I have dipped my toe in this one today--it has the smell of another Sola to me? It may take a while to get going but is profitable and growing. Solar products--a hot area.

quiet on here today.

Im here MP.

From GCI....

London debut for Solar cell group
06/07/2007
Shares in Chinese high-performance solar cell maker Jetion Holdings started trading on AIM today.

Chaired by distinguished industry figure Dipesh Shah, Jetion raised nearly 28 million at 151p in a placing handled by broker Collins Stewart to help fund the next stage of the companys expansion. In their first days trading, the shares made a modest advance to 152.75p, valuing the company at 112.3 million.

With the cost of solar energy falling steadily, Shah argues Jetion, whose technology converts the suns rays into energy at an average rate of 16 per cent and has achieved 17 per cent, should score heavily from future switching to solar by domestic households and commercial users. Using wafers supplied by the likes of AIM-quoted ReneSola, Jetion, whose experienced management team is headed by chief executive officer Lijin Gai, former boss of New York-quoted Suntech Power Holdings, looks well placed to carve out a leading manufacturing role for itself, with China itself poised to become a major market.

Robert Tyerman

Thanks GF--slow start but I think this will do well . The Chairman used to work in the solar division of BP-so well respected.

my gut feeling says be careful ..... though this sector is flavour of the month, the fact that SOLA sp has stalled and this stock has not been received with much enthusiasm tells me that there is, at best, no hurry to throw money in the ring.

Well, I'm in Cyn, and SOLA is on the rise yet again, just in case you missed it.

tipped as a buy in Investors Chronicle - full page analysis - very bullish

oc

Bought in on this yesterday following quite a bit of research and watching the price fall back to nearer float price.Showing nice gains early this morning. I see explosive growth on this stock particularly as they are placing themselves further downstream positioning themselves for cheaper polysilicon in the next few years. That combined with excellent management. Of all the solars, for me this is the one to have.

Looks like further publicity to come from Photon International - PV magazine - August issue.
http://www.jetion.com.cn/e/commerce.asp

Good write up in this month's scsw

http://www.scsw.co.uk/searchresults.php?textfield=jetion

chart could blow off at any moment too!

So surprised so little interest here therefore.

Nice start to the day. I never got to read the investors chronicle article a few weeks ago. Did anyone see it and is it worth getting hold of a back copy?

Greyhound it has been posted on the other side check the thread on there. General comment was it has great possibility of performing very well in a hot sector well worth buying.

moneyplus, thanks. I had another chat with our CFO as well and whilst naturally there's nothing new, he remains very postive and I believe all is running to schedule for the capacity expansion. We talked about the oil price and the removal of pricing restrictions in China. I understand that Petrofina and Sinopec are also petitioning the government but these things take time. I guess it could happen any day or be months away. That said we wait until 7/9 for the Q2 results and hopefully any pressure being experienced on the petro side will be offset by the high performing specialty chems.

please ignore my remarks above, that was intending for the Chinese HaiKe thread. Apologies for confusion!

breakout today--onwards and upwards! it looks as though the write ups are bringing in new investors perhaps we'll get some news from the co. soon a trading update or something.

Nice pick up first thing - some positions being taken ahead of results on Monday.

Some very encouraging news out today. This should start to bottom out now as we start to gain wider coverage. Generally positive sentiment is returning to the sector as well. Still excellent longer term hold in my opinion as JHL capitalise on their position in the value chain.

Interesting article in The Times today:

Sands shift as solar energy's silicon demand outshines that of chipmakers

Jetion is mentioned in the article:

\'Dipesh Shah, chairman of Jetion, a solar panel manufacturer, and the former head of BPs solar business, said that demand was growing very rapidly.
Mr Shah said: The industry is being driven by renewable power initiatives in a number of countries, economies of scale, continued cost reductions and better use of raw materials.
Sales in the solar power industry are expected to reach $14 billion for 2007, up from $10 billion last year. Solar power still provides only 0.04 per cent of the worlds total energy use, but the industrys growth is being led by countries such as Spain and Germany, where it enjoys a subsidy regime.\'

Jetion Holdings Limited
25 January 2008


For Immediate Release 25 January 2008

Jetion Holdings Limited (the 'Company')

Shareholding in the Company

The Company received notice on 25 January 2008 that Ms. Jiezhen Yang, the
Company's largest shareholder and a director of Jiangyin Jetion Science and
Technology Co., Ltd., a wholly owned subsidiary of the Company, purchased
133,436 ordinary shares at an average price of 129.3p per share on 24 January
2008 and a further 45,409 ordinary shares at an average price of 135p on 25
January 2008.

Following these transactions, Ms. Yang's beneficial holding in the Company
amounts to 44,195,026 ordinary shares representing approximately 59.55% of its
issued share capital, of which 4,796,211 ordinary shares representing 6.46% of
the Company's issued share capital are to be made available by Ms Yang to the
Company's employees through the Company's Employee Benefit Trust as announced on
19 December 2007.

Any views that this could be another SOLA?

The current price makes the entry point seem very attractive especially as 60% of the shares are taken and held by Mr yang,

Any serious demand and the shares will be hard to get hold of.

83p still looks expensive in this market. Reasonable price would be 50p.

Spain cutting thesolar power subsidies so could be problems for all producers PLUS in Jetion case China control.

In this irrational and highly volatile market we could see the 73p level break.

Jetion says chairman Dipesh Shah resigns, Kow to be interim chairman

50p very soon...

good news yesterday on results AND FUTURE.

i notice hyleo u never post any good news on any company.....r u a sad git wanting everything to fail

2 coming up.........article even gives reason for resignation....he wasnt a chink either......so u dont know hyleo whats going on in company and u will lose big time if u think its going 50p.

From The TimesJuly 16, 2008

Market takes a shine to Jetion
Smaller companiesRobert Lindsay
Perhaps the lesson to be learnt from the story of Jetion yesterday is that of communication, communication, communication. The Chinese solar cell manufacturer announced that it had managed to double capacity at its factory three months ahead of schedule and that it was already running at full strength and the shares rose 4p to 75p.

That is still less than half their float price of 151p a year ago, a slump that has much to do with a perception that it has not communicated well enough with the market. The management changed broker from Collins Stewart to Evolution China two weeks ago and shortly afterwards Dipesh Shah, the chairman and one of the few nonChinese on the board, left. He was close to Collins and he and the broker appear to have been blamed for the shares performance. There is talk that Evolution might orchestrate a secondary flotation in Hong Kong. Raymond Greaves, a Collins Stewart analyst, raised his earnings forecasts by 10 per cent to $24 million and reiterated his target price of 200p.

Many Jetion directors have defected from its peers JA Solar and Suntech, whose US-listed shares are rated at multiples four times higher than Jetions, and there is talk that either company might be tempted to bid.

Easy ride up to 2 on the back of Renesolas 2nd quarter earnings due out in August.

lol at hyleo.....50p as 83p too expensive....what utter garbage

Scot, 200p with Jetion, did you dreamt about it?

Jetion market capitalisation has halved since its IPO in July, 2007.
Certainly tells a lot about the company.
Too much hype but no performance with directors blaming on broker for its poor performance.
The directors are to blame!

Garbage company.

Sorry to say but hlyeo is right again. I once own this at 110p.

73p today

Thanks for agreeing with me.

I totally disagree.
From an operating perspective this business has consistently delivered since coming to AIM.
The falling in mkt cap says nothing aboput the company but everything about the market

Worth having a look at the latest note on Investors Champion www.investorschampion.com

Energeticbacker, if Jetion is so good, please post the latest note on Investors Champion.

Don't believe the Investors Champion...a lot of poor recommendations from personal experience.

64p now...Jetion is a loser with a new low again

Hey, what a surprise, it's 51p.

Where's my dear friend, scottie who has been trying to ramp JHL to 200p?

New article, click HERE

Another new low for Jetion...27p. This is a dead stock. SELL.

http://www.growthcompany.co.uk/recommendations/990137/jetion-holdings.thtml

GCI says sell it seems.

Jetion Holdings - REDUCE
Companies: JHL
23/01/2009

Fast-growing Chinese solar cell maker Jetion Holdings says trading conditions are improving after a poor fourth quarter.

Based in Chinas Jiangsu Province and quoted on AIM, Jetion reports that output of solar cells increased 82% last year to 65.3 megawatts, with module production ahead 428% to 43.3 megawatts. In an optimistic trading statement, the company, which lifted pre-tax profits nearly fivefold to 8m in the first half of last year, says it doubled solar cell manufacturing capacity to 100 megawatts a year and upped annual module making capacity 50% to 60 megawatts, achieving capacity utilisation of 97%.

Jetion, steered by chief executive Roger Gai, warns the fourth quarter of last year brought a substantial reduction in trading conditions in the wider solar market, though the company says this was offset by reduced prices of the raw material, silicon. Citing a current order backlog representing a significant portion of the companys capacity for 2009, Jetion says that its management believes the business has entered the current year well prepared for a normalisation in trading and reduced volatility.

Gai argues that the company is well placed to continue to strengthen the business while taking protective measures in these difficult market conditions. The stock market fall has taken Jetion shares down to 30p, significantly below our last comment, and it looks appropriate to cut some of your losses, while holding some for longer-term recovery potential.

I don't trust the CEO of Jetion, Roger Gai - he has no credibility - stay away from Jetion.


Jetion - an awful announcement this morning!
Posted 09/04/09

They might produce high performance solar cells but communication is distinctly low performance a further illustration of the risks associated with investing in the shares of China based small caps!

Having announced in January that they would meet market expectations Jetion has now issued a trading update stating that profit before tax is now expected to be reduced by approximately US$5 million and that profit before tax will be below market expectations - but not below US$20 million!

Despite the seemingly lowly valuation (c3x December 2008 numbers, havent a clue now for 2009!) managements credibility is surely destroyed with todays statement.

Management confirmed that the audited results for 2008 will show sales and gross profit in line with market expectations but as the audit has not actually been completed could further surprises await!

A sudden change of accounting policy relating to additional provisions against inventory and prepayments to suppliers has been the cause, but surely this was known!

Additional provisions against inventory and prepayments to suppliers at the year end total approximately US$3 million. Of this figure, US$1.8 million relates to prepayments to suppliers for silicon raw materials that, whilst paid for by the Company, have not yet been received post the year end. Does this mean that the suppliers in question have gone out of business?

How many more accounting adjustments can we anticipate?

Even the house broker agrees that management should not have made the January statement without knowing what the audited results would look like.

Nevertheless, the market seems to like the latest set of figures, sp up 22%:
MoneyAM
Solar power group Jetion Holdings pre-tax profits jumped 328% to $20.1m.

Sales for the year to the end of December rose 141% to $250.9m and gross profit increased 168% to $40.8m.

Earnings per share rose 160% to 24.0c.

Chairman Gabriel Kow said: "I am delighted to report another year of strong growth during 2008.

"Despite the turbulent market conditions that emerged in Q4 2008, the company has established a strong foundation to deal with the challenges ahead.

"I continue to be optimistic about the company in 2009 and strongly believe that we will continue to move forward in accomplishing our goals."

who are the idiots justyi and hyleo on this?

justyi seems to know the chairman in china!! so where in china are you justyi?

hyleo says sell at 27p.....duh, 150% up since then!! what plonkers as almost all shares were bashed back then. although i dont hold, i think this could be a good growth stock and todays figures seem very good across all ranges.

The results were positive even if the outlook was still concerened over the present credit crisis and economic situation.

This is a good "intro" into what will hopefully be even better results than JHL coming from CHNS on the 28th.

CHNS is getting lots of work from China Mobile, China Telecom and also China Unicom, and the spend these three are doing from now to 2012 is astronomical.

CHNS should be able to say to the market in their outlook that its all pretty positive and no concerns or worries over this year, or next, or the year after that.

Bad update, not only trading but management too.

http://www.investegate.co.uk/Article.aspx?id=200906170724120229U


.

Didn't I tell you about Roger Gai in post 43, he is a crook.
Only people like marni will be taken for a ride by this kind of people.



Jetion dismisses CEO over links with competitor
Business Financial Newswire


Solar cell firm Jetion Holdings has dismissed chief executive Roger Lijin Gai and three senior managers of the Chinese trading subsidiary over links with a competitor.

The board believes that Gai, together with the three managers, are the operators of a business in direct competition to Jetion.

The business is a producer and exporter of solar modules.

Jetion says Gai failed to disclose that his wife was a shareholder in the competing business and public records show that close relatives of the three managers are shareholders.

The board believes that, by their involvement in this business, these individuals have committed serious breaches of their fiduciary duties to the company and have material conflicts of interest.

Investigations into the circumstances giving rise to their dismissals continue and the company is taking further legal action.

The company said sales are ahead of last year but prices are down by around 40% and profits for the full year will be lower than previously expected.

justyi

i aint got this but just like most others get fed up seeing your drivel of telling folk to sell.......others make their own mind up and most dont look at bulletin boards anyway.

anyway we all know hyelo, justyi etc are same person with a minus iq......probably fat, ugly with nhs specs too

oh and its still more than 50% up from 6 months ago when hyleo predicted sell.