Hank's Trading account

[10 bagger]

RNWEY $0.11... ANY THOUGHTS,, $0.10 in EPS for 6 mo's.
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10 bagger Member Level Monday, 02/16/15 12:52:26 PM
Re: 10 bagger post# 164379
Post # of 165581

RNWEY.. $O.1028 BID.. earnings.. $0.05 EARNINGS NOW BACK TO BACK FOR THE 4'TH QTR..Listed on the Oslo Stock
Exchange (ticker: REC), the company is headquartered in Moses Lake, Washington
and employs 720 people.


Fornebu, February 13, 2015: REC Silicon ASA reported fourth quarter 2014
revenues of USD 126.2 million compared to USD 126.5 million in the third
quarter. Higher polysilicon sales volumes were offset by lower polysilicon
prices and decreased sales volumes of silicon gases.

EBITDA for the fourth quarter was USD 38.0 million. Third quarter EBITDA
included the recognition of USD 101 million associated with the transfer of
technology to the Yulin JV. The underlying comparable EBITDA decreased by
approximately 17 percent compared to the prior quarter, primarily due to lower
polysilicon prices.

The polysilicon and silane gas loading expansion projects at Moses Lake and
Butte are proceeding according to schedule. Building permits have been obtained
and construction activity has commenced. The Yulin Joint Venture is also
progressing according to plan. The contract on detailed engineering has been
awarded and the work has commenced. REC Silicon made the first capital
contribution of USD 75 million to the JV in October 2014.

"Continued focus on efficient and stable operations resulted in record high
production volumes and secured REC Silicon's competitive cost position.
Although challenging market dynamics and the uncertainty created by the US/China
trade dispute led to pressure on solar grade polysilicon prices during the
quarter, REC Silicon's financials remain strong," commented Tore Torvund, CEO of
REC Silicon.

Net financial items resulted in income of USD 112.8 million, mainly reflecting
net currency gains, and fair value adjustment of convertible bonds offset by
interest expense.

Profit from continuing operations was USD 119.0 million in the fourth quarter,
compared to USD 119.5 million in the previous quarter.

Basic and diluted EPS from total operations was USD 0.05 in the fourth quarter
2014, unchanged from the previous quarter.

For more information, please see the attached fourth quarter 2014 report.

Morning program:
The Company will give a presentation at 08:00 a.m. CET today at
Konferansesenteret Høyres Hus, Stortingsgaten 20, 0117 Oslo, Norway. The
presentation will be held in English.

There will be a live webcast from the presentation which can be accessed from:
www.recsilicon.com.

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

Norway: [phone]
UK: [phone]
USA: [phone]
International Toll: [phone]

Please provide confirmation code 7022732 and state your name, company and
country of residence.

Afternoon program:
REC Silicon will host an analyst conference call with possibilities for
questions and answers later the same day at 3:00 p.m. CET. Please make sure to
dial in at least five minutes ahead of time to complete your registration.

International dial in: [phone]

Please provide confirmation code 1521035 and state your name, company and
country of residence.

For further information, please contact:
Mitra H. Negård, Investor Relations
REC Silicon ASA
Phone: [phone]
Email: [e-mail]
==============================================================

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 25 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 Moses Lake, Washington
and employs 720 people.

For more information: www.recsilicon.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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10 bagger Member Level Tuesday, 11/11/14 01:41:10 PM
Re: 10 bagger post# 5211
Post # of 5255

RNWEY.. $0.1528...
Quote:
The company is headquartered in Moses Lake, Washington and employs 710 people.
For more information, go to: www.recsilicon.com



Fornebu, November 4, 2014: REC Silicon ASA reported third quarter 2014 revenues of USD 126.5 million and EBITDA excluding special items from continuing operations of USD 44.9 million. In addition, the Company recognized special items of USD 101 million related to the sale of its silane based FBR-B technology to the joint venture in China. REC Silicon ASA reported total EBITDA of USD 145.9 million.

Debt has been reduced by USD 55 million to USD 228 million, primarily due to the repayment of an NOK 196 million bond (REC01).

REC Silicon Segment reported third quarter revenues of USD 126.5 million, compared to USD 126.8 million in the previous quarter. Lower polysilicon sales volumes were offset by record silicon gas sales volumes and resulted in revenues broadly in line with the previous quarter. The corresponding EBITDA excluding special items during the third quarter was USD 45.5 million compared to USD 33.1 million in the previous quarter. The increased EBITDA can be attributed primarily to lower costs driven by stable operations and high production levels.

The Segment also reported record silicon gas sales volumes. Sales volumes were driven by a combination of improved end use demand and by competitive capacity being offline.

The Company is announcing a 3,000 MT granular polysilicon expansion at its Moses Lake facility and an agreement to investigate the development of a 20,000 MT granular polysilicon plant in Saudi Arabia.

Additionally, the Company reported the receipt of the final technology transfer payment of USD 99 million from the Joint Venture in China. Front End Engineering Design (FEED) has been delivered and the project has relocated to China to begin detailed engineering.

"Increased EBITDA in the third quarter is primarily the result of stable operations and continued focus on production efficiency. The results demonstrate the value of REC Silicon's superior FBR technology," commented Tore Torvund, CEO of REC Silicon. "I am pleased that our FBR technology is being recognized as the leading polysilicon manufacturing technology which has resulted in the announcement to expand our Moses Lake facility, the Yulin JV in China, and a potential expansion in Saudi Arabia."

Net financial items resulted in income of USD 45.7 million, mainly reflecting net currency gains, and fair value adjustment of convertible bonds offset by interest expense.

Profit from continuing operations was USD 119.5 million in the third quarter, compared to USD 24.6 million in the previous quarter. The improved result mainly reflects higher EBITDA, special items, and positive net financial items.

Basic and diluted EPS from total operations was USD 0.05 in the third quarter 2014, compared to USD 0.01 in the previous quarter.

For more information, please see the attached third quarter 2014 report.

Morning program:
The Company will give a presentation at 08:00 a.m. CET today at Konferansesenteret Høyres Hus, Stortingsgaten 20, 0117 Oslo, Norway. The presentation will be held in English.

There will be a live webcast from the presentation which can be accessed from: www.recsilicon.com.

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

Norway Toll Free: 800 56 054
UK Toll Free: 0800 279 5004
USA Toll Free: 1 877 280 2296
International Toll: [phone]

Please provide confirmation code 5650922 and state your name, company and country of residence.

Afternoon program:
REC Silicon will host an analyst conference call with possibilities for questions and answers later the same day at 3:00 p.m. CET. Please make sure to dial in at least five minutes ahead of time to complete your registration.

International dial in: [phone]

Please provide confirmation code 1513752 and state your name, company and country of residence.

For further information, please contact:
Mitra H. Negård, Investor Relations
REC Silicon ASA
Phone: [phone]
Email: [e-mail]

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 25 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 Moses Lake, Washington and employs 710 people.
For more information, go to: www.recsilicon.com



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Monday, 10/13/14 03:59:41 PM
Re: 10 bagger post# 5092
Post # of 5255

RNWEY.. $0.11 Bid,, $0.19 offered.. , July 18, 2014:
Quote:
The profit from continuing operations was USD 24.6 million in the second quarter, compared to a loss of USD 49.7 million in the previous quarter. The improved result mainly reflects higher EBITDA and positive net financial items.

REC Silicon ASA reported second quarter 2014 revenues of USD 126.9 million and EBITDA from continuing operations of USD 31.6 million. Debt has been reduced by USD 125 million to USD 283 million, primarily due to the repayment of the Euro 81 million convertible bond.

REC Silicon Segment reported second quarter revenues of USD 126.8 million, compared to USD 113.3 million in the previous quarter. The corresponding EBITDA during the second quarter was USD 33.1 million compared to USD 19.5 million in the previous quarter. The increased EBITDA can be attributed to higher sales volumes and selling prices partially offset by higher manufacturing costs.

Higher average polysilicon prices reflect continued strong demand for solar grade polysilicon and increasing acceptance of granular polysilicon by the market.

Silicon gas sales volumes continued to be strong. Sales were driven by a combination of improved Photovoltaic, Flat Panel Display, and Semiconductor demand and by competitive capacity being currently offline.

"Strong second quarter EBITDA demonstrates the strengthening demand for granular polysilicon and silicon gases in the market" commented Tore Torvund, CEO of REC Silicon. "During the quarter, we successfully completed the five year inspection program in Silane III. Although these outages resulted in higher cost during the first half of 2014, we have completed the planned outages and will operate at full capacity for the remainder of the year."

Net financial items were an income of USD 21.4 million, mainly reflecting net currency gains, and fair value adjustment of convertible bonds offset by interest expense.

The profit from continuing operations was USD 24.6 million in the second quarter, compared to a loss of USD 49.7 million in the previous quarter. The improved result mainly reflects higher EBITDA and positive net financial items.

Basic and diluted EPS from total operations was USD 0.01 in the second quarter 2014, compared to USD -0.02 in the previous quarter.

For more information, please see the attached second quarter 2014 report.

http://www.recsilicon.com/investors/