Read the latest interims.......just make sure that you are sitting down.

you and i actually agree in principle ..... i was only questioning the reason behind the recent rise .... certainly would not now be shorting! .... which is NOT the same as saying i shall rush out to buy either!

Good call, pth. Another little nudge up next week would be appreciated & I will then take some profit!
Don't suppose you know the lottery numbers for sat? :o)

Ask Evil to pick 43 then do the other 6 :-)

Harry - I wish :)

first acid test tomorrow morning with the announcement of Q1 figures and a subsequent conference call ...... good luck to all holders, of which i am not one ....... i shall be in lovely R'dam (pooh!) for the day so will miss the excitement.

Ill be very interested to see what that cash flow position is like.

They can announce as much volume uptake as they want but if theres cash outflowing at the rate its been going in the past this ones a big sell.

cynic, just to tell you what a dramatic start for SOLA this morning ... sp climbed up rapidly to 600p within minutes...now 555p. Enjoy Rotterdam.

Sales hardly moved on previous quarter, gross margin down again (albeit not by much), stocks up another $15M, cash still flowing out fast before bond proceeds/new bank loan. Prospects remain exciting if you believe the hype, but think I will stay with the easier ones to understand for the time being.

Results far worse than I thought.

I see the spin doctors over on the other board are trying to mask the companys underlying problems, mainly Sola doesnt generate cash.

The rise this morning is everything down to production capacity estimates increased but if you delve deeper you will see that margins are being erroded quarter on quarter by a combination of increased raw materials costs, increased bank borrowing charges and production inefficiencies. Inventory levels also increasing which is a worrying sign.

Cash outflow on operating activities was $8,540 million and the company accounts show a profit of just around 3 million.

The bulls on this stock can puff and puff but the accounts show the company as minimal assets, is cashflow negative, as increasing bank charges to pay and margins dropping, and quite frankly it looks like the management are not able to control the companys growth.

Its way way overvalued.

Sour grapes from someone who missed the boat .

Frankly wouldnt have touched this one with a barge pole.

Can anyone give a valid case as to why its trading at such a massive market premium to its assets?. AND WHY CANT IT GENERATE CASH????????????.

Its ok reporting a paper profit, but the case is that its not banking any cash profit.

Its wide open for bears to take it to the cleaners.

Ask the company's auditors!

wall street tumbling yet again which, unless there is a late recovery, must surely reflect in london tomorrow ..... having glanced at today's posts here, the figures sound far from brilliant, so i would be quite surprised if, one way or another, SOLA does not take a bashing .... we shall see

Hedgehunter -so amusing.

Had another deeper look at the results yesterday and apart from promises of higher production capacity by the year end everything else is very negative, indeed if you compare it to the quarter before you will find that key indicators are slowing up or in fact have gone backwards.

NB, by the year end aswell the big US competitor (mentioned earlier in the thread) will be swinging into production.

for all that, sp has remained very stable today relative to many others.

It is surprising that so many are very positive about sola and can quote the figures as if they have gone through with a magnifying glass plus Merrill Lynch etc giving fair value as 8 plus. If they go for a nasdaq quote they will have to issue shares as there are so few in free float--if they didn't do this and went for nasdaq the price would go ballistic!! this would certainly help the funding of expansion etc. It baffles me that some can look at the same picture and see only doom and gloom!! I'm married to one--and I'll never understand it!!!

Those accounts are doom and gloom Im afraid to say MP.

Sooner or later it will be found out. It cant float upwards on puffery for ever.

Competition starting to surface, no barriers to entry in the market for sola...

Silicon supplier prepares float
07/06/2007

Oxford-based PV Crystalox Solar, a supplier of highly sought-after silicon to the solar panel industry, is expected to join the LSE's main board in a flotation valuing the business at 524 million.

Chief executive Iain Dorrity, who along with other management owns 84 per cent of the shares, hopes to raise a total of 210 million. The company will receive only 50 million of this, with the remainder allowing existing shareholders to sell down their stakes.

The company has been operating in the sector for over 20 years and has been profitable for the last five, selling the majority of its silicon ingots to Japan, with the balance processed into wafers at its plant in Germany. Said Dorrity: PV Crystalox Solar has a strong track record in a sector that is experiencing strong growth, and the IPO will give us the ability to take advantage of the opportunities available in our markets.

JPMorgan is sponsor, financial adviser and sole bookrunner to the float, which sees first dealings pencilled in for 11 June. The shares, priced at 130p, may see some support based on the success of Chinese silicon recycler Renesola, up tenfold since its float last summer.

Oliver Haill

" may see some support based on the success of Chinese silicon recycler Renesola, up tenfold since its float last summer. "

'Nuf said.!!!!!