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

Well cynic some get right some get it wrong,thats the name of the game,for you better luck next time.

I think more action is to follow when us opens.

quite right .... greed is always likely to catch one out, as it did this time

by the way all you guys who are long, do watch out for the all time high at about 640 ..... sp nearly touched that this morning, and that tends to be quite a formidable obstacle

200p to over 600p in under 2 months

Best to ignore EK rent a crowd.

nevertheless, pay attention to that all time high

Too volatile for me, but those apparently stunning figures still show huge usage of cash from operations ($62M in 3 months). Profits can be manipulated, but not so easy with the cash. Personally, I would be wary.

Good close tonight,more to come i hope tomorrow,this should hit the 7 pound mark this week or next,in between the profit taking than who knows.but atleast the results are out of the way.how can the profits be manipulated,i dont understand.

Didn't I told you guys to keep buying SOLA just 3-4 weeks ago?

you were right .... i was def wrong! .... but confess to amazement

ateeq - many businesses which go bust have been profitable (e.g. check out HTP earlier this week. I would put Northern Rock in the same category) but they fail through lack of cash. There are many ways of manipulating profits. A couple for you - SOLA shows stock valued at $156M as at end of March, up from $110M at end December. Just suppose (for arguments sake only) this stock is in reality only worth $120M, then they would actually have made a loss in the quarter. Again, different businesses have different methods of booking sales, which can in reality turn what is really just an order into a sale (and thereby into the P&L account). Cash is cash (unless its Langbar) and even the most incompetent auditors can check the bank balance with some accuracy!

Profit taking day,its boring to see this not doing much after yesterdays action.

Guess most of you guys are traders rather than investors, so may be sitting on large recent gains in SOLA. I am not a holder, but enjoy crunching balance sheet numbers and a more detailed look at quarterly cash flow flags up a couple of issues to me. I do not know the business well enough to gauge whether this is appropriate, but at end of March SOLA had provided its suppliers with advance payments of $88M, up from $54M at end of December. It had also lent $36M to "Related Parties", up from $13M at end of December. Of these payments, $72M had been received up front from SOLA own customers. Begs the question why SOLA has to support its suppliers to such a great extent (who are they, is this cash being properly used?) and what pressures would there be if their own customers draw the line on up front payments. Also, who are the "Related Parties" and why do they need $36M from SOLA. Probably simple answers, but the numbers large enough to frighten me - can understand why some are banking gains today, but good luck to those brave enough to hold for the ride.

much depends on the trust one places with the chinese, their accounting methods and genral business ethos and ethics

All very encouraging, still considering taking a little money off the table now but the run definitely looks for higher levels now.

Cynic did you say 640p was the level to watch?

i did indeed ..... it's the point of the all time high and often or even usually proves a stubborn resistance

Also should consider what happens US. It was up 18% last night which explained the gap up this morning. I think the US likes these sort of company more than we do! Someone on other BB posted a broker's target is $40 (currently $26.31). This would equate something like 1000p!

don't be silly ..... divide by approx 4 not 2

Yes cynic!
currently in US its $26.31 with target of $40 divide that 4 gives 1000p!
Thats what I said Silly!