2006
Hiernach sind es bis zu 700 to/a:
http://www.uniterra.de/rutherford/ele052.htm
Verwendung
Jährlich werden von Tellur zwischen 250 und 700 Tonnen gewonnen. Verwendung findet überwiegend seine metallische Form in Stahl-, Aluminium- und Kupferlegierungen. Es wird in Katalysatoren der chemischen Industrie und zur Herstellung von Elektronikbauteilen in der Halbleitertechnik eingesetzt. Darüber hinaus wird es auch in Photozellen zur Nutzung der Sonnenenergie verarbeitet
http://www.uniterra.de/rutherford/ele052.htm
Verwendung
Jährlich werden von Tellur zwischen 250 und 700 Tonnen gewonnen. Verwendung findet überwiegend seine metallische Form in Stahl-, Aluminium- und Kupferlegierungen. Es wird in Katalysatoren der chemischen Industrie und zur Herstellung von Elektronikbauteilen in der Halbleitertechnik eingesetzt. Darüber hinaus wird es auch in Photozellen zur Nutzung der Sonnenenergie verarbeitet
Antwort auf Beitrag Nr.: 33.007.681 von meinolf67 am 10.01.08 15:52:12Ich stehe im Augenblick in Gesprächen mit einer CdTe Firma über die möglichen Mengen der weltweiten Te Produktion. Über 5N dekt, wie Du sagst FSLR 60% ab, aber es gibt ja eben nicht nur 5N. Sobald ich näheres weiss, melde ich mich.
Nach meinem inoffiziellen Kenntnisstand liegt die Produktionsmenge weit höher als angenommen. Die ehemaligen Ostblockstaaten spielen dabei eine Zentrale Rolle ...
Ansonsten in 5N nicht übel, wobei mich der Cast nicht vom Hocker gehauen hat.
Das CdTe Thema wird, soweit ich das interpretieren kann, zur Zeit im wesentlichen zur Stimmungsmache eingesetzt. Fundamental gibt es da die unterschiedlichsten Statements ...
Nach meinem inoffiziellen Kenntnisstand liegt die Produktionsmenge weit höher als angenommen. Die ehemaligen Ostblockstaaten spielen dabei eine Zentrale Rolle ...
Ansonsten in 5N nicht übel, wobei mich der Cast nicht vom Hocker gehauen hat.
Das CdTe Thema wird, soweit ich das interpretieren kann, zur Zeit im wesentlichen zur Stimmungsmache eingesetzt. Fundamental gibt es da die unterschiedlichsten Statements ...
Antwort auf Beitrag Nr.: 33.009.272 von meinolf67 am 10.01.08 17:23:42Von 2006 ist die Feststellung, wer weiss wann die Daten tatsächlich gesammelt wurden
laut H&M, einem Metallhändler, beträgt die Weltjahresproduktion an Tellur ca. 25o Tonnen, geschätzt.
und es gilt als giftig.
und es gilt als giftig.
Antwort auf Beitrag Nr.: 33.021.673 von Robert_Reichschwein am 11.01.08 16:19:18Viel höher.
http://seekingalpha.com/article/60008-5n-plus-f2q08-qtr-end-…
5N Plus Inc (VNP)
F2Q08 Earnings Call
January 9, 2008 10:00 am ET
Executives
Jacques L’Ecuyer – President, Chief Executive Officer & Director
Christian Dupont – Chief Financial Officer
Analysts
Carolina Vargas – Clarus Securities, Inc.
Rupert Merer – National Bank Financial
Lisa Brown – GMP Securities, LP
[Patrick Chan] – TD Waterhouse
Ian Thorpe – Dundee Securities
Mac Whale – Cormark Securities
Presentation
Operator
Welcome to the 5N Plus Fiscal Year 2008 Second quarter results conference call. At this time all participants are in the listen only mode. (Operator Instructions) I would now like to turn the conference over to Mr. Jacque Philippe L’Ecuyer, President and Chief Executive Officer. (French Translation)
Jacques L’Ecuyer
Good morning everyone and thank you for joining us today for the 5N Plus FY08 second quarter results presentation. This is our first ever webcast conference as we’ve just very recently completed our IPO on December 20th and now take on the challenges of regular reporting to the public. A quick reminder concerning our second quarter results which were issued earlier this morning together with our MD&A and financial statements. If you’ve not been able to geta copy of these documents I invite you to doso by accessing the center website at www.sedar.com where these documents are posted.
Joining me this morning is Christian Dupont our Chief Financial Officer who will be providing you with more detailed information later during the call concerning our financial statements. For those of you who are not very familiar with our corporation we are a producer of high-purity metals and compounds for electronic applications and we draw our name from the nominal purity of the products that we sell. 99.999%, five nines or five N’s and above.
We develop and produce such metals and compounds and provide our customers with recycling solutions. We have our head offices in Montreal Quebec, Canada and are currently building a new facility in Eisenhüttenstadt, Germany which is approximately 150 kilometers east of Berlin. We are an integrated producer with both primary and secondary refining capabilities and we focus on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. We sell our products in a number of electronic applications, including the rapidly expanding solar cell market of thin-film photovoltaics and the radiation detector market where our products are used for medical imaging, for example.
Now before discussing our results, I would like to mention that we may be making forward-looking statements during this call and that such statements involves significant risks, uncertainties, and assumptions and are therefore subject to the usual cautionary remarks. For a list of the factors that could cause our actual results to differ materially from those discussed or implied in our forward-looking statement we refer you to the risk factor section of the prospectus that we filled on December 12, 2007.
5N Plus Inc (VNP)
F2Q08 Earnings Call
January 9, 2008 10:00 am ET
Executives
Jacques L’Ecuyer – President, Chief Executive Officer & Director
Christian Dupont – Chief Financial Officer
Analysts
Carolina Vargas – Clarus Securities, Inc.
Rupert Merer – National Bank Financial
Lisa Brown – GMP Securities, LP
[Patrick Chan] – TD Waterhouse
Ian Thorpe – Dundee Securities
Mac Whale – Cormark Securities
Presentation
Operator
Welcome to the 5N Plus Fiscal Year 2008 Second quarter results conference call. At this time all participants are in the listen only mode. (Operator Instructions) I would now like to turn the conference over to Mr. Jacque Philippe L’Ecuyer, President and Chief Executive Officer. (French Translation)
Jacques L’Ecuyer
Good morning everyone and thank you for joining us today for the 5N Plus FY08 second quarter results presentation. This is our first ever webcast conference as we’ve just very recently completed our IPO on December 20th and now take on the challenges of regular reporting to the public. A quick reminder concerning our second quarter results which were issued earlier this morning together with our MD&A and financial statements. If you’ve not been able to geta copy of these documents I invite you to doso by accessing the center website at www.sedar.com where these documents are posted.
Joining me this morning is Christian Dupont our Chief Financial Officer who will be providing you with more detailed information later during the call concerning our financial statements. For those of you who are not very familiar with our corporation we are a producer of high-purity metals and compounds for electronic applications and we draw our name from the nominal purity of the products that we sell. 99.999%, five nines or five N’s and above.
We develop and produce such metals and compounds and provide our customers with recycling solutions. We have our head offices in Montreal Quebec, Canada and are currently building a new facility in Eisenhüttenstadt, Germany which is approximately 150 kilometers east of Berlin. We are an integrated producer with both primary and secondary refining capabilities and we focus on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. We sell our products in a number of electronic applications, including the rapidly expanding solar cell market of thin-film photovoltaics and the radiation detector market where our products are used for medical imaging, for example.
Now before discussing our results, I would like to mention that we may be making forward-looking statements during this call and that such statements involves significant risks, uncertainties, and assumptions and are therefore subject to the usual cautionary remarks. For a list of the factors that could cause our actual results to differ materially from those discussed or implied in our forward-looking statement we refer you to the risk factor section of the prospectus that we filled on December 12, 2007.
2008-01-23
Next Webcast - April 2008
Third quarter financial results.
2008-01-23
Next Webcast - April 2008
Next Webcast - April 2008
Third quarter financial results.
2008-01-23
Next Webcast - April 2008
Schöner Kursanstieg
das ding steig und steigt und ich hab kein geld an der seitenlinie.
haben dir ihre fabrik in germany denn schon auf die beine gestellt?
irgendwer der die letzten cc's verfolg hat?
hab bald n bisschen war übrig und überlege hmmm
danke schonmal!
haben dir ihre fabrik in germany denn schon auf die beine gestellt?
irgendwer der die letzten cc's verfolg hat?
hab bald n bisschen war übrig und überlege hmmm
danke schonmal!
Antwort auf Beitrag Nr.: 33.755.729 von brady13 am 28.03.08 22:02:19Fabrik in D soll im Sommer in Betrieb gehen.
5N Plus Inc. Reports Record Sales and Earnings for the Third Quarter of 2008
MONTREAL, April 7 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) today announced
financial results for the third quarter of fiscal 2008 ended February 29,
2008. Net earnings for the third quarter reached a record level of $2,268,712
(6 cents per share), which represents a 184.3% increase over net earnings of
$798,073 (3 cents per share) for the third quarter of the previous fiscal
year. Sales for the quarter also reached a record level of $8,358,817, up by
50.5% compared with sales of $5,554,737 for the third quarter of the previous
fiscal year. EBITDA(1) increased by 93.7% in the third quarter to a record
level of $3,423,415 up from $1,767,318 during the third quarter of the
previous fiscal year.
For the nine-month period ended February 29, 2008, net earnings increased
by 95.1% to $4,587,516 (14 cents per share), and sales by 40.4% to
$21,549,033. This compares with earnings of $2,351,654 (8 cents per share) and
sales of $15,347,828 for the same period of the previous fiscal year.
EBITDA(1) also increased by 66.2% up from $4,714,223 during the nine- month
period ended February 28, 2007, to $7,835,284 during the corresponding period
of the current fiscal year.
"We (TSX:VNP) are pleased to report our third quarter results which
exceeded our expectations both in terms of sales and profitability. Closing of
our initial public offering ("IPO") occurred early in the quarter and these
results therefore reflect our performance as a publicly traded company."
commented Mr. Jacques L'Ecuyer, President and Chief Executive Officer. He
added, "Net earnings, EBITDA(1) and sales all reached record levels during the
quarter and the nine- month period considered. This is largely the result of a
continuing and increasing demand for our products in the photovoltaic market,
and to a lesser extent in the radiation detector market, combined with
improvements in operating performance which have led to increased production
throughput. We are also making steady progress at our new Eisenhuttenstadt
plant in Germany, the construction of which is now almost completed. Although
we have experienced some minor delays in the delivery of the building, we
continue to expect the plant to be operational by the end of July 2008 in
accordance with our contractual obligations towards our customers."
Mr. L'Ecuyer concluded, "Aside from providing us with means for funding
the construction of our German facility, our recent IPO has significantly
raised our profile and exposure, creating a number of new potential growth
opportunities that we hope to take advantage of in the future. Our IPO has
also enabled us to increase and promote, through direct stock purchases and
our stock option plan, employee ownership, an important component of our
corporate strategy."
MONTREAL, April 7 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) today announced
financial results for the third quarter of fiscal 2008 ended February 29,
2008. Net earnings for the third quarter reached a record level of $2,268,712
(6 cents per share), which represents a 184.3% increase over net earnings of
$798,073 (3 cents per share) for the third quarter of the previous fiscal
year. Sales for the quarter also reached a record level of $8,358,817, up by
50.5% compared with sales of $5,554,737 for the third quarter of the previous
fiscal year. EBITDA(1) increased by 93.7% in the third quarter to a record
level of $3,423,415 up from $1,767,318 during the third quarter of the
previous fiscal year.
For the nine-month period ended February 29, 2008, net earnings increased
by 95.1% to $4,587,516 (14 cents per share), and sales by 40.4% to
$21,549,033. This compares with earnings of $2,351,654 (8 cents per share) and
sales of $15,347,828 for the same period of the previous fiscal year.
EBITDA(1) also increased by 66.2% up from $4,714,223 during the nine- month
period ended February 28, 2007, to $7,835,284 during the corresponding period
of the current fiscal year.
"We (TSX:VNP) are pleased to report our third quarter results which
exceeded our expectations both in terms of sales and profitability. Closing of
our initial public offering ("IPO") occurred early in the quarter and these
results therefore reflect our performance as a publicly traded company."
commented Mr. Jacques L'Ecuyer, President and Chief Executive Officer. He
added, "Net earnings, EBITDA(1) and sales all reached record levels during the
quarter and the nine- month period considered. This is largely the result of a
continuing and increasing demand for our products in the photovoltaic market,
and to a lesser extent in the radiation detector market, combined with
improvements in operating performance which have led to increased production
throughput. We are also making steady progress at our new Eisenhuttenstadt
plant in Germany, the construction of which is now almost completed. Although
we have experienced some minor delays in the delivery of the building, we
continue to expect the plant to be operational by the end of July 2008 in
accordance with our contractual obligations towards our customers."
Mr. L'Ecuyer concluded, "Aside from providing us with means for funding
the construction of our German facility, our recent IPO has significantly
raised our profile and exposure, creating a number of new potential growth
opportunities that we hope to take advantage of in the future. Our IPO has
also enabled us to increase and promote, through direct stock purchases and
our stock option plan, employee ownership, an important component of our
corporate strategy."
5N Plus Inc. Announces $46.2 Million Bought Deal Equity Financing
/THIS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
TSX: VNP
MONTREAL, April 9 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) today announced
that it has agreed to issue 4 million common shares from treasury of the
Company on a bought-deal basis to a syndicate of underwriters led by National
Bank Financial Inc. The shares will be issued at a price of $11.55 per share,
for gross proceeds to the Company of $46.2 million. The common shares will be
offered by way of short form prospectus in each of the provinces of Canada, as
well as in the United States under applicable private placement exemptions.
The financing is subject to all normal regulatory approvals and is expected to
close on or about April 29, 2008.
The net proceeds of the offering will be used by 5N Plus for general
corporate purposes and to pursue various growth opportunities.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999%
(five nines or 5N) and more. 5N Plus, which has its head office in Montreal,
Quebec, develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaics) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at
www.5nplus.com.
/THIS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
TSX: VNP
MONTREAL, April 9 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) today announced
that it has agreed to issue 4 million common shares from treasury of the
Company on a bought-deal basis to a syndicate of underwriters led by National
Bank Financial Inc. The shares will be issued at a price of $11.55 per share,
for gross proceeds to the Company of $46.2 million. The common shares will be
offered by way of short form prospectus in each of the provinces of Canada, as
well as in the United States under applicable private placement exemptions.
The financing is subject to all normal regulatory approvals and is expected to
close on or about April 29, 2008.
The net proceeds of the offering will be used by 5N Plus for general
corporate purposes and to pursue various growth opportunities.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999%
(five nines or 5N) and more. 5N Plus, which has its head office in Montreal,
Quebec, develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaics) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at
www.5nplus.com.
The Tellurium Supernova Has Erupted
by: Mark Anthony posted on: April 11, 2008 | about stocks: FSLR / VNP
*
Font Size:
*
Print
* Email
In my previous article, The Tellurium Supernova, I discussed the rapidly expanding new applications of the extremely rare metal tellurium, and that looming global shortage of telluriumcould threaten the very survival of the red hot solar company, strong>First Solar Inc. (FSLR), which produces solar PV panels based on the CdTe (cadmium telluride) semiconductor material.
The Tellurium Supernova article caused quite some disturbance on the internet. Not every one agrees with me. But I am happy that Mr. Free Market does seem to agree with me. The charts show that tellurium price staged an incredible rally since mid January, raising from 860 yuan to 2100 yuan per kilogram, or US$300 per kilogram, a raise of 2.44 fold in less than three months. Tellurium went from US$10 a kilogram in 2004 to now over US$300. If such a stellar price rally does not indicate a severe global shortage of tellurium, then I don't know what does.
The Tellurium Supernova has erupted!
Does First Solar feel the squeeze of a tellurium shortage? Maybe not. At a conference last November, the CFOclaimed (22:58) "We have identified terawattslevels of tellurium availability." So the ultimate limit to the growth is one terawatts? No! The CEO proudly declared"Are there issues there that limit the ultimate size of the company? We think the answer to that is NO." Wow! I never knew that FSLR can grow with o ultimate limit of size, even though they rely on a metal with extremely limited supply.
FSLR, as well as its dominant raw material supplier, 5N Plus Inc. (VNP), repeatedly reassured people that it is not worried about tellurium availability and they are actively "managing it." But I noticed that it would NEVER divulge anything specific or anything quantitative when it comes to its tellurium supply. In multiple occasions, analysts, including Michael Molnar from Goldman Sachs, explicitly demanded specific and quantitative answers, but got only the vague go-around answers. Why is the company not willing to reveal any data on tellurium?
Fortunately, VNP, the virtually exclusive high purity CdTe and dS supplier to FSLR, is now a publicly traded company and must file regular financial reports, allowing us to dig out some useful information. You can go to Sedar.com and search for "5N Plus" to find all VNP regulatory filings. I think the VNP's Dec. 12, 2007 prospectus document is worth reading through carefully. It discusses a lot of details of the industrial use of high purity tellurium, and its relationship with FSLR. You might also listen to latest conference call. A few important things to note from the prospectus:
1. VNP is the first to enter the market of high purity tellurium metal and compounds. It has years of expertise, large scale production capacity, and business relationship with tellurium sources. It is the world's dominant CdTe supplier and all dTe solar PV manufacturers purchase CdTe from them.
2. VNP is a virtual monopoly in this niche market. The barrier of entry is too high for a second major CdTe supplier, and the market is too narrow to provide enough economic incentive for competitors to enter this small niche market and compete with VNP. FSLR desperately wanted to diversify its CdTe sources but there is just no significant secondary supplier in existance in the world. It refuses to name the secondary supplier. Does it even exist at all? NP already named all of its few potential competitors.
3. It is safe to say SLR gets virtually all of its dTe supply from VNP. VNP has plenty of production capacity, 100 metric tons of CdTe annually, and under contracts with FSLR, it is building a new Germany facility, bringing the annual capacity to 200 metric tons and eventually reaching 350 metric tons a year. Why would VNP expand if FSLR does not continue to heavily depend on VNP for supply?
4. VNP noted rapidly expanding industry demand on tellurium. It mentioned 300 metric tons of start metals per year for thermoelectrics applications (page 21). That number really strikes me. According to USGS, global tellurium supply can not be much more than 200 metric tons per year. Thermoelectrics usage of tellurium wasn't even mentioned a few years ago. Now that market alone consumes 143.4 metric tons of tellurium (48% of the Bi2Te3 thermoelectrics material is tellurium).
So we can pretty accurately estimate FSLR's raw material supply by looking at how much CdTe VNP is selling to FSLR. VNP refused to provide numbers in kilograms, but it gave a price range of $300 to $500 per kilogram during the Q2 conference call, and suggested in Q3 conference call that the price may exceed the top of the range now. So using $500 per kilogram, one can get some reasonable numbers. VNP also revealed that 60% of sales was to FSLR, and 65% to 70%.
Let me list VNP's quarterly sales revenue, as well as cost of goolds sold (in bracket) below. Note their fiscal year 2008 starts on June 1st, 2007. Q3,08 is the quarter ending Feb. 29, 08.
Q3,08 $8.359M ($3.905M) OP. Margin $4.454M
Q2,08 $6.796M ($3.519M) OP. Margin $3.277M
Q1,08 $6.394M ($3.417M) OP. Margin $2.977M
Q4,07 $6.549M ($3.442M) OP. Margin $3.107M
Q3,07 $5.555M ($3.419M) OP. Margin $2.136M
Q2,07 $4.890M ($2.779M) OP. Margin $2.111M
Q1,07 $4.903M ($3.122M) OP. Margin $1.781M
I noticed one curious thing. During the past quarters, even though the sales revenue saw some growth, the growth is not impressive at all. The cost of goods sold saw virtually no growth at all, while the operating profit jumps up rapidly!
Put it in a chart you can see the data more clearly. In the chart, blackis FSLR's rapidly ramped up quarterly production in MWs, red is VNP's cost of goods sold, blue is sales revenue, and green is gross operating profit.
Notice the gigantic contrast between how quickly FSLR's production ramped up, and how there is virtually no increase in VNP's ost of goods sold? Logically, as FSLR ramps up production, it needs to purchase way much more CdTe semiconductor material from VNP. Hence, VNP needs to spend more money to purchase the raw tellurium feedstock, not to mention the unit price of the feedstock raw material must increase dramatically as tellurium price went up a lot.
Something is not right here!
The rapid growth of VNP's gross operating profit, without much increase in the production cost, further enhances the logical wisdom that VNP enjoys an absolute monopoly in this small niche market of high purity CdTe supply, and hence can demand higher unit price as they see fit, while FSLR has nowhere to go but purchase the bulk of their CdTe supply from VNP.
My suspicion is FSLR is not getting all the CdTe it needs for its production. At 3 microns CdTe layer thickness, there's about 15 gramsof CdTe per 2 feet x 4 feet panel of 70 watts. Allowing for some production waste, 0.25 grams/watt CdTeis reasonable. FSLR produced 77 MW in Q4,07, that's a consumption of roughly 19.25 metric tons of CdTe. At over US$500 per kilogram, that's worth $9.625M of purchase from VNP. Add dS, which also came from NP, total purchase should be almost US$11M for the quarter.
VNP's latest quarterly revenue is only $8.359M, and with 65% going to FSLR, that's $5.433M. Split it into $4.8M for CdTe and the rest for CdS, at over $500/kilogram, they sold about 9.6 metric tons of CdTe to FSLR. That's only about HALF of what FSLR would need!
From the VNP's cost point of view, about half of cost is salary, machinery and other fixed costs. Let's say $2M of the $3.905M cost in the quarter is on raw material purchase. SLR's portion takes 65%, or $1.3M, tellurium price during the quarter probably averaged $250/kilogram. So that gives 5.2 metric tons of tellurium, enough to make 9.8 metric tons of CdTe for FSLR, consistent with the above estimate, and inconsistent with FSLR's 19.25 metric tons requirement for quarterly production.
My conclusion, based on the best information available to me and the most logical and reasonable estimate, is that FSLR has already run into a raw material supply shortage due to the global shortage of tellurium. It is either now producing from the raw material inventory, or it probably booked quarterly sales but really could not produce and deliver the quantity of products it sold. Later this year and next, when its new Malaysia factories start production, I really have o idea how it is going to get the tellurium supply it needs.
I contacted SLR investor relations and raised the CdTe supply issues more than a month ago and asked for a clarification, and never got any response. I am hoping that FSLR can come out and clarify how and where it is getting its critical material supply, how much it has secured, and how much they need. Of course, if there really is a shortage, the investor community has every right to demand that the FSLR management disclose the information fully and publicly, as soon as it knows it, as required by the SEC regulations.
by: Mark Anthony posted on: April 11, 2008 | about stocks: FSLR / VNP
*
Font Size:
*
In my previous article, The Tellurium Supernova, I discussed the rapidly expanding new applications of the extremely rare metal tellurium, and that looming global shortage of telluriumcould threaten the very survival of the red hot solar company, strong>First Solar Inc. (FSLR), which produces solar PV panels based on the CdTe (cadmium telluride) semiconductor material.
The Tellurium Supernova article caused quite some disturbance on the internet. Not every one agrees with me. But I am happy that Mr. Free Market does seem to agree with me. The charts show that tellurium price staged an incredible rally since mid January, raising from 860 yuan to 2100 yuan per kilogram, or US$300 per kilogram, a raise of 2.44 fold in less than three months. Tellurium went from US$10 a kilogram in 2004 to now over US$300. If such a stellar price rally does not indicate a severe global shortage of tellurium, then I don't know what does.
The Tellurium Supernova has erupted!
Does First Solar feel the squeeze of a tellurium shortage? Maybe not. At a conference last November, the CFOclaimed (22:58) "We have identified terawattslevels of tellurium availability." So the ultimate limit to the growth is one terawatts? No! The CEO proudly declared"Are there issues there that limit the ultimate size of the company? We think the answer to that is NO." Wow! I never knew that FSLR can grow with o ultimate limit of size, even though they rely on a metal with extremely limited supply.
FSLR, as well as its dominant raw material supplier, 5N Plus Inc. (VNP), repeatedly reassured people that it is not worried about tellurium availability and they are actively "managing it." But I noticed that it would NEVER divulge anything specific or anything quantitative when it comes to its tellurium supply. In multiple occasions, analysts, including Michael Molnar from Goldman Sachs, explicitly demanded specific and quantitative answers, but got only the vague go-around answers. Why is the company not willing to reveal any data on tellurium?
Fortunately, VNP, the virtually exclusive high purity CdTe and dS supplier to FSLR, is now a publicly traded company and must file regular financial reports, allowing us to dig out some useful information. You can go to Sedar.com and search for "5N Plus" to find all VNP regulatory filings. I think the VNP's Dec. 12, 2007 prospectus document is worth reading through carefully. It discusses a lot of details of the industrial use of high purity tellurium, and its relationship with FSLR. You might also listen to latest conference call. A few important things to note from the prospectus:
1. VNP is the first to enter the market of high purity tellurium metal and compounds. It has years of expertise, large scale production capacity, and business relationship with tellurium sources. It is the world's dominant CdTe supplier and all dTe solar PV manufacturers purchase CdTe from them.
2. VNP is a virtual monopoly in this niche market. The barrier of entry is too high for a second major CdTe supplier, and the market is too narrow to provide enough economic incentive for competitors to enter this small niche market and compete with VNP. FSLR desperately wanted to diversify its CdTe sources but there is just no significant secondary supplier in existance in the world. It refuses to name the secondary supplier. Does it even exist at all? NP already named all of its few potential competitors.
3. It is safe to say SLR gets virtually all of its dTe supply from VNP. VNP has plenty of production capacity, 100 metric tons of CdTe annually, and under contracts with FSLR, it is building a new Germany facility, bringing the annual capacity to 200 metric tons and eventually reaching 350 metric tons a year. Why would VNP expand if FSLR does not continue to heavily depend on VNP for supply?
4. VNP noted rapidly expanding industry demand on tellurium. It mentioned 300 metric tons of start metals per year for thermoelectrics applications (page 21). That number really strikes me. According to USGS, global tellurium supply can not be much more than 200 metric tons per year. Thermoelectrics usage of tellurium wasn't even mentioned a few years ago. Now that market alone consumes 143.4 metric tons of tellurium (48% of the Bi2Te3 thermoelectrics material is tellurium).
So we can pretty accurately estimate FSLR's raw material supply by looking at how much CdTe VNP is selling to FSLR. VNP refused to provide numbers in kilograms, but it gave a price range of $300 to $500 per kilogram during the Q2 conference call, and suggested in Q3 conference call that the price may exceed the top of the range now. So using $500 per kilogram, one can get some reasonable numbers. VNP also revealed that 60% of sales was to FSLR, and 65% to 70%.
Let me list VNP's quarterly sales revenue, as well as cost of goolds sold (in bracket) below. Note their fiscal year 2008 starts on June 1st, 2007. Q3,08 is the quarter ending Feb. 29, 08.
Q3,08 $8.359M ($3.905M) OP. Margin $4.454M
Q2,08 $6.796M ($3.519M) OP. Margin $3.277M
Q1,08 $6.394M ($3.417M) OP. Margin $2.977M
Q4,07 $6.549M ($3.442M) OP. Margin $3.107M
Q3,07 $5.555M ($3.419M) OP. Margin $2.136M
Q2,07 $4.890M ($2.779M) OP. Margin $2.111M
Q1,07 $4.903M ($3.122M) OP. Margin $1.781M
I noticed one curious thing. During the past quarters, even though the sales revenue saw some growth, the growth is not impressive at all. The cost of goods sold saw virtually no growth at all, while the operating profit jumps up rapidly!
Put it in a chart you can see the data more clearly. In the chart, blackis FSLR's rapidly ramped up quarterly production in MWs, red is VNP's cost of goods sold, blue is sales revenue, and green is gross operating profit.
Notice the gigantic contrast between how quickly FSLR's production ramped up, and how there is virtually no increase in VNP's ost of goods sold? Logically, as FSLR ramps up production, it needs to purchase way much more CdTe semiconductor material from VNP. Hence, VNP needs to spend more money to purchase the raw tellurium feedstock, not to mention the unit price of the feedstock raw material must increase dramatically as tellurium price went up a lot.
Something is not right here!
The rapid growth of VNP's gross operating profit, without much increase in the production cost, further enhances the logical wisdom that VNP enjoys an absolute monopoly in this small niche market of high purity CdTe supply, and hence can demand higher unit price as they see fit, while FSLR has nowhere to go but purchase the bulk of their CdTe supply from VNP.
My suspicion is FSLR is not getting all the CdTe it needs for its production. At 3 microns CdTe layer thickness, there's about 15 gramsof CdTe per 2 feet x 4 feet panel of 70 watts. Allowing for some production waste, 0.25 grams/watt CdTeis reasonable. FSLR produced 77 MW in Q4,07, that's a consumption of roughly 19.25 metric tons of CdTe. At over US$500 per kilogram, that's worth $9.625M of purchase from VNP. Add dS, which also came from NP, total purchase should be almost US$11M for the quarter.
VNP's latest quarterly revenue is only $8.359M, and with 65% going to FSLR, that's $5.433M. Split it into $4.8M for CdTe and the rest for CdS, at over $500/kilogram, they sold about 9.6 metric tons of CdTe to FSLR. That's only about HALF of what FSLR would need!
From the VNP's cost point of view, about half of cost is salary, machinery and other fixed costs. Let's say $2M of the $3.905M cost in the quarter is on raw material purchase. SLR's portion takes 65%, or $1.3M, tellurium price during the quarter probably averaged $250/kilogram. So that gives 5.2 metric tons of tellurium, enough to make 9.8 metric tons of CdTe for FSLR, consistent with the above estimate, and inconsistent with FSLR's 19.25 metric tons requirement for quarterly production.
My conclusion, based on the best information available to me and the most logical and reasonable estimate, is that FSLR has already run into a raw material supply shortage due to the global shortage of tellurium. It is either now producing from the raw material inventory, or it probably booked quarterly sales but really could not produce and deliver the quantity of products it sold. Later this year and next, when its new Malaysia factories start production, I really have o idea how it is going to get the tellurium supply it needs.
I contacted SLR investor relations and raised the CdTe supply issues more than a month ago and asked for a clarification, and never got any response. I am hoping that FSLR can come out and clarify how and where it is getting its critical material supply, how much it has secured, and how much they need. Of course, if there really is a shortage, the investor community has every right to demand that the FSLR management disclose the information fully and publicly, as soon as it knows it, as required by the SEC regulations.
5N Plus raises $46.2M from share sale
The Gazette; Canwest News Service
Published: 5 hours ago
High-purity metals producer 5N Plus Inc. said it raised $46.2 million by issuing 4 million shares at $11.55 each to an underwriting group led by National Bank Financial in a "bought deal." The proceeds will be used for general corporate purposes, including future acquisitions. The Montreal-based company's products are used by the electronics industry, makers of solar energy panels and radiation detection equipment.
© The Gazette (Montreal) 2008
The Gazette; Canwest News Service
Published: 5 hours ago
High-purity metals producer 5N Plus Inc. said it raised $46.2 million by issuing 4 million shares at $11.55 each to an underwriting group led by National Bank Financial in a "bought deal." The proceeds will be used for general corporate purposes, including future acquisitions. The Montreal-based company's products are used by the electronics industry, makers of solar energy panels and radiation detection equipment.
© The Gazette (Montreal) 2008
Tellurium prices stabilise
Exchange rates used in this story
Date: 2008-04-22
USD RMB EUR GBP
USD 1 7.0075 0.6307 0.5023
RMB 0.1431 1 0.09026 0.07188
LONDON (Metal-Pages) 29-Apr-08. The tellurium market has fallen back from recent highs but continues to hold up at relatively firm price levels due to tight supply, market sources said on Tuesday.
The price for 99.99% grade tellurium was quoted at $ 300-320/kg compared with a range of $ 330-340/kg quoted at the beginning of the month.
A European trader said: "The tellurium market is trading at around $ 300-320/kg, the lowest we have heard is $ 290/kg. The market has come down a little but it will be relatively stable in the next few months or see another increase because supply is extremely tight. Large quantities are not available, we can only obtain about 300-500 kg a month."
"Our partner is not willing to give us new offers until mid May because he is hoping for higher prices," the trader added.
However, a UK trader dealing with a lower purity material said tellurium had gone down. She quoted a price of $ 260/kg for 3N material saying that the price for that grade went up so quickly that it is seeing a natural correction.
Exchange rates used in this story
Date: 2008-04-22
USD RMB EUR GBP
USD 1 7.0075 0.6307 0.5023
RMB 0.1431 1 0.09026 0.07188
LONDON (Metal-Pages) 29-Apr-08. The tellurium market has fallen back from recent highs but continues to hold up at relatively firm price levels due to tight supply, market sources said on Tuesday.
The price for 99.99% grade tellurium was quoted at $ 300-320/kg compared with a range of $ 330-340/kg quoted at the beginning of the month.
A European trader said: "The tellurium market is trading at around $ 300-320/kg, the lowest we have heard is $ 290/kg. The market has come down a little but it will be relatively stable in the next few months or see another increase because supply is extremely tight. Large quantities are not available, we can only obtain about 300-500 kg a month."
"Our partner is not willing to give us new offers until mid May because he is hoping for higher prices," the trader added.
However, a UK trader dealing with a lower purity material said tellurium had gone down. She quoted a price of $ 260/kg for 3N material saying that the price for that grade went up so quickly that it is seeing a natural correction.
June 12, 2008 | about stocks: FPLSF.PK / FSLR
*
Font Size:
*
Print
* Email
Blackmont Capital analyst Trevor Johnson initiated coverage on 5N Plus Inc. (FPLSF.PK), a Montreal-based producer of metal compounds used in the production of photovoltaic cells for the solar energy industry, with a "buy" rating and a target price of C$14.50.
5N produces high purity metals, typically above the 99.999% mark, used in specific segments of the electronic materials market, in particular tellurium, cadmium, selenium and their compounds.
In a note to clients, Mr. Johnson pointed out that 5N differs in many ways from traditional, speculative stocks in the solar energy industry. He drew attention on the strong fundamentals of 5N which posted 31 consecutive quarters of profitability, and boasts a varied portfolio of products, services and applications, shielding it from potential industry upheavals.
5N currently derives over 60% of its revenue from First Solar Inc. (FSLR), the solar industry bellwether. 5N supplies an estimated 70% of First Solar's cadmium telluride [CdTe], the new metal compound poised to replace the traditional, thicker, silicon.
Mr. Johnson considers 5N a safer, inexpensive investment option to latch on to the fortunes of First Solar. "With First Solar trading at a forward P/E, EV/EBITDA and EV/Sales multiples that are on average 12, 10 and 4 multiple points higher than 5N respectively, we are inclined to believe this valuation spread is too wide," he wrote in a note.
The analyst concluded by outlining a series of potential positive catalysts for 5N in the next 12 months, including the completion of their new German facility, a production increase from 435 megawatts to 910 megawatts which should result in higher sales volumes, and an expansion of its recycling capabilities, to handle other types of thin film modules.
*
Font Size:
*
Blackmont Capital analyst Trevor Johnson initiated coverage on 5N Plus Inc. (FPLSF.PK), a Montreal-based producer of metal compounds used in the production of photovoltaic cells for the solar energy industry, with a "buy" rating and a target price of C$14.50.
5N produces high purity metals, typically above the 99.999% mark, used in specific segments of the electronic materials market, in particular tellurium, cadmium, selenium and their compounds.
In a note to clients, Mr. Johnson pointed out that 5N differs in many ways from traditional, speculative stocks in the solar energy industry. He drew attention on the strong fundamentals of 5N which posted 31 consecutive quarters of profitability, and boasts a varied portfolio of products, services and applications, shielding it from potential industry upheavals.
5N currently derives over 60% of its revenue from First Solar Inc. (FSLR), the solar industry bellwether. 5N supplies an estimated 70% of First Solar's cadmium telluride [CdTe], the new metal compound poised to replace the traditional, thicker, silicon.
Mr. Johnson considers 5N a safer, inexpensive investment option to latch on to the fortunes of First Solar. "With First Solar trading at a forward P/E, EV/EBITDA and EV/Sales multiples that are on average 12, 10 and 4 multiple points higher than 5N respectively, we are inclined to believe this valuation spread is too wide," he wrote in a note.
The analyst concluded by outlining a series of potential positive catalysts for 5N in the next 12 months, including the completion of their new German facility, a production increase from 435 megawatts to 910 megawatts which should result in higher sales volumes, and an expansion of its recycling capabilities, to handle other types of thin film modules.
5N Plus Inc. New German Facility Now Operational
Montreal, Quebec, July 29, 2008 – 5N Plus Inc. (TSX:VNP) is pleased to announce that its new German
facility is now operational. The facility will begin shipments of cadmium telluride and other products as
well as recycling activities in accordance with 5N Plus’ contractual obligations, which called for
commercial operations to be achieved by July 31st, 2008. The facility is owned and operated by 5N PV
GmbH, a wholly-owned German subsidiary of 5N Plus, and is located in Eisenhüttenstadt, in the state of
Brandenburg.
“We are extremely pleased that our new German facility is now operational and that we have met both
our cost objectives and the very tight schedule that we initially laid out” commented Mr. Jacques
L’Écuyer, President and Chief Executive Officer of 5N Plus. Mr. L’Écuyer added, “This international
expansion has been a huge undertaking for 5N Plus and we are delighted by the outcome. We take this
opportunity to thank the 42 employees of our new German subsidiary for their hard work and welcome
them to the 5N Plus team. We would also like to thank the many employees of 5N Plus who have been
involved in the construction and commissioning of our new facility”.
Montreal, Quebec, July 29, 2008 – 5N Plus Inc. (TSX:VNP) is pleased to announce that its new German
facility is now operational. The facility will begin shipments of cadmium telluride and other products as
well as recycling activities in accordance with 5N Plus’ contractual obligations, which called for
commercial operations to be achieved by July 31st, 2008. The facility is owned and operated by 5N PV
GmbH, a wholly-owned German subsidiary of 5N Plus, and is located in Eisenhüttenstadt, in the state of
Brandenburg.
“We are extremely pleased that our new German facility is now operational and that we have met both
our cost objectives and the very tight schedule that we initially laid out” commented Mr. Jacques
L’Écuyer, President and Chief Executive Officer of 5N Plus. Mr. L’Écuyer added, “This international
expansion has been a huge undertaking for 5N Plus and we are delighted by the outcome. We take this
opportunity to thank the 42 employees of our new German subsidiary for their hard work and welcome
them to the 5N Plus team. We would also like to thank the many employees of 5N Plus who have been
involved in the construction and commissioning of our new facility”.
Antwort auf Beitrag Nr.: 34.611.131 von meinolf67 am 30.07.08 06:10:31Sag mal Meinolf wie sieht das eigentich aus mit dem cadmium telluride...Habe ein paar artikel drueber gelesen die behauptet haben das fslr damit probleme bekommen koennte ihren demand zu "covern" langfrisitg...da es sich nicht lohnt cadmium telluride abzubauen...und ausserdem soll es nicht gerade umweltfreundlich sein...wie stehst du dazu?mfg CW
5N PLUS INC.
5N PLUS INC.
Attention Business/Financial/Assignment Editors
5N Plus Inc. will host a conference call to discuss its fourth quarter results
(TSX: VNP)
MONTREAL, Aug. 5 /CNW Telbec/ - 5N Plus announced that it will report
financial results for the fourth quarter on Monday, August 11th, 2008.
5N Plus will host a conference call at 10:00 a.m., on Tuesday,
August 12nd. Interested parties may also access the conference call by webcast
at www.5nplus.com
The telephone numbers to access the conference call are 1-800-732-9307,
1-416-644-3416 or 514-807-8791.
<<
OPEN TO: Analysts, investors and all interested parties
DATE: August 12, 2008
TIME: 10h00 Eastern Time
>>
5N PLUS INC.
Attention Business/Financial/Assignment Editors
5N Plus Inc. will host a conference call to discuss its fourth quarter results
(TSX: VNP)
MONTREAL, Aug. 5 /CNW Telbec/ - 5N Plus announced that it will report
financial results for the fourth quarter on Monday, August 11th, 2008.
5N Plus will host a conference call at 10:00 a.m., on Tuesday,
August 12nd. Interested parties may also access the conference call by webcast
at www.5nplus.com
The telephone numbers to access the conference call are 1-800-732-9307,
1-416-644-3416 or 514-807-8791.
<<
OPEN TO: Analysts, investors and all interested parties
DATE: August 12, 2008
TIME: 10h00 Eastern Time
>>
Antwort auf Beitrag Nr.: 34.612.216 von dicki31785 am 30.07.08 10:01:10es geht NUR um Tellur; dazu gibt es eine ausführliche Diskussion im FSLR-Thread, so um die Postings #1032-#1146
Meine ganz grobe Zusammenfassung:
Weltproduktion Te liegt wahscheinlich zwischen 200-1000 Tonnen/Jahr
1GW Module benötigt etwa 100 Tonnen
=> Wenn die Produktionszahlen stimmen UND es keinen großen Ausbau gibt, dann wird FSLR irgendwann so bei 5-10GW vor die Wand laufen.
Ist natürlich noch VIEL Platz bis dahin, aber im Kurs steckt auch ne Menge drin.
Nimm mal an, dass sie auf Dauer nur 1$ pro Watt kriegen und dass sie eine Nettoumsatzrendite von 20% fahren (ist ja nicht gerade konservativ), dann sind 10GW=10 Mrd. Umsatz => 2 Mrd. Gewinn;
ABER: dieses Jahr planen sie 480MW, es fehlt noch ein Faktor 20.
Kapitalisierung ist aber heute schon >20 Mrd. Dollar
Meine ganz grobe Zusammenfassung:
Weltproduktion Te liegt wahscheinlich zwischen 200-1000 Tonnen/Jahr
1GW Module benötigt etwa 100 Tonnen
=> Wenn die Produktionszahlen stimmen UND es keinen großen Ausbau gibt, dann wird FSLR irgendwann so bei 5-10GW vor die Wand laufen.
Ist natürlich noch VIEL Platz bis dahin, aber im Kurs steckt auch ne Menge drin.
Nimm mal an, dass sie auf Dauer nur 1$ pro Watt kriegen und dass sie eine Nettoumsatzrendite von 20% fahren (ist ja nicht gerade konservativ), dann sind 10GW=10 Mrd. Umsatz => 2 Mrd. Gewinn;
ABER: dieses Jahr planen sie 480MW, es fehlt noch ein Faktor 20.
Kapitalisierung ist aber heute schon >20 Mrd. Dollar
Die rechnung erscheint sehr logisch..Was ich dazu gehoert habe ist damit die produktion erhoeht wird(von 5N und ich glaube es gibt noch einen anderen anbieter wenn ich mich recht errinere) muesste man min. das 5x fache fuer tellur bezahlen....weil sonst wuerde sich es garnicht rechnen dies abzubauen....das war in einem artikel von marc anthony bei seeking alpha war sehr interessant...
Aber mal ne ganz andere frage(idee) wie sieht das eigentlich aus mit copyright im solar sektor(manche "licensen" ihre technologien aber....) wer sagt denn das die chinesen nicht einfach die selben panels bauen koennen, wie FSLR, mit "reverse engineering"...und somit auch tellur brauchen und dann koennte ja theoretisch auch ein "run" auf tellur entstehen und somit FSLR unter druck setzen...Weil ich finde das copyright in der solar industrie ein ziehmliche grau zone ist....wer hat den zuerst SI panels gemacht....und die naechsten die den prozess kopiert haben mussten ja auch nicht fuer die technologie lizenzen kaufen oder sehe ich das falsch?Nur so ein gedanke....mfg CW
Aber mal ne ganz andere frage(idee) wie sieht das eigentlich aus mit copyright im solar sektor(manche "licensen" ihre technologien aber....) wer sagt denn das die chinesen nicht einfach die selben panels bauen koennen, wie FSLR, mit "reverse engineering"...und somit auch tellur brauchen und dann koennte ja theoretisch auch ein "run" auf tellur entstehen und somit FSLR unter druck setzen...Weil ich finde das copyright in der solar industrie ein ziehmliche grau zone ist....wer hat den zuerst SI panels gemacht....und die naechsten die den prozess kopiert haben mussten ja auch nicht fuer die technologie lizenzen kaufen oder sehe ich das falsch?Nur so ein gedanke....mfg CW
Antwort auf Beitrag Nr.: 34.660.149 von dicki31785 am 06.08.08 14:30:18der Prozeß scheint nicht einfach zu sein, um es mal sehr dezent zu sagen...
bisher hat es noch KEINER außer FSLR hingekriegt
bisher hat es noch KEINER außer FSLR hingekriegt
war ja auch mehr hypothetisch...mein eigentlicher punkt war wie es den aussieht mit dem copyright weil wie ich finde gibt es schon ein paar grau zonen...und wenn jemand es hin bekommen sollte den prozess zu kopieren dann sieht es ja nicht sehr gut aus fuer FSLR wenn man den tellur "supply constraint" bedenkt....aber wie gesagt nur so ein gedanke mehr nicht...mfg CW
MONTREAL, Aug. 11 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) today announced financial results for the fourth quarter and year ended May 31, 2008.
Highlights of the fourth quarter and year ended May 31, 2008
- Net earnings for the fourth quarter were $3,178,621 or $0.08 per share,
representing a 160% increase over net earnings of $1,222,428 or
$0.04 per share for the fourth quarter of the previous fiscal year.
For the fiscal year, net earnings were $7,766,137 or $0.22 per share,
representing an increase of 117.3% over net earnings of $3,574,082 or
$0.12 per share for the previous fiscal year.
- EBITDA(1) for the fourth quarter was $4,646,476, representing an
increase of 86.7% over EBITDA of $2,488,087 for the fourth quarter of
the previous fiscal year. EBITDA reached $12,481,760 for the fiscal
year, an increase of 73.3% over EBITDA of $7,202,310 for the previous
fiscal year.
- Sales for the fourth quarter were $9,423,908, representing an increase
of 43.9% over sales of $6,549,412 for the fourth quarter of the
previous fiscal year. Sales for the fiscal year were $30,972,941, an
increase of 41.4% compared to sales of $21,897,240 for the previous
fiscal year.
- Operational performance was outstanding throughout the year as the
Company increased production throughput at its Montreal facility, to
meet the growing requirements of the Company's customers, while
improving efficiency and reducing costs.
- Cash flow from operating activities, excluding changes in non-cash
working capital items, increased to $3,552,457 for the quarter and
$9,880,266 for the fiscal year. This compares to $1,553,438 and
$4,738,467 for the corresponding periods of the previous fiscal year.
- Shareholders' equity significantly increased during the fourth quarter
and the fiscal year, reaching $91,553,930 at year end, up from
$7,546,467 at the end of the previous fiscal year. During the fourth
quarter, the Company raised $46,200,000 through the issuance of
4 million common shares, which resulted in net proceeds of $44,147,461
(net of issue expenses). This followed the closing of the Company's
initial public offering which occurred during the third quarter of the
fiscal year, resulting in net proceeds to the Company of $31,417,006
(net of issue expenses).
- Cash and cash equivalents totalled $59,576,743 at year end, compared to
$1,526,932 at the end of the previous fiscal year.
- During the fiscal year, the Company invested $14,383,791 to build and
commission its Eisenhuttenstadt facility and $3,178,784 to upgrade and
expand the capabilities of its Montreal facility, for a total
investment in capital expenditures of $17,562,575.
"We are pleased to report our fourth quarter and year end results which were truly outstanding and exceeded our expectations both in terms of financial and operational performance. Earnings, EBITDA and sales all reached record levels during the fourth quarter and the year, in much the same way as they had in the previous reporting periods. Most noticeable are the increases in earnings, EBITDA and cash flow from operations which reflect our solid operational performance in both the quarter and throughout the year. We also experienced a continuing and increasing demand for our products in the photovoltaic market and to a lesser extent in the radiation detector market which positively contributed to improve our sales and margins." commented Mr. Jacques L'Ecuyer, President and Chief Executive Officer. "Closing of our initial public offering this year was a decisive moment for 5N Plus providing us with the financial means for execution of our growth plan which calls for substantial investments aimed at positioning our firm as the leading electronic materials company. Proceeds raised have so far been used primarily to fund the construction of our new Eisenhuttenstadt facility, which is now operational, and upgrade and expand our Montreal facility. Planned further uses of the proceeds raised include investments to diversify product offerings and accretive acquisitions where we take advantage of our public company profile and visibility."
Mr. L'Ecuyer concluded, "We welcome the 42 new employees of our German subsidiary and the 25 that joined 5N Plus in Montreal during the year. Integration, cooperation and values are more than ever key to our success. On behalf of our employees and members of the Board of Directors, we would like to thank our shareholders for their confidence in our company and for their continuing support."
The audited consolidated financial statements of 5N Plus, as well as Management's Discussion and Analysis of year ended May 31, 2008 are available on the 5N Plus website, at www.5nplus.com or at www.sedar.com
Highlights of the fourth quarter and year ended May 31, 2008
- Net earnings for the fourth quarter were $3,178,621 or $0.08 per share,
representing a 160% increase over net earnings of $1,222,428 or
$0.04 per share for the fourth quarter of the previous fiscal year.
For the fiscal year, net earnings were $7,766,137 or $0.22 per share,
representing an increase of 117.3% over net earnings of $3,574,082 or
$0.12 per share for the previous fiscal year.
- EBITDA(1) for the fourth quarter was $4,646,476, representing an
increase of 86.7% over EBITDA of $2,488,087 for the fourth quarter of
the previous fiscal year. EBITDA reached $12,481,760 for the fiscal
year, an increase of 73.3% over EBITDA of $7,202,310 for the previous
fiscal year.
- Sales for the fourth quarter were $9,423,908, representing an increase
of 43.9% over sales of $6,549,412 for the fourth quarter of the
previous fiscal year. Sales for the fiscal year were $30,972,941, an
increase of 41.4% compared to sales of $21,897,240 for the previous
fiscal year.
- Operational performance was outstanding throughout the year as the
Company increased production throughput at its Montreal facility, to
meet the growing requirements of the Company's customers, while
improving efficiency and reducing costs.
- Cash flow from operating activities, excluding changes in non-cash
working capital items, increased to $3,552,457 for the quarter and
$9,880,266 for the fiscal year. This compares to $1,553,438 and
$4,738,467 for the corresponding periods of the previous fiscal year.
- Shareholders' equity significantly increased during the fourth quarter
and the fiscal year, reaching $91,553,930 at year end, up from
$7,546,467 at the end of the previous fiscal year. During the fourth
quarter, the Company raised $46,200,000 through the issuance of
4 million common shares, which resulted in net proceeds of $44,147,461
(net of issue expenses). This followed the closing of the Company's
initial public offering which occurred during the third quarter of the
fiscal year, resulting in net proceeds to the Company of $31,417,006
(net of issue expenses).
- Cash and cash equivalents totalled $59,576,743 at year end, compared to
$1,526,932 at the end of the previous fiscal year.
- During the fiscal year, the Company invested $14,383,791 to build and
commission its Eisenhuttenstadt facility and $3,178,784 to upgrade and
expand the capabilities of its Montreal facility, for a total
investment in capital expenditures of $17,562,575.
"We are pleased to report our fourth quarter and year end results which were truly outstanding and exceeded our expectations both in terms of financial and operational performance. Earnings, EBITDA and sales all reached record levels during the fourth quarter and the year, in much the same way as they had in the previous reporting periods. Most noticeable are the increases in earnings, EBITDA and cash flow from operations which reflect our solid operational performance in both the quarter and throughout the year. We also experienced a continuing and increasing demand for our products in the photovoltaic market and to a lesser extent in the radiation detector market which positively contributed to improve our sales and margins." commented Mr. Jacques L'Ecuyer, President and Chief Executive Officer. "Closing of our initial public offering this year was a decisive moment for 5N Plus providing us with the financial means for execution of our growth plan which calls for substantial investments aimed at positioning our firm as the leading electronic materials company. Proceeds raised have so far been used primarily to fund the construction of our new Eisenhuttenstadt facility, which is now operational, and upgrade and expand our Montreal facility. Planned further uses of the proceeds raised include investments to diversify product offerings and accretive acquisitions where we take advantage of our public company profile and visibility."
Mr. L'Ecuyer concluded, "We welcome the 42 new employees of our German subsidiary and the 25 that joined 5N Plus in Montreal during the year. Integration, cooperation and values are more than ever key to our success. On behalf of our employees and members of the Board of Directors, we would like to thank our shareholders for their confidence in our company and for their continuing support."
The audited consolidated financial statements of 5N Plus, as well as Management's Discussion and Analysis of year ended May 31, 2008 are available on the 5N Plus website, at www.5nplus.com or at www.sedar.com
Position verdreifacht; Call hörte sich gut für mich an.
Antwort auf Beitrag Nr.: 34.729.690 von meinolf67 am 14.08.08 18:20:26FSLR ist 65%-70% Kunde!
5N Plus Inc. Extends Supply Agreements with First Solar, Increases Minimum Quantities to be Ordered and Amends Definition of "Change of Control"
Wednesday August 27, 6:00 pm ET
MONTREAL, Aug. 27 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP - News) today announced the extension of its supply agreement with First Solar, Inc. pursuant to which 5N Plus provides cadmium telluride and cadmium sulphide to First Solar from 5N Plus' Montreal facility. 5N Plus Inc. also announced the extension of its supply agreement with First Solar Inc., relating to the supply of similar product from 5N Plus' German facility, which agreement is subject to the execution of notarized documents in accordance with German law. Pursuant to these amendments, the previous supply agreements are being extended until July 31, 2012, representing approximately one additional year.
ADVERTISEMENT
The agreements are being amended to increase by 50% the minimum prescribed quantities of cadmium telluride to be ordered by First Solar for most of the remaining term of the agreements. In addition, the definition of "change of control", which allows First Solar to exercise a purchase option over 5N Plus' German assets in certain circumstances, are being materially amended, such that a "change of control" will now occur only when a party acquires 50% or more of the issued and outstanding shares of 5N Plus.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at www.5nplus.com
Wednesday August 27, 6:00 pm ET
MONTREAL, Aug. 27 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP - News) today announced the extension of its supply agreement with First Solar, Inc. pursuant to which 5N Plus provides cadmium telluride and cadmium sulphide to First Solar from 5N Plus' Montreal facility. 5N Plus Inc. also announced the extension of its supply agreement with First Solar Inc., relating to the supply of similar product from 5N Plus' German facility, which agreement is subject to the execution of notarized documents in accordance with German law. Pursuant to these amendments, the previous supply agreements are being extended until July 31, 2012, representing approximately one additional year.
ADVERTISEMENT
The agreements are being amended to increase by 50% the minimum prescribed quantities of cadmium telluride to be ordered by First Solar for most of the remaining term of the agreements. In addition, the definition of "change of control", which allows First Solar to exercise a purchase option over 5N Plus' German assets in certain circumstances, are being materially amended, such that a "change of control" will now occur only when a party acquires 50% or more of the issued and outstanding shares of 5N Plus.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at www.5nplus.com
sieht ja anscheinend doch so aus als koennte man mehr oder weniger die technologie von fslr kopieren....mfg CW
Another massive funding for thin film solar, with $104M to AVA Solar, a challenger to First Solar
Chris Morrison | August 28th, 2008
It may not be as much as the colossal $300 million financing that Nanosolar finally disclosed yesterday — the biggest ever for a solar company — but another thin-film manufacturer, AVA Solar, has broken into the nine-figure funding range today, with a challenge to industry giant First Solar’s dominance.
AVA stands out a bit from its peers, for several reasons. For one, it’s based in Fort Collins, Colorado, well away from the sunny or technology-laden areas its competitors operate in. The outfit has thus gotten relatively little attention. The second oddity is the technology that AVA uses, which builds thin-film cells using cadmium telluride (CdTe), a kind of semiconductor.
Most of the biggest bets in thin-film solar, a form of solar panel that is less efficient than traditional silicon-based cells but much cheaper to make, are based on copper-indium-gallium-selenide, or CIGS technology. Ascent Solar, Heliovolt, Miasole, Nanosolar, and a bunch of other companies all use CIGS. There’s an ongoing debate as to whether CIGS, CdTe or a third material, thin-film silicon, is best.
However, CdTe, despite a reputation for being difficult to work with, holds a singular distinction: It’s what First Solar, the industry’s first and only success, First Solar, uses. It has been reported that First Solar has no direct competitors in CdTe technology. AVA obviously proves that claim wrong. A handful of others working with CdTe include Sunovia (OTCBB: SUNV), Calyxo, which is owned by the German giant Q-Cells, and PrimeStar Solar, which recently sold a majority stake to General Electric Energy. Primestar, like AVA, is based in Colorado.
AVA is currently building a plant in Fort Collins, CO, where it promises to employ 500 at a production line that will make 250 megawatts worth of cells a year by 2010. The company appears to use deposition on glass to make its cells, which is also what First Solar uses, although a company spokesman tells me that AVA’s technique is “completely different”.
A number of well-known venture firms came on for the $104 million funding. DCM led, while new investors Technology Partners, GLG Partners and Bohemian Companies participated, and previous investor Invus came back in. AVA raised its seed less than two years ago and took a second funding in June of 2007, but didn’t disclose amounts for either of those fundings.
Another massive funding for thin film solar, with $104M to AVA Solar, a challenger to First Solar
Chris Morrison | August 28th, 2008
It may not be as much as the colossal $300 million financing that Nanosolar finally disclosed yesterday — the biggest ever for a solar company — but another thin-film manufacturer, AVA Solar, has broken into the nine-figure funding range today, with a challenge to industry giant First Solar’s dominance.
AVA stands out a bit from its peers, for several reasons. For one, it’s based in Fort Collins, Colorado, well away from the sunny or technology-laden areas its competitors operate in. The outfit has thus gotten relatively little attention. The second oddity is the technology that AVA uses, which builds thin-film cells using cadmium telluride (CdTe), a kind of semiconductor.
Most of the biggest bets in thin-film solar, a form of solar panel that is less efficient than traditional silicon-based cells but much cheaper to make, are based on copper-indium-gallium-selenide, or CIGS technology. Ascent Solar, Heliovolt, Miasole, Nanosolar, and a bunch of other companies all use CIGS. There’s an ongoing debate as to whether CIGS, CdTe or a third material, thin-film silicon, is best.
However, CdTe, despite a reputation for being difficult to work with, holds a singular distinction: It’s what First Solar, the industry’s first and only success, First Solar, uses. It has been reported that First Solar has no direct competitors in CdTe technology. AVA obviously proves that claim wrong. A handful of others working with CdTe include Sunovia (OTCBB: SUNV), Calyxo, which is owned by the German giant Q-Cells, and PrimeStar Solar, which recently sold a majority stake to General Electric Energy. Primestar, like AVA, is based in Colorado.
AVA is currently building a plant in Fort Collins, CO, where it promises to employ 500 at a production line that will make 250 megawatts worth of cells a year by 2010. The company appears to use deposition on glass to make its cells, which is also what First Solar uses, although a company spokesman tells me that AVA’s technique is “completely different”.
A number of well-known venture firms came on for the $104 million funding. DCM led, while new investors Technology Partners, GLG Partners and Bohemian Companies participated, and previous investor Invus came back in. AVA raised its seed less than two years ago and took a second funding in June of 2007, but didn’t disclose amounts for either of those fundings.
Antwort auf Beitrag Nr.: 34.894.396 von dicki31785 am 28.08.08 16:52:12...sehe ich nicht so; solange die Fertigung nicht im industriellen Maßstab läuft, sind ALLE vorhergehenden Claims, Erfolgsmeldungen, etc. praktisch wertlos.
First Solar extends deal with PV materials supplier 5N Plus
28 August 2008 | Materials: News
First_Solar_moduleFirst Solar has extended its existing agreement with 5N Plus for the supply of high-purity cadmium telluride and cadmium sulfide materials used to manufacture the thin-film PV market leader's CdTe modules.
The deal will be extended one year, to July 31, 2012, and will apply to specialty chemicals produced at both 5N Plus' Montreal headquarters facility and its newly operational plant in Germany. Under the amended terms, the minimum prescribed amounts of CdTe ordered by First Solar will increase by 50% for most of the remaining duration of the agreements, according to the materials company.
5N Plus also said that the definition of "change of control," which permits First Solar to exercise a purchase option over 5N Plus' German assets in certain circumstances, is being materially amended, so that such a change will occur when a party acquires 50% or more of the issued and outstanding shares of 5N Plus.
With the commissioning of its 5N PV subsidiary's Eisenhuttenstadt factory in the state of Bradenburg at the end of July, the company has doubled its annual CdTe production capacity, from approximately 100 to 200 metric tons. In addition to the nearly $14.4 million (Canadian) invested on building and equipping the new German factory, it also spent more than $3 million (Canadian) on improving efficiencies, increasing throughput, and reducing costs in its Montreal plant.
5N Plus finished its most recent fiscal year, which ended May 31, on a profitable note. The Quebec firm saw its revenues rise some 41% to to nearly $31 million (Canadian) and its net income increase 117% to more than $7.7 million (Canadian). Order backlog at the end of the fourth quarter was $30.1 million (Canadian), up more than 77% from the same quarter in 2007.
28 August 2008 | Materials: News
First_Solar_moduleFirst Solar has extended its existing agreement with 5N Plus for the supply of high-purity cadmium telluride and cadmium sulfide materials used to manufacture the thin-film PV market leader's CdTe modules.
The deal will be extended one year, to July 31, 2012, and will apply to specialty chemicals produced at both 5N Plus' Montreal headquarters facility and its newly operational plant in Germany. Under the amended terms, the minimum prescribed amounts of CdTe ordered by First Solar will increase by 50% for most of the remaining duration of the agreements, according to the materials company.
5N Plus also said that the definition of "change of control," which permits First Solar to exercise a purchase option over 5N Plus' German assets in certain circumstances, is being materially amended, so that such a change will occur when a party acquires 50% or more of the issued and outstanding shares of 5N Plus.
With the commissioning of its 5N PV subsidiary's Eisenhuttenstadt factory in the state of Bradenburg at the end of July, the company has doubled its annual CdTe production capacity, from approximately 100 to 200 metric tons. In addition to the nearly $14.4 million (Canadian) invested on building and equipping the new German factory, it also spent more than $3 million (Canadian) on improving efficiencies, increasing throughput, and reducing costs in its Montreal plant.
5N Plus finished its most recent fiscal year, which ended May 31, on a profitable note. The Quebec firm saw its revenues rise some 41% to to nearly $31 million (Canadian) and its net income increase 117% to more than $7.7 million (Canadian). Order backlog at the end of the fourth quarter was $30.1 million (Canadian), up more than 77% from the same quarter in 2007.
Antwort auf Beitrag Nr.: 34.904.325 von meinolf67 am 29.08.08 13:12:35naja ich glaube nicht das sie $104 mil in venture capital bekommen wuerden wenn sich die investoren unsicher waeren ob das ueberhaupt klappen kann....weil so leicht liegt denn das geld nicht auf der tasche...besonders im moment...offensichtlich nur meine meinung mfg CW
mfg CW
aber dazu muss man auch sagen das sie mit der erweiterung des vertrages(fslr) sich den rohstoff in groesser masse schon gesichert haben...und warscheinlich auch nicht zu schlechten konditionen wenn man bedenkt das sie schon davor groesster abnehmer waren und dies nun erweitert haben...mfg CW
Antwort auf Beitrag Nr.: 34.904.850 von dicki31785 am 29.08.08 14:04:37es gibt so einige start-ups die in der Größenordnung eingesammelt haben: Heliovolt, Nanosolar, Miasolé,...
Es ist ja auch die Hoffnung dahinter, einen ähnlichen Treffer wie FSLR zu landen.
Fakt ist aber, daß es bisher keiner (auch die nicht, die vollmundige Ankündigungen gemacht hatten) geschafft hat, wirklich in die Massenproduktion zu kommen; ENER sehe ich inzwischen gerade an der Schwelle dazu...
Es ist ja auch die Hoffnung dahinter, einen ähnlichen Treffer wie FSLR zu landen.
Fakt ist aber, daß es bisher keiner (auch die nicht, die vollmundige Ankündigungen gemacht hatten) geschafft hat, wirklich in die Massenproduktion zu kommen; ENER sehe ich inzwischen gerade an der Schwelle dazu...
da hast du wohl recht bezueglich der massenproduktion...aber ich denke das schon ein ordentliches risk management bei venture capital benutzt wird....sag ja nicht das sie es zu 100% schaffen aber ich glaube nicht das sie $104 million dollar anschaffen koennten wenn die chance das sie erfolgreich sind bei 10% liegt...mfg CW
Antwort auf Beitrag Nr.: 34.905.067 von dicki31785 am 29.08.08 14:23:24meiner Meinung nach "nicht prognostizierbar" => zwischen 0-100%
Antwort auf Beitrag Nr.: 34.905.118 von meinolf67 am 29.08.08 14:26:13die muessen doch ein gewisses risk management betreiben...und eine gewisse hoffnung haben die technologie zu "replicaten"...und somit muss AVA doch denen irgendetwas vorweisen koennen das ihnen,Venture capitalists, grund zu hoffnung gibt das sie es schaffen koennen FSLR technologie zu kopieren....
und das meinte ich auch damals mit der grauzone bezueglich copyright der technologen im solar sektor....naja anscheinend schaffen wir es nicht auf einen gemeinsamen nenner hier zu kommenmfg CW
und das meinte ich auch damals mit der grauzone bezueglich copyright der technologen im solar sektor....naja anscheinend schaffen wir es nicht auf einen gemeinsamen nenner hier zu kommen
mfg CW
Antwort auf Beitrag Nr.: 34.905.246 von dicki31785 am 29.08.08 14:34:10Du hast vom Grundsatz her schon recht.
"irgendwas"....
Das Problem ist, daß üblicherweise mit Labor- und Pilotmaßstab begonen wird. Dort gibt es dann oft auch Erfolgsmeldungen z.B.zum Wirkungsgrad.
Die Probleme fangen dann an, wenn man auf Produktionsmaßstab skaliert.
Im Prinzip fängt man wieder von vorne an und muss Wirkungsgrad, Throughput, Yield, Kosten optimieren.
Das geht aber erst, wenn man das Geld hat um sich die Produktionslinie hinzustellen. Und genau dafür braucht man die dicken Beträge der VCs.
Im Prinzip setzt so ein VC darauf, daß das Zielunternehmen
-einen cleveren Weg zur Skalierung hat
-das Verfahren prinzipiell skalierbar ist
-das Management in endlicher Zeit mit endlichen Kosten Erfolg hat.
FSLR hat 10 Jahre gebraucht, ENER noch länger
aber es kann natürlich sein, daß inzwischen soviel know-how existiert, daß es viel schneller gehen kann. Aber geanu das ist der Grund, warum ich sage: "nicht prognostizierbar"...
"irgendwas"....
Das Problem ist, daß üblicherweise mit Labor- und Pilotmaßstab begonen wird. Dort gibt es dann oft auch Erfolgsmeldungen z.B.zum Wirkungsgrad.
Die Probleme fangen dann an, wenn man auf Produktionsmaßstab skaliert.
Im Prinzip fängt man wieder von vorne an und muss Wirkungsgrad, Throughput, Yield, Kosten optimieren.
Das geht aber erst, wenn man das Geld hat um sich die Produktionslinie hinzustellen. Und genau dafür braucht man die dicken Beträge der VCs.
Im Prinzip setzt so ein VC darauf, daß das Zielunternehmen
-einen cleveren Weg zur Skalierung hat
-das Verfahren prinzipiell skalierbar ist
-das Management in endlicher Zeit mit endlichen Kosten Erfolg hat.
FSLR hat 10 Jahre gebraucht, ENER noch länger
aber es kann natürlich sein, daß inzwischen soviel know-how existiert, daß es viel schneller gehen kann. Aber geanu das ist der Grund, warum ich sage: "nicht prognostizierbar"...
Ja ich versteh schon das prinzip warum VC in die firmen investieren...und das eigentlich verbesserungen erst in the production cycle passieren.....learning curve, throughput etc, etc.....
und bis diese produkte on an industrial scale prodzuiert werden, ohne probleme, ist natuerlich auch wieder ne andere sache als ein von diesen panels rauszuhauen....ich glaube REC mit diesem neuen weg poly herzustellen scheinen ja einige probleme damit am anfang, bzw immer noch, gehabt zu haben...das ist nicht einfach wird will ich auch garnicht bestreiten...es geht mir mehr um das thema das FSLR dann nicht mehr die einzigen sind (oder wie von dir angesprochen ENER) die dieses tellur benutzen....aber sieht ja so aus als haetten sie sich genug von dem raw material besorgt....aber so mehr in diese "niche" treten umso teuere wird dieses material....
aber ich glaube den letzte von dir angesproche punkt ist der wichtigste....weil wenn man sich die CC's von FSLR anhoert ist ja das learning on the line unglaublich was die fuer throuput verbesserungen jedes Q haben das ist unglaublich...und generell in der industrie bewegt sich ja sehr viel ich waere ueberrascht wenn sowas so lange dauern wuerde heutzutage ob sie es aber bis 2009 schaffen ist ne ganz andere frage...hier noch ein artikel ueber AVA bzw deren VC's und deren meinung dazu(das sie positiv eingestellt sind ist ja wohl kaum eine ueberraschung)....
AVA Solar, an advanced thin-film photovoltaic (PV) module manufacturer announced that it has completed its second institutional equity round of financing. This US $104 million funding round was led by DCM and included new investors Technology Partners, GLG Partners and Bohemian Companies LLC as well as prior investors, including Invus LP.
The funds will be used to complete AVA Solar’s first production facility in Longmont, Colorado, which will have the capacity to produce 200 megawatts (MW) of thin-film PV modules annually.
"In the last few years, we've seen many companies with plans to commercialize products for the solar industry. Our commitment to AVA Solar is founded both on the commercial readiness of the product and their management and engineering team’s demonstrated ability to deliver," said Tom Blaisdell, a general partner at DCM.aber wie gesagt ist ja nicht sonderlich ueberraschend das sie positiv eingestellt sind wenn sie 104 mil investieren aber ich glaube nicht das man heutzutage 10 jahre braucht...mfg CW
und bis diese produkte on an industrial scale prodzuiert werden, ohne probleme, ist natuerlich auch wieder ne andere sache als ein von diesen panels rauszuhauen....ich glaube REC mit diesem neuen weg poly herzustellen scheinen ja einige probleme damit am anfang, bzw immer noch, gehabt zu haben...das ist nicht einfach wird will ich auch garnicht bestreiten...es geht mir mehr um das thema das FSLR dann nicht mehr die einzigen sind (oder wie von dir angesprochen ENER) die dieses tellur benutzen....aber sieht ja so aus als haetten sie sich genug von dem raw material besorgt....aber so mehr in diese "niche" treten umso teuere wird dieses material....
aber ich glaube den letzte von dir angesproche punkt ist der wichtigste....weil wenn man sich die CC's von FSLR anhoert ist ja das learning on the line unglaublich was die fuer throuput verbesserungen jedes Q haben das ist unglaublich...und generell in der industrie bewegt sich ja sehr viel ich waere ueberrascht wenn sowas so lange dauern wuerde heutzutage ob sie es aber bis 2009 schaffen ist ne ganz andere frage...hier noch ein artikel ueber AVA bzw deren VC's und deren meinung dazu(das sie positiv eingestellt sind ist ja wohl kaum eine ueberraschung
)....AVA Solar, an advanced thin-film photovoltaic (PV) module manufacturer announced that it has completed its second institutional equity round of financing. This US $104 million funding round was led by DCM and included new investors Technology Partners, GLG Partners and Bohemian Companies LLC as well as prior investors, including Invus LP.
The funds will be used to complete AVA Solar’s first production facility in Longmont, Colorado, which will have the capacity to produce 200 megawatts (MW) of thin-film PV modules annually.
"In the last few years, we've seen many companies with plans to commercialize products for the solar industry. Our commitment to AVA Solar is founded both on the commercial readiness of the product and their management and engineering team’s demonstrated ability to deliver," said Tom Blaisdell, a general partner at DCM.aber wie gesagt ist ja nicht sonderlich ueberraschend das sie positiv eingestellt sind wenn sie 104 mil investieren aber ich glaube nicht das man heutzutage 10 jahre braucht...mfg CW
ich mein ja nur ist ja immer so...du hast einen "first mover advantage" wie in dem fall von fslr aber die andere die versuchen zu "kopieren" haben da schon ein einfacheres "spiel"...zumindest in theorie...mfg CW
Company Profile for AVA Solar, Inc.
AVA Solar, Inc. was founded in 2007 to commercialize an advanced process for manufacturing thin-film photovoltaic modules. Built upon 15 years of development at Colorado State University's Material Engineering Laboratory, AVA Solar has developed a robust, industrial-scale, continuous process for producing solar PV modules at a cost below $1/watt, significantly reducing the cost of generating solar electricity.
Sind also schon paar jaehrechen dran...das problem das auf "industrial scale" zu bekommen bleibt bestehen aber trotzdem bestehen aber die scheinen schon vie erfahrung zu haben...mfg CW
AVA Solar, Inc. was founded in 2007 to commercialize an advanced process for manufacturing thin-film photovoltaic modules. Built upon 15 years of development at Colorado State University's Material Engineering Laboratory, AVA Solar has developed a robust, industrial-scale, continuous process for producing solar PV modules at a cost below $1/watt, significantly reducing the cost of generating solar electricity.
Sind also schon paar jaehrechen dran...das problem das auf "industrial scale" zu bekommen bleibt bestehen aber trotzdem bestehen aber die scheinen schon vie erfahrung zu haben...mfg CW
Antwort auf Beitrag Nr.: 34.917.141 von dicki31785 am 30.08.08 12:09:36
Wir suchen doch alle die 2. FSLR...
Im ernst, ich habe schon so viele Unternehmen mit viel Venture Capital und viel wissenschaftlichem Background gesehen. Passiert ist noch nirgends richtig viel. Die 2. FSLR werden wir erst sehen, wenn sie längst da ist. Und m.E. stehen die Chancen recht gut, dass sie dann Q-Cells heißt.
Davon agesehen - je mehr Gedränge beim Tellur, um so besser für 5N, oder?
Bin hier aber nicht investiert...
Wir suchen doch alle die 2. FSLR...
Im ernst, ich habe schon so viele Unternehmen mit viel Venture Capital und viel wissenschaftlichem Background gesehen. Passiert ist noch nirgends richtig viel. Die 2. FSLR werden wir erst sehen, wenn sie längst da ist. Und m.E. stehen die Chancen recht gut, dass sie dann Q-Cells heißt.
Davon agesehen - je mehr Gedränge beim Tellur, um so besser für 5N, oder?
Bin hier aber nicht investiert...
Warum sollte FSLR eigentlich 5 N nicht einfach übernehmen? Sie können es sich leisten, sichern ihre Versorgung, machen es anderen schwerer...
Vielleicht sollte ich ja investiert sein?
Vielleicht sollte ich ja investiert sein?
Sources of Supply
We may not be able to secure the critical tellurium and selenium feedstock on which we depend for our operations.
In particular, tellurium supply is essential to the production of CdTe. We currently procure our raw materials from
a number of suppliers with whom we have had long-term commercial relationships.
Meinolf, weißt Du, woher 5 N das Rohmaterial bezieht? Ist schon etwas darüber bekannt, wer noch alles Tellur veredeln kann? Denn man muss ja überlegen, wo bei einer Tellur-Verknappung dann wirklich die Wertschöpfung sein wird. Bei 5 N oder doch eher bei irgendwelchen Minenkonzernen. Und auch wie es mit der Konkurrenz bei den Veredlern ausschaut. Wurde in einem CC mal über so etwas gesprochen?
We may not be able to secure the critical tellurium and selenium feedstock on which we depend for our operations.
In particular, tellurium supply is essential to the production of CdTe. We currently procure our raw materials from
a number of suppliers with whom we have had long-term commercial relationships.
Meinolf, weißt Du, woher 5 N das Rohmaterial bezieht? Ist schon etwas darüber bekannt, wer noch alles Tellur veredeln kann? Denn man muss ja überlegen, wo bei einer Tellur-Verknappung dann wirklich die Wertschöpfung sein wird. Bei 5 N oder doch eher bei irgendwelchen Minenkonzernen. Und auch wie es mit der Konkurrenz bei den Veredlern ausschaut. Wurde in einem CC mal über so etwas gesprochen?
Antwort auf Beitrag Nr.: 34.918.563 von SLGramann am 30.08.08 15:26:40Ja denke auch das dies sehr gut ist fuer 5N so mehr das produkt wollen(Tellur) sieht man ja auch am order backlog das 77% angewachsen ist auf $30.1 mil....aber andere firmen draengen auch in den markt wie zb. american elements inc....aber im prinzip hast du recht vielleicht koennten die sogar 5N uebernehmen aber im moment sehe ich nicht wirklich die notwendigkeit fuer FSLR...
Wenn du bedenkst das FSLR 65-70% der einahmen sind von 5N (also zumindest hat das meinolf gesagt) aber jahres revenue war nur 30.9 mil und die haben eine bewertung von 350 mil....also ca. 11.5 P/S ratio ist nicht unbedingt preiswert...mal ganz abgesehen von den gewinnen die "nur" $.21/share waren...also unter dem aspekt punkt wuerde eine uebernahme momentan kaum sinn machen weil es scheint ja wirklich mehr oder weniger "umsonst" zu sein mit tellur zu produzieren(zumindest wenn man das mit poly vergleicht)...und mit den neuen vertrag scheint fslr sehr fuer die zukunft gewappnet zu sein....aber was sich fslr gesichert hat was ziehmlich smart war ist:
5N Plus also said that the definition of "change of control," which permits First Solar to exercise a purchase option over 5N Plus' German assets in certain circumstances, is being materially amended, so that such a change will occur when a party acquires 50% or more of the issued and outstanding shares of 5N Plus.
(http://www.pv-tech.org/materials/article/first_solar_extends…
Wie sieht eigentlich der outlook fuer 5N aus?(glaube das ist eher eine frage fuer meinolf da er den call gehoert hat)
naja hier ist noch der artikel von marc anothy ueber tellur:
http://seekingalpha.com/article/71942-the-tellurium-supernov…
mfg CW
ps wer will nicht die naechste fslr finden
Wenn du bedenkst das FSLR 65-70% der einahmen sind von 5N (also zumindest hat das meinolf gesagt) aber jahres revenue war nur 30.9 mil und die haben eine bewertung von 350 mil....also ca. 11.5 P/S ratio ist nicht unbedingt preiswert...mal ganz abgesehen von den gewinnen die "nur" $.21/share waren...also unter dem aspekt punkt wuerde eine uebernahme momentan kaum sinn machen weil es scheint ja wirklich mehr oder weniger "umsonst" zu sein mit tellur zu produzieren(zumindest wenn man das mit poly vergleicht)...und mit den neuen vertrag scheint fslr sehr fuer die zukunft gewappnet zu sein....aber was sich fslr gesichert hat was ziehmlich smart war ist:
5N Plus also said that the definition of "change of control," which permits First Solar to exercise a purchase option over 5N Plus' German assets in certain circumstances, is being materially amended, so that such a change will occur when a party acquires 50% or more of the issued and outstanding shares of 5N Plus.
(http://www.pv-tech.org/materials/article/first_solar_extends…
Wie sieht eigentlich der outlook fuer 5N aus?(glaube das ist eher eine frage fuer meinolf da er den call gehoert hat)
naja hier ist noch der artikel von marc anothy ueber tellur:
http://seekingalpha.com/article/71942-the-tellurium-supernov…
mfg CW
ps wer will nicht die naechste fslr finden
Antwort auf Beitrag Nr.: 34.919.047 von SLGramann am 30.08.08 16:38:07aus dem Prospekt vom November 2007:
Competitive Advantages
We believe that we possess a set of attributes which provide us with a significant competitive advantage. These include:
• Dominant Market Position and Significant Barriers to Entry. We believe that we are the main supplier of
cadmium, selenium and tellurium metal and compounds in all of the markets that we serve. We have a
very limited number of competitors, a situation which further illustrates the highly-specialized nature of our
business and the significant research and development efforts and capital investments required. The niche
markets in which we operate require extensive expertise and know-how. They are often characterized by
extensive product qualification periods, which can last up to several months. Most of the metals that we
produce must also be handled with care because of their environmental and occupational impact, and must
be recycled, all of which constitute significant entry barriers for potential competitors.
• Key Supplier in the Fast-Growing PV Industry. We are the main supplier of CdTe and CdS to the PV
industry. These materials are critical to the production of CdTe-based PV modules. A significant increase
in CdTe-based PV production capacity is expected over the next years and we believe that we are well-
positioned to be an active participant in the growth of the industry. We have a manufacturing facility in
Montreal and are currently building our new German manufacturing facility to facilitate business with our
existing and prospective European-based customers. Given the ever-increasing regulations with respect to
the handling and transportation of hazardous goods and waste, we believe that the proximity of these
manufacturing facilities to our customers will provide us with a distinct competitive advantage.
• Significant Portion of Predictable Revenues from Long-Term Supply Agreements. We have long-term
supply agreements with six of our key customers, which we believe will represent approximately 50% of
our revenues during the next three years. These agreements specify minimum volumes that must be
purchased and certain of them also provide for additional volumes to be purchased at our customers’
request. These agreements have price-adjustment clauses that ultimately transfer a significant portion of
the market price risk of the raw materials to our customers. We have been active in the markets that we
serve for close to 15 years and have operated under similar long-term agreements with our customers since
the beginning of our operations.
• Integrated Supplier Business Model with Dedicated Recycling Capacity. We believe that we are the only
truly integrated supplier of the high-purity metals that we market. This means that we have the ability to
treat low-grade concentrates, extract the metals of interest and convert them into a high-purity product
suitable for the end-use application. This provides us with a distinct advantage in terms of costs and
stability of supply as we can source raw materials in a number of different forms and from a variety of
locations. As well, we believe that we are the only supplier that can provide our customers with both the
required products and the recycling services to address environmental issues and add value to the waste
stream.
• Stable Supply of Critical Raw Materials. We have a stable supply of the critical feedstock materials that
we require, particularly tellurium. We source these from suppliers all over the world and have had long-
term relationships with most. We also have the ability to treat complex feedstock, which provides us with
flexibility in terms of our supply strategy.
Competitive Advantages
We believe that we possess a set of attributes which provide us with a significant competitive advantage. These include:
• Dominant Market Position and Significant Barriers to Entry. We believe that we are the main supplier of
cadmium, selenium and tellurium metal and compounds in all of the markets that we serve. We have a
very limited number of competitors, a situation which further illustrates the highly-specialized nature of our
business and the significant research and development efforts and capital investments required. The niche
markets in which we operate require extensive expertise and know-how. They are often characterized by
extensive product qualification periods, which can last up to several months. Most of the metals that we
produce must also be handled with care because of their environmental and occupational impact, and must
be recycled, all of which constitute significant entry barriers for potential competitors.
• Key Supplier in the Fast-Growing PV Industry. We are the main supplier of CdTe and CdS to the PV
industry. These materials are critical to the production of CdTe-based PV modules. A significant increase
in CdTe-based PV production capacity is expected over the next years and we believe that we are well-
positioned to be an active participant in the growth of the industry. We have a manufacturing facility in
Montreal and are currently building our new German manufacturing facility to facilitate business with our
existing and prospective European-based customers. Given the ever-increasing regulations with respect to
the handling and transportation of hazardous goods and waste, we believe that the proximity of these
manufacturing facilities to our customers will provide us with a distinct competitive advantage.
• Significant Portion of Predictable Revenues from Long-Term Supply Agreements. We have long-term
supply agreements with six of our key customers, which we believe will represent approximately 50% of
our revenues during the next three years. These agreements specify minimum volumes that must be
purchased and certain of them also provide for additional volumes to be purchased at our customers’
request. These agreements have price-adjustment clauses that ultimately transfer a significant portion of
the market price risk of the raw materials to our customers. We have been active in the markets that we
serve for close to 15 years and have operated under similar long-term agreements with our customers since
the beginning of our operations.
• Integrated Supplier Business Model with Dedicated Recycling Capacity. We believe that we are the only
truly integrated supplier of the high-purity metals that we market. This means that we have the ability to
treat low-grade concentrates, extract the metals of interest and convert them into a high-purity product
suitable for the end-use application. This provides us with a distinct advantage in terms of costs and
stability of supply as we can source raw materials in a number of different forms and from a variety of
locations. As well, we believe that we are the only supplier that can provide our customers with both the
required products and the recycling services to address environmental issues and add value to the waste
stream.
• Stable Supply of Critical Raw Materials. We have a stable supply of the critical feedstock materials that
we require, particularly tellurium. We source these from suppliers all over the world and have had long-
term relationships with most. We also have the ability to treat complex feedstock, which provides us with
flexibility in terms of our supply strategy.
Antwort auf Beitrag Nr.: 34.935.179 von meinolf67 am 01.09.08 17:11:59ebd.: Competition
We have a limited number of competitors, none of which are integrated and therefore capable of providing the same range of
services as we do. These include Vital Chemicals Co., Ltd. in China, Honeywell Electronic Materials in the United States,
PPM Pure Metals GmbH in Germany and Nikko Materials Co., Ltd. in Japan. We expect the competitive landscape to
change as our markets develop and attract more interest.
More specifically, we may face competition from our current customers, who choose to backward integrate in order to protect
an essential component of their product line. The basis for competition in this instance will be security of supply, price,
environment, health and safety, and recycling. We believe that we are well positioned to compete effectively on these issues.
We may also face competition from certain of our current suppliers, who are for the most part large non-ferrous mining,
refining and metal processing companies. All of these are larger and have greater financial resources than we do. The basis
for competition in this instance will be security of supply of feedstock, price and adaptation to change in the industry. We
believe that our strong focus and greater flexibility will enable us to compete effectively.
We have a limited number of competitors, none of which are integrated and therefore capable of providing the same range of
services as we do. These include Vital Chemicals Co., Ltd. in China, Honeywell Electronic Materials in the United States,
PPM Pure Metals GmbH in Germany and Nikko Materials Co., Ltd. in Japan. We expect the competitive landscape to
change as our markets develop and attract more interest.
More specifically, we may face competition from our current customers, who choose to backward integrate in order to protect
an essential component of their product line. The basis for competition in this instance will be security of supply, price,
environment, health and safety, and recycling. We believe that we are well positioned to compete effectively on these issues.
We may also face competition from certain of our current suppliers, who are for the most part large non-ferrous mining,
refining and metal processing companies. All of these are larger and have greater financial resources than we do. The basis
for competition in this instance will be security of supply of feedstock, price and adaptation to change in the industry. We
believe that our strong focus and greater flexibility will enable us to compete effectively.
zum Ausblick:
ich Depp habe mir vom letzten CC nix aufgeschrieben, aber fest steht, daß die FFO-Facility erst Ende Juli in Betrieb gegangen ist.
Ich glaube (bin mir aber nicht sicher), daß die gegenüber Montreal eine dopplet so hohe Kapazität hat.
Macht auch Sinn, da in FFO 4 Linien stehen, in Ohio nur 3 und Calyxo ja noch dazu kommt.
Inswoeit könnte sich der Umsatz in diesem GJ durchaus verdoppeln.
Bitte um Verzeihung, daß ich die bude noch nicht wirklich ausanalysiert habe. Befinde mich noch in der Phase des Kennenlernens und habe nur die chance nutzen wollen, zu einem deutlich niedrigeren Preis aufzustocken.
Das 5N fundamental teuer ist, ist klar. Aber das sind Buden wie Timminco, Day4Energy, AMG,... (fallen bei mir alle unter den Arbeitstitel "concept Stocks") auch: Und 5n ist wenigstens profitabel und hängt an der solarbude, die als letzte stehenbleiben wird, sollte es in den nächsten 24 Monaten zu einem Preiskampf kommen...
Also wenn man so will mein Dünnschicht-Analogon zu Ceradyne und Cookson...
ich Depp habe mir vom letzten CC nix aufgeschrieben, aber fest steht, daß die FFO-Facility erst Ende Juli in Betrieb gegangen ist.
Ich glaube (bin mir aber nicht sicher), daß die gegenüber Montreal eine dopplet so hohe Kapazität hat.
Macht auch Sinn, da in FFO 4 Linien stehen, in Ohio nur 3 und Calyxo ja noch dazu kommt.
Inswoeit könnte sich der Umsatz in diesem GJ durchaus verdoppeln.
Bitte um Verzeihung, daß ich die bude noch nicht wirklich ausanalysiert habe. Befinde mich noch in der Phase des Kennenlernens und habe nur die chance nutzen wollen, zu einem deutlich niedrigeren Preis aufzustocken.
Das 5N fundamental teuer ist, ist klar. Aber das sind Buden wie Timminco, Day4Energy, AMG,... (fallen bei mir alle unter den Arbeitstitel "concept Stocks") auch: Und 5n ist wenigstens profitabel und hängt an der solarbude, die als letzte stehenbleiben wird, sollte es in den nächsten 24 Monaten zu einem Preiskampf kommen...
Also wenn man so will mein Dünnschicht-Analogon zu Ceradyne und Cookson...
w-Übernahme:
Monsier Jacques L’Écuyer dürfte noch knapp die Hälfte halten; WENN er verkauft, dann sicher nicht zu niedrigem Preis
Monsier Jacques L’Écuyer dürfte noch knapp die Hälfte halten; WENN er verkauft, dann sicher nicht zu niedrigem Preis
Antwort auf Beitrag Nr.: 34.935.304 von meinolf67 am 01.09.08 17:22:18PS: sieht so aus, als ob Montreal und FFO etwa GLEICH groß seien; habe also übertrieben
Ich danke aber trotzdem kann 5N plus doch erst so richtig gas geben falls eine verknappung des rohstoffes gibt?!?Wenn man bedenkt das FSLR 120 MW produziert hat....in Q2 und 5N nur 30 millionen in rev. hatte in Q2 bzw Q4...natuerlich kann man das nicht so simpel rechnen aber fakt bleibt ja das dass zeug ja praktisch umsonst ist...ohne jede frage ist es positiv das sie profitabel sind...aber damit da richtig geld reinkommt muesste sich nach meinem empfinden tellur verknappen und zwar deutlich...koennte man vielleicht als hedge play mit FSLR benutzen o. bzw und "vice versa" zumindest laufen die charts starck auseinander in den letzten 2 monaten....hat aber warscheinlich eher mit den rohstoff preisen zu tun(oder eher gesagt den negativen sentiment bezueglich rohstoffen) als alles andere(zinc etc.)...aber ich denke sich ein bisschen mehr mit der firma zu befassen koennte sich lohnenmfg CW
mfg CW
Antwort auf Beitrag Nr.: 34.935.788 von dicki31785 am 01.09.08 18:01:42
Ich danke aber trotzdem kann 5N plus doch erst so richtig gas geben falls eine verknappung des rohstoffes gibt?!?
Genau an dem Punkt bin ich noch nicht sicher. So wie ich es bis jetzt einschätze, hat 5 N keinen direkten Zugriff auf den Rohstoff, sondern muss ihn selbst kaufen (und veredelt ihn dann). Wenn Tellur also wirklich extrem knapp wird, steigen bei 5 N die Beschaffungskosten steil an. Diese können sie nur vollständig an FSLR weitergeben, so lange keine große Veredlungskonkurrenz besteht. Zur Konkurrenzsituation muss ich noch Meinolfs Beiträge lesen. Da auf Englisch, nicht mehr heute - zu müde...
Ich sehe 5 N derzeit eher als Analogon zu einem Wafer-Hersteller ohne eigene Silizium-Produktion. Wäre derzeit keine schlechte Stellung - aber auch nicht wirklich heiß.
Ich danke aber trotzdem kann 5N plus doch erst so richtig gas geben falls eine verknappung des rohstoffes gibt?!?
Genau an dem Punkt bin ich noch nicht sicher. So wie ich es bis jetzt einschätze, hat 5 N keinen direkten Zugriff auf den Rohstoff, sondern muss ihn selbst kaufen (und veredelt ihn dann). Wenn Tellur also wirklich extrem knapp wird, steigen bei 5 N die Beschaffungskosten steil an. Diese können sie nur vollständig an FSLR weitergeben, so lange keine große Veredlungskonkurrenz besteht. Zur Konkurrenzsituation muss ich noch Meinolfs Beiträge lesen. Da auf Englisch, nicht mehr heute - zu müde...
Ich sehe 5 N derzeit eher als Analogon zu einem Wafer-Hersteller ohne eigene Silizium-Produktion. Wäre derzeit keine schlechte Stellung - aber auch nicht wirklich heiß.
Antwort auf Beitrag Nr.: 34.937.485 von SLGramann am 01.09.08 22:06:29aber aus welchem grunde gab es dann den preisverfall bei VPN?....als wenn man die chart betrachtet ist das ja analog mit dem preisverfall bei rohstoffen geschehen....ne andere erklaerung habe ich noch nicht...und VPNs einziges produkt ist ja nicht tellur obwohl es scheint groesstenteils darauf zu basieren...aber auf ihre website preisen sie auch andere produkte an(wie zb zink)....und das ist ja auch ein anderes problem von tellur das soweit ich weiss es sich nicht lohnen wuerde fuer irgendjemanden das abzubauen...also zumindest sich nur auf tellur zu konzentrieren macht anscheinend kein sinn im moment ist nur ein "by product" von mining companies die andere produkte abbauen...mfg CW
07.10.2008 07:23
BRIEF-5N Plus Q1 results
- Oct 6 (Reuters) - 5N Plus Inc: (News)
* Q1 earnings per share C$0.10
* Q1 sales C$14.03 million
* Reuters Estimates Q1 earnings per share view C$0.07, revenue view C$11.20
million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
tf.TFN-Europe_newsdesk@thomson.com
BRIEF-5N Plus Q1 results
- Oct 6 (Reuters) - 5N Plus Inc: (News)
* Q1 earnings per share C$0.10
* Q1 sales C$14.03 million
* Reuters Estimates Q1 earnings per share view C$0.07, revenue view C$11.20
million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
tf.TFN-Europe_newsdesk@thomson.com
Antwort auf Beitrag Nr.: 35.451.590 von meinolf67 am 07.10.08 10:30:31Das sind extrem gute Zahlen. Und FFO ist nur mit 2 Monaten drin.
Antwort auf Beitrag Nr.: 35.451.590 von meinolf67 am 07.10.08 10:30:31schoen dich wieder hier zu haben bist ja eine zeitlang verschollen...habe die zahlen gesehen waren ganz positiv und der kurs steht tief genug um mal reinzugreifen...nach meiner meinung...ich warte mal den boersenstart heute ab um zu sehen was vnp mit den zahlen anfaengt...aber sag mal wie siehst du das mit der ITC verlaengerung im amiland...kannst du abschaetzen wie groß der markt wird im jahr 2009 mfg CW
...habe die zahlen gesehen waren ganz positiv und der kurs steht tief genug um mal reinzugreifen...nach meiner meinung...ich warte mal den boersenstart heute ab um zu sehen was vnp mit den zahlen anfaengt...aber sag mal wie siehst du das mit der ITC verlaengerung im amiland...kannst du abschaetzen wie groß der markt wird im jahr 2009 mfg CW
Antwort auf Beitrag Nr.: 35.451.913 von dicki31785 am 07.10.08 10:45:58War drei Wochen in Urlaub (siehe "Meinolf's Solar-Thread").
Habe 5N bei meiner Kauforgie gestern vergessen. Mein Limit für nachher liegt bei 5,00; gestern waren es noch 4,-, schnief...
ITC ist kaum abschätzbar, weil ich kein Gefühl dafür habe, was die finanzkrise mit Investitionen machen wird.
Ansonsten ist der Markt potetniell extrem groß.
Einzelne Aufträge können in den Multi-100-MW Bereich gehen (siehe SPWR vor ein paar Wochen)...
Habe 5N bei meiner Kauforgie gestern vergessen. Mein Limit für nachher liegt bei 5,00; gestern waren es noch 4,-, schnief...
ITC ist kaum abschätzbar, weil ich kein Gefühl dafür habe, was die finanzkrise mit Investitionen machen wird.
Ansonsten ist der Markt potetniell extrem groß.
Einzelne Aufträge können in den Multi-100-MW Bereich gehen (siehe SPWR vor ein paar Wochen)...
urlaub kann nie schlecht seinnaja vnp unter 4 haette ich nicht gedacht nach den zahlen aber gut haette auch nicht gedacht das csiq und trina bei ca 10 stehen....
Sag mal Meinolf...wie sieht das eigentlich aus mit dem kapitalbedarf bei vnp?wuerde mich mal interssieren mfg CW
naja vnp unter 4 haette ich nicht gedacht nach den zahlen aber gut haette auch nicht gedacht das csiq und trina bei ca 10 stehen....Sag mal Meinolf...wie sieht das eigentlich aus mit dem kapitalbedarf bei vnp?wuerde mich mal interssieren mfg CW
Antwort auf Beitrag Nr.: 35.522.987 von dicki31785 am 10.10.08 21:16:40Kapitalbedarf dürfte aktuell nicht mehr sehr groß sein, da Eisenhüttenstadt (nicht FFO) jetzt fertig ist, und da man für ca. 1 Jahr Rohware am Lager hat.
TROTZDEM stehen in der Bilanz per 31.8. gut 50 Mio.$ Cash.
Habe mir heute den CC angehört und bin jetzt eigentlich ziemlich sicher, daß das hier ein Steal ist; hatte den bisher unveränderten Preis gesehen und gedacht, daß es ein Extremschnäppchen ist, der Grund aber aber wohl leider nur, daß gestern nicht in Toronto gehandelt wurde.
Habe eben trotzdem nochmals zu 4,65 zugeschlagen und bin jetzt bei 5.000 Stück angelangt; wenigsten müßte der Dollarkurs besser sein als letzte Woche.
Erwarte einen Gewinn von 10 Mio. Euro für das laufende Jahr => KGV von 10
TROTZDEM stehen in der Bilanz per 31.8. gut 50 Mio.$ Cash.
Habe mir heute den CC angehört und bin jetzt eigentlich ziemlich sicher, daß das hier ein Steal ist; hatte den bisher unveränderten Preis gesehen und gedacht, daß es ein Extremschnäppchen ist, der Grund aber aber wohl leider nur, daß gestern nicht in Toronto gehandelt wurde.
Habe eben trotzdem nochmals zu 4,65 zugeschlagen und bin jetzt bei 5.000 Stück angelangt; wenigsten müßte der Dollarkurs besser sein als letzte Woche.
Erwarte einen Gewinn von 10 Mio. Euro für das laufende Jahr => KGV von 10
weitere Bits aus dem CC:
-EHS war nur mit EINEM Monat in den Zahlen
-Backlog für 12 Monate ist 53,6 Mio CAD
-man hat "working relationships" mit AVA, Primestar und Calyxo
-FSLR machte 75% des Umsatzes aus
Kapazität in Montreal und EHS ungefähr gleich mit 100MT (nehme an pro Jahr)
-Standort in EHS erlaubt Recycling von "production residues" der Kunden und verbessert gross margin
-die "top-line" kann von Entscjeidungen der Kunden beeinflußt werden, die Rohware auch einfach beistellen dürfen ("Tolling-Business"); das verringert den Umsatz, aber bringt bessere Margins; insoweit muss man mit Schwankungen rechnen
-Preis für das CdTe Compund soll bei 300-500 CAD/kg liegen und stbil sein
-EHS war nur mit EINEM Monat in den Zahlen
-Backlog für 12 Monate ist 53,6 Mio CAD
-man hat "working relationships" mit AVA, Primestar und Calyxo
-FSLR machte 75% des Umsatzes aus
Kapazität in Montreal und EHS ungefähr gleich mit 100MT (nehme an pro Jahr)
-Standort in EHS erlaubt Recycling von "production residues" der Kunden und verbessert gross margin
-die "top-line" kann von Entscjeidungen der Kunden beeinflußt werden, die Rohware auch einfach beistellen dürfen ("Tolling-Business"); das verringert den Umsatz, aber bringt bessere Margins; insoweit muss man mit Schwankungen rechnen
-Preis für das CdTe Compund soll bei 300-500 CAD/kg liegen und stbil sein
Antwort auf Beitrag Nr.: 35.563.738 von meinolf67 am 14.10.08 17:29:59hoert sich ja alles sehr positiv an....und die bewertung ist jetzt auch realistisch im vergleich zum Sep. Die frage ist nur was macht VNP wenn wir auf 8,000(DOW) treffen scheint ja so zu sein das bei 3.50 schluss ist...eher 4 weil ich glaube da wurden noch einige SL's ausgeloest....
muß mal gucken wie ich denn an die aktie dran komme...in deutschland wird sie ja nicht gehandelt....muß ich wohl over the counter kaufen...weil bei meinem ami broker kann ich soweit ich weiß nur US aktien kaufen...und beim meinem deutschen habe ich kein geld mehr zum ausgebenaber bei der bewertung mit den gegebenen wachstums chancen koennte man sich ruhig 1k stueck ins depot legen...aber warten wir mal ab ich glaube die kommen heute was zurueck...
Noch ne andere frage ich bin ein bisschen verwirrt...warum reden jetzt alle von einem asp drop von bis zu 20 %....wenn man so sachen hoert das florida ihren ersten feed in tariff einbaut...und der ITC sowieso verlaengert worden ist...und der gilt auch fuer utilities....warum wird dann so ein schlechtes bild gemalt...ich sehe ja ein das der credit crunch uebel ist....und das anlagen hauptsaechlich ueber anleihen finaziert werden weil dann der gewinn der anlagen noch besser ist....aber mit den ganzen paketen sollte doch ein rasantes wachstum trotz den umstaenden moeglich sein....oder sehe ich das falsch?mfg CW
muß mal gucken wie ich denn an die aktie dran komme...in deutschland wird sie ja nicht gehandelt....muß ich wohl over the counter kaufen...weil bei meinem ami broker kann ich soweit ich weiß nur US aktien kaufen...und beim meinem deutschen habe ich kein geld mehr zum ausgeben
aber bei der bewertung mit den gegebenen wachstums chancen koennte man sich ruhig 1k stueck ins depot legen...aber warten wir mal ab ich glaube die kommen heute was zurueck...Noch ne andere frage ich bin ein bisschen verwirrt...warum reden jetzt alle von einem asp drop von bis zu 20 %....wenn man so sachen hoert das florida ihren ersten feed in tariff einbaut...und der ITC sowieso verlaengert worden ist...und der gilt auch fuer utilities....warum wird dann so ein schlechtes bild gemalt...ich sehe ja ein das der credit crunch uebel ist....und das anlagen hauptsaechlich ueber anleihen finaziert werden weil dann der gewinn der anlagen noch besser ist....aber mit den ganzen paketen sollte doch ein rasantes wachstum trotz den umstaenden moeglich sein....oder sehe ich das falsch?mfg CW
Antwort auf Beitrag Nr.: 35.574.026 von dicki31785 am 15.10.08 10:09:391) mE reden nicht "ALLE" über einen 20% drop.
2) Das Preisniveau in den jetzt wahrscheinlich starken Märkten USA und Deutschland ist dramatisch niedriger, als das, was in Spanien zu erzielen war. Das war Manna vom Himmel. Deswegen sind sie ja alle gerannt wie die Blöden....
Halte ich aber für gut für den Markt insgesamt, weil das Druck auf Verbesserungen macht.
2) Das Preisniveau in den jetzt wahrscheinlich starken Märkten USA und Deutschland ist dramatisch niedriger, als das, was in Spanien zu erzielen war. Das war Manna vom Himmel. Deswegen sind sie ja alle gerannt wie die Blöden....
Halte ich aber für gut für den Markt insgesamt, weil das Druck auf Verbesserungen macht.
5N Plus Inc. Holds Official Opening Ceremony for New German Facility
MONTREAL, Oct. 17 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) today held an
official opening ceremony for its new German facility located in
Eisenhuttenstadt, in the state of Brandenburg. The facility, which is owned
and operated by 5N PV GmbH, a wholly-owned German subsidiary of 5N Plus,
produces cadmium telluride and other products for the photovoltaic market.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer presided
over the ceremony, which was attended by Mr. Detlef Stronk as a representative
of Brandenburg's Minister of Economics, Mr. Ulrich Junghanns, Mr. Rainer
Werner, the Mayor of Eisenhuttenstadt, Peter M. Boehm, Ambassador of Canada in
Germany, and Mr. Serge Vaillancourt of the Québec delegation to Germany, as
well as a number of guests representing various stakeholders.
"We are pleased to celebrate the official opening of our new
Eisenhuttenstadt facility, which began operations on July 29, 2008" said
Mr. L'Ecuyer. "We are excited about its performance so far and its future
prospects as the German and European photovoltaic industries continue to
develop. We are also grateful for the financial support received from the
German government and the state of Brandenburg towards the construction of our
new facility", Mr. L'Ecuyer added.
Mr. Stronk commented: "We are delighted to announce the opening of the 5N
PV production site here in Eisenhuttenstadt. The Canadian company has built
one of the most modern production facilities for high-purity metals, a
precursor for the fabrication of solar modules, in the world. Thereby, we are
able to come closer to our goal of establishing the entire value chain in the
sector of renewable energy here in the region. The 5N PV investment further
enhances this development and highlights once more that Brandenburg is an
attractive and innovative location for investors from throughout the world."
MONTREAL, Oct. 17 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) today held an
official opening ceremony for its new German facility located in
Eisenhuttenstadt, in the state of Brandenburg. The facility, which is owned
and operated by 5N PV GmbH, a wholly-owned German subsidiary of 5N Plus,
produces cadmium telluride and other products for the photovoltaic market.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer presided
over the ceremony, which was attended by Mr. Detlef Stronk as a representative
of Brandenburg's Minister of Economics, Mr. Ulrich Junghanns, Mr. Rainer
Werner, the Mayor of Eisenhuttenstadt, Peter M. Boehm, Ambassador of Canada in
Germany, and Mr. Serge Vaillancourt of the Québec delegation to Germany, as
well as a number of guests representing various stakeholders.
"We are pleased to celebrate the official opening of our new
Eisenhuttenstadt facility, which began operations on July 29, 2008" said
Mr. L'Ecuyer. "We are excited about its performance so far and its future
prospects as the German and European photovoltaic industries continue to
develop. We are also grateful for the financial support received from the
German government and the state of Brandenburg towards the construction of our
new facility", Mr. L'Ecuyer added.
Mr. Stronk commented: "We are delighted to announce the opening of the 5N
PV production site here in Eisenhuttenstadt. The Canadian company has built
one of the most modern production facilities for high-purity metals, a
precursor for the fabrication of solar modules, in the world. Thereby, we are
able to come closer to our goal of establishing the entire value chain in the
sector of renewable energy here in the region. The 5N PV investment further
enhances this development and highlights once more that Brandenburg is an
attractive and innovative location for investors from throughout the world."
Apollo Solar Energy completes solar PV industry park
Filed from Houston 11/21/2008 8:33:35 PM GMT
China
CHENGDU, CHINA: Apollo Solar Energy, Inc., a miner, refiner and producer of tellurium (Te) and high-purity tellurium based metals for specific segments of the electronic materials market in China, has completed the Phase I construction of its solar photovoltaic industry park . Production has begun immediately after the completion of the construction.
Phase I of the construction was the Solar Photovoltaic (PV) Industry Park, a solar PV cell material manufacturing base located in Shuangliu, Chengdu, China, The park includes a 65,000-square meter (699,654-square foot) factory and 300 sets of manufacturing equipment in operations. The company has the capacity to produce 400 tons of photovoltaic cell material and 42 other types of electronic materials.
Following completion of Phase I construction, the company hosted its first Annual Autumn Sales Event. During the four-day sales event, 84 customers, including CERAC, visited Apollo Solar Energy and contracts totaling US$3.63 million were signed between Apollo Solar Energy and its customers. Letters of intents to purchase the company's products over the next three years were also signed.
Filed from Houston 11/21/2008 8:33:35 PM GMT
China
CHENGDU, CHINA: Apollo Solar Energy, Inc., a miner, refiner and producer of tellurium (Te) and high-purity tellurium based metals for specific segments of the electronic materials market in China, has completed the Phase I construction of its solar photovoltaic industry park . Production has begun immediately after the completion of the construction.
Phase I of the construction was the Solar Photovoltaic (PV) Industry Park, a solar PV cell material manufacturing base located in Shuangliu, Chengdu, China, The park includes a 65,000-square meter (699,654-square foot) factory and 300 sets of manufacturing equipment in operations. The company has the capacity to produce 400 tons of photovoltaic cell material and 42 other types of electronic materials.
Following completion of Phase I construction, the company hosted its first Annual Autumn Sales Event. During the four-day sales event, 84 customers, including CERAC, visited Apollo Solar Energy and contracts totaling US$3.63 million were signed between Apollo Solar Energy and its customers. Letters of intents to purchase the company's products over the next three years were also signed.
5N PLUS INC.
5N PLUS INC.
Attention Business/Financial Editors
5N Plus Inc. announces start of normal course issuer bid
MONTREAL, Dec. 2 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) announces that
the Toronto Stock Exchange has approved 5N Plus' normal course issuer bid.
Under the normal course issuer bid, 5N Plus is entitled to repurchase for
cancellation up to 2,275,000 common shares over the twelve-month period
starting on December 4, 2008 and ending on December 3, 2009, representing 5%
of 5N Plus' issued and outstanding common shares. The purchases by 5N Plus
will be effected through the facilities of the Toronto Stock Exchange and will
be made at the market price of the common shares at the time of the purchase.
As at November 30, 2008, there were 45,500,000 5N Plus common shares issued
and outstanding.
During the six months ended October 31, 2008, the average daily trading
volume for the common shares of 5N Plus on the TSX was 340,201 shares.
Consequently, under the policies of the TSX, 5N Plus will have the right to
repurchase, during any one trading day until March 31, 2009, a maximum of
170,100 common shares, representing 50% of the average daily trading volume,
and thereafter, a maximum of 85,050 common shares, representing 25% of the
average daily trading volume. In addition, 5N Plus may make, once per calendar
week, a block purchase (as such term is defined in the TSX Company Manual) of
common shares not directly or indirectly owned by insiders of 5N Plus, in
accordance with the policies of the TSX.
The Board of Directors of 5N Plus considers that the underlying value of
5N Plus may not be reflected in the market price of its common shares at
certain times during the term of the normal course issuer bid. The Board has
therefore concluded that the repurchase of shares at certain market prices may
constitute an appropriate use of financial resources and be beneficial to 5N
Plus and its shareholders.
Any purchases made pursuant to the normal course issuer bid will be made
in accordance with the rules of the Toronto Stock Exchange. 5N Plus will make
no purchases of common shares other than open market purchases during the
period of the normal course issuer bid. To the knowledge of 5N Plus, no
director or officer of 5N Plus intends to sell 5N Plus shares while the normal
course issuer bid is in effect.
5N PLUS INC.
Attention Business/Financial Editors
5N Plus Inc. announces start of normal course issuer bid
MONTREAL, Dec. 2 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) announces that
the Toronto Stock Exchange has approved 5N Plus' normal course issuer bid.
Under the normal course issuer bid, 5N Plus is entitled to repurchase for
cancellation up to 2,275,000 common shares over the twelve-month period
starting on December 4, 2008 and ending on December 3, 2009, representing 5%
of 5N Plus' issued and outstanding common shares. The purchases by 5N Plus
will be effected through the facilities of the Toronto Stock Exchange and will
be made at the market price of the common shares at the time of the purchase.
As at November 30, 2008, there were 45,500,000 5N Plus common shares issued
and outstanding.
During the six months ended October 31, 2008, the average daily trading
volume for the common shares of 5N Plus on the TSX was 340,201 shares.
Consequently, under the policies of the TSX, 5N Plus will have the right to
repurchase, during any one trading day until March 31, 2009, a maximum of
170,100 common shares, representing 50% of the average daily trading volume,
and thereafter, a maximum of 85,050 common shares, representing 25% of the
average daily trading volume. In addition, 5N Plus may make, once per calendar
week, a block purchase (as such term is defined in the TSX Company Manual) of
common shares not directly or indirectly owned by insiders of 5N Plus, in
accordance with the policies of the TSX.
The Board of Directors of 5N Plus considers that the underlying value of
5N Plus may not be reflected in the market price of its common shares at
certain times during the term of the normal course issuer bid. The Board has
therefore concluded that the repurchase of shares at certain market prices may
constitute an appropriate use of financial resources and be beneficial to 5N
Plus and its shareholders.
Any purchases made pursuant to the normal course issuer bid will be made
in accordance with the rules of the Toronto Stock Exchange. 5N Plus will make
no purchases of common shares other than open market purchases during the
period of the normal course issuer bid. To the knowledge of 5N Plus, no
director or officer of 5N Plus intends to sell 5N Plus shares while the normal
course issuer bid is in effect.
5N Plus Inc. will host a conference call to discuss its second quarter results
(TSX: VNP)
MONTREAL, Jan. 5 /CNW Telbec/ - 5N Plus announced that it will report
financial results for the second quarter on Tuesday, January 13, 2009.
5N Plus will host a conference call at 10:00 a.m., on Wednesday, January
14, 2009 Interested parties may also access the conference call by webcast at
www.5nplus.com.
The telephone numbers to access the conference call are 1-800-731-5774,
1-416-644-3416 or 514-807-8791.
<<
OPEN TO: Analysts, investors and all interested parties
DATE: January 14, 2009
TIME: 10:00 Eastern Time
>>
MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY
FOR PERMISSION.
(TSX: VNP)
MONTREAL, Jan. 5 /CNW Telbec/ - 5N Plus announced that it will report
financial results for the second quarter on Tuesday, January 13, 2009.
5N Plus will host a conference call at 10:00 a.m., on Wednesday, January
14, 2009 Interested parties may also access the conference call by webcast at
www.5nplus.com.
The telephone numbers to access the conference call are 1-800-731-5774,
1-416-644-3416 or 514-807-8791.
<<
OPEN TO: Analysts, investors and all interested parties
DATE: January 14, 2009
TIME: 10:00 Eastern Time
>>
MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY
FOR PERMISSION.
5N Plus Inc. Reports Record Sales and Net Earnings for the Second Quarter Ended November 30, 2008
MONTREAL, Jan. 13 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) today announced
financial results for the second quarter of fiscal 2009 ended November 30,
2008. Results continued to reflect a trend of strong financial performance
with net earnings, sales and EBITDA(1) all reaching record levels. Net
earnings for the second quarter of 2009 were of $5,815,037 ($0.13 per share),
which represents a 376.8% increase over net earnings of $1,219,548 ($0.04 per
share) for the second quarter of the previous fiscal year. Sales for the
second quarter were of $18,135,824 up by 166.9% compared with sales of
$6,795,743 for the second quarter of the previous fiscal year. EBITDA
increased by 282.0% in the second quarter to $8,871,494 up from $2,322,589
during the second quarter of the previous fiscal year.
For the six month period ended November 30, 2008, net earnings increased
by 337.5% to $10,144,122 ($0.22 per share) and sales by 143.9% to $32,165,699.
This compares with net earnings of $2,318,804 ($0.08 per share) and sales of
$13,190,216 for the same period of the previous fiscal year. EBITDA also
increased during the six month period ended November 30, 2008 to $15,477,014
up by 252.1% from $4,395,074 for the corresponding period of the previous
fiscal year.
"We are pleased to report the results of the second quarter of our 2009
fiscal year which has been characterized by continuing growth and record level
profitability. This reflects the strong operational performance now at both of
our facilities and the increasing demand for our products. In spite of the
current financial world crisis, demand for our products remained strong during
the quarter as we managed to increase sales and further strengthen our twelve
month backlog of orders to a record level of $54,722,363 as at November 30,
2008. The current quarter was the first throughout which our German facility
was fully operational and we are extremely pleased by its performance and the
rapid ramp up in production capacity that has been achieved there" commented
Mr. Jacques L'Ecuyer, President and Chief Executive Officer.
He added, "We approved soon after the closing of the quarter a normal
course issuer bid as we believe that the underlying value of 5N Plus may not
be reflected in the market price of our common shares. Consequently we
estimate that the repurchase of our shares under certain conditions may
constitute an appropriate use of our financial resources and be beneficial to
5N Plus and its shareholders".
Mr. L'Ecuyer concluded, "We are monitoring closely the impact of the
current financial turbulences on our customers and business. We are confident
that we have both the operational and financial flexibility to make the
necessary adjustments in our operating practices if the situation warrants.
Furthermore, we continue to believe that our strong balance sheet with cash
and cash equivalents of over $60 million and our ability to generate positive
cash flows position us uniquely to take advantage of both organic growth and
in particular accretive acquisitions opportunities".
The interim consolidated financial statements of 5N Plus, as well as
Management's Discussion and Analysis of this second quarter ended November 30,
2008 are available on the 5N Plus website, at www.5nplus.com and on the SEDAR
website at www.sedar.com.
Webcast Information
The Company will host a conference call at 10:00 Eastern Time on
Wednesday January 14, 2009 with financial analysts to discuss the second
quarter results. All interested parties are invited to participate to the live
broadcast on the company's Web site at www.5nplus.com. A replay of the webcast
and a recording of the Q&A will be available until January 28, 2009.
MONTREAL, Jan. 13 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) today announced
financial results for the second quarter of fiscal 2009 ended November 30,
2008. Results continued to reflect a trend of strong financial performance
with net earnings, sales and EBITDA(1) all reaching record levels. Net
earnings for the second quarter of 2009 were of $5,815,037 ($0.13 per share),
which represents a 376.8% increase over net earnings of $1,219,548 ($0.04 per
share) for the second quarter of the previous fiscal year. Sales for the
second quarter were of $18,135,824 up by 166.9% compared with sales of
$6,795,743 for the second quarter of the previous fiscal year. EBITDA
increased by 282.0% in the second quarter to $8,871,494 up from $2,322,589
during the second quarter of the previous fiscal year.
For the six month period ended November 30, 2008, net earnings increased
by 337.5% to $10,144,122 ($0.22 per share) and sales by 143.9% to $32,165,699.
This compares with net earnings of $2,318,804 ($0.08 per share) and sales of
$13,190,216 for the same period of the previous fiscal year. EBITDA also
increased during the six month period ended November 30, 2008 to $15,477,014
up by 252.1% from $4,395,074 for the corresponding period of the previous
fiscal year.
"We are pleased to report the results of the second quarter of our 2009
fiscal year which has been characterized by continuing growth and record level
profitability. This reflects the strong operational performance now at both of
our facilities and the increasing demand for our products. In spite of the
current financial world crisis, demand for our products remained strong during
the quarter as we managed to increase sales and further strengthen our twelve
month backlog of orders to a record level of $54,722,363 as at November 30,
2008. The current quarter was the first throughout which our German facility
was fully operational and we are extremely pleased by its performance and the
rapid ramp up in production capacity that has been achieved there" commented
Mr. Jacques L'Ecuyer, President and Chief Executive Officer.
He added, "We approved soon after the closing of the quarter a normal
course issuer bid as we believe that the underlying value of 5N Plus may not
be reflected in the market price of our common shares. Consequently we
estimate that the repurchase of our shares under certain conditions may
constitute an appropriate use of our financial resources and be beneficial to
5N Plus and its shareholders".
Mr. L'Ecuyer concluded, "We are monitoring closely the impact of the
current financial turbulences on our customers and business. We are confident
that we have both the operational and financial flexibility to make the
necessary adjustments in our operating practices if the situation warrants.
Furthermore, we continue to believe that our strong balance sheet with cash
and cash equivalents of over $60 million and our ability to generate positive
cash flows position us uniquely to take advantage of both organic growth and
in particular accretive acquisitions opportunities".
The interim consolidated financial statements of 5N Plus, as well as
Management's Discussion and Analysis of this second quarter ended November 30,
2008 are available on the 5N Plus website, at www.5nplus.com and on the SEDAR
website at www.sedar.com.
Webcast Information
The Company will host a conference call at 10:00 Eastern Time on
Wednesday January 14, 2009 with financial analysts to discuss the second
quarter results. All interested parties are invited to participate to the live
broadcast on the company's Web site at www.5nplus.com. A replay of the webcast
and a recording of the Q&A will be available until January 28, 2009.
aus dem 10k-2007 von II-VI Technologies (so billig konnte man mal drankommen...):
In July 2001, the Company acquired for $1.7 million a 25% ownership interest in 5NPlus, Inc., a supplier to
the Company. In July 2002, the Company increased its ownership interest to 33% as a result of a loan conversion to
equity in accordance with the original purchase agreement in the amount of $0.4 million. In April 2005, the Company
increased its ownership to approximately 36% as a result of acquiring a pro-rata ownership percentage of an exiting
shareholder for $0.2 million. This investment is accounted for under the equity method of accounting.
At June 30, 2007 and 2006, the Company had outstanding notes receivable of approximately $0.3 million and
$0.4 million, respectively, from equipment and supply agreements with 5NPlus. Payments on these notes are made
quarterly with interest calculated at up to the Canadian Prime Rate plus 1.5% on the unpaid balance. For the years
ended June 30, 2007, 2006 and 2005, the Company purchased $1.4 million, $1.2 million and $1.0 million, respectively,
of raw materials each year from 5NPlus. The Company's pro rata share of the earnings from this investment and the
interest received from these agreements were approximately $0.9 million, $0.2 million and $0.2 million for the years
ended June 30, 2007, 2006 and 2005, respectively.
In July 2001, the Company acquired for $1.7 million a 25% ownership interest in 5NPlus, Inc., a supplier to
the Company. In July 2002, the Company increased its ownership interest to 33% as a result of a loan conversion to
equity in accordance with the original purchase agreement in the amount of $0.4 million. In April 2005, the Company
increased its ownership to approximately 36% as a result of acquiring a pro-rata ownership percentage of an exiting
shareholder for $0.2 million. This investment is accounted for under the equity method of accounting.
At June 30, 2007 and 2006, the Company had outstanding notes receivable of approximately $0.3 million and
$0.4 million, respectively, from equipment and supply agreements with 5NPlus. Payments on these notes are made
quarterly with interest calculated at up to the Canadian Prime Rate plus 1.5% on the unpaid balance. For the years
ended June 30, 2007, 2006 and 2005, the Company purchased $1.4 million, $1.2 million and $1.0 million, respectively,
of raw materials each year from 5NPlus. The Company's pro rata share of the earnings from this investment and the
interest received from these agreements were approximately $0.9 million, $0.2 million and $0.2 million for the years
ended June 30, 2007, 2006 and 2005, respectively.
Habe die Q3-Zahlen zum 28.2.09 letzte Woche komplett übersehen:
http://www.5nplus.com/images/T32009/ef_280209_va.pdf
Wie erwartet weiter bärenstark, wobei mir ein Anstieg der Fertigwaren auffällt. Der könnte auf Verstopfungen in der Pipeline hindeuten. Laut MD&A liegt es allerdings an einer Verringerung des Tolling-Business.
Werde mir den CC mal zu Gemüte führen und melde mich dann wieder.
http://www.5nplus.com/images/T32009/ef_280209_va.pdf
Wie erwartet weiter bärenstark, wobei mir ein Anstieg der Fertigwaren auffällt. Der könnte auf Verstopfungen in der Pipeline hindeuten. Laut MD&A liegt es allerdings an einer Verringerung des Tolling-Business.
Werde mir den CC mal zu Gemüte führen und melde mich dann wieder.
5N PLUS INC.
5N PLUS INC.
Attention Business/Financial Editors
5N Plus Inc. Extends Supply Agreements with First Solar, Increases Minimum Quantities to be Ordered
MONTREAL, June 24 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) today announced
the extension of its supply agreements with First Solar, Inc. pursuant to
which 5N Plus provides cadmium telluride and cadmium sulphide to First Solar
from 5N Plus' facilities in Montreal and Germany. Pursuant to the amendments,
the supply agreements are being extended until July 31, 2013, representing one
additional year.
The agreements have also been amended to increase by 50% the minimum
prescribed quantities of cadmium telluride to be ordered by First Solar for
the remaining term of the agreements.
5N PLUS INC.
Attention Business/Financial Editors
5N Plus Inc. Extends Supply Agreements with First Solar, Increases Minimum Quantities to be Ordered
MONTREAL, June 24 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) today announced
the extension of its supply agreements with First Solar, Inc. pursuant to
which 5N Plus provides cadmium telluride and cadmium sulphide to First Solar
from 5N Plus' facilities in Montreal and Germany. Pursuant to the amendments,
the supply agreements are being extended until July 31, 2013, representing one
additional year.
The agreements have also been amended to increase by 50% the minimum
prescribed quantities of cadmium telluride to be ordered by First Solar for
the remaining term of the agreements.
Antwort auf Beitrag Nr.: 37.462.739 von R-BgO am 24.06.09 22:44:28hast du ne ahnung wieiviel das ist (in dollar terms)?...mfg CW
Antwort auf Beitrag Nr.: 37.465.952 von dicki31785 am 25.06.09 13:43:46nö, aber FSLR macht etwa 80% des Umsatzes aus...
erwarte die Zahlen irgendwann nächste Woche
Antwort auf Beitrag Nr.: 37.711.428 von R-BgO am 04.08.09 22:37:54hast du mal ne expectation fuer die zahlen von morgen...von dir oder auch die consensus analyst expectation?!?mfg cw
5N Plus Inc. will host a conference call to discuss its fourth quarter results
MONTREAL, Aug. 5 /CNW Telbec/ - 5N Plus announced today that it will report financial results for the fourth quarter on Wednesday, August 12, 2009.
5N Plus will host a conference call at 8:00 a.m., on Thursday, August 13,2009 Interested parties may also access the conference call by webcast at www.5nplus.com
The telephone numbers to access the conference call are 1-800-814-4859, 1-416-644-3431 or 514-807-8791.
OPEN TO: Analysts, investors and all interested parties
DATE: August 13, 2009
TIME: 8:00 a.m. Eastern Time
MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY FOR PERMISSION.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at www.5nplus.com
5N Plus Inc. will host a conference call to discuss its fourth quarter results
MONTREAL, Aug. 5 /CNW Telbec/ - 5N Plus announced today that it will report financial results for the fourth quarter on Wednesday, August 12, 2009.
5N Plus will host a conference call at 8:00 a.m., on Thursday, August 13,2009 Interested parties may also access the conference call by webcast at www.5nplus.com
The telephone numbers to access the conference call are 1-800-814-4859, 1-416-644-3431 or 514-807-8791.
OPEN TO: Analysts, investors and all interested parties
DATE: August 13, 2009
TIME: 8:00 a.m. Eastern Time
MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY FOR PERMISSION.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at www.5nplus.com
ps hast du dir den letzten CC angehoert?wie kam es zu dem rapiden anstieg im inventory account...mfg CW
schaun wir mal was jetzt passiert...kommt endlich ein bisschen volumen ins spiel in den naechsten minutenmfg CW
mfg CW
Antwort auf Beitrag Nr.: 37.755.886 von dicki31785 am 11.08.09 17:17:59naja den kurs konnte ich auch nicht grossartig bewegen...10 cent bewegung mit meinen kauefen...obwohl ich 15% des tagesvolumen zu den zeitpunkt hatte...naja wie auch immer das balance sheet von den jungs ist blitz sauber....das einzige was ein bisschen besorgnis erregend ist...ist das inventory account...waere schoen wenn sie morgen zahlen bekannt geben das inventory wieder ein bissl gesunken ist....mfg CW
Long ABX, AUY, CSIQ, TSL, SSL, VNP
Long ABX, AUY, CSIQ, TSL, SSL, VNP
5N Plus Inc. Reports Fourth Quarter Results and Record Sales and Earnings for Fiscal Year 2009
Wed. August 12, 2009; Posted: 07:56 PM
MONTREAL, Aug. 12, 2009 (Canada NewsWire via COMTEX) -- VNP | Quote | Chart | News | PowerRating -- 5N Plus Inc. (TSX: VNP | Quote | Chart | News | PowerRating) today reported financial results for its fourth quarter and fiscal year ended May 31, 2009 including record levels of earnings and sales for the fiscal year.
Net earnings for the fourth quarter were $5,708,451 or $0.13 per share, representing a 111% increase over net earnings of $2,703,068 or $0.06 per share for the fourth quarter of the previous fiscal year. For the fiscal year ended May 31, 2009, net earnings were at a record level of $20,868,124 or $0.46 per share, representing an increase of 191% over net earnings of $7,175,011 or $0.20 per share for the previous fiscal year.
EBITDA(1) for the fourth quarter was $8,576,126, representing an increase of 119% over EBITDA of $3,916,750 for the fourth quarter of the previous fiscal year. EBITDA reached a record level of $31,409,878 for the fiscal year ended May 31, 2009, an increase of 178% over EBITDA of $11,318,178 for the previous fiscal year.
Sales for the fourth quarter were $18,057,223, representing an increase of 92% over sales of $9,423,908 for the fourth quarter of the previous fiscal year. Sales for the fiscal year ended May 31, 2009 were at a record level of $69,373,117, an increase of 124.0% compared to sales of $30,972,941 for the previous fiscal year. The backlog(2) of orders expected to translate into sales over the following twelve months stood at $52,224,368 at the fiscal year end which represents a 73 % increase over its level of $30,174,000 at the end of the previous fiscal year.
Cash flow from operating activities was $4,965,655 for the quarter and $16,239,645 for the fiscal year ended May 31, 2009. This compares with a cash consumption of $3,519,086 and $2,163,317 for the corresponding periods of the previous fiscal year. Cash and cash equivalents increased by $5,489,787 during the fiscal year to $65,066,530 as at May 31, 2009, up from $59,576,743 as at May 31, 2008. Shareholders' equity also increased during the fiscal year to $112,368,764 as at May 31, 2009 up from $90,962,804 one year earlier.
Jacques L'Ecuyer, President and Chief Executive Officer, said "The results of our fourth quarter are in line with those of the previous two quarters and complete a record breaking 2009 fiscal year which was transformational for 5N Plus in many respects. From an operational standpoint, fiscal 2009 was the year in which we completed our international expansion and successfully commissioned our new German facility in Eisenhuttenstadt which began shipments of solar grade products during the first quarter of the fiscal year. This $18 million investment, our largest project ever, was completed on time and within budget enabling us to better serve our European customers and develop a platform for future growth. From a financial standpoint, fiscal 2009 was a record breaking year with sales, EBITDA and earnings all more than doubling when compared to the previous fiscal year, in spite of the financial turmoil and the difficult economic environment. This has allowed us to further strengthen our balance sheet and cash position providing us with the flexibility needed to implement our growth plan which calls for investments aimed at positioning our firm as the leading electronic materials company through diversification of our product offering and accretive acquisitions. Fiscal year 2009 was also the year in which we truly became an international company with operations and employees in two different countries. Interactions and close collaboration between our two facilities has been a determining factor in our ability to improve operational performance, sales and margins and meet the growing demands of our customers."
Mr. L'Ecuyer continued, "Although 2009 has been more difficult than initially anticipated for the solar industry, we have continued to experience an increasing demand for our solar grade products for most of the year. The recent extension of our supply agreements with our key customer and their corresponding commitments is perhaps the best example of this." Mr. L'Ecuyer concluded, "I would like to thank our employees for a truly outstanding year as well as our shareholders for their confidence and continuing support."
The audited consolidated financial statements of 5N Plus, as well as the Management's Report of fiscal year ended May 31, 2009 are available on the 5N Plus website, at www.5nplus.com or at www.sedar.com
Webcast Information
The Company will host a conference call at 8:00 AM Eastern Time on Thursday, August 13, 2009 with financial analysts to discuss the fourth quarter and year ended May 31, 2009. All interested parties are invited to participate to the live broadcast on the company's Web site at www.5nplus.com. A replay of the webcast and a recording of the Q&A will be available until August 27, 2009.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
<<
--------------------------------------
(1) EBITDA is a non-GAAP measure and means earnings before financing
costs, interest income, income taxes, depreciation and amortization
and is presented on a consistent basis from period to period. The
definition of this non-GAAP measure used by the Company may differ
from that used by other companies.
(2) Backlog is a non-GAAP measure that represents the expected value of
orders we have received but have not yet executed and that are
expected to translate into sales within the next 12 months.
5n Plus Inc.
Consolidated Statements of Earnings
Years ended May 31
-------------------------------------------------------------------------
(in Canadian dollars) 2009 2008
(Restated)
-------------------------------------------------------------------------
Sales $ 69,373,117 $ 30,972,941
Cost of sales 34,174,231 14,649,152
--------------------------------
Gross profit 35,198,886 16,323,789
Expenses
Selling and administrative 5,277,745 2,911,797
Depreciation of property, plant and
equipment 2,154,552 1,048,886
Research and development 1,241,142 930,232
Foreign exchange gain (3,441,588) (124,710)
Financial 377,449 360,903
Interest income (1,118,881) (419,901)
--------------------------------
4,490,419 4,707,207
--------------------------------
Earnings before undernoted items 30,708,467 11,616,582
Start-up costs, new plant 711,709 1,288,292
--------------------------------
Earnings before income taxes 29,996,758 10,328,290
Income taxes
Current 7,727,016 3,395,315
Future 1,401,618 (242,036)
--------------------------------
9,128,634 3,153,279
--------------------------------
Net earnings $ 20,868,124 $ 7,175,011
-------------------------------------------------------------------------
Earnings per share
Basic $ 0.46 $ 0.20
Diluted $ 0.45 $ 0.19
-------------------------------------------------------------------------
Weighted average number of common shares
Basic 45,505,213 35,308,641
Diluted 45,876,122 36,884,776
-------------------------------------------------------------------------
5N Plus Inc.
Consolidated Balance Sheets
As at May 31
-------------------------------------------------------------------------
(in Canadian dollars) 2009 2008
(Restated)
-------------------------------------------------------------------------
Assets
Current assets
Cash and cash equivalents $ 65,066,530 $ 59,576,743
Accounts receivable 6,702,197 10,164,562
Inventories 27,054,960 12,727,564
Prepaid expenses and deposits 516,391 348,504
Foreign currency forward contracts 1,685,076 -
Future income taxes 249,958 686,207
--------------------------------
101,275,112 83,503,580
Property, plant and equipment 26,178,423 21,220,889
Grant receivable - 2,053,377
Future income taxes 662,639 909,536
Other assets 52,682 55,681
--------------------------------
$ 128,168,856 $ 107,743,063
--------------------------------
Liabilities and Shareholders' Equity
Current liabilities
Bank loan $ - $ 1,262,205
Accounts payable and accrued
liabilities 6,791,675 7,486,227
Income taxes payable 3,021,632 1,754,114
Current portion of long-term debt 549,922 578,922
Current portion of other long-term
liabilities 41,725 270,251
Future income taxes 311,897 -
--------------------------------
10,716,851 11,351,719
Long-term debt 3,997,923 4,547,028
Other long-term liabilities - 127,906
Deferred revenue 641,618 753,606
Future income taxes 443,700 -
--------------------------------
15,800,092 16,780,259
Shareholders' Equity
Share capital 81,881,914 81,788,694
Contributed surplus 797,800 242,136
Accumulated other comprehensive income (111,048) -
Retained earnings 29,800,098 8,931,974
--------------------------------
112,368,764 90,962,804
--------------------------------
$ 128,168,856 $ 107,743,063
-------------------------------------------------------------------------
Reconciliation of EBITDA
------------------------------------------------
Three months ended May 31
-------------------------------------------------------------------------
2009 2008 Increase
------------------------------------------------
Net earnings $ 5,708,451 $ 2,703,068 111.2 %
Add (deduct):
Income taxes 2,345,056 1,109,535
Financial expenses &
Interest income (78,822) (193,590)
Depreciation and
amortization 601,441 297,737
-------------------------------------------------------------------------
EBITDA $ 8,576,126 $ 3,916,750 119.0 %
-------------------------------------------------------------------------
------------------------------------------------
Twelve months ended May 31
-------------------------------------------------------------------------
2009 2008 Increase
------------------------------------------------
Net earnings $ 20,868,124 $ 7,175,011 190.8 %
Add (deduct):
Income taxes 9,128,634 3,153,279
Financial expenses &
Interest income (741,432) (58,998)
Depreciation and
amortization 2,154,552 1,048,886
-------------------------------------------------------------------------
EBITDA $ 31,409,878 $ 11,318,178 177.5 %
-------------------------------------------------------------------------
Cash Flows
---------------------------------------------------------
Three months ended May 31 Twelve months ended May 31
---------------------------------------------------------
2009 2008 2009 2008
-------------------------------------------------------------------------
Operating
activities $ 4,965,655 $ (3,519,086) $ 16,239,645 $ (2,163,317)
Financing
activities (756,927) 48,935,874 (2,257,973) 76,297,401
Investing
activities (1,129,436) (5,778,946) (8,660,804) (16,016,628)
Effect of changes
in foreign
currency
exchange (200,325) 38,831 168,919 (67,645)
-------------------------------------------------------------------------
INCREASE IN CASH
AND CASH
EQUIVALENTS $ 2,878,967 $ 39,676,673 $ 5,489,787 $ 58,049,811
-------------------------------------------------------------------------
Selected Annual Financial Information
-------------------------------------------------------------------------
YEARS ENDED MAY 31 2009 2008 2007
-------------------------------------------------------------------------
CONSOLIDATED RESULTS
Sales $ 69,373,117 $ 30,972,941 $ 21,897,240
EBITDA $ 31,409,878 $ 11,318,178 $ 6,722,501
Net earnings $ 20,868,124 $ 7,175,011 $ 3,574,082
Net earnings per common
share
Basic $ 0.46 $ 0.20 $ 0.12
Diluted $ 0.45 $ 0.19 $ 0.11
Dividend per common
share - $ 0.034 $ 0.003
BALANCE SHEET DATA
Total assets $ 128,168,856 $ 107,743,063 $ 17,363,037
Long-term debt $ 3,997,923 $ 4,674,934 $ 3,500,645
Shareholders' equity $ 112,368,764 $ 90,962,804 $ 7,546,467
-------------------------------------------------------------------------
2009 Selected Quarterly Financial Information
(Unaudited)
---------------------------------------------------------
Q4 Q3 Q2 Q1
-------------------------------------------------------------------------
Sales $ 18,057,223 $ 19,150,195 $ 18,135,824 $ 14,029,875
Gross profit $ 8,496,616 $ 9,840,268 $ 9,230,178 $ 7,631,824
EBITDA $ 8,576,126 $ 8,012,408 $ 8,798,520 $ 6,022,824
Net earnings $ 5,708,451 $ 5,189,673 $ 5,875,610 $ 4,094,390
Earnings per
share
Basic $ 0.13 $ 0.11 $ 0.13 $ 0.09
Diluted $ 0.12 $ 0.11 $ 0.13 $ 0.09
Backlog $ 52,224,368 $ 52,024,064 $ 54,722,363 $ 53,646,727
-------------------------------------------------------------------------
>>
SOURCE: 5N PLUS INC.
Jacques L'Écuyer, President and Chief Executive Officer, 5N Plus Inc.,
(514) 856-0644, jacques.lecuyer@5nplus.com
For full details for FPLSF click here.
Wed. August 12, 2009; Posted: 07:56 PM
MONTREAL, Aug. 12, 2009 (Canada NewsWire via COMTEX) -- VNP | Quote | Chart | News | PowerRating -- 5N Plus Inc. (TSX: VNP | Quote | Chart | News | PowerRating) today reported financial results for its fourth quarter and fiscal year ended May 31, 2009 including record levels of earnings and sales for the fiscal year.
Net earnings for the fourth quarter were $5,708,451 or $0.13 per share, representing a 111% increase over net earnings of $2,703,068 or $0.06 per share for the fourth quarter of the previous fiscal year. For the fiscal year ended May 31, 2009, net earnings were at a record level of $20,868,124 or $0.46 per share, representing an increase of 191% over net earnings of $7,175,011 or $0.20 per share for the previous fiscal year.
EBITDA(1) for the fourth quarter was $8,576,126, representing an increase of 119% over EBITDA of $3,916,750 for the fourth quarter of the previous fiscal year. EBITDA reached a record level of $31,409,878 for the fiscal year ended May 31, 2009, an increase of 178% over EBITDA of $11,318,178 for the previous fiscal year.
Sales for the fourth quarter were $18,057,223, representing an increase of 92% over sales of $9,423,908 for the fourth quarter of the previous fiscal year. Sales for the fiscal year ended May 31, 2009 were at a record level of $69,373,117, an increase of 124.0% compared to sales of $30,972,941 for the previous fiscal year. The backlog(2) of orders expected to translate into sales over the following twelve months stood at $52,224,368 at the fiscal year end which represents a 73 % increase over its level of $30,174,000 at the end of the previous fiscal year.
Cash flow from operating activities was $4,965,655 for the quarter and $16,239,645 for the fiscal year ended May 31, 2009. This compares with a cash consumption of $3,519,086 and $2,163,317 for the corresponding periods of the previous fiscal year. Cash and cash equivalents increased by $5,489,787 during the fiscal year to $65,066,530 as at May 31, 2009, up from $59,576,743 as at May 31, 2008. Shareholders' equity also increased during the fiscal year to $112,368,764 as at May 31, 2009 up from $90,962,804 one year earlier.
Jacques L'Ecuyer, President and Chief Executive Officer, said "The results of our fourth quarter are in line with those of the previous two quarters and complete a record breaking 2009 fiscal year which was transformational for 5N Plus in many respects. From an operational standpoint, fiscal 2009 was the year in which we completed our international expansion and successfully commissioned our new German facility in Eisenhuttenstadt which began shipments of solar grade products during the first quarter of the fiscal year. This $18 million investment, our largest project ever, was completed on time and within budget enabling us to better serve our European customers and develop a platform for future growth. From a financial standpoint, fiscal 2009 was a record breaking year with sales, EBITDA and earnings all more than doubling when compared to the previous fiscal year, in spite of the financial turmoil and the difficult economic environment. This has allowed us to further strengthen our balance sheet and cash position providing us with the flexibility needed to implement our growth plan which calls for investments aimed at positioning our firm as the leading electronic materials company through diversification of our product offering and accretive acquisitions. Fiscal year 2009 was also the year in which we truly became an international company with operations and employees in two different countries. Interactions and close collaboration between our two facilities has been a determining factor in our ability to improve operational performance, sales and margins and meet the growing demands of our customers."
Mr. L'Ecuyer continued, "Although 2009 has been more difficult than initially anticipated for the solar industry, we have continued to experience an increasing demand for our solar grade products for most of the year. The recent extension of our supply agreements with our key customer and their corresponding commitments is perhaps the best example of this." Mr. L'Ecuyer concluded, "I would like to thank our employees for a truly outstanding year as well as our shareholders for their confidence and continuing support."
The audited consolidated financial statements of 5N Plus, as well as the Management's Report of fiscal year ended May 31, 2009 are available on the 5N Plus website, at www.5nplus.com or at www.sedar.com
Webcast Information
The Company will host a conference call at 8:00 AM Eastern Time on Thursday, August 13, 2009 with financial analysts to discuss the fourth quarter and year ended May 31, 2009. All interested parties are invited to participate to the live broadcast on the company's Web site at www.5nplus.com. A replay of the webcast and a recording of the Q&A will be available until August 27, 2009.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
<<
--------------------------------------
(1) EBITDA is a non-GAAP measure and means earnings before financing
costs, interest income, income taxes, depreciation and amortization
and is presented on a consistent basis from period to period. The
definition of this non-GAAP measure used by the Company may differ
from that used by other companies.
(2) Backlog is a non-GAAP measure that represents the expected value of
orders we have received but have not yet executed and that are
expected to translate into sales within the next 12 months.
5n Plus Inc.
Consolidated Statements of Earnings
Years ended May 31
-------------------------------------------------------------------------
(in Canadian dollars) 2009 2008
(Restated)
-------------------------------------------------------------------------
Sales $ 69,373,117 $ 30,972,941
Cost of sales 34,174,231 14,649,152
--------------------------------
Gross profit 35,198,886 16,323,789
Expenses
Selling and administrative 5,277,745 2,911,797
Depreciation of property, plant and
equipment 2,154,552 1,048,886
Research and development 1,241,142 930,232
Foreign exchange gain (3,441,588) (124,710)
Financial 377,449 360,903
Interest income (1,118,881) (419,901)
--------------------------------
4,490,419 4,707,207
--------------------------------
Earnings before undernoted items 30,708,467 11,616,582
Start-up costs, new plant 711,709 1,288,292
--------------------------------
Earnings before income taxes 29,996,758 10,328,290
Income taxes
Current 7,727,016 3,395,315
Future 1,401,618 (242,036)
--------------------------------
9,128,634 3,153,279
--------------------------------
Net earnings $ 20,868,124 $ 7,175,011
-------------------------------------------------------------------------
Earnings per share
Basic $ 0.46 $ 0.20
Diluted $ 0.45 $ 0.19
-------------------------------------------------------------------------
Weighted average number of common shares
Basic 45,505,213 35,308,641
Diluted 45,876,122 36,884,776
-------------------------------------------------------------------------
5N Plus Inc.
Consolidated Balance Sheets
As at May 31
-------------------------------------------------------------------------
(in Canadian dollars) 2009 2008
(Restated)
-------------------------------------------------------------------------
Assets
Current assets
Cash and cash equivalents $ 65,066,530 $ 59,576,743
Accounts receivable 6,702,197 10,164,562
Inventories 27,054,960 12,727,564
Prepaid expenses and deposits 516,391 348,504
Foreign currency forward contracts 1,685,076 -
Future income taxes 249,958 686,207
--------------------------------
101,275,112 83,503,580
Property, plant and equipment 26,178,423 21,220,889
Grant receivable - 2,053,377
Future income taxes 662,639 909,536
Other assets 52,682 55,681
--------------------------------
$ 128,168,856 $ 107,743,063
--------------------------------
Liabilities and Shareholders' Equity
Current liabilities
Bank loan $ - $ 1,262,205
Accounts payable and accrued
liabilities 6,791,675 7,486,227
Income taxes payable 3,021,632 1,754,114
Current portion of long-term debt 549,922 578,922
Current portion of other long-term
liabilities 41,725 270,251
Future income taxes 311,897 -
--------------------------------
10,716,851 11,351,719
Long-term debt 3,997,923 4,547,028
Other long-term liabilities - 127,906
Deferred revenue 641,618 753,606
Future income taxes 443,700 -
--------------------------------
15,800,092 16,780,259
Shareholders' Equity
Share capital 81,881,914 81,788,694
Contributed surplus 797,800 242,136
Accumulated other comprehensive income (111,048) -
Retained earnings 29,800,098 8,931,974
--------------------------------
112,368,764 90,962,804
--------------------------------
$ 128,168,856 $ 107,743,063
-------------------------------------------------------------------------
Reconciliation of EBITDA
------------------------------------------------
Three months ended May 31
-------------------------------------------------------------------------
2009 2008 Increase
------------------------------------------------
Net earnings $ 5,708,451 $ 2,703,068 111.2 %
Add (deduct):
Income taxes 2,345,056 1,109,535
Financial expenses &
Interest income (78,822) (193,590)
Depreciation and
amortization 601,441 297,737
-------------------------------------------------------------------------
EBITDA $ 8,576,126 $ 3,916,750 119.0 %
-------------------------------------------------------------------------
------------------------------------------------
Twelve months ended May 31
-------------------------------------------------------------------------
2009 2008 Increase
------------------------------------------------
Net earnings $ 20,868,124 $ 7,175,011 190.8 %
Add (deduct):
Income taxes 9,128,634 3,153,279
Financial expenses &
Interest income (741,432) (58,998)
Depreciation and
amortization 2,154,552 1,048,886
-------------------------------------------------------------------------
EBITDA $ 31,409,878 $ 11,318,178 177.5 %
-------------------------------------------------------------------------
Cash Flows
---------------------------------------------------------
Three months ended May 31 Twelve months ended May 31
---------------------------------------------------------
2009 2008 2009 2008
-------------------------------------------------------------------------
Operating
activities $ 4,965,655 $ (3,519,086) $ 16,239,645 $ (2,163,317)
Financing
activities (756,927) 48,935,874 (2,257,973) 76,297,401
Investing
activities (1,129,436) (5,778,946) (8,660,804) (16,016,628)
Effect of changes
in foreign
currency
exchange (200,325) 38,831 168,919 (67,645)
-------------------------------------------------------------------------
INCREASE IN CASH
AND CASH
EQUIVALENTS $ 2,878,967 $ 39,676,673 $ 5,489,787 $ 58,049,811
-------------------------------------------------------------------------
Selected Annual Financial Information
-------------------------------------------------------------------------
YEARS ENDED MAY 31 2009 2008 2007
-------------------------------------------------------------------------
CONSOLIDATED RESULTS
Sales $ 69,373,117 $ 30,972,941 $ 21,897,240
EBITDA $ 31,409,878 $ 11,318,178 $ 6,722,501
Net earnings $ 20,868,124 $ 7,175,011 $ 3,574,082
Net earnings per common
share
Basic $ 0.46 $ 0.20 $ 0.12
Diluted $ 0.45 $ 0.19 $ 0.11
Dividend per common
share - $ 0.034 $ 0.003
BALANCE SHEET DATA
Total assets $ 128,168,856 $ 107,743,063 $ 17,363,037
Long-term debt $ 3,997,923 $ 4,674,934 $ 3,500,645
Shareholders' equity $ 112,368,764 $ 90,962,804 $ 7,546,467
-------------------------------------------------------------------------
2009 Selected Quarterly Financial Information
(Unaudited)
---------------------------------------------------------
Q4 Q3 Q2 Q1
-------------------------------------------------------------------------
Sales $ 18,057,223 $ 19,150,195 $ 18,135,824 $ 14,029,875
Gross profit $ 8,496,616 $ 9,840,268 $ 9,230,178 $ 7,631,824
EBITDA $ 8,576,126 $ 8,012,408 $ 8,798,520 $ 6,022,824
Net earnings $ 5,708,451 $ 5,189,673 $ 5,875,610 $ 4,094,390
Earnings per
share
Basic $ 0.13 $ 0.11 $ 0.13 $ 0.09
Diluted $ 0.12 $ 0.11 $ 0.13 $ 0.09
Backlog $ 52,224,368 $ 52,024,064 $ 54,722,363 $ 53,646,727
-------------------------------------------------------------------------
>>
SOURCE: 5N PLUS INC.
Jacques L'Écuyer, President and Chief Executive Officer, 5N Plus Inc.,
(514) 856-0644, jacques.lecuyer@5nplus.com
For full details for FPLSF click here.
Is 5N Plus losing traction with First Solar?
By Emma Ritch
Published 2009-08-13 13:00
Shares of Montreal-based 5N Plus (TSE:VNP [1]) were down more than 4.5 percent to close at C$6.35 (US$5.85) today on the news that the company might be losing its position as the key supplier of cadmium telluride to thin-film leader First Solar [2] (Nasdaq: FSLR [3]).
5N Plus, which manufactures high-purity metals for the electronics and solar-power industries, supplied 54 percent of First Solar's cadmium telluride (CdTe) in 5N's fiscal fourth quarter of 2009—down from 74 percent in the previous quarter, according to an estimate from Ian Tharp, an analyst with Dundee Capital Markets.
That indicates that First Solar is either relying on new suppliers, or that the company has aggressively reduced its per-watt CdTe requirements, Tharp wrote in a report released today.
Tempe, Ariz.-based First Solar said in February that it was able to drive down the cost to produce thin-film panels to less than $1 per watt (see First Solar buys OptiSolar's pipeline of projects for $400M [4]). In its Q2 earnings report last month, the company said it reduced the manufacturing cost to $0.87 per watt, down 6.5 percent from the previous quarter. The company produced nearly 298 megawatts of CdTe modules in the quarter, up 32 percent over Q1. First Solar plans to expand its manufacturing capacity to 1,100 MW this year.
The First Solar supply deal accounted for 78 percent of 5N's revenue in the fourth quarter, down from 80 percent in Q3. If the current trend continues, 5N could suffer unless it finds a more diverse client base, Tharp wrote. In June, the companies extended their supply agreement through July 2013.
5N also reported record net earnings of C$5.7 million, or C$0.13 per share, for the fiscal Q4, which ended May 31, and record sales of C$18.11 million. For the same period a year earlier, 5N reported C$2.7 million in earnings and $9.4 million in sales.
The company's new, $18 million production facility in Eisenhuttenstadt, Germany, is expected to help it meet the order backlog of $52 million, up 73 percent from a year earlier.
Dundee established a 12-month price target of C$8, partially due to 5N's $65 million in cash that could be used for acquisitions and to expand its product line, both of which could diversify clients. Its 'buy' rating was also noted as 'high risk.'
-------------
Zum einen wären diese 54% durchaus zu hinterfragen. Hier kann es sich möglicherweise auch um Lagereffekte bei FSLR handeln.
Zum anderen geht es nicht unbedint darum, ein Versorgungsmonopol gegenüber FSLR zu haben - das ist eh unmöglich.
Dennoch fürchte ich, dass wir alle hier viel zu wenig über die Themen Tellur / Minen / Förderung / Veredelung / Kosten / Preise / Bezugsquellen usw. wissen. Fakt ist auf jeden Fall aber ganz grundsätzlich, dass 5N den Rohstoff kaufen muss und das veredelte Produkt an einen sehr, sehr starken Kunden verkaufen muss, der bis jetzt sogar Monopolist ist. Sie sitzen also in der Mitte zwischen Minenbetreibern (wahrscheinlich ein Oligopol) und FSLR (Monopol). Komfortabel ist das nicht. Auf lange Sicht ist hier viel Vorsicht angezeigt.
By Emma Ritch
Published 2009-08-13 13:00
Shares of Montreal-based 5N Plus (TSE:VNP [1]) were down more than 4.5 percent to close at C$6.35 (US$5.85) today on the news that the company might be losing its position as the key supplier of cadmium telluride to thin-film leader First Solar [2] (Nasdaq: FSLR [3]).
5N Plus, which manufactures high-purity metals for the electronics and solar-power industries, supplied 54 percent of First Solar's cadmium telluride (CdTe) in 5N's fiscal fourth quarter of 2009—down from 74 percent in the previous quarter, according to an estimate from Ian Tharp, an analyst with Dundee Capital Markets.
That indicates that First Solar is either relying on new suppliers, or that the company has aggressively reduced its per-watt CdTe requirements, Tharp wrote in a report released today.
Tempe, Ariz.-based First Solar said in February that it was able to drive down the cost to produce thin-film panels to less than $1 per watt (see First Solar buys OptiSolar's pipeline of projects for $400M [4]). In its Q2 earnings report last month, the company said it reduced the manufacturing cost to $0.87 per watt, down 6.5 percent from the previous quarter. The company produced nearly 298 megawatts of CdTe modules in the quarter, up 32 percent over Q1. First Solar plans to expand its manufacturing capacity to 1,100 MW this year.
The First Solar supply deal accounted for 78 percent of 5N's revenue in the fourth quarter, down from 80 percent in Q3. If the current trend continues, 5N could suffer unless it finds a more diverse client base, Tharp wrote. In June, the companies extended their supply agreement through July 2013.
5N also reported record net earnings of C$5.7 million, or C$0.13 per share, for the fiscal Q4, which ended May 31, and record sales of C$18.11 million. For the same period a year earlier, 5N reported C$2.7 million in earnings and $9.4 million in sales.
The company's new, $18 million production facility in Eisenhuttenstadt, Germany, is expected to help it meet the order backlog of $52 million, up 73 percent from a year earlier.
Dundee established a 12-month price target of C$8, partially due to 5N's $65 million in cash that could be used for acquisitions and to expand its product line, both of which could diversify clients. Its 'buy' rating was also noted as 'high risk.'
-------------
Zum einen wären diese 54% durchaus zu hinterfragen. Hier kann es sich möglicherweise auch um Lagereffekte bei FSLR handeln.
Zum anderen geht es nicht unbedint darum, ein Versorgungsmonopol gegenüber FSLR zu haben - das ist eh unmöglich.
Dennoch fürchte ich, dass wir alle hier viel zu wenig über die Themen Tellur / Minen / Förderung / Veredelung / Kosten / Preise / Bezugsquellen usw. wissen. Fakt ist auf jeden Fall aber ganz grundsätzlich, dass 5N den Rohstoff kaufen muss und das veredelte Produkt an einen sehr, sehr starken Kunden verkaufen muss, der bis jetzt sogar Monopolist ist. Sie sitzen also in der Mitte zwischen Minenbetreibern (wahrscheinlich ein Oligopol) und FSLR (Monopol). Komfortabel ist das nicht. Auf lange Sicht ist hier viel Vorsicht angezeigt.
Antwort auf Beitrag Nr.: 37.785.838 von SLGramann am 14.08.09 19:58:42das ist schon wahr das man vorsicht sein muss aber die jungs haben eben ein blitzsauberes B/S...$4-5 mil schulden und ueber $60 mil in cash...
die haben im cc auch ueber ava solar (bzw abound(oder war es andersrum)) geredet...die werden wohl auch noch im laufe des jahres produzieren...koennte sehr interessant werden...mfg CW
die haben im cc auch ueber ava solar (bzw abound(oder war es andersrum)) geredet...die werden wohl auch noch im laufe des jahres produzieren...koennte sehr interessant werden...mfg CW
5N Plus and Amerigon Establish Partnership to Develop and Manufacture Advanced Thermoelectric Materials
<<
More Efficient Materials Enable Use of Thermoelectric Technology
In Wide Variety of Industrial, Automotive Applications
>>
MONTREAL and NORTHVILLE, MI, Aug. 25 /CNW Telbec/ - 5N Plus Inc.
(TSX:VNP), a developer and producer of high-purity metals and compounds for
electronic applications and Amerigon Incorporated (NASDAQ: ARGN), a leader in
developing and marketing products based on advanced thermoelectric (TE)
technologies, today announced that they have established a partnership, to be
called "ZT Plus", to develop and manufacture advanced, more efficient
thermoelectric materials designed to enable the use of TE technology in a wide
variety of heating and cooling and power generation applications for
industrial, consumer, medical, electronics and automotive markets. Nicholas
Audet, Manager of Research and Development of 5N Plus, will lead the new
partnership in its initial stages.
This partnership between 5N Plus and Amerigon is intended to allow for
the completion of the development of these advanced materials and the creation
of innovative manufacturing capabilities to produce the materials in volume,
and in a cost-efficient manner. Amerigon's advanced technology subsidiary BSST
along with its university partners have performed extensive research into the
development of the next generation of TE materials. They have successfully
developed materials that significantly outperform the best presently available
TE materials.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "We
are a leader in specialty materials for the electronics industry and see a
unique opportunity to team-up with Amerigon, an industry leader in advanced
thermoelectric technologies. We believe this new relationship will allow us to
diversify and expand our business into additional high-growth markets with a
strong clean-technology focus, through, for example, waste heat recovery
applications. We are excited about these opportunities and as a result have
seconded Nicholas Audet, our Manager of Research and Development to the new
partnership to lead these activities in their early stages."
"Our partnership with 5N Plus combines the intellectual property and
expertise in thermoelectrics of Amerigon's BSST subsidiary, and its university
partners, with the experience in the purification, compounding and
manufacturing of thermoelectric materials of 5N Plus," said Lon E. Bell,
President of BSST. "The agreement grants BSST the right to purchase these new,
more efficient materials for early use in the automotive, power generation
from waste heat, and HVAC markets."
"This is an important milestone for Amerigon and allows us to continue
our global leadership in thermoelectric technology and to continue to bring
efficient, effective and practical thermoelectric solutions to market," said
Amerigon President and Chief Executive Officer Daniel R. Coker. "The
development of more efficient materials is the key to unlocking the vast
potential of our thermoelectric technology and to creating new products for a
broad variety of global markets."
Amerigon is the largest supplier of thermoelectric devices to the
automotive industry through the shipment of more than 4.6 million units of its
Climate Control Seat(R) (CCS(R)), the world's first thermoelectric-based
cooled and heated seat.
ZT Plus has been structured as a general partnership under the laws of
Delaware. The Joint Venture Partnership Agreement entered into between 5N Plus
and Amerigon's subsidiary BSST provides that 5N Plus will make an initial cash
contribution and BSST will assign certain contracts and intellectual property
to the partnership.
<<
About 5N Plus Inc.
------------------
>>
5N Plus draws its name from the purity of its products, 99.999% (five
nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec,
develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaic) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector and thermoelectric markets.
<<
About Amerigon
--------------
>>
Amerigon (NASDAQ: ARGN) develops products based on its advanced,
proprietary, efficient thermoelectric (TE) technologies for a wide range of
global markets and heating and cooling applications. The Company's current
principal product is its proprietary Climate Control Seat(R) (CCS(R)) system,
a solid-state, TE-based system that permits drivers and passengers of vehicles
to individually and actively control the heating and cooling of their
respective seats to ensure maximum year-round comfort. CCS, which is the only
system of its type on the market today, uses no CFCs or other environmentally
sensitive coolants. Amerigon maintains sales and technical support centers in
Southern California, Detroit, Japan, Germany, England and Korea.
<<
More Efficient Materials Enable Use of Thermoelectric Technology
In Wide Variety of Industrial, Automotive Applications
>>
MONTREAL and NORTHVILLE, MI, Aug. 25 /CNW Telbec/ - 5N Plus Inc.
(TSX:VNP), a developer and producer of high-purity metals and compounds for
electronic applications and Amerigon Incorporated (NASDAQ: ARGN), a leader in
developing and marketing products based on advanced thermoelectric (TE)
technologies, today announced that they have established a partnership, to be
called "ZT Plus", to develop and manufacture advanced, more efficient
thermoelectric materials designed to enable the use of TE technology in a wide
variety of heating and cooling and power generation applications for
industrial, consumer, medical, electronics and automotive markets. Nicholas
Audet, Manager of Research and Development of 5N Plus, will lead the new
partnership in its initial stages.
This partnership between 5N Plus and Amerigon is intended to allow for
the completion of the development of these advanced materials and the creation
of innovative manufacturing capabilities to produce the materials in volume,
and in a cost-efficient manner. Amerigon's advanced technology subsidiary BSST
along with its university partners have performed extensive research into the
development of the next generation of TE materials. They have successfully
developed materials that significantly outperform the best presently available
TE materials.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "We
are a leader in specialty materials for the electronics industry and see a
unique opportunity to team-up with Amerigon, an industry leader in advanced
thermoelectric technologies. We believe this new relationship will allow us to
diversify and expand our business into additional high-growth markets with a
strong clean-technology focus, through, for example, waste heat recovery
applications. We are excited about these opportunities and as a result have
seconded Nicholas Audet, our Manager of Research and Development to the new
partnership to lead these activities in their early stages."
"Our partnership with 5N Plus combines the intellectual property and
expertise in thermoelectrics of Amerigon's BSST subsidiary, and its university
partners, with the experience in the purification, compounding and
manufacturing of thermoelectric materials of 5N Plus," said Lon E. Bell,
President of BSST. "The agreement grants BSST the right to purchase these new,
more efficient materials for early use in the automotive, power generation
from waste heat, and HVAC markets."
"This is an important milestone for Amerigon and allows us to continue
our global leadership in thermoelectric technology and to continue to bring
efficient, effective and practical thermoelectric solutions to market," said
Amerigon President and Chief Executive Officer Daniel R. Coker. "The
development of more efficient materials is the key to unlocking the vast
potential of our thermoelectric technology and to creating new products for a
broad variety of global markets."
Amerigon is the largest supplier of thermoelectric devices to the
automotive industry through the shipment of more than 4.6 million units of its
Climate Control Seat(R) (CCS(R)), the world's first thermoelectric-based
cooled and heated seat.
ZT Plus has been structured as a general partnership under the laws of
Delaware. The Joint Venture Partnership Agreement entered into between 5N Plus
and Amerigon's subsidiary BSST provides that 5N Plus will make an initial cash
contribution and BSST will assign certain contracts and intellectual property
to the partnership.
<<
About 5N Plus Inc.
------------------
>>
5N Plus draws its name from the purity of its products, 99.999% (five
nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec,
develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaic) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector and thermoelectric markets.
<<
About Amerigon
--------------
>>
Amerigon (NASDAQ: ARGN) develops products based on its advanced,
proprietary, efficient thermoelectric (TE) technologies for a wide range of
global markets and heating and cooling applications. The Company's current
principal product is its proprietary Climate Control Seat(R) (CCS(R)) system,
a solid-state, TE-based system that permits drivers and passengers of vehicles
to individually and actively control the heating and cooling of their
respective seats to ensure maximum year-round comfort. CCS, which is the only
system of its type on the market today, uses no CFCs or other environmentally
sensitive coolants. Amerigon maintains sales and technical support centers in
Southern California, Detroit, Japan, Germany, England and Korea.
Antwort auf Beitrag Nr.: 37.844.923 von R-BgO am 25.08.09 12:27:58aus dem 10k von Amerigon:
During 2008, the market price for Tellurium, a key raw material necessary for the manufacture of the TEDs
used in our products, increased substantially. As a result, we renegotiated pricing with certain of our suppliers.
Our 2008 net income was ultimately reduced as a result of these renegotiations. Although the market price for
Tellurium has recently fallen from historically high levels, it is possible that the market price will rise again
requiring further renegotiations with our customers and suppliers. It is also possible that our customers will ask
for price concessions if the market price of Tellurium falls back to its historical average.
Sieht so aus, als ob es sich um einen 5N-Kunden handeln könnte....
During 2008, the market price for Tellurium, a key raw material necessary for the manufacture of the TEDs
used in our products, increased substantially. As a result, we renegotiated pricing with certain of our suppliers.
Our 2008 net income was ultimately reduced as a result of these renegotiations. Although the market price for
Tellurium has recently fallen from historically high levels, it is possible that the market price will rise again
requiring further renegotiations with our customers and suppliers. It is also possible that our customers will ask
for price concessions if the market price of Tellurium falls back to its historical average.
Sieht so aus, als ob es sich um einen 5N-Kunden handeln könnte....
hat nicht wirklich direkt mit 5N plus zu tun aber wer weissmfg CW
Thursday, September 24, 2009 at 2:58:53 PM - by Nate Lew
GE could become bigger player in solar power industry
General Electric reportedly plans to expand its solar business in the next couple of years with low-priced photovoltaic panels.
A report on CNET News quotes GE official Michael Idelchik as saying that by 2011, the company will be producing solar panels with cadmium telluride, which is said to be the same material used by First Solar.
The company also noted that GE currently produces its panels from silicon, which has generally been considered an industry standard for years.
According to First Solar's website, it currently has the lowest photovoltaic panel manufacturing cost per watt in the industry, with 87 cents per watt after breaking the $1 per watt barrier in 2008. The company also says its manufacturing capacity for the panels is more than one gigawatt.
With GE also set to enter the market with low-cost solar panels, consumers may turn out to be the winners in the long run - especially since photovoltaic prices have fallen as much as a third in recent months due to the recession and high inventory levels worldwide.
mfg CWThursday, September 24, 2009 at 2:58:53 PM - by Nate Lew
GE could become bigger player in solar power industry
General Electric reportedly plans to expand its solar business in the next couple of years with low-priced photovoltaic panels.
A report on CNET News quotes GE official Michael Idelchik as saying that by 2011, the company will be producing solar panels with cadmium telluride, which is said to be the same material used by First Solar.
The company also noted that GE currently produces its panels from silicon, which has generally been considered an industry standard for years.
According to First Solar's website, it currently has the lowest photovoltaic panel manufacturing cost per watt in the industry, with 87 cents per watt after breaking the $1 per watt barrier in 2008. The company also says its manufacturing capacity for the panels is more than one gigawatt.
With GE also set to enter the market with low-cost solar panels, consumers may turn out to be the winners in the long run - especially since photovoltaic prices have fallen as much as a third in recent months due to the recession and high inventory levels worldwide.
5N Plus Inc. Reports First Quarter Results
MONTREAL, Oct. 7 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) today reported
financial results for its first quarter ended August 31, 2009.
Sales for the first quarter were $16,053,220, representing an increase of
14.4% over sales of $14,029,875 for the first quarter of the previous fiscal
year.
EBITDA(1) decreased by 16.2% in the quarter to $5,049,538 down from
$6,022,824 during the corresponding period of the previous fiscal year.
For the quarter, net earnings reached $3,014,608 or $0.07 per share,
representing a 26.4% decrease over net earnings of $4,094,390 or $0.09 per
share, for the first quarter of the previous fiscal year.
The backlog of orders expected to translate into sales over the following
twelve months stood at a record level of $56,964,321 which represents a 6.2%
increase over its level of $53,646,727 one year earlier.
Jacques L'Ecuyer, President and Chief Executive officer said, "Results of
our first quarter ended August 31, 2009, reflect a continuing strong demand
for our solar grade products but also a weakening of our sales of all other
products as a result of a more challenging economic environment. The strong
demand for our solar grade products enabled us to increase our supply
commitments to our main customer in this market and extend the duration of
such commitments as we announced on June 24, 2009. The decrease in sales of
other products reduced our profitability which was also negatively impacted by
the significant acquisition related charges for uncompleted acquisition
projects."
L'Ecuyer continued, "We remain committed to growing our corporation
through acquisitions and joint ventures and will continue to aggressively
pursue such opportunities. Our recent announcement regarding ZT Plus, our
joint venture with BSST, a subsidiary of Amerigon Incorporated is a good
indication of this. This joint venture will develop and manufacture advanced,
more efficient thermoelectric materials designed to enable the use of advanced
thermoelectric technology in a wide variety of heating and cooling and power
generation applications for industrial, consumer, medical, electronics and
automotive markets The use of thermoelectric devices in these extremely
significant markets has so far been limited by material performance issues.
However, recent breakthroughs resulting from new material formulations and
designs, to which ZT Plus will have privileged access, should enable the
widespread use of these devices in such markets."
Mr. L'Ecuyer concluded, "Despite a somewhat challenging economic
environment, the 5N Plus balance sheet continued to strengthen during the
quarter enabling us to remain very well positioned to execute our growth plan
which calls for investments aimed at positioning our firm as the leading
electronic materials company through diversification of our product offering
and accretive acquisitions".
The interim unaudited consolidated financial statements of 5N Plus, as
well as the Management's Report of this first quarter ended August 31, 2009
are available on the 5N Plus website, at www.5nplus.com and on the SEDAR
website at www.sedar.com.
MONTREAL, Oct. 7 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) today reported
financial results for its first quarter ended August 31, 2009.
Sales for the first quarter were $16,053,220, representing an increase of
14.4% over sales of $14,029,875 for the first quarter of the previous fiscal
year.
EBITDA(1) decreased by 16.2% in the quarter to $5,049,538 down from
$6,022,824 during the corresponding period of the previous fiscal year.
For the quarter, net earnings reached $3,014,608 or $0.07 per share,
representing a 26.4% decrease over net earnings of $4,094,390 or $0.09 per
share, for the first quarter of the previous fiscal year.
The backlog of orders expected to translate into sales over the following
twelve months stood at a record level of $56,964,321 which represents a 6.2%
increase over its level of $53,646,727 one year earlier.
Jacques L'Ecuyer, President and Chief Executive officer said, "Results of
our first quarter ended August 31, 2009, reflect a continuing strong demand
for our solar grade products but also a weakening of our sales of all other
products as a result of a more challenging economic environment. The strong
demand for our solar grade products enabled us to increase our supply
commitments to our main customer in this market and extend the duration of
such commitments as we announced on June 24, 2009. The decrease in sales of
other products reduced our profitability which was also negatively impacted by
the significant acquisition related charges for uncompleted acquisition
projects."
L'Ecuyer continued, "We remain committed to growing our corporation
through acquisitions and joint ventures and will continue to aggressively
pursue such opportunities. Our recent announcement regarding ZT Plus, our
joint venture with BSST, a subsidiary of Amerigon Incorporated is a good
indication of this. This joint venture will develop and manufacture advanced,
more efficient thermoelectric materials designed to enable the use of advanced
thermoelectric technology in a wide variety of heating and cooling and power
generation applications for industrial, consumer, medical, electronics and
automotive markets The use of thermoelectric devices in these extremely
significant markets has so far been limited by material performance issues.
However, recent breakthroughs resulting from new material formulations and
designs, to which ZT Plus will have privileged access, should enable the
widespread use of these devices in such markets."
Mr. L'Ecuyer concluded, "Despite a somewhat challenging economic
environment, the 5N Plus balance sheet continued to strengthen during the
quarter enabling us to remain very well positioned to execute our growth plan
which calls for investments aimed at positioning our firm as the leading
electronic materials company through diversification of our product offering
and accretive acquisitions".
The interim unaudited consolidated financial statements of 5N Plus, as
well as the Management's Report of this first quarter ended August 31, 2009
are available on the 5N Plus website, at www.5nplus.com and on the SEDAR
website at www.sedar.com.
Antwort auf Beitrag Nr.: 38.144.499 von R-BgO am 08.10.09 23:37:085N Plus Inc. announces acquisition of Firebird Technologies Inc.
MONTREAL, Dec. 1 /CNW Telbec/ - 5N Plus Inc. ("5N") (TSX:VNP), a developer and producer of high-purity metals and compounds for electronic applications announced today that it has completed the acquisition of Firebird Technologies Inc. ("Firebird") a Canadian-controlled private company located in Trail, British Columbia.
Founded in 1991, Firebird is a leading manufacturer of compound semiconductor products and pure metals. Firebird's main products, which include indium antimonide wafers as well as antimony, indium and tin pure metals, are sold worldwide and used in a number of electronic and optical applications.
"This is a strategic acquisition for 5N that will enable us to broaden our product line into III-V metals including indium and address the semiconductor wafer business. Firebird brings significant expertise in crystal growth and the ability to further strengthen our position as the leading producer of high purity metals", said Jacques L'Ecuyer, President and Chief Executive Officer of 5N. "We are delighted by this acquisition and pleased to welcome all Firebird employees into our company".
Mr. L'Ecuyer added, "We plan on making additional investments in Trail, B.C., in the near future to expand Firebird's activities and leverage our strategic long term supply agreements for minor metals that we expect to enter into with Teck Metals Ltd. This includes indium and germanium feedstock in accordance with the memorandum of understanding with Teck Metals Ltd. which was signed and announced today".
"Becoming part of the 5N Plus group will provide us with greater technical, financial and marketing resources", said Don Freschi Firebird's Chief Executive Officer. "We are excited by the opportunity and look forward to working with the 5N Plus team".
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector and thermoelectric markets.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Forward-looking statements are based on the best estimate available to 5N Plus at the time and involve known and unknown risks, uncertainties or other factors that may cause 5N Plus' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
MONTREAL, Dec. 1 /CNW Telbec/ - 5N Plus Inc. ("5N") (TSX:VNP), a developer and producer of high-purity metals and compounds for electronic applications announced today that it has completed the acquisition of Firebird Technologies Inc. ("Firebird") a Canadian-controlled private company located in Trail, British Columbia.
Founded in 1991, Firebird is a leading manufacturer of compound semiconductor products and pure metals. Firebird's main products, which include indium antimonide wafers as well as antimony, indium and tin pure metals, are sold worldwide and used in a number of electronic and optical applications.
"This is a strategic acquisition for 5N that will enable us to broaden our product line into III-V metals including indium and address the semiconductor wafer business. Firebird brings significant expertise in crystal growth and the ability to further strengthen our position as the leading producer of high purity metals", said Jacques L'Ecuyer, President and Chief Executive Officer of 5N. "We are delighted by this acquisition and pleased to welcome all Firebird employees into our company".
Mr. L'Ecuyer added, "We plan on making additional investments in Trail, B.C., in the near future to expand Firebird's activities and leverage our strategic long term supply agreements for minor metals that we expect to enter into with Teck Metals Ltd. This includes indium and germanium feedstock in accordance with the memorandum of understanding with Teck Metals Ltd. which was signed and announced today".
"Becoming part of the 5N Plus group will provide us with greater technical, financial and marketing resources", said Don Freschi Firebird's Chief Executive Officer. "We are excited by the opportunity and look forward to working with the 5N Plus team".
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector and thermoelectric markets.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Forward-looking statements are based on the best estimate available to 5N Plus at the time and involve known and unknown risks, uncertainties or other factors that may cause 5N Plus' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Antwort auf Beitrag Nr.: 38.491.841 von dicki31785 am 02.12.09 09:17:15Habe mir noch ein paar mehr zugelegt; hatte die Nachricht gar nicht gesehen...
Antwort auf Beitrag Nr.: 38.512.656 von R-BgO am 04.12.09 19:05:24Firebird scheint ja gut ins produkt portfolio bei VNP zu passen....aber ist natuerlich schwer zu erroerten was das fuer einen effekt auf VNP haben wird wenn die fully consolidated sind....zudem weiss man auch nicht was bezahlt worden ist....werden wohl mehr ueber diese uebernahme bei naechsten CC erfahren....mfg CW
5N Plus Inc. will host a conference call to discuss its second quarter results of fiscal year 2010
(TSX: VNP)
MONTREAL, Jan. 6 /CNW Telbec/ - 5N Plus announced today that it will
report financial results for the second quarter on Tuesday, January 12, 2010.
5N Plus will host a conference call at 10:00 ET, on Wednesday, January
13, 2010. Interested parties may also access the conference call by webcast at
www.5nplus.com.
The telephone numbers to access the conference call are 1-888-231-8191
(North America) and 1-647-427-7450 (Toronto and International).
<<
OPEN TO: Analysts, investors and all interested parties
DATE: January 13, 2010
TIME: 10:00 Eastern Time
>>
(TSX: VNP)
MONTREAL, Jan. 6 /CNW Telbec/ - 5N Plus announced today that it will
report financial results for the second quarter on Tuesday, January 12, 2010.
5N Plus will host a conference call at 10:00 ET, on Wednesday, January
13, 2010. Interested parties may also access the conference call by webcast at
www.5nplus.com.
The telephone numbers to access the conference call are 1-888-231-8191
(North America) and 1-647-427-7450 (Toronto and International).
<<
OPEN TO: Analysts, investors and all interested parties
DATE: January 13, 2010
TIME: 10:00 Eastern Time
>>
Antwort auf Beitrag Nr.: 38.690.772 von R-BgO am 08.01.10 10:10:44bin mal gespannt was die jungs fuer zahlen berichten...schaetzungsweise sind die firebird zahlen noch nicht consolidated...aber hoffentlich kriegt man mal endlich ein bisschen "color" was die uebernahme nun wirklich fuer VNP bedeutet...des weiteren ob die geschaefte endlich wieder laufen (besonders in der "medical" sparte scheint dies ja nicht der fall gewesen zu sein)...naja ich bin auf jeden fall gespannt...mfg CW
Long RIMM, SSL, VNP.TO
Long RIMM, SSL, VNP.TO
http://finance.yahoo.com/news/5N-Plus-Inc-Reports-Second-cnw…
5N Plus Inc. Reports Second Quarter Results
cnwgroup
Press Release Source: 5N PLUS INC. On Tuesday January 12, 2010, 11:47 pm EST
MONTREAL, Jan. 12 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP - News) today announced financial results for the second quarter of fiscal 2010 ended November 30, 2009. Net earnings for the second quarter were of $3,217,748 ($0.07 per share), which represents a 45.2% decrease over net earnings of $5,875,610 ($0.13 per share) for the second quarter of the previous fiscal year. Sales for the second quarter were of $15,753,445 down by 13.1% over sales of $18,135,824 for the second quarter of the previous fiscal year. EBITDA decreased by 41.6% for the second quarter to $5,141,408 down from $8,798,520 during the second quarter of the previous fiscal year.
For the six-month period ended November 30, 2009, net earnings decreased by 37.5% to $6,232,356 ($0.14 per share) and sales by 1.1% to $31,806,665. This compares with net earnings of $9,970,000 ($0.22 per share) and sales of $32,165,699 for the same period of the previous fiscal year. EBITDA also decreased during the six-month period ended November 30, 2009 to $10,190,946 down by 31.2% from $14,821,344 for the corresponding period of the previous fiscal year.
As at November 30, 2009 our backlog of orders expected to translate into sales over the following twelve months stood at $53,268,296 which represents a 2.7% decrease over its level of $54,722,363 one year earlier.
Jacques L'Ecuyer, President and Chief Executive officer said, "Results of our second quarter continue to reflect a healthy demand for our solar grade products. We expect this trend to continue with new manufacturers entering the market and recent announcements of additional CdTe solar module manufacturing capacity. Our second quarter results were however also negatively impacted by the relatively strong showing of the Canadian dollar with respect to its US counterpart, which also reduced our backlog, and the fact that we began incurring significant research and development expenses related to ZT Plus, the partnership announced at the end of the first quarter with BSST/Amerigon. Markets for our other products continued to be challenging in the quarter but we expect this situation to correct itself and remain therefore optimistic for the future."
Mr. L'Ecuyer continued, "We continue to seek opportunities for expansion of our corporation through acquisitions and partnerships and announced after the end of the quarter that we had acquired Firebird Technologies Inc., a producer of pure metals and semiconductor products, as well as signed a memorandum of understanding with Teck Metals Ltd for the supply of strategic metals. This will form the basis of a new platform aimed at addressing the semiconductor wafer business as well as additional opportunities in the solar market including copper indium gallium selenide ("CIGS") and germanium. Combined with ZT Plus, we believe that this will provide us with significant additional growth opportunities."
Mr. L'Ecuyer concluded, "I would like to thank our employees for another solid quarter despite challenging economic conditions and welcome Firebird and ZT Plus employees to our team. 5N Plus is now more than ever positioned to become one of the leading electronic materials company and intends to continue executing its growth plan through diversification of product offering and accretive acquisitions."
The interim unaudited consolidated financial statements of 5N Plus, as well as the Management's Report of this second quarter ended November 30, 2009 are available on the 5N Plus website, at www.5nplus.com and on the SEDAR website at www.sedar.com.
Webcast Information
The Company will host a conference call at 10:00 Eastern Time on Wednesday, January 13, 2010 with financial analysts to discuss the second quarter results. All interested parties are invited to participate to the live broadcast on the Company's Web site at www.5nplus.com. A replay of the webcast will be available until January 29, 2010.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
Forward-Looking Statements and Disclaimer
Certain statements in this press release may be forward-looking. Forward-looking statements are based on the best estimates available to the Company at the time and involve known and unknown risks, uncertainties or other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event. The reader is warned against undue reliance on these forward-looking statements.
-----------
(1) EBITDA means earnings before financing costs, interest income, income
taxes, depreciation and amortization and is presented on a consistent
basis from period to period. We use EBITDA, because we believe it is
a meaningful measure of the operating performance of our ongoing
business without the effects of certain expenses. The definition of
this non-GAAP measure used by the Company may differ from that used
by other companies.
5N Plus Inc.
Interim Consolidated Statements of Earnings
(unaudited)
Three months ended Six months ended
November 30 November 30
-----------------------------------------------------------
(in Canadian 2009 2008 2009 2008
dollars) (Restated) (Restated)
-------------------------------------------------------------------------
Sales $ 15,753,445 $ 18,135,824 $ 31,806,665 $ 32,165,699
Cost of sales
8,393,988 8,905,646 16,828,854 15,303,697
-------------------------------------------------------------------------
Gross profit 7,359,457 9,230,178 14,977,811 16,862,002
Expenses
Selling and
administra-
tive 1,478,763 1,075,795 3,772,633 2,263,062
Research and
development 768,234 259,415 1,144,106 484,627
Depreciation
of property,
plant and
equipment
629,635 576,682 1,257,417 950,034
Amortization
of intangi-
ble asset 65,400 - 99,752 -
Foreign
exchange
gain
(28,948) (976,526) (129,874) (1,362,701)
Financial
56,677 118,006 96,233 202,894
Interest
income (129,859) (359,934) (269,851) (769,111)
-------------------------------------------------------------------------
2,839,902 693,438 5,970,416 1,768,805
-------------------------------------------------------------------------
Earnings
before
undernoted
items 4,519,555 8,536,740 9,007,395 15,093,197
Start-up
costs, new
plant - 72,974 - 655,670
-------------------------------------------------------------------------
Earnings
before income
taxes 4,519,555 8,463,766 9,007,395 14,437,527
Income taxes 1,301,807 2,588,156 2,775,039 4,467,527
-------------------------------------------------------------------------
Net earnings $ 3,217,748 $ 5,875,610 $ 6,232,356 $ 9,970,000
-----------------------------------------------------------
-----------------------------------------------------------
Earnings per
share
Basic $ 0.07 $ 0.13 $ 0.14 $ 0.22
Diluted $ 0.07 $ 0.13 $ 0.14 $ 0.22
-------------------------------------------------------------------------
Weighted
average
number of
common shares
Basic 45,554,974 45,500,000 45,537,505 45,500,000
Diluted 45,942,683 45,721,205 45,948,651 45,926,010
-------------------------------------------------------------------------
5N Plus Inc.
Interim Consolidated Balance Sheets
(in Canadian As at As at
dollars) November 30, 2009 May 31, 2009
(unaudited) (audited)
-------------------------------------------------------------------------
Assets
Current assets
Cash and cash equivalents $ 69,488,576 $ 65,066,530
Accounts receivable 4,277,375 6,702,197
Inventories 30,383,563 27,054,960
Prepaid expenses and deposits 303,367 516,391
Income taxes receivable 1,548,433 -
Future income taxes 284,376 249,958
Foreign currency forward contracts 195,024 1,685,076
-------------------------------------------------------------------------
106,480,714 101,275,112
Property, plant and equipment 27,448,816 25,823,473
Intangible assets 3,237,015 354,950
Future income taxes 1,077,395 662,639
Other assets 130,219 52,682
-------------------------------------------------------------------------
$ 138,374,159 $ 128,168,856
-----------------------------
-----------------------------
Liabilities and Shareholders' Equity
Current liabilities
Accounts payable and accrued liabilities $ 12,025,276 $ 6,791,675
Income taxes payable - 3,021,632
Current portion of long-term debt 500,000 549,922
Current portion of other long-term
liabilities 24,961 41,725
Future income taxes 48,071 311,897
-------------------------------------------------------------------------
12,598,308 10,716,851
Long-term debt 3,747,903 3,997,923
Deferred revenue 567,771 641,618
Future income taxes 1,714,764 443,700
-------------------------------------------------------------------------
18,628,746 15,800,092
-----------------------------
Shareholders' Equity
Share capital 82,319,580 81,881,914
Contributed surplus 977,498 797,800
Accumulated other comprehensive income 415,881 (111,048)
Retained earnings 36,032,454 29,800,098
-------------------------------------------------------------------------
119,745,413 112,368,764
-------------------------------------------------------------------------
$ 138,374,159 $ 128,168,856
-----------------------------
-----------------------------
Reconciliation of EBITDA
Three months ended November 30
-------------------------------------------------------------------------
2009 2008 (Decrease)
-------------------------------------------------------------------------
Net earnings $ 3,217,748 $ 5,875,610 (45.2%)
Add (deduct):
Income taxes 1,301,807 2,588,156
Financial expenses &
Interest income (73,182) (241,928)
Depreciation and amortization 695,035 576,682
-------------------------------------------------------------------------
EBITDA $ 5,141,408 $ 8,798,520 (41.6%)
--------------------------------------------
--------------------------------------------
Six months ended November 30
-------------------------------------------------------------------------
2009 2008 (Decrease)
-------------------------------------------------------------------------
Net earnings $ 6,232,356 $ 9,970,000 (37.5%)
Add (deduct):
Income taxes 2,775,039 4,467,527
Financial expenses &
Interest income (173,618) (566,217)
Depreciation and amortization 1,357,169 950,034
-------------------------------------------------------------------------
EBITDA $ 10,190,946 $ 14,821,344 (31.2%)
--------------------------------------------
--------------------------------------------
Cash Flows
Three months ended Six months ended
November 30 November 30
-------------------------------------------------------------------------
2009 2008 2009 2008
-------------------------------------------------------------------------
Operating
activities $ 6,371,220 $ 9,722,092 $ 7,717,817 $ 5,887,023
Financing
activities 94,333 1,730,328 (30,655) 1,087,042
Investing
activities (2,123,281) (1,118,973) (3,316,439) (6,037,341)
Effect of
changes in
foreign
currency
exchange 18,939 14,768 51,323 14,768
-------------------------------------------------------------------------
Increase in
cash and cash
equivalents $ 4,361,211 $ 10,348,215 $ 4,422,046 $ 951,49
5N Plus Inc. Reports Second Quarter Results
cnwgroup
Press Release Source: 5N PLUS INC. On Tuesday January 12, 2010, 11:47 pm EST
MONTREAL, Jan. 12 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP - News) today announced financial results for the second quarter of fiscal 2010 ended November 30, 2009. Net earnings for the second quarter were of $3,217,748 ($0.07 per share), which represents a 45.2% decrease over net earnings of $5,875,610 ($0.13 per share) for the second quarter of the previous fiscal year. Sales for the second quarter were of $15,753,445 down by 13.1% over sales of $18,135,824 for the second quarter of the previous fiscal year. EBITDA decreased by 41.6% for the second quarter to $5,141,408 down from $8,798,520 during the second quarter of the previous fiscal year.
For the six-month period ended November 30, 2009, net earnings decreased by 37.5% to $6,232,356 ($0.14 per share) and sales by 1.1% to $31,806,665. This compares with net earnings of $9,970,000 ($0.22 per share) and sales of $32,165,699 for the same period of the previous fiscal year. EBITDA also decreased during the six-month period ended November 30, 2009 to $10,190,946 down by 31.2% from $14,821,344 for the corresponding period of the previous fiscal year.
As at November 30, 2009 our backlog of orders expected to translate into sales over the following twelve months stood at $53,268,296 which represents a 2.7% decrease over its level of $54,722,363 one year earlier.
Jacques L'Ecuyer, President and Chief Executive officer said, "Results of our second quarter continue to reflect a healthy demand for our solar grade products. We expect this trend to continue with new manufacturers entering the market and recent announcements of additional CdTe solar module manufacturing capacity. Our second quarter results were however also negatively impacted by the relatively strong showing of the Canadian dollar with respect to its US counterpart, which also reduced our backlog, and the fact that we began incurring significant research and development expenses related to ZT Plus, the partnership announced at the end of the first quarter with BSST/Amerigon. Markets for our other products continued to be challenging in the quarter but we expect this situation to correct itself and remain therefore optimistic for the future."
Mr. L'Ecuyer continued, "We continue to seek opportunities for expansion of our corporation through acquisitions and partnerships and announced after the end of the quarter that we had acquired Firebird Technologies Inc., a producer of pure metals and semiconductor products, as well as signed a memorandum of understanding with Teck Metals Ltd for the supply of strategic metals. This will form the basis of a new platform aimed at addressing the semiconductor wafer business as well as additional opportunities in the solar market including copper indium gallium selenide ("CIGS") and germanium. Combined with ZT Plus, we believe that this will provide us with significant additional growth opportunities."
Mr. L'Ecuyer concluded, "I would like to thank our employees for another solid quarter despite challenging economic conditions and welcome Firebird and ZT Plus employees to our team. 5N Plus is now more than ever positioned to become one of the leading electronic materials company and intends to continue executing its growth plan through diversification of product offering and accretive acquisitions."
The interim unaudited consolidated financial statements of 5N Plus, as well as the Management's Report of this second quarter ended November 30, 2009 are available on the 5N Plus website, at www.5nplus.com and on the SEDAR website at www.sedar.com.
Webcast Information
The Company will host a conference call at 10:00 Eastern Time on Wednesday, January 13, 2010 with financial analysts to discuss the second quarter results. All interested parties are invited to participate to the live broadcast on the Company's Web site at www.5nplus.com. A replay of the webcast will be available until January 29, 2010.
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as cadmium telluride and cadmium sulphide. The Company's products are critical precursors in a number of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
Forward-Looking Statements and Disclaimer
Certain statements in this press release may be forward-looking. Forward-looking statements are based on the best estimates available to the Company at the time and involve known and unknown risks, uncertainties or other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event. The reader is warned against undue reliance on these forward-looking statements.
-----------
(1) EBITDA means earnings before financing costs, interest income, income
taxes, depreciation and amortization and is presented on a consistent
basis from period to period. We use EBITDA, because we believe it is
a meaningful measure of the operating performance of our ongoing
business without the effects of certain expenses. The definition of
this non-GAAP measure used by the Company may differ from that used
by other companies.
5N Plus Inc.
Interim Consolidated Statements of Earnings
(unaudited)
Three months ended Six months ended
November 30 November 30
-----------------------------------------------------------
(in Canadian 2009 2008 2009 2008
dollars) (Restated) (Restated)
-------------------------------------------------------------------------
Sales $ 15,753,445 $ 18,135,824 $ 31,806,665 $ 32,165,699
Cost of sales
8,393,988 8,905,646 16,828,854 15,303,697
-------------------------------------------------------------------------
Gross profit 7,359,457 9,230,178 14,977,811 16,862,002
Expenses
Selling and
administra-
tive 1,478,763 1,075,795 3,772,633 2,263,062
Research and
development 768,234 259,415 1,144,106 484,627
Depreciation
of property,
plant and
equipment
629,635 576,682 1,257,417 950,034
Amortization
of intangi-
ble asset 65,400 - 99,752 -
Foreign
exchange
gain
(28,948) (976,526) (129,874) (1,362,701)
Financial
56,677 118,006 96,233 202,894
Interest
income (129,859) (359,934) (269,851) (769,111)
-------------------------------------------------------------------------
2,839,902 693,438 5,970,416 1,768,805
-------------------------------------------------------------------------
Earnings
before
undernoted
items 4,519,555 8,536,740 9,007,395 15,093,197
Start-up
costs, new
plant - 72,974 - 655,670
-------------------------------------------------------------------------
Earnings
before income
taxes 4,519,555 8,463,766 9,007,395 14,437,527
Income taxes 1,301,807 2,588,156 2,775,039 4,467,527
-------------------------------------------------------------------------
Net earnings $ 3,217,748 $ 5,875,610 $ 6,232,356 $ 9,970,000
-----------------------------------------------------------
-----------------------------------------------------------
Earnings per
share
Basic $ 0.07 $ 0.13 $ 0.14 $ 0.22
Diluted $ 0.07 $ 0.13 $ 0.14 $ 0.22
-------------------------------------------------------------------------
Weighted
average
number of
common shares
Basic 45,554,974 45,500,000 45,537,505 45,500,000
Diluted 45,942,683 45,721,205 45,948,651 45,926,010
-------------------------------------------------------------------------
5N Plus Inc.
Interim Consolidated Balance Sheets
(in Canadian As at As at
dollars) November 30, 2009 May 31, 2009
(unaudited) (audited)
-------------------------------------------------------------------------
Assets
Current assets
Cash and cash equivalents $ 69,488,576 $ 65,066,530
Accounts receivable 4,277,375 6,702,197
Inventories 30,383,563 27,054,960
Prepaid expenses and deposits 303,367 516,391
Income taxes receivable 1,548,433 -
Future income taxes 284,376 249,958
Foreign currency forward contracts 195,024 1,685,076
-------------------------------------------------------------------------
106,480,714 101,275,112
Property, plant and equipment 27,448,816 25,823,473
Intangible assets 3,237,015 354,950
Future income taxes 1,077,395 662,639
Other assets 130,219 52,682
-------------------------------------------------------------------------
$ 138,374,159 $ 128,168,856
-----------------------------
-----------------------------
Liabilities and Shareholders' Equity
Current liabilities
Accounts payable and accrued liabilities $ 12,025,276 $ 6,791,675
Income taxes payable - 3,021,632
Current portion of long-term debt 500,000 549,922
Current portion of other long-term
liabilities 24,961 41,725
Future income taxes 48,071 311,897
-------------------------------------------------------------------------
12,598,308 10,716,851
Long-term debt 3,747,903 3,997,923
Deferred revenue 567,771 641,618
Future income taxes 1,714,764 443,700
-------------------------------------------------------------------------
18,628,746 15,800,092
-----------------------------
Shareholders' Equity
Share capital 82,319,580 81,881,914
Contributed surplus 977,498 797,800
Accumulated other comprehensive income 415,881 (111,048)
Retained earnings 36,032,454 29,800,098
-------------------------------------------------------------------------
119,745,413 112,368,764
-------------------------------------------------------------------------
$ 138,374,159 $ 128,168,856
-----------------------------
-----------------------------
Reconciliation of EBITDA
Three months ended November 30
-------------------------------------------------------------------------
2009 2008 (Decrease)
-------------------------------------------------------------------------
Net earnings $ 3,217,748 $ 5,875,610 (45.2%)
Add (deduct):
Income taxes 1,301,807 2,588,156
Financial expenses &
Interest income (73,182) (241,928)
Depreciation and amortization 695,035 576,682
-------------------------------------------------------------------------
EBITDA $ 5,141,408 $ 8,798,520 (41.6%)
--------------------------------------------
--------------------------------------------
Six months ended November 30
-------------------------------------------------------------------------
2009 2008 (Decrease)
-------------------------------------------------------------------------
Net earnings $ 6,232,356 $ 9,970,000 (37.5%)
Add (deduct):
Income taxes 2,775,039 4,467,527
Financial expenses &
Interest income (173,618) (566,217)
Depreciation and amortization 1,357,169 950,034
-------------------------------------------------------------------------
EBITDA $ 10,190,946 $ 14,821,344 (31.2%)
--------------------------------------------
--------------------------------------------
Cash Flows
Three months ended Six months ended
November 30 November 30
-------------------------------------------------------------------------
2009 2008 2009 2008
-------------------------------------------------------------------------
Operating
activities $ 6,371,220 $ 9,722,092 $ 7,717,817 $ 5,887,023
Financing
activities 94,333 1,730,328 (30,655) 1,087,042
Investing
activities (2,123,281) (1,118,973) (3,316,439) (6,037,341)
Effect of
changes in
foreign
currency
exchange 18,939 14,768 51,323 14,768
-------------------------------------------------------------------------
Increase in
cash and cash
equivalents $ 4,361,211 $ 10,348,215 $ 4,422,046 $ 951,49
sehr enttaeuschend das ganze....vielleicht ist ja was positives im CC dabei....mfg CW
Habe nicht genug Zeit, für wirklich gründliches Mitdenken gehabt, aber das Gefühl, daß die Jungs was ganz Neues aufziehen, das natürlich schiefgehen kann, aber vielleicht auch nicht.
Die Stichworte heißen Firebird und ZT Plus und beide sollen potentiell größer als das PV-business werden können...
Ruhe bewahren und im Auge behalten.
Habe mir 5n ausgesucht, weil ich 30 Jahre drinbleiben will...
Die Stichworte heißen Firebird und ZT Plus und beide sollen potentiell größer als das PV-business werden können...
Ruhe bewahren und im Auge behalten.
Habe mir 5n ausgesucht, weil ich 30 Jahre drinbleiben will...
http://www.cnxmarketlink.com/en/releases/archive/January2010…
5N PLUS INC.
Attention Business/Financial Editors
5N Plus and Abound Solar Sign Photovoltaic Module Recycling Agreement and Memorandum of Understanding for Raw Material Supply
MONTREAL and LOVELAND, CO, Jan. 25 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP),
a developer and producer of high-purity metals and compounds for electronic applications and Abound Solar, Inc (formerly AVA Solar), a manufacturer of
low-cost, thin-film photovoltaic (PV) solar modules, announced today that they
have entered into a PV module recycling agreement and signed a memorandum of
understanding for the supply of 5N Plus products. Under the terms of the
recycling agreement, 5N Plus will provide recycling services for solar modules
and manufacturing scrap produced by Abound Solar. The output of the 5N Plus
recycling process will be recyclable glass and raw chemicals, ready to be
processed into new finished products. Abound Solar has also signed a
memorandum of understanding (MOU) for the supply of semiconductor compounds
from 5N Plus, to be used to manufacture the company's next-generation
thin-film solar modules. The MOU is expected to lead to a long-term supply
agreement for products from 5N Plus to Abound Solar.
5N Plus President and Chief Executive Officer Jacques L'Icuyer stated,
"This recycling agreement with Abound Solar is in line with our strategy aimed
at providing value to our customers as they develop product stewardship
schemes and aim to optimize product life cycles. We intend to continue to
invest in our new facility in Wisconsin to recycle Abound's solar modules and
expand our capabilities in this area. Our relationship with Abound is further
strengthened by our memorandum of understanding and we are excited about the
prospects of further developing our cadmium telluride and cadmium sulphide
business."
"Abound Solar modules are produced using the most
environmentally-friendly production process in the industry. This extension of
our relationship with 5N Plus will ensure that at end-of-life, our modules
will be recycled in the most sustainable manner and secure a long-term supply
for our raw materials," said Abound Solar President and CEO, Tom Tiller. "5N
Plus is a leading producer of semiconductor materials; their expertise will
maximize recycling yields and create a true cradle-to-cradle solution for the
materials used in our product."
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five
nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec,
develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaic) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector market. Additional information about 5N
Plus is available on its Web site at www.5nplus.com.
About Abound Solar
Abound Solar, formerly AVA Solar, was founded in 2007 to commercialize a
proprietary process for manufacturing thin-film photovoltaic modules. Built
upon 15 years of development at Colorado State University and with support
from the National Renewable Energy Laboratory, Abound Solar has developed a
robust, commercial-scale, continuous process for producing solar modules that
significantly reduces the cost of generating solar electricity. The company
produces solar modules at its manufacturing facility in Longmont, Colorado.
For additional information, visit www.abound.com.
5N PLUS INC.
Attention Business/Financial Editors
5N Plus and Abound Solar Sign Photovoltaic Module Recycling Agreement and Memorandum of Understanding for Raw Material Supply
MONTREAL and LOVELAND, CO, Jan. 25 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP),
a developer and producer of high-purity metals and compounds for electronic applications and Abound Solar, Inc (formerly AVA Solar), a manufacturer of
low-cost, thin-film photovoltaic (PV) solar modules, announced today that they
have entered into a PV module recycling agreement and signed a memorandum of
understanding for the supply of 5N Plus products. Under the terms of the
recycling agreement, 5N Plus will provide recycling services for solar modules
and manufacturing scrap produced by Abound Solar. The output of the 5N Plus
recycling process will be recyclable glass and raw chemicals, ready to be
processed into new finished products. Abound Solar has also signed a
memorandum of understanding (MOU) for the supply of semiconductor compounds
from 5N Plus, to be used to manufacture the company's next-generation
thin-film solar modules. The MOU is expected to lead to a long-term supply
agreement for products from 5N Plus to Abound Solar.
5N Plus President and Chief Executive Officer Jacques L'Icuyer stated,
"This recycling agreement with Abound Solar is in line with our strategy aimed
at providing value to our customers as they develop product stewardship
schemes and aim to optimize product life cycles. We intend to continue to
invest in our new facility in Wisconsin to recycle Abound's solar modules and
expand our capabilities in this area. Our relationship with Abound is further
strengthened by our memorandum of understanding and we are excited about the
prospects of further developing our cadmium telluride and cadmium sulphide
business."
"Abound Solar modules are produced using the most
environmentally-friendly production process in the industry. This extension of
our relationship with 5N Plus will ensure that at end-of-life, our modules
will be recycled in the most sustainable manner and secure a long-term supply
for our raw materials," said Abound Solar President and CEO, Tom Tiller. "5N
Plus is a leading producer of semiconductor materials; their expertise will
maximize recycling yields and create a true cradle-to-cradle solution for the
materials used in our product."
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five
nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec,
develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaic) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector market. Additional information about 5N
Plus is available on its Web site at www.5nplus.com.
About Abound Solar
Abound Solar, formerly AVA Solar, was founded in 2007 to commercialize a
proprietary process for manufacturing thin-film photovoltaic modules. Built
upon 15 years of development at Colorado State University and with support
from the National Renewable Energy Laboratory, Abound Solar has developed a
robust, commercial-scale, continuous process for producing solar modules that
significantly reduces the cost of generating solar electricity. The company
produces solar modules at its manufacturing facility in Longmont, Colorado.
For additional information, visit www.abound.com.
5N Plus Inc. and Teck Metals Ltd. enter into long-term supply agreements for germanium and indium feedstock
MONTREAL, March 9 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP), a leading
producer and provider of high-purity metals and compounds for electronic
applications, is pleased to announce that its wholly-owned subsidiary Firebird
Technologies Inc. ("Firebird") has entered into long-term supply agreements
for germanium and indium feedstocks with Teck Metals Ltd. ("Teck"), a
wholly-owned subsidiary of Teck Resources Ltd. (TSX: TCK.A and TCK.B, NYSE:
TCK), a world-leading producer of base metals and minor metals.
Under the terms of these agreements, Teck will provide a long term stable
supply to Firebird of germanium and indium feedstocks which are to be further
processed by Firebird into value-added products.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "We
are pleased to report that these important agreements have been signed, which
follows the memorandum of understanding with Teck that we announced in
December 2009. Supply of these critical feedstocks will provide our subsidiary
Firebird with the required precursors for its value-added products, which are
to include semiconductor wafers, semi-finished optics and high-purity metals
and compounds. Teck is one of the most important producers of indium and
germanium worldwide and we expect the stability of Firebird's supply chain to
be viewed as a differentiating asset by our customers."
MONTREAL, March 9 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP), a leading
producer and provider of high-purity metals and compounds for electronic
applications, is pleased to announce that its wholly-owned subsidiary Firebird
Technologies Inc. ("Firebird") has entered into long-term supply agreements
for germanium and indium feedstocks with Teck Metals Ltd. ("Teck"), a
wholly-owned subsidiary of Teck Resources Ltd. (TSX: TCK.A and TCK.B, NYSE:
TCK), a world-leading producer of base metals and minor metals.
Under the terms of these agreements, Teck will provide a long term stable
supply to Firebird of germanium and indium feedstocks which are to be further
processed by Firebird into value-added products.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "We
are pleased to report that these important agreements have been signed, which
follows the memorandum of understanding with Teck that we announced in
December 2009. Supply of these critical feedstocks will provide our subsidiary
Firebird with the required precursors for its value-added products, which are
to include semiconductor wafers, semi-finished optics and high-purity metals
and compounds. Teck is one of the most important producers of indium and
germanium worldwide and we expect the stability of Firebird's supply chain to
be viewed as a differentiating asset by our customers."
18.03.2010 14:24
UPDATE 1-5N Plus inks supply deal with Q-Cells' unit
* Says to supply cadmium telluride and cadmium sulphide
* Says deal also includes recycling services
March 18 (Reuters) - Canadian metals producer 5N Plus Inc said it signed a long-term deal with Q-Cells' unit Calyxo GmbH to supply cadmium telluride and cadmium sulphide.
5N Plus is one of the world's biggest producers of cadmium telluride that is used to make solar modules, while Germany's Q-Cells is the world's fourth-biggest maker of solar cells.
The deal also includes long-term photovoltaic module and production scrap recycling services, 5N Plus said.
Shares of Montreal, Quebec-based 5N Plus closed at C$5.25 Wednesday on the Toronto Stock Exchange.
UPDATE 1-5N Plus inks supply deal with Q-Cells' unit
* Says to supply cadmium telluride and cadmium sulphide
* Says deal also includes recycling services
March 18 (Reuters) - Canadian metals producer 5N Plus Inc said it signed a long-term deal with Q-Cells' unit Calyxo GmbH to supply cadmium telluride and cadmium sulphide.
5N Plus is one of the world's biggest producers of cadmium telluride that is used to make solar modules, while Germany's Q-Cells is the world's fourth-biggest maker of solar cells.
The deal also includes long-term photovoltaic module and production scrap recycling services, 5N Plus said.
Shares of Montreal, Quebec-based 5N Plus closed at C$5.25 Wednesday on the Toronto Stock Exchange.
26.03.2010 17:28
Amerigon Buys Out Partner in Thermoelectric Materials Venture / Research, Development of More Efficient Materials to Enable Use of Thermoelectric Technology in Wide Variety of Industrial, Automotive Applications
NORTHVILLE, Mich., March 26 /PRNewswire-FirstCall/ -- Amerigon Incorporated , a leader in developing and marketing products based on advanced thermoelectric (TE) technologies, announced today that its research and development subsidiary, BSST LLC, had reached agreement with 5N Plus Inc. to purchase 5N Plus' interest in ZT Plus. Financial terms of the acquisition are not being disclosed.
Amerigon Chairman Oscar B. (Bud) Marx noted that the goal of ZT Plus to develop and manufacture thermoelectric materials that would enable Amerigon to use its TE technology in a wide variety of heating and cooling and power generation applications for industrial, commercial, medical, electronics and automotive markets, remains unchanged.
"The commercial progress was slower to develop than anticipated," Marx said. "There were differences over the ZT Plus future business strategy between the two partners that could not be reconciled. Accordingly, it was mutually agreed that Amerigon would purchase 5N Plus' interest in the venture. As a result, ZT Plus is now completely owned and operated by Amerigon."
Amerigon, the developer and manufacturer of the Climate Control Seat® (CCS®) system, is the largest supplier of thermoelectric devices to the global automotive industry.
Amerigon Buys Out Partner in Thermoelectric Materials Venture / Research, Development of More Efficient Materials to Enable Use of Thermoelectric Technology in Wide Variety of Industrial, Automotive Applications
NORTHVILLE, Mich., March 26 /PRNewswire-FirstCall/ -- Amerigon Incorporated , a leader in developing and marketing products based on advanced thermoelectric (TE) technologies, announced today that its research and development subsidiary, BSST LLC, had reached agreement with 5N Plus Inc. to purchase 5N Plus' interest in ZT Plus. Financial terms of the acquisition are not being disclosed.
Amerigon Chairman Oscar B. (Bud) Marx noted that the goal of ZT Plus to develop and manufacture thermoelectric materials that would enable Amerigon to use its TE technology in a wide variety of heating and cooling and power generation applications for industrial, commercial, medical, electronics and automotive markets, remains unchanged.
"The commercial progress was slower to develop than anticipated," Marx said. "There were differences over the ZT Plus future business strategy between the two partners that could not be reconciled. Accordingly, it was mutually agreed that Amerigon would purchase 5N Plus' interest in the venture. As a result, ZT Plus is now completely owned and operated by Amerigon."
Amerigon, the developer and manufacturer of the Climate Control Seat® (CCS®) system, is the largest supplier of thermoelectric devices to the global automotive industry.
Antwort auf Beitrag Nr.: 39.231.324 von R-BgO am 28.03.10 13:22:17man wird sehn ob das ein guter schritt war! für mich klang die zusammenarbeit mit amerigon vielversprechend, aber bitte!
mich würde auch interessieren ob 5n auch noch andere Industriesegmente bedient, um auch ohne die Solarzulieferer-sparte (an FSLR) überleben zu können.
Antwort auf Beitrag Nr.: 39.233.290 von zechn16 am 28.03.10 23:06:18medizin....bauen geraete basiert auf CdTe...aber VNP bedient inzwischen auch mehrere firmen ausser FSLR siehe oben Qcells, Abound etc....mfg CW
Antwort auf Beitrag Nr.: 39.233.399 von dicki31785 am 29.03.10 00:06:40ich bin im solarbereich eher von der siliziumverwendung überzeugt, und glaube auch, daß über kurz oder lang die zukunft dort entschieden wird. darum bin ich skeptisch bezüglich der CdTe-Technologien. darum wollte ich eben wissen ob 5n auch ohne dieses marktsegment gewinnbringend sein kann. Von firebird weiß ich wenig, ist aber ähnlich wie 5n, ZT Plus klang interessant ist aber schon wieder geschichte. wenn siehst du als direkte konkurrenten zu 5n?
Antwort auf Beitrag Nr.: 39.233.647 von zechn16 am 29.03.10 07:43:50keine meinung dazu?
Antwort auf Beitrag Nr.: 39.271.698 von zechn16 am 03.04.10 20:03:57direkte konkurrenten....glaube ich gibt es keinen?! Also zumindest faellt mir keine aktie ein...die cadmium herstellt...zum silizium bereich vs. CdTe da ist die entscheidung noch laengst nicht gefallen...wer zuerst grid parity erreicht hat...der hat nunmal einen riesen vorteil...bis dahin kommt es nur drauf an guenstig produzieren zu koennen und ne gute marge einzufahren...und das schafft fslr - bis jetzt - besser als alle anderen (was wohl aber bald der vergangenheit angehoert wenn poly preise weiter so rapide fallen)...mfg CW
Antwort auf Beitrag Nr.: 39.275.632 von dicki31785 am 05.04.10 18:56:18morgen kommen die zahlen!
Antwort auf Beitrag Nr.: 39.275.745 von zechn16 am 05.04.10 19:18:085N Plus Inc. Reports Third Quarter Results and Record Sales
MONTREAL, April 6 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) today announced
financial results for the third quarter of fiscal 2010 ended February 28,
2010. Sales reached a record level of $19,227,127 up by 0.4% over sales of
$19,150,195 for the third quarter of the previous fiscal year. Net earnings
were of $4,075,513 ($0.09 per share), which represents a 21.5% decrease over
net earnings of $5,189,673 ($0.11 per share) for the third quarter of the
previous fiscal year. EBITDA(1) decreased by 22.0% to $6,253,513 down from
$8,012,408 during the third quarter of the previous fiscal year.
For the nine-month period ended February 28, 2010, sales decreased by
0.5% to $51,033,792 and net earnings by 32.0% to $10,307,869 ($0.23 per
share). This compares with sales of $51,315,894 and net earnings of
$15,159,673 ($0.33 per share) for the same period of the previous fiscal year.
EBITDA also decreased during the nine-month period ended February 28, 2010 to
$16,444,458 down by 28.0% from $22,833,752 for the corresponding period of the
previous fiscal year.
As at February 28, 2010 the backlog of orders expected to translate into
sales over the following twelve months stood at $53,791,253 which represents a
3.4% increase over its level of $52,024,064 one year earlier.
On December 1, 2009, 5N Plus announced the acquisition of Firebird
Technologies Inc., a leading manufacturer of compound semiconductor products
and pure metals and also announced that its had signed a memorandum of
understanding for the long-term supply of strategic metals including indium,
cadmium and germanium with Teck Metals Ltd.
On January 25, 2010, 5N Plus and Abound Solar announced that they had
signed a photovoltaic module recycling agreement and a memorandum of
understanding for the supply of semiconductor compounds.
Jacques L'Ecuyer, President and Chief Executive Officer said, "We are
pleased to report the results of our third quarter which was characterized by
record sales and an improved profitability with respect to the previous two
quarters. This is despite a continuing strengthening of the Canadian dollar
with respect to its European and American counterparts which had a negative
impact on sales of approximately $3 million. Demand for our solar grade
products continued to be strong but it is the increase in sales of our
non-solar products which was largely responsible for the record quarter. These
non-solar products include for the first time those produced by our subsidiary
Firebird Technologies, the performance of which positively impacted both our
sales and earnings in the quarter."
Mr. L'Ecuyer continued, "We made several announcements in the quarter
primarily centered on our compound semiconductor wafer business and our
recycling activities. Concurrently with the purchase of Firebird Technologies
we announced the signature of a memorandum of understanding which Teck Metals
Ltd, which was later converted into binding agreements ensuring that our
subsidiary is provided with a reliable supply of critical feedstock including
indium and germanium. We also made great strides in the quarter to further
establish our recycling business and announced an agreement with Abound Solar
for the recycling of solar modules and manufacturing scrap. A similar
announcement was made shortly after the quarter ended with Calyxo another
manufacturer of solar modules. Both agreements together with our joint
development efforts carried out with First Solar are aimed at providing our
customers and more generally the solar industry with environmentally
sustainable recycling solutions. "
Further continuing Mr. L'Ecuyer added, "We also announced more recently
and after the end of the quarter some further changes including the promotion
of Nicholas of Audet to Vice-President, with the corresponding additional
responsibilities, as well as the sale of our stake in ZT Plus, which follows
the slower than anticipated commercial development of this venture."
Mr. L'Ecuyer concluded, "We are grateful to our employees for this recent
quarter and would like to thank the Firebird team for their first contribution
to our quarterly results. We are very hopeful about Firebird's future
prospects and have begun construction of a new facility in Trail which will
allow for expansion of their current activities. We are confident that our
investment in this new facility will enable Firebird to develop into a major
producer of semiconductor wafers and a significant provider of products for
the germanium and solar markets.This is in line with the growth plan to which
we remain committed which calls for diversification of our product offering
and accretive acquisitions. "
The interim unaudited consolidated financial statements of 5N Plus, as
well as the Management's Report of this third quarter ended February 28, 2010
are available on the 5N Plus website, at www.5nplus.com and on the SEDAR
website at www.sedar.com.
Conference Call Information
The Company will host a conference call at 10:00 Eastern Time on
Wednesday, April 7, 2010 with financial analysts to discuss the second quarter
results. All interested parties are invited to participate to the live
broadcast on the Company's Web site at www.5nplus.com. A replay of the webcast
will be available until April 23, 2010.
MONTREAL, April 6 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) today announced
financial results for the third quarter of fiscal 2010 ended February 28,
2010. Sales reached a record level of $19,227,127 up by 0.4% over sales of
$19,150,195 for the third quarter of the previous fiscal year. Net earnings
were of $4,075,513 ($0.09 per share), which represents a 21.5% decrease over
net earnings of $5,189,673 ($0.11 per share) for the third quarter of the
previous fiscal year. EBITDA(1) decreased by 22.0% to $6,253,513 down from
$8,012,408 during the third quarter of the previous fiscal year.
For the nine-month period ended February 28, 2010, sales decreased by
0.5% to $51,033,792 and net earnings by 32.0% to $10,307,869 ($0.23 per
share). This compares with sales of $51,315,894 and net earnings of
$15,159,673 ($0.33 per share) for the same period of the previous fiscal year.
EBITDA also decreased during the nine-month period ended February 28, 2010 to
$16,444,458 down by 28.0% from $22,833,752 for the corresponding period of the
previous fiscal year.
As at February 28, 2010 the backlog of orders expected to translate into
sales over the following twelve months stood at $53,791,253 which represents a
3.4% increase over its level of $52,024,064 one year earlier.
On December 1, 2009, 5N Plus announced the acquisition of Firebird
Technologies Inc., a leading manufacturer of compound semiconductor products
and pure metals and also announced that its had signed a memorandum of
understanding for the long-term supply of strategic metals including indium,
cadmium and germanium with Teck Metals Ltd.
On January 25, 2010, 5N Plus and Abound Solar announced that they had
signed a photovoltaic module recycling agreement and a memorandum of
understanding for the supply of semiconductor compounds.
Jacques L'Ecuyer, President and Chief Executive Officer said, "We are
pleased to report the results of our third quarter which was characterized by
record sales and an improved profitability with respect to the previous two
quarters. This is despite a continuing strengthening of the Canadian dollar
with respect to its European and American counterparts which had a negative
impact on sales of approximately $3 million. Demand for our solar grade
products continued to be strong but it is the increase in sales of our
non-solar products which was largely responsible for the record quarter. These
non-solar products include for the first time those produced by our subsidiary
Firebird Technologies, the performance of which positively impacted both our
sales and earnings in the quarter."
Mr. L'Ecuyer continued, "We made several announcements in the quarter
primarily centered on our compound semiconductor wafer business and our
recycling activities. Concurrently with the purchase of Firebird Technologies
we announced the signature of a memorandum of understanding which Teck Metals
Ltd, which was later converted into binding agreements ensuring that our
subsidiary is provided with a reliable supply of critical feedstock including
indium and germanium. We also made great strides in the quarter to further
establish our recycling business and announced an agreement with Abound Solar
for the recycling of solar modules and manufacturing scrap. A similar
announcement was made shortly after the quarter ended with Calyxo another
manufacturer of solar modules. Both agreements together with our joint
development efforts carried out with First Solar are aimed at providing our
customers and more generally the solar industry with environmentally
sustainable recycling solutions. "
Further continuing Mr. L'Ecuyer added, "We also announced more recently
and after the end of the quarter some further changes including the promotion
of Nicholas of Audet to Vice-President, with the corresponding additional
responsibilities, as well as the sale of our stake in ZT Plus, which follows
the slower than anticipated commercial development of this venture."
Mr. L'Ecuyer concluded, "We are grateful to our employees for this recent
quarter and would like to thank the Firebird team for their first contribution
to our quarterly results. We are very hopeful about Firebird's future
prospects and have begun construction of a new facility in Trail which will
allow for expansion of their current activities. We are confident that our
investment in this new facility will enable Firebird to develop into a major
producer of semiconductor wafers and a significant provider of products for
the germanium and solar markets.This is in line with the growth plan to which
we remain committed which calls for diversification of our product offering
and accretive acquisitions. "
The interim unaudited consolidated financial statements of 5N Plus, as
well as the Management's Report of this third quarter ended February 28, 2010
are available on the 5N Plus website, at www.5nplus.com and on the SEDAR
website at www.sedar.com.
Conference Call Information
The Company will host a conference call at 10:00 Eastern Time on
Wednesday, April 7, 2010 with financial analysts to discuss the second quarter
results. All interested parties are invited to participate to the live
broadcast on the Company's Web site at www.5nplus.com. A replay of the webcast
will be available until April 23, 2010.
naja record sales ist ja schonmal nicht schlecht aber die cost of sales sind viel hoeher...was natuerlich auf die earnings drueckt!!! aber zumindest ist ein bisschen momentum zu erkennen... nach $.07 in Q1, $.07 cent in Q2, haben wir jetzt $.09 cent verdient (= $.23).
mit $.23 sind wir natuerlich noch weit unter dem level vom vorjahr - $.33 - aber vielleicht schaffen wir ja noch $.11 cent, und aufwaerts, in Q4 das waere sehr positiv zu bewerten....."keep the momentum going"
Drei millionen an sales haben wir weniger durch den starcken CAD...der wirklich alles in grund und boden haut...und somit das ergebnis natuerlich ein bisschen verzerrt hat....
fuer firebird wurde $7,912,084 bezahlt und davon gingen ca. $4.5 mil fuer goodwill drauf...hoffen wir mal die uebernahme zahlt sich aus um 10 uhr E.T. gibt es den CC also um 16 uhr deutscher zeit...bin mal gespannt was es da fuer neue infos gibt..mfg CW
mit $.23 sind wir natuerlich noch weit unter dem level vom vorjahr - $.33 - aber vielleicht schaffen wir ja noch $.11 cent, und aufwaerts, in Q4 das waere sehr positiv zu bewerten....."keep the momentum going"
Drei millionen an sales haben wir weniger durch den starcken CAD...der wirklich alles in grund und boden haut...und somit das ergebnis natuerlich ein bisschen verzerrt hat....
fuer firebird wurde $7,912,084 bezahlt und davon gingen ca. $4.5 mil fuer goodwill drauf...hoffen wir mal die uebernahme zahlt sich aus
um 10 uhr E.T. gibt es den CC also um 16 uhr deutscher zeit...bin mal gespannt was es da fuer neue infos gibt..mfg CW
naja der CC war nicht berauschend...aber man wird positive dinge in der zukunft sehen...wenn auch nicht unbedingt in der nahen zukunft...
firebird facility wird im dezember fertiggestellt...und dann soll dieses business anfangen schnell zu wachsen...bis jetzt hatte es einen nicht nenenswerten anteil an rev. bzw op. inc....in 3-5 jahren erwartet man "grosse" sachen von firebird....
die recycling vertraege sind auch ein schritt in die richtige richtung wenn man sich auf wachstum in der zukunft konzentriert...aber dieser anteil an revenue wird auch nur signifikant in ungefaehr 24 monaten...
Zu den anderen herstellern - ausser FSLR - wurde gesagt man erwartet diese "player" am markt - und hoffentlich auch als kunden - aber bis die erstmal richtig "ge-ramped" haben wird es sicherlich noch ein paar Q's dauern...
Zu M+A's ist man offen...aber wenn ich das richtig verstanden....nur M+A's die der bottom line sofort helfen koennen....
Non solar business ist ungefaehr bei dem pre-financial crisis level...und man ist cautios das es so weiter geht weil keiner wirklich ne ahnung hat wie es, zb., in 2011 aussieht aber momentan sieht man die nahe zukunft ganz positiv...
also unterm strich denke ich muss man hier einfach ganz ruhig warten und wenn sich chancen ergeben seine position vergroessern....die zukunftsaussichten sind ganz gut...aber momentam kann man nicht so ein rasantes wachstum erreichen...nur meine meinung...mfg CW
firebird facility wird im dezember fertiggestellt...und dann soll dieses business anfangen schnell zu wachsen...bis jetzt hatte es einen nicht nenenswerten anteil an rev. bzw op. inc....in 3-5 jahren erwartet man "grosse" sachen von firebird....
die recycling vertraege sind auch ein schritt in die richtige richtung wenn man sich auf wachstum in der zukunft konzentriert...aber dieser anteil an revenue wird auch nur signifikant in ungefaehr 24 monaten...
Zu den anderen herstellern - ausser FSLR - wurde gesagt man erwartet diese "player" am markt - und hoffentlich auch als kunden - aber bis die erstmal richtig "ge-ramped" haben wird es sicherlich noch ein paar Q's dauern...
Zu M+A's ist man offen...aber wenn ich das richtig verstanden....nur M+A's die der bottom line sofort helfen koennen....
Non solar business ist ungefaehr bei dem pre-financial crisis level...und man ist cautios das es so weiter geht weil keiner wirklich ne ahnung hat wie es, zb., in 2011 aussieht aber momentan sieht man die nahe zukunft ganz positiv...
also unterm strich denke ich muss man hier einfach ganz ruhig warten und wenn sich chancen ergeben seine position vergroessern....die zukunftsaussichten sind ganz gut...aber momentam kann man nicht so ein rasantes wachstum erreichen...nur meine meinung...mfg CW
Antwort auf Beitrag Nr.: 39.293.285 von dicki31785 am 08.04.10 11:14:15Hi dicki und danke für Deine Arbeit;
5N ist meine größte und einzige long-term (abgeltungssteuerfreie) Solarposition, deswegen habe ich viel Geduld
5N ist meine größte und einzige long-term (abgeltungssteuerfreie) Solarposition, deswegen habe ich viel Geduld
Antwort auf Beitrag Nr.: 39.293.400 von R-BgO am 08.04.10 11:29:31ja fuer mich ist das ein bisschen schwer so ruhig zu bleiben....bin da meistens ein bisschen ungeduldig...aber 5n plus scheint wirklich was fuer die zukunft zu sein die firma ist ja so laecherlich klein (market cap)...bewegen sich aber generell in einem geschaeftsfeld (ern) was sehr viel wachstum in der zukunft verspricht....das laesst hoffen...
was ich vergessen habe ich zu schreiben und ist mir gerade nochmal aufgefallen in meinen notes...das sie ihre German facility nur zu 50% utilizied haben...also werden sie die kosten weiter druecken koennen selbst wenn sie ihre shipments verdoppeln....wenn aber die utilization beinahe ausgenutzt ist muesste man allerdings die facility vergroessern - und das wuerde capex von 10 mil CAD bedeuten...mfg CW
was ich vergessen habe ich zu schreiben und ist mir gerade nochmal aufgefallen in meinen notes...das sie ihre German facility nur zu 50% utilizied haben...also werden sie die kosten weiter druecken koennen selbst wenn sie ihre shipments verdoppeln....wenn aber die utilization beinahe ausgenutzt ist muesste man allerdings die facility vergroessern - und das wuerde capex von 10 mil CAD bedeuten...mfg CW
5N Plus provides financing to Sylarus Technologies, LLC and enters into a germanium supply and recycling agreement
MONTREAL, June 21 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP), a leading
producer and provider of high-purity metals and compounds for electronic
applications, announced today that it has agreed to subscribe convertible debt
of Sylarus Technologies, LLC of Saint George, Utah a leading producer of
germanium substrates for solar cells. The financing is designed to help fund
Sylarus' expansion plans. Concurrently, 5N Plus and Sylarus have also entered
into a long-term supply and recycling agreement under which 5N Plus will
provide high-purity germanium feedstock to Sylarus and will recycle various
germanium containing residues originating from Sylarus' crystal growing and
wafer manufacturing activities.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "We
welcome the opportunity to provide financing to Sylarus and are excited about
Sylarus' potential for significant growth. Sylarus is one the very few
germanium substrate suppliers used for high- efficiency solar cells in both
space and terrestrial applications. This is an area of the solar market that
we were not addressing through our existing product offering. Together with
the supply and recycling agreement we entered into with Sylarus, this
financing further strengthens our germanium related activities and provides a
valuable outlet for our subsidiary Firebird's line of products."
"We are equally delighted by this agreement" commented Sylarus President,
Scott Mitchell, "as 5N Plus' financing will enable us to more effectively
implement our expansion plans. In addition, Sylarus will be provided with a
reliable and high-quality germanium feedstock and cost effective recycling
options. 5N Plus is a leading provider of material solutions to the solar
industry and we expect a positive impact on our business from working with 5N
Plus."
MONTREAL, June 21 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP), a leading
producer and provider of high-purity metals and compounds for electronic
applications, announced today that it has agreed to subscribe convertible debt
of Sylarus Technologies, LLC of Saint George, Utah a leading producer of
germanium substrates for solar cells. The financing is designed to help fund
Sylarus' expansion plans. Concurrently, 5N Plus and Sylarus have also entered
into a long-term supply and recycling agreement under which 5N Plus will
provide high-purity germanium feedstock to Sylarus and will recycle various
germanium containing residues originating from Sylarus' crystal growing and
wafer manufacturing activities.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "We
welcome the opportunity to provide financing to Sylarus and are excited about
Sylarus' potential for significant growth. Sylarus is one the very few
germanium substrate suppliers used for high- efficiency solar cells in both
space and terrestrial applications. This is an area of the solar market that
we were not addressing through our existing product offering. Together with
the supply and recycling agreement we entered into with Sylarus, this
financing further strengthens our germanium related activities and provides a
valuable outlet for our subsidiary Firebird's line of products."
"We are equally delighted by this agreement" commented Sylarus President,
Scott Mitchell, "as 5N Plus' financing will enable us to more effectively
implement our expansion plans. In addition, Sylarus will be provided with a
reliable and high-quality germanium feedstock and cost effective recycling
options. 5N Plus is a leading provider of material solutions to the solar
industry and we expect a positive impact on our business from working with 5N
Plus."
hoert sich ja nicht schlecht an....allerdings wird das auch so einige Q's dauern bis da richtig was bei rum kommt....
hast du eigentlich deine aktien in CAD oder in Euro...ich habe sie damals in CAD gekauft....und ueberlege jetzt meine position in den naehcsten monaten zu verdoppeln...allerdings auch "gecoupled" mit nem currency forward....damit ich meine CAD/EUR kurs mehr oder weniger einloggen kann...denke das waere sehr sinnvoll...wie siehst du das ganze? mfg CW
hast du eigentlich deine aktien in CAD oder in Euro...ich habe sie damals in CAD gekauft....und ueberlege jetzt meine position in den naehcsten monaten zu verdoppeln...allerdings auch "gecoupled" mit nem currency forward....damit ich meine CAD/EUR kurs mehr oder weniger einloggen kann...denke das waere sehr sinnvoll...wie siehst du das ganze? mfg CW
Antwort auf Beitrag Nr.: 39.717.356 von dicki31785 am 21.06.10 23:47:51Habe meine Aktien immer in Toronto gekauft; Währungsabsicherungen mache ich keine, u.a. weil ich keinen Schimmer habe, wie es gehen würde.
Passt mir im Moment ganz gut in den Kram, weil ich vom Euro weg diversifizieren möchte.
Passt mir im Moment ganz gut in den Kram, weil ich vom Euro weg diversifizieren möchte.
Antwort auf Beitrag Nr.: 39.717.431 von R-BgO am 22.06.10 00:31:56naja glaubst du denn der CAD macht den euro weiter so fertig...habe knapp 20% an FX gewinnen die moechte ich nicht so einfach hergeben...obwohl es doch so aussieht als wuerde es kanada weitaus besser gehen als der EU...aber in wie fern das eingepreist ist, ist wohl schwer zu sagen...
kannst einfach ne currency forward verkaufen....also garantiert dir ja jemand das er die CAD zu summe X abnimmt...befreist dich einfach von den schwankungen....was wohl vor 6 monate ne sehr schelchte idee gewesen waere aber jetzt...und wenn man genug investiert hat sind die kosten fuer ne absicherung mit nem forward relativ klein...bin mir aber unsicher....naja schaun wir mal...mfg CW
kannst einfach ne currency forward verkaufen....also garantiert dir ja jemand das er die CAD zu summe X abnimmt...befreist dich einfach von den schwankungen....was wohl vor 6 monate ne sehr schelchte idee gewesen waere aber jetzt...und wenn man genug investiert hat sind die kosten fuer ne absicherung mit nem forward relativ klein...bin mir aber unsicher....naja schaun wir mal...mfg CW
das mit abound ist sicherlich auch keine schlechte sache fuer VNP....da koennte man mit abound da abhaengikeit von VNP mit FSLR verringern....zwar ist FSLR sicherlich einer der besten kunden die man haben kann aber die abhaengigkeit ist schon gegeben!!!mfg CW
sollten wir nicht auch zeitnah dran sein....???Q3 war schliesslich am 07.04...bin mal gespannt auf das Q4...und ausserdem auf den outlook...also die solar sparte sollte ja eigentlich praechtig laufen!!!?!!! mfg CW
Antwort auf Beitrag Nr.: 39.717.431 von R-BgO am 22.06.10 00:31:56sag mal wie siehst du das? lieber Q4 abwarten, oder schon drauf setzen das die meisten "divisions" wieder gut laufen....weil wenn die gute zahlen praesentieren sollten und endlich die 5,50 marke nehmen - an der wir schon 6 monate knabbern....dann geht es sehr schnell meine ich...zumindest sehe ich das so...mfg CW
Antwort auf Beitrag Nr.: 39.952.547 von dicki31785 am 09.08.10 16:15:09Call ist für morgen angekündigt; glaube eher nicht dass es Überraschungen geben wird.
FSLR hat in den letzten beiden Quartalen keinen Riesensprung mehr im Volumen gemacht und Abound wird glaube ich noch nicht soviel ausmachen.
Wie immergesagt: ich bin long-term
und wie zueletzt bei Jinko gesehen bin ich vom Timing her ne Katastrophe....
wenn Du Dir mal was Lustiges ansehen willst, dann schau Dir den CNPV-Thread an: Thread: CNPV - chinesischer Modulbauer auf Euronext
Habe ich bisher für den billigsten China-Solarwert gehalten und jetzt wird man skalpiert; es ging mir vorhin durch den Kopf, ob das nicht vielleicht sogar mit Jinko zusammenhängen könnte...
FSLR hat in den letzten beiden Quartalen keinen Riesensprung mehr im Volumen gemacht und Abound wird glaube ich noch nicht soviel ausmachen.
Wie immergesagt: ich bin long-term
und wie zueletzt bei Jinko gesehen bin ich vom Timing her ne Katastrophe....
wenn Du Dir mal was Lustiges ansehen willst, dann schau Dir den CNPV-Thread an: Thread: CNPV - chinesischer Modulbauer auf Euronext
Habe ich bisher für den billigsten China-Solarwert gehalten und jetzt wird man skalpiert; es ging mir vorhin durch den Kopf, ob das nicht vielleicht sogar mit Jinko zusammenhängen könnte...
Antwort auf Beitrag Nr.: 39.953.159 von R-BgO am 09.08.10 17:35:35Ja dann schaun wir mal....die machen das wie immer sehe ich gerade...heute kommen zahlen und morgen der CC...
In deinem fall hatte es ja wenig mit Timing zu tun...hast mich ja nur aufmerksam auf einen fehler gemacht....koenntest du das bitte in der zukunft unterlassen
Den CNPV thread habe ich mir angeguckt....wie solche sachen gehen muss man sich schon fragen....ist ja echt die verarschung schlechthin!!! Ob das was mit JKS zu tun hat oder nicht weiss ich nicht...aber JKS wird ja von den analysten - gefuehlt - jeden 2. tag angefeuert....die research note von augira gestern hat natuerlich dem kurs extrem geholfen....
bin auch mal gespannt was mit CSIQ passiert...wenn man sich mal market cap anguckt....und die capacity...sind die echt preiswert (EV/Capacity)....wenn jetzt nichts grosses mit der SEC rauskommt eigentlich ein perfekter uebernahme kandidat...
naja die jungs haben mich meine gute jahresperformance gekostet....bin gerade dabei die in einer class action die zu verklagen...obwohl ich mir nicht viel davon verspreche um ganz ehrlich zu sein....allerdings kann sich CSIQ auf einen prozess einstellen der min. ein jahr dauert und das kostet geld....mich zb. nicht....wenn ich gewinne muss ich ordentlich % abgeben an die kanzlei (bis zu 30%) - aber wenn ich verliere bezahle ich nichts....so gesehen schaun wir mal...aber trotzdem ein guter uebernahme kandidat wenn die nicht total beschissen haben...die fabrik in Ontario wird warscheinlich gold wert sein bei den einspeiseverguetungen....und dem local production requirement!!mfg CW
In deinem fall hatte es ja wenig mit Timing zu tun...hast mich ja nur aufmerksam auf einen fehler gemacht....koenntest du das bitte in der zukunft unterlassen
Den CNPV thread habe ich mir angeguckt....wie solche sachen gehen muss man sich schon fragen....ist ja echt die verarschung schlechthin!!! Ob das was mit JKS zu tun hat oder nicht weiss ich nicht...aber JKS wird ja von den analysten - gefuehlt - jeden 2. tag angefeuert....die research note von augira gestern hat natuerlich dem kurs extrem geholfen....
bin auch mal gespannt was mit CSIQ passiert...wenn man sich mal market cap anguckt....und die capacity...sind die echt preiswert (EV/Capacity)....wenn jetzt nichts grosses mit der SEC rauskommt eigentlich ein perfekter uebernahme kandidat...
naja die jungs haben mich meine gute jahresperformance gekostet....bin gerade dabei die in einer class action die zu verklagen...obwohl ich mir nicht viel davon verspreche um ganz ehrlich zu sein....allerdings kann sich CSIQ auf einen prozess einstellen der min. ein jahr dauert und das kostet geld....mich zb. nicht....wenn ich gewinne muss ich ordentlich % abgeben an die kanzlei (bis zu 30%) - aber wenn ich verliere bezahle ich nichts....so gesehen schaun wir mal...aber trotzdem ein guter uebernahme kandidat wenn die nicht total beschissen haben...die fabrik in Ontario wird warscheinlich gold wert sein bei den einspeiseverguetungen....und dem local production requirement!!mfg CW
da bin ich mal auf den CC gespannt - finde die zahlen nicht gut....man muss aber auch bedenken das der CAD sehr stark war...allerdings ist ja auch eine fabrik in dland....sollte also ein natural hedge dienen...naja unterm stricht nicht so toll...hoffen wir mal das der outlook wenigstens ein bisschen besser ist....
http://www.cnxmarketlink.com/en/releases/archive/August2010/…
http://www.cnxmarketlink.com/en/releases/archive/August2010/…
Antwort auf Beitrag Nr.: 39.963.176 von dicki31785 am 11.08.10 08:26:57Stimmt, ertragsseitig nicht so doll.
Aber sie haben eine bärenstarke Bilanz und sind für einen MAterialhersteller m.E. sehr profitabel.
Sie müssen einfach wieder zu wachsen anfangen; FSLR baut aus, Abound und Primestar machen ernst und die "new markets" müssten mal was werden.
Das Risiko nach unten halte ich für begrenzt (außer natürlich, CdTe wird verboten)...
Hörn' mer mal, was Jacques zu sagen hat.
Aber sie haben eine bärenstarke Bilanz und sind für einen MAterialhersteller m.E. sehr profitabel.
Sie müssen einfach wieder zu wachsen anfangen; FSLR baut aus, Abound und Primestar machen ernst und die "new markets" müssten mal was werden.
Das Risiko nach unten halte ich für begrenzt (außer natürlich, CdTe wird verboten)...
Hörn' mer mal, was Jacques zu sagen hat.
Antwort auf Beitrag Nr.: 39.964.437 von R-BgO am 11.08.10 10:59:22naja call war auch nicht so toll nach meiner meinung...ich glaube sogar es koennten sich ein zwei sachen nach hinten verschoben haben...besonders im bezug auf recycling...muss mal gleich gucken was die letztes Q erzaehlt haben im vergleich zu dem war sie dieses Q erzaehlt haben...habe noch ein zwei sachen zu erledigen...werde den CC mehr oder weniger danach mit all den fragen (und antworten) posten...hast du ihn dir angehoert...hatte irgendwie kein nerv fuer den financial teil heute...und habe mehr oder weniger abgeschaltet...kannst du mir was zum backlog sagen (mit u. ohne forex)...revenue mitund ohne forex....income mit und ohne forex...oder steht das im statement schon so detailliert? naja wie gesagt muss jetzt noch ein paar sachen machen melde mich gleich...mfg CW
so habe mal genau die recycling kommentare durchgelesen...und die aussage vom letzten quartal war nicht anders als in diesem quartal....naja aber fangen wir mal von vorne an...wie gesagt habe wirklich erst eingeschaltet (mental ) bei der Q+A session....wenn du noch andere infos hast die relevant sind...ich bin immer dankbar (ausser deinen rechnungen wie gesagt )
1. Non solar business outlook? Margins?
"I am not sure we got a handle on that.. ..probably flattish until Q3 und Q4 (firebird)" dann hat er ein bissl abgelenkt...."Solar business will pick up significantly in Q2 and Q3"
2. FSLR % of solar rev ?
mehr oder weniger hat er gesagt das 80% der anteil ist...also sagen wir es mal so das solar business ist im moment 70% von den sales....und davon macht FSLR 80% aus....die abhaengigkeit kann einem schon angst machen....achso und er hat gesagt das es warscheinlich so weiter geht...auf jeden fall kurzfrisitig aber er hofft auf - wie er sie nennt - contenders (nicht competitors )
3. Margins next year ?
40-45%
4. Dropping cost (CdTe)
"With increased scale, we would like to think yes"
5. Capacity vs Demand (CdTe)
Still not operating at capacity
6.Call option on German facility
FSLR hat ne call option auf unsere deutsche facility?!!!!! das habe ich wohl verdraengt oder nie gewusst....allerdings only exercisable if shipments are not undertaken and the quality is low...ich glaube das ist eher dafuer gedacht das FSLR sich absichert und sich nicht in der position befindet das sie auf einmal kein CdTe zu verfuegung haben...eine bediegung ist zb. das die deutsche facility min. zu 50% ausgelastet ist...hat er zwar nicht auf die frage gesagt aber spaeter im call...allerdings hat er auch gesagt das die limitations die es vorher im vertrag gab...ab diesem jahr wegdallen....
7.CdTe pricing for other customers?
soll aehnlich sein...nur das es offensichtlich volume discounts gibt...
8. Firebird margins ?
je nach geschaeftsfeld (darauf kommen wir gleich zu sprechen) aber roughly comparable
9. FSLR is gonna double capacity in GER...effects (have to increase capacity? )
jetzt habe ich eine frage wir haben zwei 100 T facilities oder? "no need to increase capacity" und was er schon im letzten CC gesagt hat could double capacity without investing big money....ab 2x capacity one has to think about a new facility
10. Sales in Germanium and CIGS
Germanium...so far - more o. less - non existent
CIGS - small
11. CdTE pricing?
downward trend...able to compensate due to reductions in cost (aber das geht auch nur so weiter wenn wir weiter im volumen wachsen - EoS)
12. Firbird sales target?is 10 mil accurate?
much more aggressive target is to grow firebird into the size of the current VNP.TO firm
13. Firebird End markets?
1 Infrared Semiconducters (market share is 50%...market growing slowly)....tied to military
2 Germanium - metal + optics....once the firebird faciltiy is done we are the only ones in North America with a facility like that (no competition)
3 CIGS - self explanatory...
14. why is their expected growth in CdTE +Firebird but backlog flat?
well we see opportunities...but we gotta use them...we are trying to get contracts signed (mehr oder weniger was er gesagt hat)...great opportunities with FSLR
15. Market Share FSLR (12 mo.)
has decreased a bit....we want it to at least stay flat from here on out
16. Solaris Investment (glaube so schreibt man die firma)
weisst du was darueber?
17. current % of sales Firebird
less than 5%
18. still looking for M+A's, and what kind of a target?
Something that effects the top and bottom line.....and an entry into the Asian market would be desirable...
ja das wars mehr oder weniger viel hat sich nicht geaendert...wir muessen jetzt darauf warten das Firebird ne contribution macht...das wird schonmal helfen...das naechstes jahr deutlich staerker ist als dieses...und ab dem jahr danach kommt auch recycling dazu.....also wenn also so klappt wie sich die jungs das vorstellen sieht es immer noch sehr gut aus (langfrisitig)...allerdings muss das alles auch erstmal eintreffen...hast du dir den call angehoert...falls ja was ist deine meinung? mfg CW
ps habe eine kauforder mit limit eingegeben (um die posi zu verdoppeln)...glaube nicht das ich dran komme ausser es geht weiter steil bergab mit dem gesamtmarkt....und dann nehme ich den position gerne
) bei der Q+A session....wenn du noch andere infos hast die relevant sind...ich bin immer dankbar (ausser deinen rechnungen wie gesagt )1. Non solar business outlook? Margins?
"I am not sure we got a handle on that..
..probably flattish until Q3 und Q4 (firebird)" dann hat er ein bissl abgelenkt...."Solar business will pick up significantly in Q2 and Q3"2. FSLR % of solar rev ?
mehr oder weniger hat er gesagt das 80% der anteil ist...also sagen wir es mal so das solar business ist im moment 70% von den sales....und davon macht FSLR 80% aus....die abhaengigkeit kann einem schon angst machen....achso und er hat gesagt das es warscheinlich so weiter geht...auf jeden fall kurzfrisitig aber er hofft auf - wie er sie nennt - contenders (nicht competitors
)3. Margins next year ?
40-45%
4. Dropping cost (CdTe)
"With increased scale, we would like to think yes"
5. Capacity vs Demand (CdTe)
Still not operating at capacity
6.Call option on German facility
FSLR hat ne call option auf unsere deutsche facility?!!!!! das habe ich wohl verdraengt oder nie gewusst....allerdings only exercisable if shipments are not undertaken and the quality is low...ich glaube das ist eher dafuer gedacht das FSLR sich absichert und sich nicht in der position befindet das sie auf einmal kein CdTe zu verfuegung haben...eine bediegung ist zb. das die deutsche facility min. zu 50% ausgelastet ist...hat er zwar nicht auf die frage gesagt aber spaeter im call...allerdings hat er auch gesagt das die limitations die es vorher im vertrag gab...ab diesem jahr wegdallen....
7.CdTe pricing for other customers?
soll aehnlich sein...nur das es offensichtlich volume discounts gibt...
8. Firebird margins ?
je nach geschaeftsfeld (darauf kommen wir gleich zu sprechen) aber roughly comparable
9. FSLR is gonna double capacity in GER...effects (have to increase capacity? )
jetzt habe ich eine frage wir haben zwei 100 T facilities oder? "no need to increase capacity" und was er schon im letzten CC gesagt hat could double capacity without investing big money....ab 2x capacity one has to think about a new facility
10. Sales in Germanium and CIGS
Germanium...so far - more o. less - non existent
CIGS - small
11. CdTE pricing?
downward trend...able to compensate due to reductions in cost (aber das geht auch nur so weiter wenn wir weiter im volumen wachsen - EoS)
12. Firbird sales target?is 10 mil accurate?
much more aggressive target is to grow firebird into the size of the current VNP.TO firm
13. Firebird End markets?
1 Infrared Semiconducters (market share is 50%...market growing slowly)....tied to military
2 Germanium - metal + optics....once the firebird faciltiy is done we are the only ones in North America with a facility like that (no competition)
3 CIGS - self explanatory...
14. why is their expected growth in CdTE +Firebird but backlog flat?
well we see opportunities...but we gotta use them...we are trying to get contracts signed (mehr oder weniger was er gesagt hat)...great opportunities with FSLR
15. Market Share FSLR (12 mo.)
has decreased a bit....we want it to at least stay flat from here on out
16. Solaris Investment (glaube so schreibt man die firma)
weisst du was darueber?
17. current % of sales Firebird
less than 5%
18. still looking for M+A's, and what kind of a target?
Something that effects the top and bottom line.....and an entry into the Asian market would be desirable...
ja das wars mehr oder weniger viel hat sich nicht geaendert...wir muessen jetzt darauf warten das Firebird ne contribution macht...das wird schonmal helfen...das naechstes jahr deutlich staerker ist als dieses...und ab dem jahr danach kommt auch recycling dazu.....also wenn also so klappt wie sich die jungs das vorstellen sieht es immer noch sehr gut aus (langfrisitig)...allerdings muss das alles auch erstmal eintreffen...hast du dir den call angehoert...falls ja was ist deine meinung? mfg CW
ps habe eine kauforder mit limit eingegeben (um die posi zu verdoppeln)...glaube nicht das ich dran komme ausser es geht weiter steil bergab mit dem gesamtmarkt....und dann nehme ich den position gerne
Antwort auf Beitrag Nr.: 39.968.266 von dicki31785 am 11.08.10 18:31:07habe soeben fertiggehört;
-capacity kann mit incremental investments etwa VERDOPPELT werden; erst dann wird z.B. ein drittes Werk erforderlich
-die call-option stand im Prospekt; müßte sogar mal am anfang des Threads thematisiert worden sein
-wie vermutet, rechnet er mit Volumenzuwachs wegen FSLR so ab Q2/Q3; zwischen den Zeilen habe ich gehört, dass sie in Malaysia wohl mehr Konkurrenz haben
-das Thema "regulatory clarfication" hat er glaube ich 3x genannt; da auch die Ausbaupläne von FSLR nach der Klärung announced wurden, kann es sein, dass sie schon richtig Kopfschmerzen wegen der Asbeck-Schergen hatten
-mit den Preisen mussten sie wohl tatsächlich runter "sharpen our pencils" kam auch so 2-3x
-am interessantesten fand ich die Ausführungen zu Firebird (da habe ich zum ersten Mal genauer hingehört): Kauf 8 Mio. + Werk bauen 10 Mio. => Ziel in 3 Jahren: ein Geschäft in der Größe von 5N jetzt, "but we have to execute". sowas klingt für mich unternehmerisch und vom Bauch her traue ich den Jungs was zu. Aber auch den Besten geht viel daneben...
Muss mal etwas mehr dazu recherchieren... mitgenommen habe ich, dass IndiumAntimon(id?) und GermaniumAntimon(id?)-Wafer die Hauptprodukte sind.
-capacity kann mit incremental investments etwa VERDOPPELT werden; erst dann wird z.B. ein drittes Werk erforderlich
-die call-option stand im Prospekt; müßte sogar mal am anfang des Threads thematisiert worden sein
-wie vermutet, rechnet er mit Volumenzuwachs wegen FSLR so ab Q2/Q3; zwischen den Zeilen habe ich gehört, dass sie in Malaysia wohl mehr Konkurrenz haben
-das Thema "regulatory clarfication" hat er glaube ich 3x genannt; da auch die Ausbaupläne von FSLR nach der Klärung announced wurden, kann es sein, dass sie schon richtig Kopfschmerzen wegen der Asbeck-Schergen hatten
-mit den Preisen mussten sie wohl tatsächlich runter "sharpen our pencils" kam auch so 2-3x
-am interessantesten fand ich die Ausführungen zu Firebird (da habe ich zum ersten Mal genauer hingehört): Kauf 8 Mio. + Werk bauen 10 Mio. => Ziel in 3 Jahren: ein Geschäft in der Größe von 5N jetzt, "but we have to execute". sowas klingt für mich unternehmerisch und vom Bauch her traue ich den Jungs was zu. Aber auch den Besten geht viel daneben...
Muss mal etwas mehr dazu recherchieren... mitgenommen habe ich, dass IndiumAntimon(id?) und GermaniumAntimon(id?)-Wafer die Hauptprodukte sind.
#50: call-option
#123: Sylarus
...alles im Thread und bei 500 Postings/Seite mit der Suchfunktion schnell zu finden
#123: Sylarus
...alles im Thread und bei 500 Postings/Seite mit der Suchfunktion schnell zu finden
Antwort auf Beitrag Nr.: 39.968.397 von R-BgO am 11.08.10 18:47:49ja die jungs mussten eindeutig mit dem preis runter....und auf den gedanken bin ich garnicht gekommen - bzgl. Malaysia...aber macht sinn...in Deutschland kommen sie ans business ran in Malaysia eher nicht...
Zu Firebird das wird sich zeigen...unterm strich habe ich so verstanden das die margen dort ein bisschen niedriger sind....aber wenn sie es schaffen sollten das Firebird so gross wie VNP heutzutage waere das schon ne leistung...und was das fuer den kurs bedeuten wuerde brauchen wir auch nicht gross zu diskutieren....
Aber fuer mich ist da schon was wie eine richtige "road map" zu erkennen...wie man das geschaeft (umsatz und gewinne) waechst...zum ende des jahres (ende Q2) ist die Firebird facility fertig...um ca. die gleiche zeit (Q2 - Q3) wird das CdTe geschaeft mehr volumen absetzen....im jahr danach sollte Firebird schnell wachsen...und zum ersten mal soll ein signifikanter anteil an revenue vom recyclying geschaefft kommen...wenn executed wird - und gehen wir mal davon aus koennte es signifikante gewinn steigungern geben in den naechsten jahren...
call option - ja die habe ich verdraengt...als ich das gelesen habe ging ein laempchen auf....aber sehe die option als nicht wirklich relevant...ausser dem punkt das VNP dadurch eigentlich nur fuer FSLR als attraktives uebernahme ziel gilt..
Sylarus - da habe ich wohl nicht ganz aufmerksam gelesen...naja ich bin nie so ein fan von providing of financing....order auch pre payments...gewesen...und bin es heute auch nicht...klar versucht man so maerkte so oeffnen....aber wenn es nicht klappt ist das geld weg...frag mal STP (oder auch viele andere solar firmen) wie sowas laueft mfg CW
ps meine position wurde nicht bedient...was ich schon erwartet hatte....habe sie 2 tage drin gelassen...bei CAD $4,95...aber leider nicht bedient...naja kurzfrisitig -und ja ich weiss das du langfristig investiert bist - muss jetzt endlich mal der 200er fallen!!
Zu Firebird das wird sich zeigen...unterm strich habe ich so verstanden das die margen dort ein bisschen niedriger sind....aber wenn sie es schaffen sollten das Firebird so gross wie VNP heutzutage waere das schon ne leistung...und was das fuer den kurs bedeuten wuerde brauchen wir auch nicht gross zu diskutieren....
Aber fuer mich ist da schon was wie eine richtige "road map" zu erkennen...wie man das geschaeft (umsatz und gewinne) waechst...zum ende des jahres (ende Q2) ist die Firebird facility fertig...um ca. die gleiche zeit (Q2 - Q3) wird das CdTe geschaeft mehr volumen absetzen....im jahr danach sollte Firebird schnell wachsen...und zum ersten mal soll ein signifikanter anteil an revenue vom recyclying geschaefft kommen...wenn executed wird - und gehen wir mal davon aus koennte es signifikante gewinn steigungern geben in den naechsten jahren...
call option - ja die habe ich verdraengt...als ich das gelesen habe ging ein laempchen auf....aber sehe die option als nicht wirklich relevant...ausser dem punkt das VNP dadurch eigentlich nur fuer FSLR als attraktives uebernahme ziel gilt..
Sylarus - da habe ich wohl nicht ganz aufmerksam gelesen...naja ich bin nie so ein fan von providing of financing....order auch pre payments...gewesen...und bin es heute auch nicht...klar versucht man so maerkte so oeffnen....aber wenn es nicht klappt ist das geld weg...frag mal STP (oder auch viele andere solar firmen) wie sowas laueft
mfg CWps meine position wurde nicht bedient...was ich schon erwartet hatte....habe sie 2 tage drin gelassen...bei CAD $4,95...aber leider nicht bedient...naja kurzfrisitig -und ja ich weiss das du langfristig investiert bist
- muss jetzt endlich mal der 200er fallen!!
Antwort auf Beitrag Nr.: 39.989.303 von dicki31785 am 16.08.10 11:10:26is' scho recht; bin auch nie sauer, wenn sich jemand den Kurs irgendwo hinwünscht; es kommt sowieso wie es kommt...
habe mir noch ein "paar" dinger gekauft...sagen wir mal ich hatte 7,5 davor jetzt habe ich 10....
hat meinen EK ein gutes stueck unter CAD $6 gedrueckt...also ohne FX gains bin ich noch ein gutes stueck zureck...mit FX gains sehr nah am EK...naja die performance der aktie nach den zahlen ist nicht unbedingt berauschend...aber gut man muss wohl sich zuerst beweisen...Ich bin mal gespannt was die naechsten Q's bringen...Und wünsche mir weiter den kurs nach oben
mfg CW
hat meinen EK ein gutes stueck unter CAD $6 gedrueckt...also ohne FX gains bin ich noch ein gutes stueck zureck...mit FX gains sehr nah am EK...naja die performance der aktie nach den zahlen ist nicht unbedingt berauschend...aber gut man muss wohl sich zuerst beweisen...Ich bin mal gespannt was die naechsten Q's bringen...Und wünsche mir weiter den kurs nach oben
mfg CW
Attention Business/Financial Editors
5N Plus and Abound Solar Sign Supply Agreement for CdTe used in solar modules
MONTREAL, Aug. 20 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), a developer and
producer of high-purity metals and compounds for electronic applications is
pleased to announce that it has signed with Abound Solar, Inc a long-term
supply agreement. Under the terms of this agreement, 5N Plus will provide to
Abound Solar, cadmium telluride to be used in the manufacturing of the
company's next-generation thin-film solar modules.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer stated,
"We are pleased to report that this agreement has been signed, following the
memorandum of understanding with Abound Solar that we announced in January
2010. This agreement reinforces our position as the supplier of choice for
CdTe in the solar industry.
5N Plus and Abound Solar Sign Supply Agreement for CdTe used in solar modules
MONTREAL, Aug. 20 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), a developer and
producer of high-purity metals and compounds for electronic applications is
pleased to announce that it has signed with Abound Solar, Inc a long-term
supply agreement. Under the terms of this agreement, 5N Plus will provide to
Abound Solar, cadmium telluride to be used in the manufacturing of the
company's next-generation thin-film solar modules.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer stated,
"We are pleased to report that this agreement has been signed, following the
memorandum of understanding with Abound Solar that we announced in January
2010. This agreement reinforces our position as the supplier of choice for
CdTe in the solar industry.
Antwort auf Beitrag Nr.: 40.026.847 von dicki31785 am 22.08.10 19:36:38Abound is in the final stages of ramping its initial 65MW module-production line in Colorado to full capacity and has been shipping product for several quarters.
Antwort auf Beitrag Nr.: 40.038.214 von R-BgO am 24.08.10 19:20:42laueft ja langsam aber sicher....die 5.50 zu nehmen war schonmal wichtig...nachdem wir mehr oder weniger das ganze jahr unter der marke verbracht haben (ausser Jan.)...naechstes Q erwarte ich noch keine super zahlen aber ab Q4 sollte es langsam aber sich richtig abgehen!!! naja dann warten wir mal "ruhig" ab mfg CW
mfg CW
5N Plus Inc. Reports First Quarter Results for Fiscal Year 2011
MONTREAL, Oct. 5 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP), a leading
producer and provider of high-purity metals and compounds for electronic
applications, today reported financial results for its first quarter ended
August 31, 2010.
Sales for the first quarter ended August 31, 2010, increased by 16.9% to
$18,770,228 compared to $16,053,220 for the first quarter of the previous
fiscal year.
Net earnings for the first quarter were $4,033,224 ($0.09 per share),
representing a 33.8% increase over net earnings of $3,014,608 ($0.07 per
share) for the same period last year.
EBITDA(1) for the first quarter was $6,260,433, representing an increase
of 24% compared to EBITDA of $5,049,538 for the first quarter of the previous
fiscal year.
The backlog(2) of orders expected to translate into sales over the
following twelve months stood at $57,423,649 as at August 31, 2010 compared to
$56,277,503 a year ago. Changes in currency exchange rates had an adverse
impact of approximately $4 million on the backlog.
The Company's financial position remains solid, with cash and cash
equivalents of $64,000,238 as at August 31, 2010 compared to $67,992,321 as at
May 31, 2010. Shareholders' equity also increased during the first quarter to
$130,197,617 up from 125,678,537 as at May 31, 2010.
The Company is now also part of the S&P/TSX Small Cap Index as of
September 17, 2010 and the S&P/TSX Clean Technology Index as of September 20,
2010.
Jacques L'Ecuyer, President and Chief Executive Officer, said "The
results of our first fiscal quarter ended August 31, 2010 are in line with
those of the previous quarters in terms of sales and profitability. Demand for
our solar grade products remained strong throughout the quarter, although
growth in overall sales revenues was driven primarily by our non-solar grade
products, including those of our Firebird subsidiary. A further increase in
the coming quarters for such non-solar products is expected, as our new
Firebird facility is gradually brought up to speed."
Mr. L'Ecuyer continued, "Further strengthening in the demand for our
solar products is also expected following recent capacity expansion
announcements made by our main customer, as well as by the supply agreements
we recently entered into with other CdTe solar module manufacturers, including
Abound Solar. We are also extending the range of services offered to our solar
customers to include full module recycling services, which will be soon be
carried out in our new facility in Madison, Wisconsin, in an effort to address
all key customer requirements."
Mr. L'Ecuyer concluded, "Consistent with our growth strategy, we also
elected during the quarter to provide financing to Sylarus, one of the very
few germanium substrate suppliers for high-efficiency solar cells in both
space and terrestrial applications. This is an area of the solar market that
we were not addressing through our existing product offering. As a result we
expect to further strengthen our germanium related activities and leverage
Firebird's line of products."
The unaudited consolidated financial statements of 5N Plus, as well as
the Management's Report for the first quarter ended August 31, 2010 are
available on the 5N Plus website, at www.5nplus.com and at www.sedar.com.
Webcast Information
The Company will host a conference call at 10:00 AM Eastern Time on
Wednesday, October 6, 2010 with financial analysts to discuss the first
quarter ended August 31, 2010. All interested parties are invited to
participate in the live broadcast on the company's Web site at www.5nplus.com.
A replay of the webcast and a recording of the Q&A will be available until
October 29, 2010.
MONTREAL, Oct. 5 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP), a leading
producer and provider of high-purity metals and compounds for electronic
applications, today reported financial results for its first quarter ended
August 31, 2010.
Sales for the first quarter ended August 31, 2010, increased by 16.9% to
$18,770,228 compared to $16,053,220 for the first quarter of the previous
fiscal year.
Net earnings for the first quarter were $4,033,224 ($0.09 per share),
representing a 33.8% increase over net earnings of $3,014,608 ($0.07 per
share) for the same period last year.
EBITDA(1) for the first quarter was $6,260,433, representing an increase
of 24% compared to EBITDA of $5,049,538 for the first quarter of the previous
fiscal year.
The backlog(2) of orders expected to translate into sales over the
following twelve months stood at $57,423,649 as at August 31, 2010 compared to
$56,277,503 a year ago. Changes in currency exchange rates had an adverse
impact of approximately $4 million on the backlog.
The Company's financial position remains solid, with cash and cash
equivalents of $64,000,238 as at August 31, 2010 compared to $67,992,321 as at
May 31, 2010. Shareholders' equity also increased during the first quarter to
$130,197,617 up from 125,678,537 as at May 31, 2010.
The Company is now also part of the S&P/TSX Small Cap Index as of
September 17, 2010 and the S&P/TSX Clean Technology Index as of September 20,
2010.
Jacques L'Ecuyer, President and Chief Executive Officer, said "The
results of our first fiscal quarter ended August 31, 2010 are in line with
those of the previous quarters in terms of sales and profitability. Demand for
our solar grade products remained strong throughout the quarter, although
growth in overall sales revenues was driven primarily by our non-solar grade
products, including those of our Firebird subsidiary. A further increase in
the coming quarters for such non-solar products is expected, as our new
Firebird facility is gradually brought up to speed."
Mr. L'Ecuyer continued, "Further strengthening in the demand for our
solar products is also expected following recent capacity expansion
announcements made by our main customer, as well as by the supply agreements
we recently entered into with other CdTe solar module manufacturers, including
Abound Solar. We are also extending the range of services offered to our solar
customers to include full module recycling services, which will be soon be
carried out in our new facility in Madison, Wisconsin, in an effort to address
all key customer requirements."
Mr. L'Ecuyer concluded, "Consistent with our growth strategy, we also
elected during the quarter to provide financing to Sylarus, one of the very
few germanium substrate suppliers for high-efficiency solar cells in both
space and terrestrial applications. This is an area of the solar market that
we were not addressing through our existing product offering. As a result we
expect to further strengthen our germanium related activities and leverage
Firebird's line of products."
The unaudited consolidated financial statements of 5N Plus, as well as
the Management's Report for the first quarter ended August 31, 2010 are
available on the 5N Plus website, at www.5nplus.com and at www.sedar.com.
Webcast Information
The Company will host a conference call at 10:00 AM Eastern Time on
Wednesday, October 6, 2010 with financial analysts to discuss the first
quarter ended August 31, 2010. All interested parties are invited to
participate in the live broadcast on the company's Web site at www.5nplus.com.
A replay of the webcast and a recording of the Q&A will be available until
October 29, 2010.
Antwort auf Beitrag Nr.: 40.272.684 von R-BgO am 06.10.10 11:45:44hmmm ist ok...nichts besonderes...dachte zumindest EPS wird zweistellig...schaun wir mal was der Call so bringt...mfg CW
Antwort auf Beitrag Nr.: 40.272.950 von dicki31785 am 06.10.10 12:15:36http://www.5nplus.com/uploads/2011/T1/FINA_MDA_T12011.pdf
Antwort auf Beitrag Nr.: 40.272.684 von R-BgO am 06.10.10 11:45:44haste dir schon den call angehoert....bin gerade durch (nur Q+A) realtiv langweilig...nichts neues...hast du was besonderes rausgehoert?mfg CW
Antwort auf Beitrag Nr.: 40.281.631 von dicki31785 am 07.10.10 14:27:54eben gehört; unspektakulär aber das generelle Feeling ist, dass sie selbstbewußt vorankommen; viele Wiederholungen:
-Firebird wird innerhalb von 3 Jahren in gleicher Größe wie 5n erwartet
-FSLR wird mit growth erwartet
-Abound wird mit growth erwartet
-interessanterweise wird auch Calyxo mit growth erwartet
-vom Recycling versprechen sie sich einiges
-sie arbeiten an weiteren Akquisitionen; deswegen finden sie auch die von einem Analysten vorgeschlagene Divi nicht gut
=>also weiter entspannt abwarten
disclosure: habe meine post-2008 Posi mal gegeben, weil ich Geld für andere Sachen brauchte; die 5x größere pre-2009 Posi bleibt unangetastet
-Firebird wird innerhalb von 3 Jahren in gleicher Größe wie 5n erwartet
-FSLR wird mit growth erwartet
-Abound wird mit growth erwartet
-interessanterweise wird auch Calyxo mit growth erwartet
-vom Recycling versprechen sie sich einiges
-sie arbeiten an weiteren Akquisitionen; deswegen finden sie auch die von einem Analysten vorgeschlagene Divi nicht gut
=>also weiter entspannt abwarten
disclosure: habe meine post-2008 Posi mal gegeben, weil ich Geld für andere Sachen brauchte; die 5x größere pre-2009 Posi bleibt unangetastet
Antwort auf Beitrag Nr.: 40.287.380 von R-BgO am 08.10.10 10:39:34Ja habe ich auch so empfunden...ich ueberlege derzeit noch einmal zu verdoppeln (mehr kann ich nicht, mit guten gewissen, in ein solch kleine firma stecken)....nicht nur wegen den wachstumaussichten die unveraendert gut sind...aber auch der EUR/CAD wechselkurs ist interessant - fuer mich ist es langsam an der Zeit mehr und mehr position gegen den Euro aufzubauen...und auf den USD zu wetten ist nach meiner meinung unsicherer als auf den CAD zu wetten (bin schon short auf den USD mit DRR(kuerzel) aber das war erst der anfang)...naja mal sehen was wir heute fuer ein volumen haben...am liebsten waere mir ein tag mit richtig kleinen volumen und wir starten um die 6 CAD....naja wie auch immer schaun wir mal weiter...mfg CW
lustig, dass wir hier immer noch so entrez-nouz sind...
BANGALORE, Oct 15 (Reuters) - Most of the world's solar panels use polysilicon, but as the race heats up to find the most efficient and cheapest way to harness the sun's energy, cadmium telluride (CdTe) and its biggest supplier, Canada's 5N Plus Inc , are coming under the spotlight.
Given the emphasis on cheaper solar power, more companies plan to enter the thin-film market currently dominated by First Solar.
And, as the market for low-cost thin-film panels grows, industry experts say First Solar, the biggest producer of thin-film panels that use CdTe, will look to buy 5N Plus to secure its supply of the semiconductor material.
CdTe has a 10-15 percent cost advantage over the more widely used silicon, but tellurium, a tin-coloured component of CdTe and a byproduct of the copper industry, is not widely available.
Apart from 5N Plus, the few other CdTe suppliers include China-based Apollo Solar and Vital Chemicals, PPM Materials based in Germany, Japan's Nikko Metals, and Honeywell International's Honeywell Electronic Materials.
Analysts say annual global demand for CdTe will reach about 260 metric tons by year-end, virtually all of which can be produced by 5N Plus. Demand could hit 800 metric tons by 2013.
'There's a limited amount of tellurium in the world and First Solar needs a significant portion of it,' said National Bank Financial analyst Rupert Merer. 'It would make sense for them to try to lock up supply and increase their security.'
'The numbers typically thrown around are roughly 400-500 metric tons of tellurium available every year, and First Solar will need well over half of that very soon,' Merer noted.
A SLUGFEST FOR CdTe SUPPLY?
Favorable government regulations and the lower cost of CdTe panels have prompted firms such as GE Inc, Q-Cells and privately-held Abound Solar to get interested.
GE plans to build 30 megawatt (MW) in 2011, but will then likely look to expand its capacity. Abound Solar has secured a $400 million grant from the U.S. Department of Energy and plans to build over 840 MW by the end of 2013.
'These two are going to be big competitors to First Solar,' Stonecap Securities analyst Michael Goldberg said.
'This would definitely accelerate the process of First Solar buying 5N Plus to get access to that tellurium supply.'
For First Solar, buying 5N Plus would help keep costs in check and rivals at bay at a time of supply constraints and increasing demand for tellurium.
First Solar said on Thursday it was adding capacity to meet growing demand -- opening two new plants which, with other expansions, will nearly double production capacity to above 2.7 gigawatt (GW) in 2012.
'Given First Solar's historically conservative nature surrounding expansion, the decision to add this incremental capacity is indicative of strong customer demand,' said Oppenheimer analyst Gary Hsueh.
And experts say First Solar will continue to bank on 5N Plus for a bulk of its supplies.
'We expect 5N Plus to continue to provide an important percentage of First Solar's requirements,' Clarus Securities' analyst Carolina Vargas said, citing the company's strong ties with tellurium suppliers.
News of First Solar's capacity boost helped propel 5N Plus shares to 14-month highs.
A HIGH-PREMIUM BUY
Analysts say any offer from First Solar would need a premium of 30-60 percent to 5N Plus' current value of a little above C$6, less than half its value just two years ago.
'I think a 30 percent premium is adequate for a company like 5N Plus,' said Merer at National Bank Financial.
Other analysts say a bid would have to be more generous.
'I don't know if they will do it below C$10 (a share),' said Stonecap's Goldberg. 'CEO Jacques L'Ecuyer owns enough of the company to block a deal, and I don't think he'd do a deal at near the current price. First Solar would need to offer a substantial premium.'
L'Ecuyer owns over a third of 5N Plus stock.
A 60 percent premium would indicate an offer at around C$10 a share, valuing 5N Plus -- which has C$64 million in cash and around C$4 million in debt -- at close to C$450 million.
First Solar, valued at $11.7 billion, boasts a strong balance sheet among solar firms, with $274 million of cash on its balance sheet and $114 million of debt.
The company's last big buy was in 2009, when it offered to pay rival OptiSolar $400 million in stock for its pipeline of solar projects, a deal it said would hurt 2009 earnings but add to profits in 2010.
'First Solar has a very healthy balance sheet,' National Bank Financial's Merer said. 'They could probably make the acquisition with cash alone, but they could also issue stock, too.'
BANGALORE, Oct 15 (Reuters) - Most of the world's solar panels use polysilicon, but as the race heats up to find the most efficient and cheapest way to harness the sun's energy, cadmium telluride (CdTe) and its biggest supplier, Canada's 5N Plus Inc , are coming under the spotlight.
Given the emphasis on cheaper solar power, more companies plan to enter the thin-film market currently dominated by First Solar.
And, as the market for low-cost thin-film panels grows, industry experts say First Solar, the biggest producer of thin-film panels that use CdTe, will look to buy 5N Plus to secure its supply of the semiconductor material.
CdTe has a 10-15 percent cost advantage over the more widely used silicon, but tellurium, a tin-coloured component of CdTe and a byproduct of the copper industry, is not widely available.
Apart from 5N Plus, the few other CdTe suppliers include China-based Apollo Solar and Vital Chemicals, PPM Materials based in Germany, Japan's Nikko Metals, and Honeywell International's Honeywell Electronic Materials.
Analysts say annual global demand for CdTe will reach about 260 metric tons by year-end, virtually all of which can be produced by 5N Plus. Demand could hit 800 metric tons by 2013.
'There's a limited amount of tellurium in the world and First Solar needs a significant portion of it,' said National Bank Financial analyst Rupert Merer. 'It would make sense for them to try to lock up supply and increase their security.'
'The numbers typically thrown around are roughly 400-500 metric tons of tellurium available every year, and First Solar will need well over half of that very soon,' Merer noted.
A SLUGFEST FOR CdTe SUPPLY?
Favorable government regulations and the lower cost of CdTe panels have prompted firms such as GE Inc, Q-Cells and privately-held Abound Solar to get interested.
GE plans to build 30 megawatt (MW) in 2011, but will then likely look to expand its capacity. Abound Solar has secured a $400 million grant from the U.S. Department of Energy and plans to build over 840 MW by the end of 2013.
'These two are going to be big competitors to First Solar,' Stonecap Securities analyst Michael Goldberg said.
'This would definitely accelerate the process of First Solar buying 5N Plus to get access to that tellurium supply.'
For First Solar, buying 5N Plus would help keep costs in check and rivals at bay at a time of supply constraints and increasing demand for tellurium.
First Solar said on Thursday it was adding capacity to meet growing demand -- opening two new plants which, with other expansions, will nearly double production capacity to above 2.7 gigawatt (GW) in 2012.
'Given First Solar's historically conservative nature surrounding expansion, the decision to add this incremental capacity is indicative of strong customer demand,' said Oppenheimer analyst Gary Hsueh.
And experts say First Solar will continue to bank on 5N Plus for a bulk of its supplies.
'We expect 5N Plus to continue to provide an important percentage of First Solar's requirements,' Clarus Securities' analyst Carolina Vargas said, citing the company's strong ties with tellurium suppliers.
News of First Solar's capacity boost helped propel 5N Plus shares to 14-month highs.
A HIGH-PREMIUM BUY
Analysts say any offer from First Solar would need a premium of 30-60 percent to 5N Plus' current value of a little above C$6, less than half its value just two years ago.
'I think a 30 percent premium is adequate for a company like 5N Plus,' said Merer at National Bank Financial.
Other analysts say a bid would have to be more generous.
'I don't know if they will do it below C$10 (a share),' said Stonecap's Goldberg. 'CEO Jacques L'Ecuyer owns enough of the company to block a deal, and I don't think he'd do a deal at near the current price. First Solar would need to offer a substantial premium.'
L'Ecuyer owns over a third of 5N Plus stock.
A 60 percent premium would indicate an offer at around C$10 a share, valuing 5N Plus -- which has C$64 million in cash and around C$4 million in debt -- at close to C$450 million.
First Solar, valued at $11.7 billion, boasts a strong balance sheet among solar firms, with $274 million of cash on its balance sheet and $114 million of debt.
The company's last big buy was in 2009, when it offered to pay rival OptiSolar $400 million in stock for its pipeline of solar projects, a deal it said would hurt 2009 earnings but add to profits in 2010.
'First Solar has a very healthy balance sheet,' National Bank Financial's Merer said. 'They could probably make the acquisition with cash alone, but they could also issue stock, too.'
Antwort auf Beitrag Nr.: 40.334.480 von R-BgO am 16.10.10 10:55:28allerdings...
die nachricht habe ich gestern abend gelesen und musste schon ein wenig laecheln...mal sehen was dran ist - Sinn machen wuerde es natuerlich fuer FSLR...Wenn man mal bedenkt was 5N Plus fuer eine Marge hat koennte man schon grosse einsparungen dadurch erreichen...
Allerdings besteht auch die frage ob ein uebernahme angebot sich fuer uns ueberhaupt rechnet....wenn Firebird voll am laufen ist glaube ich schon das Net Income rasant ansteigt...und ob dann 8-10 CAD ein toller preis fuer meine aktien sind weiss ich nicht !? Kurzfristig gesehen waere es natuerlich ohne jede frage eine gute sache...naja warten wir es mal ab...auf fall nicht schlecht mfg CW
die nachricht habe ich gestern abend gelesen und musste schon ein wenig laecheln...mal sehen was dran ist - Sinn machen wuerde es natuerlich fuer FSLR...Wenn man mal bedenkt was 5N Plus fuer eine Marge hat koennte man schon grosse einsparungen dadurch erreichen...
Allerdings besteht auch die frage ob ein uebernahme angebot sich fuer uns ueberhaupt rechnet....wenn Firebird voll am laufen ist glaube ich schon das Net Income rasant ansteigt...und ob dann 8-10 CAD ein toller preis fuer meine aktien sind weiss ich nicht !? Kurzfristig gesehen waere es natuerlich ohne jede frage eine gute sache...naja warten wir es mal ab...auf fall nicht schlecht
mfg CW
15.10.2010 14:58
BRIEF-RESEARCH ALERT-Clarus raises 5N Plus price target
Oct 15 (Reuters) - 5N Plus Inc:
* Clarus raises 5N Plus Inc price target to C$8.50 from C$8; keeps buy
15.10.2010 15:36
BRIEF-RESEARCH ALERT-National bank raises 5N Plus price target
Oct 15 (Reuters) - 5N Plus Inc:
* National bank raises 5N Plus Inc price target to C$8 from C$7.25;
rating outperform
BRIEF-RESEARCH ALERT-Clarus raises 5N Plus price target
Oct 15 (Reuters) - 5N Plus Inc:
* Clarus raises 5N Plus Inc price target to C$8.50 from C$8; keeps buy
15.10.2010 15:36
BRIEF-RESEARCH ALERT-National bank raises 5N Plus price target
Oct 15 (Reuters) - 5N Plus Inc:
* National bank raises 5N Plus Inc price target to C$8 from C$7.25;
rating outperform
Antwort auf Beitrag Nr.: 40.335.572 von dicki31785 am 16.10.10 16:39:58So wie ich Ecuyer von den CC's her einschätze, wird er so leicht nicht verkaufen....
Antwort auf Beitrag Nr.: 40.335.578 von dicki31785 am 16.10.10 16:42:43Es sieht fast so aus, als müßte ich immer ein bisschen schmeissen, damit ein Kurs in die Gänge kommt; war zuletzt hier so und auch bei DocCheck und buch.de ...
dann hoffen wir mal du schaetzt den Jacques richtig ein und zum glueck hast du ja nicht die hauptposition verkauft....bin mal gespannt wie es weiterlaueft...gut fuer die chart waere ein ruecksetzter auf 6...aber wenn ein angebot wirklich kommen sollte, ist die chart sowieso egal...naja dann schaun wir mal..mfg CW
und zum glueck hast du ja nicht die hauptposition verkauft....bin mal gespannt wie es weiterlaueft...gut fuer die chart waere ein ruecksetzter auf 6...aber wenn ein angebot wirklich kommen sollte, ist die chart sowieso egal...naja dann schaun wir mal..mfg CW
Antwort auf Beitrag Nr.: 40.340.526 von dicki31785 am 18.10.10 12:54:33Japp;
hast Du Dir mal zwei letzten Neuzugänge im Solariversum angeschaut?
Trony Thread: Trony Solar - chinesischer a-Si Player und
Daqo Thread: Daqo New Energy
Deine Meinung würde mich interessieren.
hast Du Dir mal zwei letzten Neuzugänge im Solariversum angeschaut?
Trony Thread: Trony Solar - chinesischer a-Si Player und
Daqo Thread: Daqo New Energy
Deine Meinung würde mich interessieren.
Antwort auf Beitrag Nr.: 40.340.740 von R-BgO am 18.10.10 13:27:55ja habe gesehen du hast bei Trony zugeschlagen...habe mir die threads mal angeguckt aber noch nicht die aktien...muss ich mir mal bei gelegenheit genauer angucken...aber wie du schon bei Trony geschrieben hast...die efficency von den jungs hat mich persoenlich abgeschreckt....
bin mal gespannt ob GCL die 2,50 nimmt....weil dann ist da ordentlich luft...wuerde mich da auf einen ruecksetzter freuen find dei aktie echt gut...ich glaube deren wafer business wird durch die decke gehen!!!!Und die poly preise spielen auch in deren karten...die werden eine traummarge mit deren wafers einfahren (bin immer noch extrem sauer auf meinen SOL verkauf bei $11.XX)...die moechte ich im depot haben!!! mfg CW
bin mal gespannt ob GCL die 2,50 nimmt....weil dann ist da ordentlich luft...wuerde mich da auf einen ruecksetzter freuen find dei aktie echt gut...ich glaube deren wafer business wird durch die decke gehen!!!!Und die poly preise spielen auch in deren karten...die werden eine traummarge mit deren wafers einfahren (bin immer noch extrem sauer auf meinen SOL verkauf bei $11.XX)...die moechte ich im depot haben!!! mfg CW
Antwort auf Beitrag Nr.: 40.341.124 von dicki31785 am 18.10.10 14:24:07Sag' mal, wie siehst Du denn die Mittelfristperspektive?
Glaubst Du z.B., dass das EEG in der Substanz unverändert bleiben kann?
Und falls nicht und z.B. ein hard cap eingeführt werden sollte, was für Folgen könnte das für die Branche insgesamt haben?
Meiner Meinung nach (wie im "Meinolf"-Thread beschrieben) kann es nicht mit den aktuellen Ausbauraten weitergehen. 10-15GW Kapazitätszubau pro Jahr sind einfach zu viel.
Und sobald das Pendel Richtung Käufermarkt schwingt, gibt es m.E. ein Blutbad gegen das 2009 wie ein Kindergeburtstag wirken wird.
Nur wenn die ganze übrige Welt so stark weiterwächst, dass Deutschland überkompensiert wird, kann ich mir vorstellen, dass es anders kommt.
Was denkst du?
Glaubst Du z.B., dass das EEG in der Substanz unverändert bleiben kann?
Und falls nicht und z.B. ein hard cap eingeführt werden sollte, was für Folgen könnte das für die Branche insgesamt haben?
Meiner Meinung nach (wie im "Meinolf"-Thread beschrieben) kann es nicht mit den aktuellen Ausbauraten weitergehen. 10-15GW Kapazitätszubau pro Jahr sind einfach zu viel.
Und sobald das Pendel Richtung Käufermarkt schwingt, gibt es m.E. ein Blutbad gegen das 2009 wie ein Kindergeburtstag wirken wird.
Nur wenn die ganze übrige Welt so stark weiterwächst, dass Deutschland überkompensiert wird, kann ich mir vorstellen, dass es anders kommt.
Was denkst du?
Antwort auf Beitrag Nr.: 40.341.567 von R-BgO am 18.10.10 15:20:00Ja das ist wirklich ein sehr interessanter punkt....EEG kann, und wird, in jetztiger form nicht bestehen bleiben koennen...kostet zuviel....und man muss ja auch mal sagen es kann nicht sein das deutschland 50%, mehr oder weniger, des globalen marktes ist....
Und sobald das Pendel Richtung Käufermarkt schwingt, gibt es m.E. ein Blutbad gegen das 2009 wie ein Kindergeburtstag wirken wird.
sehe ich auch so....wenn du dir mal ueberlegst was es an capacity 2009 gab....und jetzt (also der ratio zu demand ist wichtig, nicht capcity in isolation).... stell dir mal 2011/2012 capacity und ein deutscher markt mit einer 2 (3) GW cap...da bricht der markt total zusammen...also unterm strich teile ich die selben sorgen...und wenn nur der anfang von einer cap diskussion kommt....sollte man am besten sofort alle solaraktien schmeissen..Und dann schoen preiswert einsammeln...
Weil wenn man eins mitbekommen hat 2009 die jungs kommen wieder...und das werden sie auch spaeter machen (zumindest die die ein ordentliches B/S haben)....man brauch nur 2/3 Q's um durchs inventory zu kommen....weil wie ich das sehe kann man poly jetzt schon zu $25 und billiger herstellen (die besten zumindest)...der herstellungkosten werden weiter sinken...und wenn der naechste meltdown kommt...dann kommen die poly preise richtig runter...und 2/3 Q's spaeter ist wieder alles "ok"....
allerdings moechte ich nicht die person sein die Solar aktien in den 2/3 Q's haelt....weil das wird ein echtes blutbad (und dann muss man die richtigen haben) wie du schon sagst - in dem sich die komplette deutsche solar industrie verabschieden wird (vielleicht bleiben ein paar ueber...SW/SMA...obwohl SW alles dafuer tut sein geld aus dem fenster rauszuwerfen...nice share repo program )....ich verliere mich jetzt schon wieder in all moeglichen gedanken/situationen die durch die jahre eingetreten sind....
aber auf dem punkt zu kommen ich glaube es wird dazu fuehren, wenn die cap nicht zu radikal ist, das es ein paar Q's ein echtes blutbad gibt...und dann kommen einige wieder...allerdings nicht annaehrend so viele wie 2009...weil aus der krise haben es ja sehr sehr viele geschafft...
was hast du den fuer demand 2011 und 2012....ich habe 16100 (5500 Deutschland) MW und 20500 (6050 Deutschland) MW...und jetzt in 2012 sagt Deutschland wir machen nur noch 2 GW....also dass das aufgefangen wird vom globalen markt kann ich mir nicht vorstellen...allerdings weiss ich auch nicht welche produktionskosten die industrie zu der zeit hat....vielleicht ist es ja auch so das in 2012/2013 deutschland garnicht mehr so relevant ist weil die ASP's so starck gefallen sind...aber darauf wuerde ich persoenlich nicht setzen....naja umso frueher die cap kommt in deutschland umso schlimmer fuer die industrie...2011 waere zb viel schlimmer als 2013 nach meiner meinung!
ueberigens gibt es ja auch den "joker", die Gruenen....was die in umfragen holen ist ja der wahnsinn....wer weiss wo sich die politik hinbewegt....
naja wie auch immer...habe mich oefters mal in meinen post in meinen gedanken verloren - entschuldige...und man koennte wohl ohne jedes problem 20 seiten drueber schreiben was eintreten koennte oder auch nicht....das reicht fuers erste GO VNP GO mfg CW
Und sobald das Pendel Richtung Käufermarkt schwingt, gibt es m.E. ein Blutbad gegen das 2009 wie ein Kindergeburtstag wirken wird.
sehe ich auch so....wenn du dir mal ueberlegst was es an capacity 2009 gab....und jetzt (also der ratio zu demand ist wichtig, nicht capcity in isolation).... stell dir mal 2011/2012 capacity und ein deutscher markt mit einer 2 (3) GW cap...da bricht der markt total zusammen...also unterm strich teile ich die selben sorgen...und wenn nur der anfang von einer cap diskussion kommt....sollte man am besten sofort alle solaraktien schmeissen..Und dann schoen preiswert einsammeln...
Weil wenn man eins mitbekommen hat 2009 die jungs kommen wieder...und das werden sie auch spaeter machen (zumindest die die ein ordentliches B/S haben)....man brauch nur 2/3 Q's um durchs inventory zu kommen....weil wie ich das sehe kann man poly jetzt schon zu $25 und billiger herstellen (die besten zumindest)...der herstellungkosten werden weiter sinken...und wenn der naechste meltdown kommt...dann kommen die poly preise richtig runter...und 2/3 Q's spaeter ist wieder alles "ok"....
allerdings moechte ich nicht die person sein die Solar aktien in den 2/3 Q's haelt....weil das wird ein echtes blutbad (und dann muss man die richtigen haben) wie du schon sagst - in dem sich die komplette deutsche solar industrie verabschieden wird (vielleicht bleiben ein paar ueber...SW/SMA...obwohl SW alles dafuer tut sein geld aus dem fenster rauszuwerfen...nice share repo program
)....ich verliere mich jetzt schon wieder in all moeglichen gedanken/situationen die durch die jahre eingetreten sind....aber auf dem punkt zu kommen ich glaube es wird dazu fuehren, wenn die cap nicht zu radikal ist, das es ein paar Q's ein echtes blutbad gibt...und dann kommen einige wieder...allerdings nicht annaehrend so viele wie 2009...weil aus der krise haben es ja sehr sehr viele geschafft...
was hast du den fuer demand 2011 und 2012....ich habe 16100 (5500 Deutschland) MW und 20500 (6050 Deutschland) MW...und jetzt in 2012 sagt Deutschland wir machen nur noch 2 GW....also dass das aufgefangen wird vom globalen markt kann ich mir nicht vorstellen...allerdings weiss ich auch nicht welche produktionskosten die industrie zu der zeit hat....vielleicht ist es ja auch so das in 2012/2013 deutschland garnicht mehr so relevant ist weil die ASP's so starck gefallen sind...aber darauf wuerde ich persoenlich nicht setzen....naja umso frueher die cap kommt in deutschland umso schlimmer fuer die industrie...2011 waere zb viel schlimmer als 2013 nach meiner meinung!
ueberigens gibt es ja auch den "joker", die Gruenen....was die in umfragen holen ist ja der wahnsinn....wer weiss wo sich die politik hinbewegt....
naja wie auch immer...habe mich oefters mal in meinen post in meinen gedanken verloren - entschuldige...und man koennte wohl ohne jedes problem 20 seiten drueber schreiben was eintreten koennte oder auch nicht....das reicht fuers erste
GO VNP GO mfg CW
Antwort auf Beitrag Nr.: 40.342.023 von dicki31785 am 18.10.10 16:01:10Schau mal bei GCL rein; Q3-Zahlen sind da.
aktuelle production cost $23,80 fürs Kilo...
aktuelle production cost $23,80 fürs Kilo...
Antwort auf Beitrag Nr.: 40.341.567 von R-BgO am 18.10.10 15:20:00ganz interessantes video...mfg CW
Antwort auf Beitrag Nr.: 40.367.362 von dicki31785 am 21.10.10 17:03:38diesmal auch mit Video :
http://www.renewableenergyworld.com/rea/news/podcast/2010/10…
:http://www.renewableenergyworld.com/rea/news/podcast/2010/10…
wenn man sich mal die gross margin bei FSLR anguckt macht ja eigentlich eine uebernahme mehr sinn als je zuvor oder wie siehst du das? mfg CW
5N PLUS INC.
Attention Business/Financial Editors
5N Plus Inc. Awarded $500,000 Funding from the State Energy Program of Wisconsin
MONTREAL, Oct. 20 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), a leading
producer and provider of high-purity metals and compounds for electronic
applications, announced that its wholly owned subsidiary, 5N Plus Corp, was
awarded $500,000 in funding from the State Energy Program of Wisconsin to
support equipment purchases directed at expanding its recycling activities and
to create a new jobs in DeForest, WI.
The 60,500 square-foot facility represents an investment of over $4
million and will be operational in the coming weeks. The facility will
recycle solar modules and manufacture specialty compounds for thin-film PV
applications.Nicholas Audet, Vice President of 5N Plus, said "This new facility is an important milestone for 5N Plus as it expands its footprint in the
United States. The DeForest plant enables us to recycle solar panels and to
provide cradle-to-cradle solutions to the PV industry. We are thankful to the
State Energy Program of Wisconsin for their support of 5N Plus Corp."
About 5N Plus Inc. 5N Plus Inc. draws its name from the purity of its
products, 99.999% (five nines or 5N) and more. 5N Plus is a fully integrated
producer and closed-loop recycler of highly purified metals and compounds. We
use a range of proprietary and proven technologies to produce metals such as
tellurium, cadmium, germanium, indium, antimony, selenium and related
compounds such as cadmium telluride, cadmium sulphide and indium antimonide.
Our products are critical precursors that customers use in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaic) market, for which we are a major supplier of CdTe, as well as
the radiation detector and infrared markets.
Attention Business/Financial Editors
5N Plus Inc. Awarded $500,000 Funding from the State Energy Program of Wisconsin
MONTREAL, Oct. 20 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), a leading
producer and provider of high-purity metals and compounds for electronic
applications, announced that its wholly owned subsidiary, 5N Plus Corp, was
awarded $500,000 in funding from the State Energy Program of Wisconsin to
support equipment purchases directed at expanding its recycling activities and
to create a new jobs in DeForest, WI.
The 60,500 square-foot facility represents an investment of over $4
million and will be operational in the coming weeks. The facility will
recycle solar modules and manufacture specialty compounds for thin-film PV
applications.Nicholas Audet, Vice President of 5N Plus, said "This new facility is an important milestone for 5N Plus as it expands its footprint in the
United States. The DeForest plant enables us to recycle solar panels and to
provide cradle-to-cradle solutions to the PV industry. We are thankful to the
State Energy Program of Wisconsin for their support of 5N Plus Corp."
About 5N Plus Inc. 5N Plus Inc. draws its name from the purity of its
products, 99.999% (five nines or 5N) and more. 5N Plus is a fully integrated
producer and closed-loop recycler of highly purified metals and compounds. We
use a range of proprietary and proven technologies to produce metals such as
tellurium, cadmium, germanium, indium, antimony, selenium and related
compounds such as cadmium telluride, cadmium sulphide and indium antimonide.
Our products are critical precursors that customers use in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaic) market, for which we are a major supplier of CdTe, as well as
the radiation detector and infrared markets.
Die Solarwerte sind im Moment etwas schwach. Ich bin über StoppLoss mit gutem Gewinn rausgeflogen und nun wieder eingestiegen. Denn die Firma hat einen sehr hohen Marktanteil und große Projekte, die auch weiter zunehmen werden, wenn erst einmal die Rohstoffe noch teuer werden.
sieht so aus als wuerde uns die guidance von FSLR ordentlich aufwind bringen...mir soll es recht sein...mfg CW
schoener abschluss zum ende des jahres!!! Wuensche allen einen guten Rutsch!!! mfg CW
5N PLUS CONVERTS DEBENTURE TO SYLARUS TECHNOLOGIES, LLC ON OWNERSHIP AND MAJORITY INTEREST
MONTREAL, Jan. 10 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) a leading
producer and provider of high-purity metals, compounds and wafers for
electronic applications, announced today that it has agreed to convert the
US$3 million debenture provided to Sylarus Technologies, LLC of Saint George,
Utah on June 21, 2010 into a 66.67% majority interest. 5N Plus has also
agreed to provide additional funding of US$766,000 in the form of secured debt
to enable the repayment of short term debt contracted by Sylarus. In
addition, 5N Plus intends to support Sylarus capital expenditures, working
capital requirements and development expenses as needed. Sylarus is a leading
producer of germanium substrates for solar cells and an important customer of
5N Plus' subsidiary Firebird Technologies that provides high-purity germanium
feedstock and corresponding recycling services for various germanium
containing residues. 5N Plus' Jean Bernier will act as General Manager of
Sylarus until further notice.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "We
are excited by the opportunities that Sylarus brings to the group through
their unique product offering. They are one of the very few germanium
substrate manufacturers qualified for space applications and are well
positioned to take advantage of the anticipated growth in concentrator
photovoltaics for terrestrial applications. 5N Plus is now one of the leading
producers of germanium with a full range of related products for the infrared
optics, LED and photovoltaic markets as a result of Firebird's product
portfolio and supply agreements with Teck Metals. Although the acquisition of
Sylarus is not expected to be immediately accretive, as Sylarus gradually
ramps up production and completes its development work, we expect that within
a 24 month-period it will have a positive impact on the earnings of the group.
We welcome the Sylarus employees into the 5N Plus group and assure them of our
support as they strive to bring Sylarus to the next level."
MONTREAL, Jan. 10 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) a leading
producer and provider of high-purity metals, compounds and wafers for
electronic applications, announced today that it has agreed to convert the
US$3 million debenture provided to Sylarus Technologies, LLC of Saint George,
Utah on June 21, 2010 into a 66.67% majority interest. 5N Plus has also
agreed to provide additional funding of US$766,000 in the form of secured debt
to enable the repayment of short term debt contracted by Sylarus. In
addition, 5N Plus intends to support Sylarus capital expenditures, working
capital requirements and development expenses as needed. Sylarus is a leading
producer of germanium substrates for solar cells and an important customer of
5N Plus' subsidiary Firebird Technologies that provides high-purity germanium
feedstock and corresponding recycling services for various germanium
containing residues. 5N Plus' Jean Bernier will act as General Manager of
Sylarus until further notice.
5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "We
are excited by the opportunities that Sylarus brings to the group through
their unique product offering. They are one of the very few germanium
substrate manufacturers qualified for space applications and are well
positioned to take advantage of the anticipated growth in concentrator
photovoltaics for terrestrial applications. 5N Plus is now one of the leading
producers of germanium with a full range of related products for the infrared
optics, LED and photovoltaic markets as a result of Firebird's product
portfolio and supply agreements with Teck Metals. Although the acquisition of
Sylarus is not expected to be immediately accretive, as Sylarus gradually
ramps up production and completes its development work, we expect that within
a 24 month-period it will have a positive impact on the earnings of the group.
We welcome the Sylarus employees into the 5N Plus group and assure them of our
support as they strive to bring Sylarus to the next level."
Press Release Source: 5N PLUS INC. On Tuesday January 11, 2011, 6:37 pm EST
MONTREAL, Jan. 11 /CNW Telbec/ - 5N Plus Inc. (Toronto:VNP.TO), a leading producer and provider of high-purity metals, compounds and wafers for electronic applications, today reported financial results for its second quarter ended November 30, 2010.
Sales for the second quarter ended November 30, 2010 increased by 24.8% to $19,667,879 compared to $15,753,445 for the second quarter of fiscal year 2010. For the six-month period ended November 30, 2010, sales increased by 20.8% to $38,438,107 compared to $31,806,665 for the same period last year.
Net earnings from continuing operations for the second quarter ended November 30, 2010 were $4,019,263 ($0.09 per share) representing a 18.1% increase over net earnings from continuing operations of $3,403,782 ($0.07 per share) for the same period last year.
EBITDA(1) were $6,220,342 or 31.6% of sales compared to $5,534,827 or 35.1% of sales for the second quarter of the previous fiscal year.
The backlog(2) of orders expected to translate into sales over the following twelve months stood at $62,596,156 compared to $53,268,296 one year earlier. Changes in currency exchange rates had an adverse impact of approximately $6.4 million on the backlog.
Shareholders' equity increased during the quarter to $134,375,395 up from $125,678,537 as at May 31, 2010. Cash and cash equivalents were $54,748,840 as at November 30, 2010 compared to $65,992,321 as at May 31, 2010.
Jacques L'Ecuyer, President and Chief Executive Officer, said "Our record backlog expanding by 18% in the past year reflects the continuing strengthening of our base business. This is our fourth consecutive quarter in which sales and earnings have reached respectively in the $19 million and $4 million ranges, despite the appreciation of the Canadian dollar and some competitive pressures on margins."
Mr. L'Ecuyer continued, "We continue to expect further strengthening of our base business, especially in the solar sector, as our main customer in this market continues to grow and to demonstrate leadership in terms of cost effectiveness. Developments made by our other customers in this market remain encouraging and we were particularly delighted in this respect to hear of the recent announcement made by the US department of Energy concerning the $400 million loan guarantee granted to Abound Solar. Now that our new photovoltaic module recycling facility in Wisconsin is operational, we believe that we are uniquely positioned to service all of these customers and take advantage of the resulting anticipated growth in this market segment."
Mr. L'Ecuyer added, "As for our Firebird subsidiary, we are making steady progress in the construction of our new facility in Trail which is now almost complete. We expect the facility to be fully commissioned during the fourth quarter of the current fiscal year and Firebird to begin generating significant germanium related revenues in the first quarter of fiscal 2012. Together with the investment made in Sylarus and announced recently, this will form the basis of our germanium related activities and position us as one of the leading producers of germanium products for electronic applications."
Mr. L'Ecuyer concluded, "We would like to thank our employees for another good quarter overall and assure them and our other stakeholders that we remain committed to our growth plan which calls for diversification of our product offering and accretive acquisitions enabling us to position ourselves as the leading producer of electronic materials."
The unaudited consolidated financial statements of 5N Plus, as well as the Management's Report for the second quarter ended November 30, 2010, are available on the 5N Plus website, at www.5nplus.com and at www.sedar.com.
http://www.5nplus.com/uploads/2011/T2/Final_FS301110.pdf
MONTREAL, Jan. 11 /CNW Telbec/ - 5N Plus Inc. (Toronto:VNP.TO), a leading producer and provider of high-purity metals, compounds and wafers for electronic applications, today reported financial results for its second quarter ended November 30, 2010.
Sales for the second quarter ended November 30, 2010 increased by 24.8% to $19,667,879 compared to $15,753,445 for the second quarter of fiscal year 2010. For the six-month period ended November 30, 2010, sales increased by 20.8% to $38,438,107 compared to $31,806,665 for the same period last year.
Net earnings from continuing operations for the second quarter ended November 30, 2010 were $4,019,263 ($0.09 per share) representing a 18.1% increase over net earnings from continuing operations of $3,403,782 ($0.07 per share) for the same period last year.
EBITDA(1) were $6,220,342 or 31.6% of sales compared to $5,534,827 or 35.1% of sales for the second quarter of the previous fiscal year.
The backlog(2) of orders expected to translate into sales over the following twelve months stood at $62,596,156 compared to $53,268,296 one year earlier. Changes in currency exchange rates had an adverse impact of approximately $6.4 million on the backlog.
Shareholders' equity increased during the quarter to $134,375,395 up from $125,678,537 as at May 31, 2010. Cash and cash equivalents were $54,748,840 as at November 30, 2010 compared to $65,992,321 as at May 31, 2010.
Jacques L'Ecuyer, President and Chief Executive Officer, said "Our record backlog expanding by 18% in the past year reflects the continuing strengthening of our base business. This is our fourth consecutive quarter in which sales and earnings have reached respectively in the $19 million and $4 million ranges, despite the appreciation of the Canadian dollar and some competitive pressures on margins."
Mr. L'Ecuyer continued, "We continue to expect further strengthening of our base business, especially in the solar sector, as our main customer in this market continues to grow and to demonstrate leadership in terms of cost effectiveness. Developments made by our other customers in this market remain encouraging and we were particularly delighted in this respect to hear of the recent announcement made by the US department of Energy concerning the $400 million loan guarantee granted to Abound Solar. Now that our new photovoltaic module recycling facility in Wisconsin is operational, we believe that we are uniquely positioned to service all of these customers and take advantage of the resulting anticipated growth in this market segment."
Mr. L'Ecuyer added, "As for our Firebird subsidiary, we are making steady progress in the construction of our new facility in Trail which is now almost complete. We expect the facility to be fully commissioned during the fourth quarter of the current fiscal year and Firebird to begin generating significant germanium related revenues in the first quarter of fiscal 2012. Together with the investment made in Sylarus and announced recently, this will form the basis of our germanium related activities and position us as one of the leading producers of germanium products for electronic applications."
Mr. L'Ecuyer concluded, "We would like to thank our employees for another good quarter overall and assure them and our other stakeholders that we remain committed to our growth plan which calls for diversification of our product offering and accretive acquisitions enabling us to position ourselves as the leading producer of electronic materials."
The unaudited consolidated financial statements of 5N Plus, as well as the Management's Report for the second quarter ended November 30, 2010, are available on the 5N Plus website, at www.5nplus.com and at www.sedar.com.
http://www.5nplus.com/uploads/2011/T2/Final_FS301110.pdf
Antwort auf Beitrag Nr.: 40.845.153 von dicki31785 am 12.01.11 10:14:19is' genehmigt...
Antwort auf Beitrag Nr.: 40.845.382 von R-BgO am 12.01.11 10:39:00schon wieder nicht zweistellig habe eher mit 50 cent FY gerechnet...nach .17 cent in den ersten sechs monaten scheint das ein wenig schwieriger zu werden...schaun wir mal...mfg CW
habe eher mit 50 cent FY gerechnet...nach .17 cent in den ersten sechs monaten scheint das ein wenig schwieriger zu werden...schaun wir mal...mfg CW
Antwort auf Beitrag Nr.: 40.845.550 von dicki31785 am 12.01.11 11:00:22The backlog of orders expected to translate into sales over the following twelve months stood at $62,596,156 compared to $53,268,296 one year earlier. Changes in currency exchange rates had an adverse impact of approximately $6.4 million on the backlog.
weida gäht's:
5N Plus Inc. Signs New Long-Term Agreements with First Solar, Inc. and Announces Plans for New Recycling Facility in Malaysia
MONTREAL, Feb. 3 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), a leading
producer and provider of high-purity metals, compounds and wafers for
electronic applications, announced today that it has signed a new recycling
agreement and three new supply agreements with First Solar, Inc., a global
leader in solar photovoltaic technology. The new agreements, which run until
December 31st, 2015, replace the original recycling and supply agreements
between 5N Plus and First Solar, as amended.
Under the new agreements, First Solar has agreed to increase the minimum
prescribed quantities of cadmium telluride (CdTe) that it will order from 5N
Plus. The increase in the quantity of cadmium telluride (CdTe) to be ordered
by First Solar will initially be 30% and will reach 60% by 2013, when compared
to the minimum quantities prescribed in the original agreements between 5N
Plus and First Solar.
5N Plus today also announced plans to build a new recycling plant in
Malaysia, in order to position itself to meet growing customer demand. The new
Malaysian plant, which is expected to be operational by mid-2012, is intended
to expand 5N Plus' recycling presence in Asia and provide recycling services
for various solar cell manufacturing by-products, including those produced by
First Solar.
"We are very pleased to have extended our relationship with First Solar,
the world's leading thin-film solar module manufacturer," said Jacques
L'Ecuyer, President and Chief Executive Officer of 5N Plus. "Our new
agreements with First Solar will provide us with a solid and predictable
revenue stream for the next five years and allow us to enhance our presence in
the rapidly growing Asian market."
5N Plus Inc. Signs New Long-Term Agreements with First Solar, Inc. and Announces Plans for New Recycling Facility in Malaysia
MONTREAL, Feb. 3 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), a leading
producer and provider of high-purity metals, compounds and wafers for
electronic applications, announced today that it has signed a new recycling
agreement and three new supply agreements with First Solar, Inc., a global
leader in solar photovoltaic technology. The new agreements, which run until
December 31st, 2015, replace the original recycling and supply agreements
between 5N Plus and First Solar, as amended.
Under the new agreements, First Solar has agreed to increase the minimum
prescribed quantities of cadmium telluride (CdTe) that it will order from 5N
Plus. The increase in the quantity of cadmium telluride (CdTe) to be ordered
by First Solar will initially be 30% and will reach 60% by 2013, when compared
to the minimum quantities prescribed in the original agreements between 5N
Plus and First Solar.
5N Plus today also announced plans to build a new recycling plant in
Malaysia, in order to position itself to meet growing customer demand. The new
Malaysian plant, which is expected to be operational by mid-2012, is intended
to expand 5N Plus' recycling presence in Asia and provide recycling services
for various solar cell manufacturing by-products, including those produced by
First Solar.
"We are very pleased to have extended our relationship with First Solar,
the world's leading thin-film solar module manufacturer," said Jacques
L'Ecuyer, President and Chief Executive Officer of 5N Plus. "Our new
agreements with First Solar will provide us with a solid and predictable
revenue stream for the next five years and allow us to enhance our presence in
the rapidly growing Asian market."
5N Plus Inc. To Acquire MCP Group SA
8:53am EST
5N Plus Inc. (Corporation) announced that it has entered into a definitive Acquisition Agreement with the shareholders of MCP Group SA (MCP) to acquire substantially all of the outstanding shares of MCP (Transaction). Pursuant to the Acquisition Agreement, the shares of MCP will be purchased for a cash consideration of EUR105.8 million (CAD141.8 million), a promissory note to the vendors of EUR61.9 million (CAD82.9 million) and approximately 11.4 million common shares of the Corporation to be issued to the vendors. Headquartered in Belgium, MCP is a private company created in September 2007 following a merger between MCP Aramayo Ltd. and Sidech SA, two worldwide specialty metal players.The Transaction is expected to close in mid-April 2011. The Transaction has been unanimously approved by the Boards of Directors of 5N Plus and MCP and is subject to selected confirmatory due diligence, regulatory approvals and customary closing conditions. 5N Plus was advised by National Bank Financial Inc. and legal advice was provided by Heenan Blaikie LLP.
8:53am EST
5N Plus Inc. (Corporation) announced that it has entered into a definitive Acquisition Agreement with the shareholders of MCP Group SA (MCP) to acquire substantially all of the outstanding shares of MCP (Transaction). Pursuant to the Acquisition Agreement, the shares of MCP will be purchased for a cash consideration of EUR105.8 million (CAD141.8 million), a promissory note to the vendors of EUR61.9 million (CAD82.9 million) and approximately 11.4 million common shares of the Corporation to be issued to the vendors. Headquartered in Belgium, MCP is a private company created in September 2007 following a merger between MCP Aramayo Ltd. and Sidech SA, two worldwide specialty metal players.The Transaction is expected to close in mid-April 2011. The Transaction has been unanimously approved by the Boards of Directors of 5N Plus and MCP and is subject to selected confirmatory due diligence, regulatory approvals and customary closing conditions. 5N Plus was advised by National Bank Financial Inc. and legal advice was provided by Heenan Blaikie LLP.
http://www.mcp-group.com/about.html
About Us
The MCP Group SA was created in September 2007 following a merger between MCP Aramayo Ltd and Sidech SA, both major players in the world of minor metals. The new MCP Group has a major involvement in other strategic metals markets notably Indium, Gallium, Selenium and Tellurium. In 2008 the MCP Group's turnover was Euros 260 million with a workforce of 350 people worldwide in 8 production sites and 14 commercial offices across 4 continents.
Started in 1863 in Bolivia, MCP Aramayo has a long history of providing metals and chemicals at the most affordable prices. Mining and Chemical Products Limited (MCP UK) was formed in London in 1929 to take over the refining and marketing of Aramayo Bismuth in Europe. When the Company's mines in Bolivia were nationalized in 1952, MCP UK became the focus for global expansion of the Group, and following ventures into Pure Drugs with MCP HEK in Germany, Electronic Materials at MCP UK and Component Distribution through a worldwide network of Group Offices and Independent Agents; MCP has crystallized into the Group we know today.
As early as 1950, Sidech innovated in chemical processing of bismuth-containing residues. The construction of four furnaces for Comibol at Telemayu in the Bolivian Altiplano in the 1970's established Sidech's unique knowledge of the metallurgy of bismuth. In 1972, Comibol and Sidech, joined by other producers, founded the Bismuth Institute. This non-profit association of world producers still offers continuous support for potential producers or users of bismuth.
Today, Sidech's expertise in chemical and metallurgical processes enables the treatment of lead-bismuth alloys from lead refineries as well as concentrates, bullion and all types of residues to extract bismuth in the most effective way.
Now that these two global minor metal experts have merged, the new corporate entity is undoubtedly the leader in the market for Bismuth and its bi-products with over 60% market share worldwide.
International Presence and Customer Service
From MCP's earliest days as Bismuth specialists a global approach to distribution and marketing has been called for. An International presence is important as well for raw material purchasing and trade in scrap and residues. Our local companies and agents have become a key factor in our determination to provide unequalled customer service and rapid supply from these local warehouses.
Market Leading Initiatives
The Groups' central laboratories have been expanded and re-equipped and are now housed in a state-of-art facility in UK and coupled with Sidech's own labs in Belgium provide an unrivalled service to the MCP Group companies. Quality control is at the heart of every successful business and MCP's specialist High Purity Metals unit, now directly linked to the Laboratory for optimum control, is a fine example of this philosophy.
MCP also provides an extensive Recycling Service able to handle basic and extremely complex scraps by leveraging its Global Presence and Reputation to ensure the maximum value for your excess materials while helping you avoid costly disposal costs and impact on the environment.
About Us
The MCP Group SA was created in September 2007 following a merger between MCP Aramayo Ltd and Sidech SA, both major players in the world of minor metals. The new MCP Group has a major involvement in other strategic metals markets notably Indium, Gallium, Selenium and Tellurium. In 2008 the MCP Group's turnover was Euros 260 million with a workforce of 350 people worldwide in 8 production sites and 14 commercial offices across 4 continents.
Started in 1863 in Bolivia, MCP Aramayo has a long history of providing metals and chemicals at the most affordable prices. Mining and Chemical Products Limited (MCP UK) was formed in London in 1929 to take over the refining and marketing of Aramayo Bismuth in Europe. When the Company's mines in Bolivia were nationalized in 1952, MCP UK became the focus for global expansion of the Group, and following ventures into Pure Drugs with MCP HEK in Germany, Electronic Materials at MCP UK and Component Distribution through a worldwide network of Group Offices and Independent Agents; MCP has crystallized into the Group we know today.
As early as 1950, Sidech innovated in chemical processing of bismuth-containing residues. The construction of four furnaces for Comibol at Telemayu in the Bolivian Altiplano in the 1970's established Sidech's unique knowledge of the metallurgy of bismuth. In 1972, Comibol and Sidech, joined by other producers, founded the Bismuth Institute. This non-profit association of world producers still offers continuous support for potential producers or users of bismuth.
Today, Sidech's expertise in chemical and metallurgical processes enables the treatment of lead-bismuth alloys from lead refineries as well as concentrates, bullion and all types of residues to extract bismuth in the most effective way.
Now that these two global minor metal experts have merged, the new corporate entity is undoubtedly the leader in the market for Bismuth and its bi-products with over 60% market share worldwide.
International Presence and Customer Service
From MCP's earliest days as Bismuth specialists a global approach to distribution and marketing has been called for. An International presence is important as well for raw material purchasing and trade in scrap and residues. Our local companies and agents have become a key factor in our determination to provide unequalled customer service and rapid supply from these local warehouses.
Market Leading Initiatives
The Groups' central laboratories have been expanded and re-equipped and are now housed in a state-of-art facility in UK and coupled with Sidech's own labs in Belgium provide an unrivalled service to the MCP Group companies. Quality control is at the heart of every successful business and MCP's specialist High Purity Metals unit, now directly linked to the Laboratory for optimum control, is a fine example of this philosophy.
MCP also provides an extensive Recycling Service able to handle basic and extremely complex scraps by leveraging its Global Presence and Reputation to ensure the maximum value for your excess materials while helping you avoid costly disposal costs and impact on the environment.
ein TRAUM!!!!!! Und wir sind immer noch alleine mfg CW
mfg CW
5N Plus makes game-changing acquisition
Shares of 5N Plus Inc. (VNP/TSX) climbed above $10 on Tuesday, marking a two-day gain of more than 25%, after the high-purity metals producer agreed to buy MCP Group SA for $315.9-million.
Calling the deal a “game changer,” Stonecap Securities analyst Michael Goldberg told clients that MCP has a major involvement in many of the same strategic metals markets as 5N. These include indium, gallium, selenium and tellurium, while roughly 40% of MCP’s revenues are derived from bismuth products.
MCP generated approximately $462-million of revenue and $47-million of EBITDA in 2010, which is significantly more than 5N at $77-million and $26-million, respectively, in the past 12 months.
Based on Mr. Goldberg’s estimates, 5N is more than quadrupling its revenue and more than doubling its EBITDA in fiscal 2012 with this acquisition.
Prior to the deal, the analyst had First Solar Inc. contributing about 66% of 5N’s revenue. However, following the integration of MCP, he thinks First Solar’s contribution to sales will fall dramatically to as little as 10%.
“Due to the increased global scale, the reduced customer concentration, the attractive purchase price, and the use of leverage in its capital structure going forward, we believe this transaction is extremely beneficial to VNP shareholders,” Mr. Goldberg said in a research note, hiking his price target on the stock to $10.75 from $9.00.
Shares of 5N Plus Inc. (VNP/TSX) climbed above $10 on Tuesday, marking a two-day gain of more than 25%, after the high-purity metals producer agreed to buy MCP Group SA for $315.9-million.
Calling the deal a “game changer,” Stonecap Securities analyst Michael Goldberg told clients that MCP has a major involvement in many of the same strategic metals markets as 5N. These include indium, gallium, selenium and tellurium, while roughly 40% of MCP’s revenues are derived from bismuth products.
MCP generated approximately $462-million of revenue and $47-million of EBITDA in 2010, which is significantly more than 5N at $77-million and $26-million, respectively, in the past 12 months.
Based on Mr. Goldberg’s estimates, 5N is more than quadrupling its revenue and more than doubling its EBITDA in fiscal 2012 with this acquisition.
Prior to the deal, the analyst had First Solar Inc. contributing about 66% of 5N’s revenue. However, following the integration of MCP, he thinks First Solar’s contribution to sales will fall dramatically to as little as 10%.
“Due to the increased global scale, the reduced customer concentration, the attractive purchase price, and the use of leverage in its capital structure going forward, we believe this transaction is extremely beneficial to VNP shareholders,” Mr. Goldberg said in a research note, hiking his price target on the stock to $10.75 from $9.00.
Antwort auf Beitrag Nr.: 41.135.211 von dicki31785 am 02.03.11 18:10:59Na ja; ist aber schon ein ziemlich großer Brocken...
Antwort auf Beitrag Nr.: 41.137.357 von R-BgO am 03.03.11 00:44:18deswegen KE:
March 21 (Reuters) - 5n Plus Inc:
* Announces $125.0 million bought-deal new issue of subscription receipts
* Says subscription receipts will be issued at a price of $9.20 per share
* To use proceeds to fund a portion of the purchase price of its
previously-announced acquisition of mcp group sa
March 21 (Reuters) - 5n Plus Inc:
* Announces $125.0 million bought-deal new issue of subscription receipts
* Says subscription receipts will be issued at a price of $9.20 per share
* To use proceeds to fund a portion of the purchase price of its
previously-announced acquisition of mcp group sa
Antwort auf Beitrag Nr.: 41.244.403 von R-BgO am 21.03.11 21:42:58$125 million bought-deal new issue of subscription receipts
soll das bedeuten das jeder das aktionaer das recht hat die KE zu Zeichnen...das waere ja ziehmlich fair im vergleich zu dem was die meisten chinesen machen...oder verstehe ich hier was falsch?
Eine KE stoert mich nicht wirklich...nur kann ich mir noch nicht 100% vorstellen wie das unternehmen in der zukunft aussieht...weiss nicht ob du den CC zum takeover die angehoert hast...aber jacques hatte auch auf die eine oder andere frage nicht die besten antworten...zumindest habe ich das so empfunden...
was ich allerdings ganz interessant fand ist das FSLR diesen CIGS hersteller gekauft hat...fuer die jungs scheint ja CIGS die zukunft zu sein...wenn man bedenkt das sie auch selber im relativ grossen stil daran forschen...
denke so gesehen ist die uebernahme sinnvoll...aber manche geschaeftsfelder von der MCP passen nach meiner meinung nicht so 100% zu VNP oder wie siehst du das? Aber vielleicht darf man auch nicht an der alten VNP klammern...trotzdem die $9 CAD waere nach meiner meinung sowieso dieses jahr gekommen dafuer haette man keine MCP kaufen muessen....naja warten wir es mal ab...mfg CW
ps wenn ich mitzeichnen kann werde ich das warscheinlich tun.
soll das bedeuten das jeder das aktionaer das recht hat die KE zu Zeichnen...das waere ja ziehmlich fair im vergleich zu dem was die meisten chinesen machen...oder verstehe ich hier was falsch?
Eine KE stoert mich nicht wirklich...nur kann ich mir noch nicht 100% vorstellen wie das unternehmen in der zukunft aussieht...weiss nicht ob du den CC zum takeover die angehoert hast...aber jacques hatte auch auf die eine oder andere frage nicht die besten antworten...zumindest habe ich das so empfunden...
was ich allerdings ganz interessant fand ist das FSLR diesen CIGS hersteller gekauft hat...fuer die jungs scheint ja CIGS die zukunft zu sein...wenn man bedenkt das sie auch selber im relativ grossen stil daran forschen...
denke so gesehen ist die uebernahme sinnvoll...aber manche geschaeftsfelder von der MCP passen nach meiner meinung nicht so 100% zu VNP oder wie siehst du das? Aber vielleicht darf man auch nicht an der alten VNP klammern...trotzdem die $9 CAD waere nach meiner meinung sowieso dieses jahr gekommen dafuer haette man keine MCP kaufen muessen....naja warten wir es mal ab...mfg CW
ps wenn ich mitzeichnen kann werde ich das warscheinlich tun.
ist GE eigentlich auch einer unserer kunden? mfg CW
5N Plus Inc. Reports Third Quarter Results for Fiscal Year 2011 and Record Sales and Backlog Levels
MONTREAL, April 11 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP), a leading
producer of specialty metal and chemical products, today reported financial
results for its third quarter ended February 28, 2011, in which sales and
backlog reached record levels.
Sales for the third quarter ended February 28, 2011 increased by 7% to an
historical high of $20,582,100 compared to $19,227,127 for the third quarter
of fiscal year 2010. For the nine-month period ended February 28, 2011, sales
increased by 15.6% to $59,020,206 compared to $51,033,792 for the same period
last year.
The backlog of orders expected to translate into sales over the next
twelve months also reached a record level of $71,244,746 as at February 28,
2011, which is 32.4% higher than the corresponding backlog of $53,791,253 one
year earlier. Changes in currency exchange rates had an adverse impact of
approximately $5.7 million on the backlog.
Gross profit reached $8,651,719 or 42.0% of sales compared to $8,203,533
or 42.7% of sales for the third quarter of the previous fiscal year. For the
nine-month period ended February 28, 2011, gross profit increased to
$25,866,213 or 43.8% of sales, up from $23,181,344 or 45.4% of sales for the
same period last year.
EBITDA reached $5,979,533 or 29.1% of sales compared to $6,262,328 or
32.6% of sales for the third quarter of the previous fiscal year. EBITDA was
adversely affected by (i) SG&A expenses related to the acquisition of MCP
Group SA and the acquisition of Sylarus Technologies, LLC, 5N Plus' new
facility in Wisconsin and its new Malaysian facility, incurred without 5N Plus
yet benefitting from the full revenue potential of these four new initiatives;
and (ii) a $536,426 increase in research and development expenses. For the
nine-month period ended February 28, 2011, EBITDA were $17,602,029 or 29.8% of
sales compared to $16,716,819 or 32.7% of sales for the same period last year.
Adjusted net earnings (to exclude foreign exchange gains and losses and
results of derivative instruments) for the third quarter ended February 28,
2011 reached $3,694,303 ($0.08 per share), representing a 0.3% decrease over
adjusted net earnings of $3,705,497 ($0.08 per share) for the same period last
year. For the nine-month period ended February 28, 2011, adjusted net earnings
increased by 13.1% to $11,137,412 ($0.24 per share) compared to $9,845,642
($0.22 per share) for the same period last year.
Shareholders' equity increased during the quarter to $136,895,063, up
from $125,678,537 as at May 31, 2010. Cash and cash equivalents were
$42,758,819 as at February 28, 2011, down from $63,992,321 as at May 31, 2010,
mainly due to a strategic increase in inventories of approximately $21 million
and capital expenditures totalling approximately $15 million primarily related
to Firebird Technologies' new facility and the new plant in Wisconsin.
On January 10, 2011, the US$3 million convertible note previously
provided by 5N Plus to Sylarus Technologies, a producer of germanium
substrates for solar cells, was converted into a 66.67% majority interest that
5N Plus now owns.
On February 3, 2011, 5N Plus announced the signature of new long-term
supply agreements with First Solar, Inc. extending until December 31, 2015,
and plans to build a new recycling facility in Malaysia. The increase in the
quantity of cadmium telluride (CdTe) to be ordered by First Solar will
initially be 30% and will reach 60% by 2013, when compared to the minimum
quantities prescribed in the original agreements between 5N Plus and First
Solar. The new Malaysian plant is expected to be operational by mid-2012.
5N Plus also announces that it has completed a $50 million two-year
senior secured revolving facility with National Bank of Canada, as described
in 5N Plus' short form prospectus dated April 1, 2011. The revolving facility
will replace 5N Plus' existing $17.5 million revolving credit facility with
another Canadian bank, which is currently undrawn. 5N Plus intends to use the
new revolving facility for corporate purposes, including capital expenditures
and permitted acquisitions.
5N Plus also announced earlier today the completion of its acquisition of
MCP Group SA for $317 million and the closing of the associated "bought deal"
equity financing of 13,590,000 common shares at a price of $9.20 per share,
for total gross proceeds of $125 million.
Jacques L'Ecuyer, President and Chief Executive Officer, said "This has
been a very exciting and rewarding quarter for us as we made great progress in
the execution of our growth plan. First, in terms of our base business, we
announced new five-year agreements with our main customer First Solar which
now extend until December 31, 2015, superseding our previous agreements and
increasing by 30% to 60% the contracted volumes First Solar is committed to
purchase from us. This has greatly contributed to our record quarter in terms
of sales and backlog and provides a firm base for all of our organic growth
initiatives, which include, in addition to our other solar and medical-imaging
product initiatives, our germanium-related activities for which investments
are still underway. These initiatives include the construction of our new
facility in Trail, British Columbia and investments enabling us to acquire a
majority ownership in Sylarus, aimed at allowing us to develop a
germanium-wafer manufacturing capability for photovoltaic applications. Such
investments are expected to begin generating significant revenues in fiscal
2012 and should contribute to a further strengthening of our base business,
the outlook for which remains very promising."
Mr. L'Ecuyer continued, "We also announced earlier today the closing of
the acquisition of MCP Group, a transformational transaction enabling us to
become a global leader in the production and distribution of specialty metals.
This acquisition is both highly strategic, as it provides a means for business
diversification and further growth, and financially accretive. It is thus well
aligned with our vision of becoming a global leader in the production of
specialty metals for the clean technology markets."
Mr. L'Ecuyer concluded, "We would like to thank our employees and
shareholders for allowing us to execute on our growth plan during the quarter.
We are pleased to welcome our new colleagues from MCP Group into our team,
which is now theirs as well. Together we now form a stronger company that is
well positioned to grow and take advantage of opportunities in a number of
exciting new markets, including solar, light-emitting diodes and eco-friendly
materials."
The unaudited consolidated financial statements of 5N Plus as well as the
Management's Report for the third quarter ended February 28, 2011 are
available on the 5N Plus website, at www.5nplus.com and at www.sedar.com.
Webcast Information
The Company will host a conference call at 10:00 AM Eastern Time on
Tuesday, April 12, 2011 with financial analysts to discuss the third quarter
ended February 28, 2011. All interested parties are invited to participate in
the live broadcast on the company's Web site at www.5nplus.com. A replay of
the webcast and a recording of the Q&A will be available until April 29, 2011.
MONTREAL, April 11 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP), a leading
producer of specialty metal and chemical products, today reported financial
results for its third quarter ended February 28, 2011, in which sales and
backlog reached record levels.
Sales for the third quarter ended February 28, 2011 increased by 7% to an
historical high of $20,582,100 compared to $19,227,127 for the third quarter
of fiscal year 2010. For the nine-month period ended February 28, 2011, sales
increased by 15.6% to $59,020,206 compared to $51,033,792 for the same period
last year.
The backlog of orders expected to translate into sales over the next
twelve months also reached a record level of $71,244,746 as at February 28,
2011, which is 32.4% higher than the corresponding backlog of $53,791,253 one
year earlier. Changes in currency exchange rates had an adverse impact of
approximately $5.7 million on the backlog.
Gross profit reached $8,651,719 or 42.0% of sales compared to $8,203,533
or 42.7% of sales for the third quarter of the previous fiscal year. For the
nine-month period ended February 28, 2011, gross profit increased to
$25,866,213 or 43.8% of sales, up from $23,181,344 or 45.4% of sales for the
same period last year.
EBITDA reached $5,979,533 or 29.1% of sales compared to $6,262,328 or
32.6% of sales for the third quarter of the previous fiscal year. EBITDA was
adversely affected by (i) SG&A expenses related to the acquisition of MCP
Group SA and the acquisition of Sylarus Technologies, LLC, 5N Plus' new
facility in Wisconsin and its new Malaysian facility, incurred without 5N Plus
yet benefitting from the full revenue potential of these four new initiatives;
and (ii) a $536,426 increase in research and development expenses. For the
nine-month period ended February 28, 2011, EBITDA were $17,602,029 or 29.8% of
sales compared to $16,716,819 or 32.7% of sales for the same period last year.
Adjusted net earnings (to exclude foreign exchange gains and losses and
results of derivative instruments) for the third quarter ended February 28,
2011 reached $3,694,303 ($0.08 per share), representing a 0.3% decrease over
adjusted net earnings of $3,705,497 ($0.08 per share) for the same period last
year. For the nine-month period ended February 28, 2011, adjusted net earnings
increased by 13.1% to $11,137,412 ($0.24 per share) compared to $9,845,642
($0.22 per share) for the same period last year.
Shareholders' equity increased during the quarter to $136,895,063, up
from $125,678,537 as at May 31, 2010. Cash and cash equivalents were
$42,758,819 as at February 28, 2011, down from $63,992,321 as at May 31, 2010,
mainly due to a strategic increase in inventories of approximately $21 million
and capital expenditures totalling approximately $15 million primarily related
to Firebird Technologies' new facility and the new plant in Wisconsin.
On January 10, 2011, the US$3 million convertible note previously
provided by 5N Plus to Sylarus Technologies, a producer of germanium
substrates for solar cells, was converted into a 66.67% majority interest that
5N Plus now owns.
On February 3, 2011, 5N Plus announced the signature of new long-term
supply agreements with First Solar, Inc. extending until December 31, 2015,
and plans to build a new recycling facility in Malaysia. The increase in the
quantity of cadmium telluride (CdTe) to be ordered by First Solar will
initially be 30% and will reach 60% by 2013, when compared to the minimum
quantities prescribed in the original agreements between 5N Plus and First
Solar. The new Malaysian plant is expected to be operational by mid-2012.
5N Plus also announces that it has completed a $50 million two-year
senior secured revolving facility with National Bank of Canada, as described
in 5N Plus' short form prospectus dated April 1, 2011. The revolving facility
will replace 5N Plus' existing $17.5 million revolving credit facility with
another Canadian bank, which is currently undrawn. 5N Plus intends to use the
new revolving facility for corporate purposes, including capital expenditures
and permitted acquisitions.
5N Plus also announced earlier today the completion of its acquisition of
MCP Group SA for $317 million and the closing of the associated "bought deal"
equity financing of 13,590,000 common shares at a price of $9.20 per share,
for total gross proceeds of $125 million.
Jacques L'Ecuyer, President and Chief Executive Officer, said "This has
been a very exciting and rewarding quarter for us as we made great progress in
the execution of our growth plan. First, in terms of our base business, we
announced new five-year agreements with our main customer First Solar which
now extend until December 31, 2015, superseding our previous agreements and
increasing by 30% to 60% the contracted volumes First Solar is committed to
purchase from us. This has greatly contributed to our record quarter in terms
of sales and backlog and provides a firm base for all of our organic growth
initiatives, which include, in addition to our other solar and medical-imaging
product initiatives, our germanium-related activities for which investments
are still underway. These initiatives include the construction of our new
facility in Trail, British Columbia and investments enabling us to acquire a
majority ownership in Sylarus, aimed at allowing us to develop a
germanium-wafer manufacturing capability for photovoltaic applications. Such
investments are expected to begin generating significant revenues in fiscal
2012 and should contribute to a further strengthening of our base business,
the outlook for which remains very promising."
Mr. L'Ecuyer continued, "We also announced earlier today the closing of
the acquisition of MCP Group, a transformational transaction enabling us to
become a global leader in the production and distribution of specialty metals.
This acquisition is both highly strategic, as it provides a means for business
diversification and further growth, and financially accretive. It is thus well
aligned with our vision of becoming a global leader in the production of
specialty metals for the clean technology markets."
Mr. L'Ecuyer concluded, "We would like to thank our employees and
shareholders for allowing us to execute on our growth plan during the quarter.
We are pleased to welcome our new colleagues from MCP Group into our team,
which is now theirs as well. Together we now form a stronger company that is
well positioned to grow and take advantage of opportunities in a number of
exciting new markets, including solar, light-emitting diodes and eco-friendly
materials."
The unaudited consolidated financial statements of 5N Plus as well as the
Management's Report for the third quarter ended February 28, 2011 are
available on the 5N Plus website, at www.5nplus.com and at www.sedar.com.
Webcast Information
The Company will host a conference call at 10:00 AM Eastern Time on
Tuesday, April 12, 2011 with financial analysts to discuss the third quarter
ended February 28, 2011. All interested parties are invited to participate in
the live broadcast on the company's Web site at www.5nplus.com. A replay of
the webcast and a recording of the Q&A will be available until April 29, 2011.
Antwort auf Beitrag Nr.: 41.333.599 von dicki31785 am 07.04.11 13:19:18möglicherweise; Z'itat aus GB 2009:
Capturing new business
While one U.S.-based manufacturer dominates
the solar cell market we serve, other North
American and European companies are
coming on board. We’re well placed to capture
new business from these entrants, which
include Calyxo, Abound Solar, PrimeStar Solar
and Arendi. 5N Plus has three strategic
advantages: First, we already command
the lion’s share of this market and have
an unblemished reputation for quality and
purity.
Capturing new business
While one U.S.-based manufacturer dominates
the solar cell market we serve, other North
American and European companies are
coming on board. We’re well placed to capture
new business from these entrants, which
include Calyxo, Abound Solar, PrimeStar Solar
and Arendi. 5N Plus has three strategic
advantages: First, we already command
the lion’s share of this market and have
an unblemished reputation for quality and
purity.
geclosed wurde auch:
5N Plus Inc. Completes the Acquisition of MCP Group SA and a $125 Million Equity Financing
- 5N Plus acquires 100% of MCP Group SA, the world’s leading producer and distributor of bismuth and bismuth chemicals and an important player in other specialty metals
- Issues 13,590,000 shares at $9.20 per share in “bought‐deal” public offering This release is intended for distribution in Canada only and is not intended for distribution to United States
newswire services or for dissemination in the United States
Montreal, Québec, April 11, 2011 – 5N Plus Inc. (TSX:VNP) today completed its previously‐announced acquisition of MCP Group SA and “bought deal” public offering of 13,590,000 common shares at a price of $9.20 per share, for total proceeds to 5N Plus of $125 million.
“We are delighted to have completed the acquisition of MCP”, said Jacques L’Écuyer, President and Chief Executive Officer of 5N Plus. “We look forward to working with MCP in order to expand 5N Plus’ product offering and establish a worldwide manufacturing and distribution platform.”
MCP, headquartered in Tilly, Belgium, is the world’s leading producer and distributor of bismuth and bismuth chemicals, with a market share that MCP estimates to be more than 50%, and an important player in other specialty metals, including gallium, indium, selenium and tellurium. MCP’s products are used in a variety of products, mainly related to industrial and electronic applications. MCP employs approximately 400 people in its nine production sites and 15 commercial offices across Europe, Asia and the United States.
In connection with the acquisition, Frank Fache, co‐Chief Executive Officer of MCP, will be appointed to the Board of Directors of 5N Plus, which will be comprised of six directors. Laurent Raskin, also co‐Chief Executive Officer of MCP, is expected to join 5N Plus’ Board of Directors at the next annual meeting of shareholders. Messrs. Fache and Raskin will be appointed Executive Vice‐Presidents of 5N Plus, and will report directly to Jacques L’Écuyer, President and Chief Executive Officer of 5N Plus.
At the closing of the acquisition, 5N Plus acquired all of the issued and outstanding shares of MCP for: (i) a cash consideration of €105,793,548 (equal to approximately CDN$142.8 million as of February 25, 2011, the last business day before the date of the Acquisition Agreement among 5N Plus and MCP and its shareholders); (ii) promissory notes to the selling shareholders of MCP in an aggregate amount of €46,908,459 (equal to approximately CDN$63.3 million as of February 25, 2011); and (iii) 11,377,797 common shares of 5N Plus issued to the selling shareholders. The purchase price also includes a cash “holdback” in an amount of €14,970,785 (equal to approximately CDN$20.2 million as of February 25, 2011).
5N Plus Inc. Completes the Acquisition of MCP Group SA and a $125 Million Equity Financing
- 5N Plus acquires 100% of MCP Group SA, the world’s leading producer and distributor of bismuth and bismuth chemicals and an important player in other specialty metals
- Issues 13,590,000 shares at $9.20 per share in “bought‐deal” public offering This release is intended for distribution in Canada only and is not intended for distribution to United States
newswire services or for dissemination in the United States
Montreal, Québec, April 11, 2011 – 5N Plus Inc. (TSX:VNP) today completed its previously‐announced acquisition of MCP Group SA and “bought deal” public offering of 13,590,000 common shares at a price of $9.20 per share, for total proceeds to 5N Plus of $125 million.
“We are delighted to have completed the acquisition of MCP”, said Jacques L’Écuyer, President and Chief Executive Officer of 5N Plus. “We look forward to working with MCP in order to expand 5N Plus’ product offering and establish a worldwide manufacturing and distribution platform.”
MCP, headquartered in Tilly, Belgium, is the world’s leading producer and distributor of bismuth and bismuth chemicals, with a market share that MCP estimates to be more than 50%, and an important player in other specialty metals, including gallium, indium, selenium and tellurium. MCP’s products are used in a variety of products, mainly related to industrial and electronic applications. MCP employs approximately 400 people in its nine production sites and 15 commercial offices across Europe, Asia and the United States.
In connection with the acquisition, Frank Fache, co‐Chief Executive Officer of MCP, will be appointed to the Board of Directors of 5N Plus, which will be comprised of six directors. Laurent Raskin, also co‐Chief Executive Officer of MCP, is expected to join 5N Plus’ Board of Directors at the next annual meeting of shareholders. Messrs. Fache and Raskin will be appointed Executive Vice‐Presidents of 5N Plus, and will report directly to Jacques L’Écuyer, President and Chief Executive Officer of 5N Plus.
At the closing of the acquisition, 5N Plus acquired all of the issued and outstanding shares of MCP for: (i) a cash consideration of €105,793,548 (equal to approximately CDN$142.8 million as of February 25, 2011, the last business day before the date of the Acquisition Agreement among 5N Plus and MCP and its shareholders); (ii) promissory notes to the selling shareholders of MCP in an aggregate amount of €46,908,459 (equal to approximately CDN$63.3 million as of February 25, 2011); and (iii) 11,377,797 common shares of 5N Plus issued to the selling shareholders. The purchase price also includes a cash “holdback” in an amount of €14,970,785 (equal to approximately CDN$20.2 million as of February 25, 2011).
aus dem 10-K von ASOE:
Market Prices for Tellurium
The average price for industry grade tellurium with a purity of at least 99.95% increased dramatically from US$13 per
kilogram in 2004 to US$215 per kilogram in 2008. Although there is insufficient public information, prices for high-purity tellurium
of 99.999% to 99.99999% (or 5N to 7N) Te are considerably higher than the price of industrial grade tellurium. For example, the
price for industry grade tellurium with a purity of 5N was US$274 per kilogram in 2010, 6N was US$485 per kilogram in 2010 and
7N was US$512 per kilogram in 2010. The price for industry grade tellurium with a purity of 5N increased to US$364 per kilogram
in February, 2011.
Market Prices for Tellurium
The average price for industry grade tellurium with a purity of at least 99.95% increased dramatically from US$13 per
kilogram in 2004 to US$215 per kilogram in 2008. Although there is insufficient public information, prices for high-purity tellurium
of 99.999% to 99.99999% (or 5N to 7N) Te are considerably higher than the price of industrial grade tellurium. For example, the
price for industry grade tellurium with a purity of 5N was US$274 per kilogram in 2010, 6N was US$485 per kilogram in 2010 and
7N was US$512 per kilogram in 2010. The price for industry grade tellurium with a purity of 5N increased to US$364 per kilogram
in February, 2011.
habe mir gerade mal den CC angehoert....also die MCP geschichte ist nicht wirklich durchsichtig...vor dem naechsten Q wird man da nicht viel erfahren...allerdings war meine sorge das die uebernahme nur erfolgt ist weil es bei Firebird probleme gibt falsch....jacques hat gesagt bei firebird laeuft alles nach plan...hoffen wir mal er behaelt recht...mfg CW
Da bin ich sehr gespannt...
Montréal - August 4, 2011
5N Plus will host a conference call on Thursday, August 25, 2011 at 10:00 ET with financial analysts to discuss the fourth quarter ended May 31, 2011. All interested parties are invited to participate in the live broadcast on the company’s Web site at www.5nplus.com. A replay of the webcast and a recording of the Q&A will be available until September 15, 2011.
Montréal - August 4, 2011
5N Plus will host a conference call on Thursday, August 25, 2011 at 10:00 ET with financial analysts to discuss the fourth quarter ended May 31, 2011. All interested parties are invited to participate in the live broadcast on the company’s Web site at www.5nplus.com. A replay of the webcast and a recording of the Q&A will be available until September 15, 2011.
5N PLUS INC.
Attention Business/Financial Editors
5N Plus announces new $250 million credit facility
MONTREAL, Aug. 12, 2011 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) announced
today the closing of a new $250 million senior secured multi-currency
revolving credit facility to replace its existing $50 million two-year senior
secured revolving facility with National Bank of Canada. The new credit
facility will be used to refinance existing indebtedness and for other
corporate purposes, including capital expenditures and growth
opportunities. The new credit facility has a four-year term and bears interest
at either prime rate, U.S. base rate, LIBOR or EURO LIBOR plus a margin based
on 5N Plus' senior consolidated debt to EBITDA ratio. 5N Plus also has a
US$35 million credit facility in Asia.
At any time, 5N Plus has the option to request that the new credit
facility be expanded to $350 million through the exercise of an additional
$100 million accordion feature, subject to review and approval by the lenders.
In connection with the new credit facility, National Bank of Canada and
HSBC Bank acted as co-lead arrangers and joint book runners, and five other
banks as lenders.
About 5N Plus 5N Plus is the leading producer of specialty metal and
chemical products. Fully integrated with closed-loop recycling facilities, the
company is headquartered in Montreal, Qu�bec, Canada and operates
manufacturing facilities and sales offices in several locations in Europe,
North America and Asia. 5N Plus deploys a range of proprietary and proven
technologies to produce products which are used in a number of advanced
pharmaceutical, electronic and industrial applications. Typical products
include purified metals such as bismuth, gallium, germanium, indium, selenium
and tellurium, inorganic chemicals based on such metals and compound
semiconductor wafers. Many of these are critical precursors and key enablers
in markets such as solar, light-emitting diodes and eco-friendly materials.
Forward-Looking Statements and Disclaimer Certain statements in this
press release may be forward-looking. Forward-looking statements are based on
the best estimates available to 5N Plus at the time and involve known and
unknown risks, uncertainties and other factors that may cause 5N Plus' actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. A description of the risks affecting 5N Plus'
business and activities appears under the heading "Risks and Uncertainties" in
Management's Discussion and Analysis on pages 27 to 29 of 5N Plus' 2010 Annual
Report, and in the section entitled "Risk Factors" in 5N Plus' short-form
prospectus dated April 1, 2011, both of which are available on SEDAR at
www.sedar.com. No assurance can be given that any events anticipated by the
forward-looking information in this press release will transpire or occur, or
if any of them do so, what benefits that 5N Plus will derive therefrom. In
particular, no assurance can be given as to the future financial performance
of 5N Plus. 5N Plus disclaims any intention or obligation to update or revise
any forward-looking statements in order to account for any new information or
any other event. The reader is warned against undue reliance on these
forward-looking statements.
Attention Business/Financial Editors
5N Plus announces new $250 million credit facility
MONTREAL, Aug. 12, 2011 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) announced
today the closing of a new $250 million senior secured multi-currency
revolving credit facility to replace its existing $50 million two-year senior
secured revolving facility with National Bank of Canada. The new credit
facility will be used to refinance existing indebtedness and for other
corporate purposes, including capital expenditures and growth
opportunities. The new credit facility has a four-year term and bears interest
at either prime rate, U.S. base rate, LIBOR or EURO LIBOR plus a margin based
on 5N Plus' senior consolidated debt to EBITDA ratio. 5N Plus also has a
US$35 million credit facility in Asia.
At any time, 5N Plus has the option to request that the new credit
facility be expanded to $350 million through the exercise of an additional
$100 million accordion feature, subject to review and approval by the lenders.
In connection with the new credit facility, National Bank of Canada and
HSBC Bank acted as co-lead arrangers and joint book runners, and five other
banks as lenders.
About 5N Plus 5N Plus is the leading producer of specialty metal and
chemical products. Fully integrated with closed-loop recycling facilities, the
company is headquartered in Montreal, Qu�bec, Canada and operates
manufacturing facilities and sales offices in several locations in Europe,
North America and Asia. 5N Plus deploys a range of proprietary and proven
technologies to produce products which are used in a number of advanced
pharmaceutical, electronic and industrial applications. Typical products
include purified metals such as bismuth, gallium, germanium, indium, selenium
and tellurium, inorganic chemicals based on such metals and compound
semiconductor wafers. Many of these are critical precursors and key enablers
in markets such as solar, light-emitting diodes and eco-friendly materials.
Forward-Looking Statements and Disclaimer Certain statements in this
press release may be forward-looking. Forward-looking statements are based on
the best estimates available to 5N Plus at the time and involve known and
unknown risks, uncertainties and other factors that may cause 5N Plus' actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. A description of the risks affecting 5N Plus'
business and activities appears under the heading "Risks and Uncertainties" in
Management's Discussion and Analysis on pages 27 to 29 of 5N Plus' 2010 Annual
Report, and in the section entitled "Risk Factors" in 5N Plus' short-form
prospectus dated April 1, 2011, both of which are available on SEDAR at
www.sedar.com. No assurance can be given that any events anticipated by the
forward-looking information in this press release will transpire or occur, or
if any of them do so, what benefits that 5N Plus will derive therefrom. In
particular, no assurance can be given as to the future financial performance
of 5N Plus. 5N Plus disclaims any intention or obligation to update or revise
any forward-looking statements in order to account for any new information or
any other event. The reader is warned against undue reliance on these
forward-looking statements.
Antwort auf Beitrag Nr.: 41.939.050 von dicki31785 am 11.08.11 18:06:15Was hast Du für Prognosewerte für die Zahlen?
Bei mir stehen 16 MCAD für Gewinn und 405 MCAD fürs EK.
Bei mir stehen 16 MCAD für Gewinn und 405 MCAD fürs EK.
Antwort auf Beitrag Nr.: 41.947.323 von R-BgO am 13.08.11 09:47:13geworden sind es 21,3 und 349;
ist 'ne komplett andere Firma geworden...
soweit scheint es aber ganz gut zu laufen; stay tuned...
ist 'ne komplett andere Firma geworden...
soweit scheint es aber ganz gut zu laufen; stay tuned...
...am 6.12. gab es den Bericht zur 4-Monatsperiode 1.6.2011-30.9.2011 mit Vervielfachung von Umsatz und Ergebnis.
Habe jetzt erst gesehen, dass sie aufs Kalenderjahr umstellen: der nächste Bericht wird also schon wieder ein kompletter Jahresabschluss sein.
Schätze dafür -hoffentlich konservativ- 20 MCAD Gewinn und 390 MCAD EK.
Das bedeutet Bewertung rund zum Buchwert und ein annualisiertes KGV von knapp unter 12.
Bleibe weiter dabei.
Habe jetzt erst gesehen, dass sie aufs Kalenderjahr umstellen: der nächste Bericht wird also schon wieder ein kompletter Jahresabschluss sein.
Schätze dafür -hoffentlich konservativ- 20 MCAD Gewinn und 390 MCAD EK.
Das bedeutet Bewertung rund zum Buchwert und ein annualisiertes KGV von knapp unter 12.
Bleibe weiter dabei.
denke das Q wird ganz ok...habe noch mal zu CAD$5 nachgekauft....koennte zwar immer noch selbstmord begehen das ich bei 10 nicht verkauft habe aber gut..
bin auch mal gespannt ob Firebird endlich contributed zu unternehmensgewinn! Oder zumindest in aussicht gestellt wird das Firebird dieses Jahr ordentlich contributen wird...
abound scheint ein wenig mehr zu produzieren....
schaun wir mal
gruesse
CW
bin auch mal gespannt ob Firebird endlich contributed zu unternehmensgewinn! Oder zumindest in aussicht gestellt wird das Firebird dieses Jahr ordentlich contributen wird...
abound scheint ein wenig mehr zu produzieren....
schaun wir mal
gruesse
CW
Antwort auf Beitrag Nr.: 42.711.329 von dicki31785 am 07.02.12 11:57:40frohes Neues; lang nicht gelesen...
Wünsche ich ebenso! Ja neuer Job deswegen sehr viel Arbeit...habe meistens Abends keine Lust und Motivation mehr viel zu schreiben...
eine große Bank hat heute die Meinung zu Solaraktien geändert...zumindest weg vom Doom Szenario....Haben Demand Zahlen für 2011 angehoben (nach Q4 keine große Überraschung) allerdings auch für 2012 (knapp 30 GW)....trotz allem sehr negativ zu FSLR da sieh wohl ihren ganzen Vorsprung verloren haben im Modulverkauf....obwohl mit der Projektpipeline im Rücken sehe ich das nicht so negativ...das die in den US immer noch astronomische Preise für ihre Projekte bezahlt bekommen und das wird auch einige Jahre so weiter gehen in der FSLR allerdings sehr viel geld in F&E investieren muss...
naja schaun wir mal was VNP präsentieren wird! Grüße CW
eine große Bank hat heute die Meinung zu Solaraktien geändert...zumindest weg vom Doom Szenario....Haben Demand Zahlen für 2011 angehoben (nach Q4 keine große Überraschung) allerdings auch für 2012 (knapp 30 GW)....trotz allem sehr negativ zu FSLR da sieh wohl ihren ganzen Vorsprung verloren haben im Modulverkauf....obwohl mit der Projektpipeline im Rücken sehe ich das nicht so negativ...das die in den US immer noch astronomische Preise für ihre Projekte bezahlt bekommen und das wird auch einige Jahre so weiter gehen in der FSLR allerdings sehr viel geld in F&E investieren muss...
naja schaun wir mal was VNP präsentieren wird! Grüße CW
bei FSLR gehen die module kaputt & Abound stellt die Produktion ein...
http://www.solarserver.de/solar-magazin/nachrichten/aktuelle…
http://www.solarserver.de/solar-magazin/nachrichten/aktuelle…
http://www.theglobeandmail.com/globe-investor/investment-ide…
5N Plus Inc.’s (VNP-T5.140.040.78%) quarterly results on Monday will likely show continued sales pressure in Europe and sustained price weakness for metals such as cadmium, gallium and tellurium, predicts CIBC World Markets Inc. analyst Ian Tharp. While reiterating his “sector outperformer” rating, he believes these factors mean more risk for 5N’s high inventory levels and pricing power.
Upside: Mr. Tharp cut his price target by $2 to $8.
5N Plus Inc.’s (VNP-T5.140.040.78%) quarterly results on Monday will likely show continued sales pressure in Europe and sustained price weakness for metals such as cadmium, gallium and tellurium, predicts CIBC World Markets Inc. analyst Ian Tharp. While reiterating his “sector outperformer” rating, he believes these factors mean more risk for 5N’s high inventory levels and pricing power.
Upside: Mr. Tharp cut his price target by $2 to $8.
Tja, da hat mich mein mulmiges Bauchgefühl nicht getrogen...
Hatte überlegt, vor den Zahlen rauszugehen, aber das geht steuerfrei ja leider nur einmal.
Notiz jetzt unter Buchwert und es ist echt eine komplett andere Firma geworden...
Habe beschlossen, Monsieur Jaques einstweilen zu vertrauen und bleibe dabei.
Hatte überlegt, vor den Zahlen rauszugehen, aber das geht steuerfrei ja leider nur einmal.
Notiz jetzt unter Buchwert und es ist echt eine komplett andere Firma geworden...
Habe beschlossen, Monsieur Jaques einstweilen zu vertrauen und bleibe dabei.
knapp 5 MUSD Gewinn in Q1; bereits starke Bilanzsummenreduktion von 786 auf 725 MUSD
und Verwässerung:
5N Plus Inc. Announces a $40 Million New Issue of Units, Consisting of
a $20 Million Public Bought‐Deal Offering and a $20 Million
Concurrent Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES
Montreal, Québec, May 16, 2012 – 5N Plus Inc. (TSX:VNP), the leading producer of specialty metal and
chemical products, announced today that it has entered into agreements regarding an equity financing
of an aggregate of 12,903,613 units at a price of $3.10 per unit, for aggregate gross proceeds of $40
million. 5N Plus intends to use the net proceeds from the financing to reduce its indebtedness under its
revolving credit facility and for general corporate purposes.
Each unit will be comprised of one common share and one‐half of a common share purchase warrant.
Each full warrant will entitle its holder to acquire one additional common share of 5N Plus at a price of
$5.00 for 24 months.
In connection with the financing, 5N Plus entered into an agreement with a syndicate of underwriters
led by National Bank Financial Inc. pursuant to which the underwriters have agreed to purchase, on a
bought‐deal basis, 6,452,000 units of 5N Plus at a price of $3.10 per unit, for aggregate gross proceeds
to 5N Plus of $20 million. The units will be offered by way of short form prospectus in each of the
provinces of Canada, as well as in the United States under applicable registration statement exemptions.
5N Plus granted an over‐allotment option to the underwriters of the offering, entitling them to
purchase, for a period of 30 days from the closing of the offering, up to 967,800 million additional units
at a price of $3.10 per unit, for additional gross proceeds to 5N Plus of $3 million, to cover over‐
allotments and for market stabilization purposes, if any.
5N Plus also entered into an agreement with Investissement Québec pursuant to which Investissement
Québec agreed to purchase, by way of concurrent private placement, 6,451,613 units of 5N Plus at a
price of $3.10 per unit, for aggregate gross proceeds to 5N Plus of $20 million. The common shares and
warrants issued under the private placement will be subject to a statutory four‐month hold period.
In connection with the public bought‐deal offering, 5N Plus will file a preliminary short form prospectus
in all provinces of Canada by May 23, 2012. The prospectus offering and concurrent private placement
are subject to all standard regulatory approvals, including that of the Toronto Stock Exchange, and are
expected to close on or about June 6, 2012.The public bought‐deal offering and the concurrent private placement are subject to customary closing conditions.
5N Plus Inc. Announces a $40 Million New Issue of Units, Consisting of
a $20 Million Public Bought‐Deal Offering and a $20 Million
Concurrent Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES
Montreal, Québec, May 16, 2012 – 5N Plus Inc. (TSX:VNP), the leading producer of specialty metal and
chemical products, announced today that it has entered into agreements regarding an equity financing
of an aggregate of 12,903,613 units at a price of $3.10 per unit, for aggregate gross proceeds of $40
million. 5N Plus intends to use the net proceeds from the financing to reduce its indebtedness under its
revolving credit facility and for general corporate purposes.
Each unit will be comprised of one common share and one‐half of a common share purchase warrant.
Each full warrant will entitle its holder to acquire one additional common share of 5N Plus at a price of
$5.00 for 24 months.
In connection with the financing, 5N Plus entered into an agreement with a syndicate of underwriters
led by National Bank Financial Inc. pursuant to which the underwriters have agreed to purchase, on a
bought‐deal basis, 6,452,000 units of 5N Plus at a price of $3.10 per unit, for aggregate gross proceeds
to 5N Plus of $20 million. The units will be offered by way of short form prospectus in each of the
provinces of Canada, as well as in the United States under applicable registration statement exemptions.
5N Plus granted an over‐allotment option to the underwriters of the offering, entitling them to
purchase, for a period of 30 days from the closing of the offering, up to 967,800 million additional units
at a price of $3.10 per unit, for additional gross proceeds to 5N Plus of $3 million, to cover over‐
allotments and for market stabilization purposes, if any.
5N Plus also entered into an agreement with Investissement Québec pursuant to which Investissement
Québec agreed to purchase, by way of concurrent private placement, 6,451,613 units of 5N Plus at a
price of $3.10 per unit, for aggregate gross proceeds to 5N Plus of $20 million. The common shares and
warrants issued under the private placement will be subject to a statutory four‐month hold period.
In connection with the public bought‐deal offering, 5N Plus will file a preliminary short form prospectus
in all provinces of Canada by May 23, 2012. The prospectus offering and concurrent private placement
are subject to all standard regulatory approvals, including that of the Toronto Stock Exchange, and are
expected to close on or about June 6, 2012.The public bought‐deal offering and the concurrent private placement are subject to customary closing conditions.
Das Unternehmen scheint ganz interessant zu sein. Gibt es hier noch Leute die aktiv sind und sich schon mal näher mit den Aussichten beschäftigt haben?
5N Plus does not say why stock is up
2013-09-20 16:58 ET - News Release
Mr. Jean Mayer reports
5N PLUS COMMENTS ON STOCK TRADING ACTIVITY
5N Plus Inc. has been asked by the Investment Industry Regulatory Organization of Canada (IIROC) to comment on the recent increase in the price of its stock. 5N Plus is not aware of any corporate development or undisclosed material information that would account for this trading activity.
We seek Safe Harbor.
© 2013 Canjex Publishing Ltd.
2013-09-20 16:58 ET - News Release
Mr. Jean Mayer reports
5N PLUS COMMENTS ON STOCK TRADING ACTIVITY
5N Plus Inc. has been asked by the Investment Industry Regulatory Organization of Canada (IIROC) to comment on the recent increase in the price of its stock. 5N Plus is not aware of any corporate development or undisclosed material information that would account for this trading activity.
We seek Safe Harbor.
© 2013 Canjex Publishing Ltd.
Antwort auf Beitrag Nr.: 43.748.203 von Mojio am 24.10.12 20:07:06ich halte meine pre-2009 Position immer noch und warte ab;
mit dem Zukauf haben sie sich verhoben, aber inzwischen doch schon wieder recht gut berappelt
vertraue aufs Management das auch große Anteile hält
mit dem Zukauf haben sie sich verhoben, aber inzwischen doch schon wieder recht gut berappelt
vertraue aufs Management das auch große Anteile hält
Antwort auf Beitrag Nr.: 45.500.091 von R-BgO am 23.09.13 11:25:44Verhoben ist sehr milde ausgedrückt
Denke der Korea move ist auch positiv zu bewerten.
Bin gespannt ob sie 2014 profitabel sein werden.
Gruesse,
CW
Denke der Korea move ist auch positiv zu bewerten.
Bin gespannt ob sie 2014 profitabel sein werden.
Gruesse,
CW
2013er-Zahlen kamen gestern;
Schulden weiter abgebaut, gut 40 MUSD Gewinn, wenn auch zu wesentlichen Teilen aufgrund des Settlements mit MCP.
Wenn ich das rausrechne lande ich trotz Kurssprung immer noch bei KGV von rund 13
Schulden weiter abgebaut, gut 40 MUSD Gewinn, wenn auch zu wesentlichen Teilen aufgrund des Settlements mit MCP.
Wenn ich das rausrechne lande ich trotz Kurssprung immer noch bei KGV von rund 13
Verlängerung mit FSLR bis 2019: http://www.5nplus.com/files/7814/0121/6962/Press_Release-Fir…
und Verwässerung durch Convertible: http://www.5nplus.com/files/9614/0130/4660/Press_Release-Bou…
Strike $6,75
Strike $6,75
Q1 und Q2 fast gleich, zusammen 9 MCAD Gewinn
Kurs wieder ein Drittel zurückgekommen
Kurs wieder ein Drittel zurückgekommen
Anleihe ist auch notiert: http://www.wallstreet-online.de/anleihen/153467788
Antwort auf Beitrag Nr.: 47.730.456 von R-BgO am 09.09.14 11:33:49habe mir zur Ergänzung mal ein paar Anleihen in Toronto zu 97,4% geholt;
so gibt es wenigstens etwas laufenden Ertrag
so gibt es wenigstens etwas laufenden Ertrag
Q3-Zahlen gestern waren unauffällig, keine Ahnung warum sich der Kurs seit Mai mehr als halbiert hat...
Antwort auf Beitrag Nr.: 47.745.708 von R-BgO am 10.09.14 17:35:25Kurs heute bei 87%...
Antwort auf Beitrag Nr.: 48.226.513 von R-BgO am 05.11.14 10:28:52in Q4 lief's scheisse, Zahlen kamen gestern
Anleihe scheint solide
Anleihe scheint solide
es war ein Scheiss-Q1...
Kurs aktuell 40% unter Buchwert
Kurs aktuell 40% unter Buchwert
habe meine Anleiheposition zu 85% verdoppelt;
WENN sie zahlen, dann kommt raus
4,1% Ablaufrendite (4.Wurzel aus 100/85) plus
6,8% Kuponrendite (5,75/85)
====
10,9% p.a.
WENN sie zahlen, dann kommt raus
4,1% Ablaufrendite (4.Wurzel aus 100/85) plus
6,8% Kuponrendite (5,75/85)
====
10,9% p.a.
Antwort auf Beitrag Nr.: 49.854.787 von R-BgO am 27.05.15 10:18:11
allerdings weist der Author drauf hin, dass auch 5N die Option hat, in Aktien zu bezahlen.
Das hatte ich bisher nicht auf dem Schirm, steht aber tatsächlich so im Prospekt.
Andererseits haben l'Equyer & Co. ein großes Interesse, das zu verhindern, weil es zum aktuellen Preis auf eine Aktienzahlverdoppelung hinausliefe...
inzwischen ist der Anleihekurs weiter abgeschmiert
und auch andere haben investiert: http://seekingalpha.com/article/2948536-9-percent-yields-in-…allerdings weist der Author drauf hin, dass auch 5N die Option hat, in Aktien zu bezahlen.
Das hatte ich bisher nicht auf dem Schirm, steht aber tatsächlich so im Prospekt.
Andererseits haben l'Equyer & Co. ein großes Interesse, das zu verhindern, weil es zum aktuellen Preis auf eine Aktienzahlverdoppelung hinausliefe...
auch Q3 war übel,
wobei der Großteil des Verlusts von 32 MUSD wohl auf ongoing Preisverfälle zurückzuführen ist;so wird angegeben (seit 1.1.):
Wismuth -52%
Indium -62%
Selen -61%
Tellur 68%
das haut natürlich auf die Vorräte und die COGS...
Dementsprechend eingedampft wurde auch die Bilanzsumme: von 400 MUSD auf 274 MUSD;
vom Rückgang von 126 MUSD entfallen 55 aufs EK, so dass immerhin auch 71 MUSD Schulden abgebaut wurden.
So sind nur per 30.9. nur noch 14 MUSD Bankschulden übrig, der Convertible steht mit 41 zu Buche, EK beträgt noch 142 MUSD.
Wenn sie es endlich wieder schaffen, operativ positive cash-flows zu erwirtschaften, dann müsste die Anleihe schon was wert sein.
Unglücklich ist aber auch, dass "mon cher" Jacques nun das Weite suchen will: er hat gestern seinen Rücktrittswunsch bekannt gegeben. Keine Ahnung, ob das Erschöpfung, die Einsicht in eigene Unzulänglichkeit, oder der Wunsch ist, beim Begräbnis nicht mehr dabei zu sein.
Erhöht die Unsicherheit.
stay tuned...
Antwort auf Beitrag Nr.: 51.001.392 von R-BgO am 04.11.15 09:48:28
allerdings auch die Bilanz insgesamt um 45% geschrumpft (so eine Art Anti-Musk) und insoweit jetzt bis auf den Convertible schuldenfrei...
Q4 war such lausig,
Gesamtjahresverlust knapp 100 Mio., dh. EK halbiertallerdings auch die Bilanz insgesamt um 45% geschrumpft (so eine Art Anti-Musk) und insoweit jetzt bis auf den Convertible schuldenfrei...
Antwort auf Beitrag Nr.: 51.844.522 von R-BgO am 26.02.16 12:57:44
in Q1 operativ break-even,
Kurs ytd +50% und der Bond hat sich auch kräftig erholt...
Antwort auf Beitrag Nr.: 52.567.409 von R-BgO am 08.06.16 12:14:02
und die Bilanz sieht auch fast wieder wie 'ne Bilanz aus.
Rendite aber noch nicht in Sicht (außer für den Bond)
so langsam scheinen sie sich zu bekrabbeln,
in Q2 erster Gewinn seit laaangem;und die Bilanz sieht auch fast wieder wie 'ne Bilanz aus.
Rendite aber noch nicht in Sicht (außer für den Bond)
Antwort auf Beitrag Nr.: 53.211.651 von R-BgO am 05.09.16 19:35:44gestern kamen Jahreszahlen: nur noch 6 MUSD Verlust
bin erst heute auf die gestoßen....
die zahlen werden besser, der kurs nicht.
hab das geschäftsmodell aber noch nicht verstanden
die zahlen werden besser, der kurs nicht.
hab das geschäftsmodell aber noch nicht verstanden
Antwort auf Beitrag Nr.: 54.742.467 von Boersiback am 15.04.17 20:02:41Sind auf meiner Watchlist über 70% grün? Habe die aber nicht...
Antwort auf Beitrag Nr.: 55.391.700 von rolleg am 25.07.17 19:34:57ja, schade ich auch nicht... instinktiv dachte ich die knallen bald... so kam´s auch.
aber wie gesagt hab die nicht ganz kapiert und deswegen interesse verloren
vielleicht mehr in charts und zahlen denken... scheiss drauf was die genau machen
(so rum klappts doch meistens... vorausgesetzt man kauft)
aber wie gesagt hab die nicht ganz kapiert und deswegen interesse verloren
vielleicht mehr in charts und zahlen denken... scheiss drauf was die genau machen
(so rum klappts doch meistens... vorausgesetzt man kauft)
Antwort auf Beitrag Nr.: 55.391.710 von Boersiback am 25.07.17 19:37:24Ja, hinterher ist man immer schlauer...
Antwort auf Beitrag Nr.: 47.745.708 von R-BgO am 10.09.14 17:35:25
die Rückzahlung des Bonds dürfte inzwischen gesichert sein,
cash-on-hand reicht fast aus
Antwort auf Beitrag Nr.: 56.370.013 von R-BgO am 05.12.17 22:26:52
Zahlen kamen vorgestern, nach unendlich langer Zeit mal ein solider Gewinn...
bin seit kurz nach IPO dabei:
Antwort auf Beitrag Nr.: 56.370.013 von R-BgO am 05.12.17 22:26:52
schade
Anleihe wurde
heute vorzeitig zurückgezahlt;schade
Antwort auf Beitrag Nr.: 58.143.995 von R-BgO am 05.07.18 13:22:34
Korrektur:
war nur 60% Teilrückzahlung, 40% sind noch offen Gute Zahlen für 2018 und:
Antwort auf Beitrag Nr.: 58.144.115 von R-BgO am 05.07.18 13:35:28
heute wurde der Rest zurückgezahlt;
ein paar Monate vor Ende der regulären Laufzeit 
DurchsuchenBeitrag zu dieser Diskussion schreiben
Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie eine neue Diskussion.
Investoren beobachten auch:
| Wertpapier | Perf. % |
|---|---|
| -0,75 | |
| 0,00 | |
| -1,40 | |
| -1,29 | |
| -1,01 | |
| +0,63 | |
| -0,19 | |
| -0,99 | |
| -1,01 | |
| +7,14 |
Meistdiskutiert
| Wertpapier | Beiträge | |
|---|---|---|
| 241 | ||
| 93 | ||
| 83 | ||
| 77 | ||
| 73 | ||
| 53 | ||
| 45 | ||
| 38 | ||
| 37 | ||
| 34 |
