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Renesola - want to see huge growth ? Look no further !! (SOLA)     

whatuwant - 21 Aug 2006 13:28

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

Chart.aspx?Provider=EODIntra&Code=SOLA&S

kitosdad - 23 Aug 2007 15:42 - 1770 of 3050

Hi GF .... millionaire extra-ordinaire in an Internet Cafe on his hols. I 'aint losing a penny Pal. Went long at 345 & 355 and baled at 350p so even-steven, plus 22K in the bank.

How much have you made after months of deramping ? ... not a pfennig.!!!!

Unless you WERE short, in which case you are a self-proven LIAR.

Have a nice holiday Scrooge.

Greyhound - 23 Aug 2007 15:49 - 1771 of 3050

Afternoon, crikey, just checking in from the beach. Pleased to have got out yesterday following further thought of Gfs sucker rally comment, so cheers gf! Short again today and looking briefly at chart would expect to see further falls again.

kitosdad - 23 Aug 2007 16:31 - 1772 of 3050

Me too, but I 'aint short, nor is GF. LOL.

Big Al - 23 Aug 2007 16:31 - 1773 of 3050

I am. ;-)))

kitosdad - 23 Aug 2007 17:32 - 1774 of 3050

Well done big Al. I've no complaints about guys winning when they have put their cash on the line.

BigTed - 23 Aug 2007 17:47 - 1775 of 3050

well GF might bleat on a bit, but he has been calling this one correctly for weeks now...

Big Al - 23 Aug 2007 18:27 - 1776 of 3050

If there is one thing you must keep in the markets, it is objectivity.

goldfinger - 23 Aug 2007 20:59 - 1777 of 3050

Lifted from ample....

Ek has said more profit warning will be issued. Bai was lucky he got supported by institution in the 550p region with the bonds . I can't believe he wants more funding to expand a company that is already underperforming and under pressure on margin. Smells like a disaster is brewing.

goldfinger - 23 Aug 2007 21:01 - 1778 of 3050

Those coming in late should read this update from Bloomberg, probably the most significant news article of the day, notice its bearish undertones and really points to the problems sola is facing just not in the immediate future but also longer term..........

ReneSola Has Record Decline on Lower Output Forecast (Update1)

(Adds raw material shortage in third paragraph, analyst
comment in fourth.)

By Trista Kelley

Aug. 23 (Bloomberg) -- ReneSola Ltd., the world's largest
recycler of scrap wafers used in solar panels, had a record
decline in London trading after the company said output in 2007
may be as much as 20 percent lower than forecast.
ReneSola shares plunged as much as 99 pence, or 27 percent,
to 288 pence, the biggest drop since the company first sold shares
in August 2006. The stock was trading at 288.25 pence at 2:18 p.m.
in London.
ReneSola, based in Zhejiang, China, plans to build a factory
to make the polysilicon used in its solar products amid an
industrywide shortage of the material. As government efforts to
boost the use of alternative energy help lower the price of solar
power, increased costs of polysilicon, also used in computer
chips, is eroding profit at companies such as ReneSola. LDK Solar
Co. last month said it will also make polysilicon to secure its
own supply.

``Solar companies have to compete with chip manufacturers for
polysilicon,'' John-Marc Bunce, an analyst at Ambrian Partners
Ltd. with a ``buy'' rating on ReneSola stock. ``There's an
undersupply issue, so the price has remained extremely high.''
ReneSola reduced this year's output target to 120 to 125
megawatts from an earlier forecast of 150 megawatts, the company
said today in a PR Newswire statement. ReneSola plans to nearly
double overall wafer production capacity by 2008 amid a surge in
global demand for solar panels, which according to the company is
doubling every two years.

Confidence

``Based on the delays, it's now questionable whether the 2008
targets for capacity output are achievable,'' Bunce said. ``It's
going to take a couple quarters of solid results for investors to
regain that confidence.''

The gross operating margin for the three months ended June 30
dropped to 21 percent from 33 percent a year earlier, ReneSola
said.

The output delays will have an ``adverse impact on our
financial target for the year,'' it said.
ReneSola's net income for the quarter rose 7.5 percent to
$5.43 million from $5.05 million the same quarter a year earlier,
the company said. Sales almost tripled to $45.6 million.
ReneSola shares have fallen 33 percent this year, valuing the
company at 284 million pounds ($567 million).

--Editor: Richards (dss/cms/ams).


ptholden - 23 Aug 2007 21:07 - 1779 of 3050

ADVFN must be a giggle at the moment. No doubt lots of gnashing of teeth, anyway reached my 250p target from months ago :)

ptholden - 23 Aug 2007 21:32 - 1780 of 3050

I wouldn't disagreee, found support today at 237p but can't see that holding, 212p next stop and then pick a figure. Wouldn't be surprised to see 100p. SOLA are seriously upsetting the market and are seemingly failing in most areas.

pth

Big Al - 23 Aug 2007 22:02 - 1781 of 3050

I'm short

Dil - 23 Aug 2007 23:06 - 1782 of 3050

Hi shorty I'm about average , 180p next target:-)

Lets put this into perspective , GF being calling these short for 9 months and missed out on a good rise , he still aint making money now they're falling so whats so bloody clever about that ?



goldfinger - 24 Aug 2007 01:56 - 1783 of 3050

Dil?.

Next one up is haike. My man from the East tells me this one is a dodgy outfit.

Still to have a look at it, but he says its something to do with chemicals.

Will be back from hols tuesday so I should have more news then.

kitosdad - 24 Aug 2007 07:19 - 1784 of 3050

Dil, that is my entire point with GF. Why spend so long bleating about it, and not short it ?. It does seem a simple enough question.

Big Al - 24 Aug 2007 07:29 - 1785 of 3050

If memory serves he does not short, preferring to invest.

kitosdad - 24 Aug 2007 08:04 - 1786 of 3050

LOL.

Big Al - 24 Aug 2007 08:38 - 1787 of 3050

Didn't realise that was humourous

Dil - 24 Aug 2007 08:57 - 1788 of 3050

Re Haike ... then short the bloody arse off it GF and get off the fence :-)

kitosdad - 24 Aug 2007 09:00 - 1789 of 3050

Oh but it was Big Al ....

Dil .... he won't, he's an investor.!!!! LOL.
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