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

Or constantly deramping ..... WHY????? ...... he 'aint got a penny in it either way.

SICK, or what.??????????????????????????

Personally I don't care if it falls to 2 quid, I'll still hold. Just trading shares for me now, but have to question this guys mentality.

Why don't we have a filter button.?

By the way, he has been banned from ADVFN, otherwise he would be spouting his venom on the SOLA thread there.

Never was able to answer any of JT Cods figures though. Too smart for him.!!!!

kitso, there is a filter button, click on user and 'squelch'

PTH, I am indebted to you. Many, many thanks.

GF, consider yourself well and truly squelched.

What a blessed relief.

Increased my short.

help"!

Dont blame you Gh.

Been having a look at the accounts again this lunchtime and I can tell you that solas debt position is far worse than I thought originally. In fact if it werent for them issuing all those bonds the net cashflow out would be in a far worse predicament than it is now. And thats bad.

Strange how the bulls all throw a tantrum when things arent going their way.

I reckon if you TAers drew a chart of Investor sentiment/displeasure and laid it over the chart for sola the two would match exactly.

LOL cyn...... hang in there. Tomorrow is another day. :-)))

Wey, it really is going to the dogs now.

A sea of red.

Only consolation is that my long in SOLA was down less than CART.

Considering the carnage today thought SOLA held up pretty well under the circumstances

Can see this one falling apart tomorrow.

Now that the trading day is over Ill bring that small matter of debt back up again.

At the end of the last financial year to 31/Dec/2006 Solas Debt to Equity ratio (Gearing) stood at the high level of 20.1% .

Then checking the first quarters figure I have found it to be escalating to a shocking 47.5%, and remember this does not include the 105,449 million* of convertible bond payables.

The servicing of the debt obviously effecting the cash flow of the company, and little wonder its been a negative figure on cash flow operations for the last 4 I/4trs.

This company in my opinion is being proped up by debt, it remains to be seen if the management can deliver.

* figures in dollars.

"help" was merely because i have been having inordinate trouble posting here today ..... have taken plenty off the table in recent weeks, though i cannot imagine that tomorrow is going to be very joyful (except my SOLA short - sorry guys!)

btw, have also gone long Cable at 20489 on the basis that $ could well weaken again to 20700 or thereabouts

Just had a look at the chart, SP found support at 491 from the long term uptrend. Dunno if it will hold though.

pth

PTH after tonights Dow ending, I can see 491p being passed easily on the way down and it wont be the only stock heading south.

Problem is sola is a high beta stock with a debt mountain so its going to be hit harder than most.

GF - so far you are wrong with sp only marked down 5.5p albeit with quite a wide spread ...... i too would have expected SOLA to be harder hit, but this has not (yet) proved to be the case

though the market shows 477/490, there are no buyers ..... all except me to close out at 480, which was quickly done ...... no need to be greedy and 50p profit will do very nicely

Cynic, I think quite a few of us have been proved wrong on SPs this morning.

The market appears to be a lot more resilient than a lot thought.

That said this stock for fundamental reasons is in danger of SP collapse. Pi liquidity is at stretching point, liquidity and credit dont go arm in arm in fact theres an inverse relationship between the two.

Theres still a long way to go today.

Well done on the profit by the way.

Distribution of wealth from the numpty puffers to a just cause.............. smile.