I have dipped my toe in this one today--it has the smell of another Sola to me? It may take a while to get going but is profitable and growing. Solar products--a hot area.

good news yesterday on results AND FUTURE.

i notice hyleo u never post any good news on any company.....r u a sad git wanting everything to fail

2 coming up.........article even gives reason for resignation....he wasnt a chink either......so u dont know hyleo whats going on in company and u will lose big time if u think its going 50p.

From The TimesJuly 16, 2008

Market takes a shine to Jetion
Smaller companiesRobert Lindsay
Perhaps the lesson to be learnt from the story of Jetion yesterday is that of communication, communication, communication. The Chinese solar cell manufacturer announced that it had managed to double capacity at its factory three months ahead of schedule and that it was already running at full strength and the shares rose 4p to 75p.

That is still less than half their float price of 151p a year ago, a slump that has much to do with a perception that it has not communicated well enough with the market. The management changed broker from Collins Stewart to Evolution China two weeks ago and shortly afterwards Dipesh Shah, the chairman and one of the few nonChinese on the board, left. He was close to Collins and he and the broker appear to have been blamed for the shares performance. There is talk that Evolution might orchestrate a secondary flotation in Hong Kong. Raymond Greaves, a Collins Stewart analyst, raised his earnings forecasts by 10 per cent to $24 million and reiterated his target price of 200p.

Many Jetion directors have defected from its peers JA Solar and Suntech, whose US-listed shares are rated at multiples four times higher than Jetions, and there is talk that either company might be tempted to bid.

Easy ride up to 2 on the back of Renesolas 2nd quarter earnings due out in August.

lol at hyleo.....50p as 83p too expensive....what utter garbage

Scot, 200p with Jetion, did you dreamt about it?

Jetion market capitalisation has halved since its IPO in July, 2007.
Certainly tells a lot about the company.
Too much hype but no performance with directors blaming on broker for its poor performance.
The directors are to blame!

Garbage company.

Sorry to say but hlyeo is right again. I once own this at 110p.

73p today

Thanks for agreeing with me.

I totally disagree.
From an operating perspective this business has consistently delivered since coming to AIM.
The falling in mkt cap says nothing aboput the company but everything about the market

Worth having a look at the latest note on Investors Champion www.investorschampion.com

Energeticbacker, if Jetion is so good, please post the latest note on Investors Champion.

Don't believe the Investors Champion...a lot of poor recommendations from personal experience.

64p now...Jetion is a loser with a new low again

Hey, what a surprise, it's 51p.

Where's my dear friend, scottie who has been trying to ramp JHL to 200p?

New article, click HERE

Another new low for Jetion...27p. This is a dead stock. SELL.

http://www.growthcompany.co.uk/recommendations/990137/jetion-holdings.thtml

GCI says sell it seems.

Jetion Holdings - REDUCE
Companies: JHL
23/01/2009

Fast-growing Chinese solar cell maker Jetion Holdings says trading conditions are improving after a poor fourth quarter.

Based in Chinas Jiangsu Province and quoted on AIM, Jetion reports that output of solar cells increased 82% last year to 65.3 megawatts, with module production ahead 428% to 43.3 megawatts. In an optimistic trading statement, the company, which lifted pre-tax profits nearly fivefold to 8m in the first half of last year, says it doubled solar cell manufacturing capacity to 100 megawatts a year and upped annual module making capacity 50% to 60 megawatts, achieving capacity utilisation of 97%.

Jetion, steered by chief executive Roger Gai, warns the fourth quarter of last year brought a substantial reduction in trading conditions in the wider solar market, though the company says this was offset by reduced prices of the raw material, silicon. Citing a current order backlog representing a significant portion of the companys capacity for 2009, Jetion says that its management believes the business has entered the current year well prepared for a normalisation in trading and reduced volatility.

Gai argues that the company is well placed to continue to strengthen the business while taking protective measures in these difficult market conditions. The stock market fall has taken Jetion shares down to 30p, significantly below our last comment, and it looks appropriate to cut some of your losses, while holding some for longer-term recovery potential.

I don't trust the CEO of Jetion, Roger Gai - he has no credibility - stay away from Jetion.


Jetion - an awful announcement this morning!
Posted 09/04/09

They might produce high performance solar cells but communication is distinctly low performance a further illustration of the risks associated with investing in the shares of China based small caps!

Having announced in January that they would meet market expectations Jetion has now issued a trading update stating that profit before tax is now expected to be reduced by approximately US$5 million and that profit before tax will be below market expectations - but not below US$20 million!

Despite the seemingly lowly valuation (c3x December 2008 numbers, havent a clue now for 2009!) managements credibility is surely destroyed with todays statement.

Management confirmed that the audited results for 2008 will show sales and gross profit in line with market expectations but as the audit has not actually been completed could further surprises await!

A sudden change of accounting policy relating to additional provisions against inventory and prepayments to suppliers has been the cause, but surely this was known!

Additional provisions against inventory and prepayments to suppliers at the year end total approximately US$3 million. Of this figure, US$1.8 million relates to prepayments to suppliers for silicon raw materials that, whilst paid for by the Company, have not yet been received post the year end. Does this mean that the suppliers in question have gone out of business?

How many more accounting adjustments can we anticipate?

Even the house broker agrees that management should not have made the January statement without knowing what the audited results would look like.

Nevertheless, the market seems to like the latest set of figures, sp up 22%:
MoneyAM
Solar power group Jetion Holdings pre-tax profits jumped 328% to $20.1m.

Sales for the year to the end of December rose 141% to $250.9m and gross profit increased 168% to $40.8m.

Earnings per share rose 160% to 24.0c.

Chairman Gabriel Kow said: "I am delighted to report another year of strong growth during 2008.

"Despite the turbulent market conditions that emerged in Q4 2008, the company has established a strong foundation to deal with the challenges ahead.

"I continue to be optimistic about the company in 2009 and strongly believe that we will continue to move forward in accomplishing our goals."