Q4 results on April 18th

odyd12

Administrator

Posts: 1,086

Date of registration: Jan 3rd 2013

Thanks: 127

Monday, April 8th 2013, 4:20pm

Q4 results on April 18th

We should have an article from Jason on LDK on Wednesday

Go to the top of the page

explo

Professional

Posts: 827

Date of registration: Sep 29th 2012

Thanks: 73

Monday, April 8th 2013, 4:29pm

That will be very interesting. They need to restructure too.

Go to the top of the page

odyd12

Administrator

Posts: 1,086

Date of registration: Jan 3rd 2013

Thanks: 127

Wednesday, April 10th 2013, 7:33am

Really curious what we will hear about it,
https://solarpvinvestor.com/spvi-news/474…comes-desperate

Go to the top of the page

pg6solar

Beginner

Posts: 29

Thanks: 1

Wednesday, April 10th 2013, 7:48am

Does it really matter? They are a shadow of a monster-in-making they appeared to be in mid-2010.

Go to the top of the page

explo

Professional

Posts: 827

Date of registration: Sep 29th 2012

Thanks: 73

Wednesday, April 10th 2013, 9:36am

Their firm and huge purchase commitments on wafer manufacturing equipment exiting 2011 were ridiculous. Obviously, according to Jason's article and their latest reported balance sheet, they are taking this equipment without paying (ballooning payables) instead of paying fee for not being able to take the equipment. Question is why suppliers risk shipping equipment without getting paid? They must have gotten some firm security. Even more ridiculous is that they, according to Jason's article, are taking new hires when they've haven't paid salaries for months - do they have firm commitment to Xinyu city to do that too (joke)?

Already when I saw those equipment purchase commitments in the 2011 20-F filing it was a seeing the sh*t hitting the fan moment, on April 18 we'll see the spread of it.

Go to the top of the page

solar123

Beginner

Posts: 31

Date of registration: Mar 11th 2013

Wednesday, April 10th 2013, 10:09am

Shorts will use this to cover and then we can get a real reversal started.

Go to the top of the page

DClayton

Beginner

Posts: 3

Date of registration: Apr 10th 2013

Wednesday, April 10th 2013, 12:00pm

Question is when LDK sold part of the business like cells does the debt go with the sale or remain with the company? They could reduce debt if it goes with the sale.

Go to the top of the page

solarcat

Trainee

Posts: 82

Date of registration: Mar 6th 2013

Thanks: 5

Wednesday, April 10th 2013, 12:48pm

I doubt anyone will buy anything from LDK if the debt went along with it. JMHO.

Go to the top of the page

explo

Professional

Posts: 827

Date of registration: Sep 29th 2012

Thanks: 73

Wednesday, April 10th 2013, 3:25pm

The debt went with the sale of LDK Anhui. That was basically a life-saving sale. They recovered some equity there after being completely bled out, but I think the group was already too weakened to avoid restructure. Btw, the sale close has been delayed. All approvals are not in place.