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REC Silicon (REC)

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Investeringer: #<Tag:0x00007fc26d2bb380>

#21

Ehh -33% siden de “knuste forventningene”


#22

REC Silicon ASA - Solar Trade Dispute with China Forces Layoffs

Moses Lake, Washington - July 1, 2018: REC Silicon ASA (REC Silicon)

REC Silicon will execute a layoff affecting nearly 40% of its current workforce in Moses Lake, Washington on July 2, 2018. This layoff will impact approximately 100 employees across the company and is a direct result of the on-going solar trade dispute between China and the United States. Due to this on-going trade dispute, the company has not been able to access its critical market in China since 2014. This has caused successive reductions in REC Silicon’s operations in the United States.

REC Silicon has decided to reduce its production at Moses Lake to approximately 25% of total production capacity. This decision is in response to the solar trade dispute between China and the United States and reduced demand for solar grade polysilicon. The actions taken today will help maintain the company’s liquidity, its ability to meet financial obligations, and maintain REC Silicon’s capability to resume manufacturing operations when access to China’s polysilicon markets is restored.

REC Silicon’s management regrets today’s lay-off of our highly-skilled colleagues. We have done all we can to avoid today’s action, but we have no choice while the China market remains closed. It is a tremendous injustice that the hard-working Americans, who have made REC Silicon the polysilicon industry’s technology leader and one of the most competitive producers in the world are now losing their jobs. REC Silicon can out-compete its foreign rivals, and we can do it from our manufacturing locations here in the United States. We simply need fair access to the China market.

REC Silicon invested $1.7 Billion to construct a state of the art, cost leading solar grade polysilicon production facility in Moses Lake, Washington in 2010. At its peak in 2011, REC Silicon generated $1 Billion in annual revenues from its operations in the United States and provided approximately 900 high paying jobs. Approximately 95% of REC Silicon’s revenues are generated from sales in markets outside the United States. As a consequence of the on-going solar trade dispute with China, REC Silicon has executed successive layoffs to preserve its operations in the United States. After the layoff today, the company will continue to employ approximately 400 people at its facilities in Moses Lake, Washington and Butte, Montana. As a direct result of the solar trade dispute, REC Silicon’s workforce has declined by a total of 500 jobs since 2011. During the same period, the company’s revenues have declined by over 70% to $272 Million in 2017.

REC Silicon’s fluid bed reactor (FBR) production facility in Moses Lake, Washington produces the lowest unsubsidized cost solar polysilicon in the world. Because REC Silicon employs a highly cost competitive manufacturing technology, the company’s products are competitive without trade protection.  President Trump and U.S. Trade Representative Robert Lighthizer committed to pursue a resolution of the AD/CVD measures imposed by the Government of China on U.S. polysilicon. There has not been a resolution nor any re-opening of the China market to REC Silicon. It is now absolutely urgent that the U.S. Government takes steps to re-open the China market for U.S. polysilicon production to avoid further job losses, avoid the loss of U.S. technology leadership, to preserve this important part of the solar energy supply chain in the United States, to allow REC Silicon to re-start production, and most importantly allow us to re-hire our skilled and dedicated workers.

REC Silicon’s markets for semiconductor grade polysilicon and silicon gas products have not been impacted by the solar trade dispute. REC Silicon’s operations in Butte, Montana will continue to support these markets.

REC Silicon currently has approximately $42 Million in cash deposits and expects to report approximately $58 Million in revenues for the second quarter of 2018. Second quarter FBR production is expected to be 2,040 MT or 240 MT below the guidance on April 26, 2018. The results for the company’s semiconductor segment and silicon gas sales are expected to be near guidance. Current market conditions will negatively impact the company’s profitability and credit risk exposure. REC Silicon expects to recognize additional impairments to inventories, accounts receivable, and fixed assets in its second quarter earnings release on July 19, 2018.

REC Silicon will host a conference-call to answer questions from investors, analysts and other interested parties on 2 July at 8:00 am CET.

To join this event, please use the below Click to Join link 5-10 minutes prior to start time, where you will be asked to enter your phone number and registration details. Our Event Conferencing system will call you on the phone number you provide and place you into the event. Please note that the Click to Join link will be active 15 minutes prior to the event.

Click to Join >>

Use the Click to Join option above for the easiest way to join your conference or view the complete list of access numbers and conference start times

Francine Sullivan, Vice President Business Development
REC Silicon ASA
Phone: +1 509 750 1133
Email: [email protected]

James A. May II, Chief Financial Officer
REC Silicon ASA
Phone: +1 509 989 1023
Email: [email protected]

Nils O. Kjerstad
IR Contact Europe
Phone: +47 9135 6659
Email: [email protected]

About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silicon gas to the solar and electronics industries worldwide. We combine over 30 years of experience and proprietary technology with the needs of our customers, and annual production capacity of more than 20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the company is headquartered in Fornebu, Norway.

For more information, go to: www.recsilicon.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180702.GlobeNewswire.HUG2202401


#23

REC Silicon ASA - Invitation to conference call

With reference to the release regarding reduction of production at Moses Lake, REC Silicon will host a conference-call to answer questions from investors, analysts and other interested parties on 2 July at 8:00 am CET.

Link to join the event attached.

Nils O. Kjerstad
IR Contact Europe
Phone: +47 9135 6659
Email: [email protected]

About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silicon gas to the solar and electronics industries worldwide. We combine over 30 years of experience and proprietary technology with the needs of our customers, and annual production capacity of more than 20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the company is headquartered in Fornebu, Norway.

For more information, go to: www.recsilicon.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Link to conference call


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180702.GlobeNewswire.HUG2202415


#24

#25

Får legge inn ordre på 34 øre. Fru. Blom pleier å treffe bra :slight_smile:

Innlegg av: ((((Fru Blom)))

Ticker: REC

Endret: 02.07.18 10:29

REC - 0,34 KR?

Den langsiktige fallende trenden indikerer 0,34 KR.

Sus
Fru Blom


#26

Livsfarlig aksje nå, om nødvendig sitt på hendene (ikke kjøp):grin:


#27

En av de første aksjene jeg kjøpte og en av de lengste innvesteringene jeg har sittet med. Kom vel til slutt ut med break even i REC og har ikke rørt aksjen eller sett på selskapet siden 2013-2014.

Denne statistikken sier vel sitt:

image


#28

Visst 90% av kundene sitter i Kina, som igjen er problem grunnet skatter og andre saker, hvorfor klarer ikke da Rec å evne det å komme inn i andre markeder ?
Er det Kina elle ledelsen i Rec som er problemet, satsingen har vertfall feilet


#29

REC Silicon ASA - Mandatory Notification of Trade

Tore Torvund, President and CEO of REC Silicon ASA (“the Company”) has on July 2, 2018 bought 300,000 shares in the Company at NOK 0.7015 per share.

Mr. Torvund is a primary insider of REC Silicon.

After the transaction, Mr. Torvund has a total holding of 1,631,486 shares in REC Silicon ASA.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180703.GlobeNewswire.HUG2203017


#30

På sikt er Rec et meget bra kjøp no med en unik teknologi og kompetanse …på sikt vill dem leve av lisenser som dem leier ut


#31

Flaggemelding i REC Silicon ASA

Fond forvaltet av DNB Asset Management AS solgte i går 03.07.2018 13.946.580
aksjer i REC NO.
Fond forvaltet av DNB Asset Management AS eier etter dette 120.030.948 aksjer i
REC NO. som utgjør en eierandel på 4.7185% av utstedte aksjer i selskapet.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=455089

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180704.OBI.20180704S48


#32

REC Silicon ASA - Mandatory Notification of Trade

Cerebrum Invest, a wholly owned company by Ragnhild Wiborg, has on July 4, 2018 bought 55,000 shares in REC Silicon ASA (“the Company”) at NOK 0.802 per share.

Ragnhild Wiborg is board member and primary insider in REC Silicon ASA.

After the transaction, Ragnhild Wiborg controls a total of 65,000 shares in th Company.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180704.GlobeNewswire.HUG2203282


#33

REC Silicon ASA - Mandatory Notification of Trade

Cerebrum Invest, a wholly owned company by Ragnhild Wiborg, has on July 4, 2018
bought 55,000 shares in REC Silicon ASA (“the Company”) at NOK 0.802 per share.

Ragnhild Wiborg is board member and primary insider in REC Silicon ASA.

After the transaction, Ragnhild Wiborg controls a total of 65,000 shares in th
Company.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=455099

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180704.OBI.20180704S58


#34

REC Silicon - Invitation to the second quarter 2018 results

Fornebu, Norway - July 13, 2018: REC Silicon ASA (REC Silicon) will release its Q2 2018 results on Thursday, July 19, 2018 at 07:00 a.m. Central European Time (CET).

A presentation of the results will be held at 08:00 a.m. CET at Høyres Hus Konferansesenter, Stortingsgaten 20, Oslo, Norway. The presentation will be in English.

A live webcast from the presentation can be accessed at www.recsilicon.com or with the following link:
http://webtv.hegnar.no/presentation.php?webcastId=92016267  

It will also be possible to listen to the presentation through a conference call.
To join this event, use one of the following access numbers. Please make sure to dial in 5-10 minutes prior to the scheduled start time.

Norway (Tollfree/Freephone): 800 51025
Norway (Local) +47 2100 2613
United Kingdom (Tollfree/Freephone): 0800 358 6374
United Kingdom (Local): +44 (0)330 336 9104
United States/Canada (Tollfree/Freephone): 800-289-0462
United States (Local): +1 323-794-2442
Other international: +44 (0)330 336 9104

Participant Passcode: 873909

For further information, please contact:
Nils O. Kjerstad IR Contact Europe
Phone: +47 9135 6659
Email: [email protected] About REC Silicon

REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silicon gas to the solar and electronics industries worldwide. We combine over 30 years of experience and proprietary technology with the needs of our customers, and annual production capacity of more than 20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the company is headquartered in Fornebu, Norway. For more information, go to: www.recsilicon.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180713.GlobeNewswire.HUG2205296


#35

REC Silicon - Second quarter 2018 results

Fornebu, Norway - July 19, 2018: REC Silicon ASA (REC Silicon) reported second quarter 2018 revenues of USD 58.9 million, down from USD 69.6 million in the previous quarter. The corresponding EBITDA during the second quarter was a loss of USD 9.6 million compared to a positive USD 14.6 million in the previous quarter.  Polysilicon sales volume for the quarter was 2,077 MT, a 28.5 percent decrease from the first quarter, while inventory increased by 401 MT.

REC Silicon reported a cash balance of USD 42.4 million on June 30, 2018. This represents a decrease of USD 69.6 million compared to March 31, 2018. The company refinanced its outstanding debt during the quarter with a net repayment of USD 59.5 million. Cash outflows from operations was USD 7.1 million for the quarter.

Silicon gas sales volumes for the second quarter were 918 MT, an increase of 2.4 percent compared to the first quarter. Prices were 2.1 percent higher than first quarter. Second quarter semiconductor polysilicon production was 267 MT, in line with guidance of 270 MT. 

FBR capacity utilization was decreased to approximately 25 percent in early June resulting in cash costs of USD 13.4/kg, compared to USD 9.40/kg in the first quarter. FBR production was 2,078 MT, a 1,049MT decrease compared to the first quarter.

The Yulin JV plant continued to operate at reduced capacity utilization during the second quarter. The plant produced approximately 1,000 MT of granular polysilicon during the quarter. Year-to-date, the plant has produced a total of 1,800 MT compared to a target of 8,000 MT for 2018.

REC Silicon reported impairment charges of USD 340.4 million due to the market disruption from the curtailment of solar incentives in China, as well as continued trade barriers that prevent access to primary markets inside China. As previously announced on July 1, 2018, REC Silicon reduced its Moses Lake workforce by approximately 30 percent.

President and CEO, Tore Torvund, said, “Although our semiconductor and silane gas business in Butte remains strong, it is regrettable that we had to reduce our headcount by 85 highly-skilled employees. Despite having the most advanced polysilicon manufacturing technology; REC Silicon has no access to the largest market for polysilicon in China due to the 57 percent duty imposed by China. We need the United States and Chinese governments to cooperate in ending the solar trade dispute between the two countries to prevent additional job losses and to enhance the value of the solar industry in the United States and China.”

For more information, please see the attached second quarter 2018 report.

Morning Program:
The company will give a presentation at 8:00 am CET today at Høyres Hus Konferansesenter, Stortingsgaten 20, Oslo, Norway. The presentation will be in English.

A live webcast from the presentation can be accessed at www.recsilicon.com or with the following link: http://webtv.hegnar.no/presentation.php?webcastId=92016267 

It will also be possible to listen to the presentation through a conference call. Please make sure to dial in 5-10 minutes prior to the scheduled start time on one of the following numbers:

Norway (Tollfree/Freephone): 800 51025
Norway (Local) +47 2100 2613
United Kingdom (Tollfree/Freephone): 0800 358 6374
United Kingdom (Local): +44 (0)330 336 9104
United States/Canada (Tollfree/Freephone): 800-289-0462
United States (Local): +1 323-794-2442
Other international: +44 (0)330 336 9104

Please provide confirmation code 873909 and state your name, company and country of residence.

For further information, please contact:
James A. May II, Chief Financial Officer
REC Silicon ASA
Phone: +1 509 989 1023
Email: [email protected]

Nils O. Kjerstad
IR Contact Europe
Phone: +47 9135 6659
Email: [email protected]

About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silicon gas to the solar and electronics industries worldwide. We combine over 30 years of experience and proprietary technology with the needs of our customers, with annual production capacity of more than 20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the Company is headquartered in Fornebu, Norway.

For more information, go to: www.recsilicon.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

REC Silicon Q2 2018 report
REC Silicon Q2 2018 presentation


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180719.GlobeNewswire.HUG2205977


#36

Primærinnsidehandel

Terje Osmundsen, styremedlem REC Silicon ASA, igår 23.juli har kjøpt 100 000
akjer i REC Silicon.,til pris 0,7840 NOK per aksje

Osmundsen eier gjennom sitt private investeringsselskap TO Good Energy AS nå
615000 aksjer i selskapet

Ekstern link: http://www.newsweb.no/index.jsp?messageId=456074

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180724.OBI.20180724S37


#37

Kjøpte litt Rec i dag, Dobbel bunn og breakout fra nedgående trend, sweet! :


#38

Bruker du stopp loss her?


#39

Nope, kjøpte så billig! Mulig en liten omvendt hode skuldre her, eller cup&handle


#40

Hver måned kårer jeg det jeg kaller Teksperter™ for noen av de mest populære investeringene våre :slight_smile:

Det er de 3 medlemmene som har fått flest likes på innleggene sine de siste 90 dagene. Teksperter™ får også en unikt merke på profilen sin og et trofé-ikon ved siden av navnet sitt. Du kan bli Tekspert™ i flere aksjer/investeringer, og troféet vil bare vises i tråder der du er Tekspert™.

Her er denne månedens Teksperter™ og det mest likte innlegget deres fra de siste 90 dagene:

  1. @Mr.Tortilla (6 likes)
  1. @Nocturne (2 likes)
  1. @TekBot (2 likes)

Resten av topp 10:

  1. @holmes (1 likes)

  2. @Petersen2 (1 likes)

  3. @Defender (1 likes)

Gratulerer!