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

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

'Nuf said.!!!!!

I see that solar provider Yingli Solar (think the ADR is Yingli Green) floated on Nasdaq this morning - could be worth watching?

You're working up quite a head of steam on this one goldhedger. It's clearly not a stock which you find attractive. So whey keep bleating here. Why not move on, unless...you're shorting it?

Is that what you're doing?

GF has slated this stock for months, whilst watching it slowly growing into a mamooth. Shorters have came and gone, and still it grows at a steady rate.
Ever-increasing staff and production facilities are being financed from incoming cash.
I know 'nowt, but I do know that GF would have been a damned sight richer than he is at the moment, ( claims to be a millionaire.? ) if he had bought in at the float of SOLA instead of adopting his usual stance of sitting on the fence. His 'arse must be getting sore by now.!!

Hmm a slip of the key board it would seem from the above poster....

kitosdad - 10 Jun 2007 14:48 - 1064 of 1064
Ever-increasing staff and production facilities are being financed from incoming cash.

Obviously meant to say being financed from borrowings

and lets not forget the bond issue represents 10% of the whole companys market capitalisation. Once the price is hit, just work out the dilutive effect and the forward P/E ratio..................way way overvalued.

goldfinger, I've been watching PV Crystalox Solar and bought in today. Looks like a nice one for the ISA again for medium term gains. And it hasn't moved much from float price.

" ONE of Aims bright and dazzling stocks has been ReneSola. The solar panel maker floated at 79p in August and in February struck a breathtaking high of 639p. ReneSola has defied all those investors who have poured criticism on Chinese companies. It also stands out from others on the market as it has a market capitalisation of about 550m a valuation large enough to qualify for entry into the FTSE 250. "

GH, Ill have a further look, cheers.

Reply I gave to one of the more prominent bulls of this stock this morning on another board....

If you check the cash flow statement again you will find that the spending you refer to is included in INVESTING ACTIVITIES and quite rightly is a negative figure (17,642)and is cash used for capital building of the business, but if we look at the cash flow on OPERATING ACTIVITIES ie, the day to day operations of the business we find that there is a net outflow of cash of (8,540) and this as been the case in the last four quarters which clearly shows SOLA does not generate cash and thats why its needed to borrow and raise cash in the last 12 month or so.

Increasingly worrying also is the number of debtor days which is piling up as is also inventory levels.

The company as only $96,746 net assets which is about 48 million but yet trades on the market at a market cap of 550 million which is a 1045% premium to its assets, which quite frankly is perverse. Yes companys especially growth companys should trade at a premium to assets, but this figure is totaly ludicrous and makes the company way way overvalued.

The crunch point will come if it reaches the 5.88 conversion rate on the bonds which were issued to aid growth and reduce the problems of the net cash outflow.

The bonds only yield 1% per annum and in uncertain markets like we have at present I can see the institutions cashing them in immediatly which would result in a 10% dillutive effect on the companys market cap. This coupled with increasing tax charges will push the rolling P/E of 34 to extreme highs which could not be justified.

The daily rags can blather away as much as they like they are there to sell sensationalism but the facts are that this company does not generate cash, is way overvalued and in my opinion will become a big sell in the very near future.

Morgan Stanley said: Given a strong growth outlook for the coming quarters, we maintain our overweight rating on the stock.

Bloody hell.!!!!!! Have MS made a big mistake going overweight in SOLA.?

I wish Morgan Stanley would make their minds up

6 June 2007, 4.55pm

Stock market investors should brace themselves for a massive sell-off to rival that of the dotcom bust at the beginning of the decade.

That was the claim made today by Morgan Stanley, which is urging clients to begin reducing their exposure to the stock market or risk notching up huge losses. The US broker says three key warning indicators have begun flashing a 'full house' sell signal for the first time in eight years.

>> FTSE crash warning

Chief European equities strategist Teun Draaisma warns the mid-cycle rally is over and the triple warning is a 'very powerful' signal that has been triggered just five times since 1980.

He points out that interest rates are rising and reaching critical levels. His model is forecasting a 14% correction over the next six months, which would leave the FTSE 100 index almost 1000 points below current levels. But he warns it could be even more serious than that.

Morgan Stanley's MSCI index of 600 European and British equities dropped by an average of 15.2% over six months after each 'full house' signal, with falls of 25.2% after September 1987 and 26.2% after April 2002.

Draaisma's model is a composite valuation that divides the price-earnings ratio of companies by bond yields.

'It measures median share prices that capture the froth of the merger boom, rather than relying on a handful of big companies on the major indexes,' he explained. 'Investors are taking far too much comfort from global liquidity.'

Not far to go now for the 5.88 bond redemption price.

Thats when the fireworks will start.

'not generating cash' LOLs
Keep trying tinfinger. It's fun watching you get sweaty over this. I hate Mondays but they're much more fun with you foaming at the mouth.

Never mind ML not being able to make up their minds. You should too. You keep bleating it's going down but you say it will go up to the 588p bond price.

Make Up Your Mind before you GO OuT oF It!

Far to much puffing going on with this one. Way too high and too much froth on the top.

The crazy puffters from adfvn can talk it up as much as they like but the fact is the over inflated fundies will catch up with it in the medium term.

Its just a matter of time.

GF..... when you find yourself in a hole, stop digging. You are going to make such a fool of yourself with your inane prediction. Are you ever going to stop griping about SOLA.?
Go check on Delling and SMC ... two of your previous fatalities.

Who needs reality T.V. when we've got the SOLA bulletin board?!!!
If you're not careful, you will both find you have been signed up for the other Ch4 'BB' & then you will have to live together!

could find easy arguments to either buy or sell SOLA, but either or even both could be right or wrong ....... so, as not sure what direction this share is going to take at the moment, shall just sit and watch

Harry... YOU'RE FIRED.

To be fair to Goldfinger I am repeating this, as I've posted it on the other side, :

" GF is not really a bad guy. He just doesn't realise that giving out predictions that go wrong can leave you looking such a fool. I know the feeling well, having fallen in love with BPRG some four years back, and still nursing about 40k loss, but hanging in there on a dream."