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

15% to 17% dilution says this is not such a good deal.

heres my original post on sol ipo on nyse.....

Total of $119 million underwritten, and not $130 million, see post above.

and as for trading at a huge discount, throw in the dilution of

bonds 10%

employee scheme 7%

and now this defunked IPO 17% and the total prospective dilution is

a grand total of 34%.

Dont have to tell you how this will now affect the P/E ratio going forward.

Watching initial reaction on the Dow.ENDS

now we add in a further 17% for this share issue and we have a potential grand total 51% potential dilution.

yes 51%.

EPS diluted, P/E forecast far higher than the one used by analysts promoting this stock and my calcs show its trading at a premium to peers within the industry.

Add in the over supply situation of wafers within the industry and the fact that sola STILL does not generate positive operational cash and the story here does not look so good as first thought.

Watching with interest.

Seems a good deal and after disgestion and the expected fall due to dilution worries slao will be flying north again.
the Yanks just love this stock if you read the US bb's.
They love to trade on ups and downs and with Sola you have as they say got the real deal.

if Dow tumbles further, which is very much on the cards, then SOLA will be whacked ...... regardless, i would expect to see SOLA ADRs (aka SOL in NY) trading at $19.00 or less within a couple of weeks, and goodness knows how low ($15.00?) if Dow really turns sick

If the Dow tumbles on oil price fears cynic than this will benefit Sola-stay long.

no thanks! ..... took my profits yesterday and am happy to stay neutral with a possible view to short ...... Dow is likley to tumble, but not necessarily because of continued rise in oil (Nymex) ..... imo, Nymex level is now very bubble-like, but i thought that $5.00 or so lower!

Strong finish in US up 3.5% despite the tumble on DOW. The volume traded 8m+

looks strongly as though the managed support has been withdrawn now that the second offering has been successfully launched.

to short or not to short? ...... probably shall, even though away on hol

did so at 514.5

my only little glimmer of sunshire today in a seriously bleak market

falling like a brick in NY (so are most stocks) ..... currently down $1.50 at $17.57, though not sure where it was at London close, but certainly not this low

Might be good time to have another long punt. Volatility all round but the 450s could well hold.

set to head south again tomorrow as looking weak towards close in NY

The graph is more obvious now...shorting from 380p.

Very quiet here in SOLA today. Another south day tomorrow.

Corker of a short.

Looks like 310p next support level to take out.

Just using a trailing stop loss. Easy money, I just knew this one would suffer going into the summer months.

324p now...looks like 310p support is unlikely to hold up

when it gets back to 200p, I'll buy

took profit yesterday, but unable to reopen short this morning

cynic.

Are shorts becoming more difficult and more expensive to get?

you need a counterpart to lend you the stock and also IG, through whom i deal, are up to their internally imposed limit

which makes me wonder if it is more and more difficult to short, is this a sign the market has nearly bottomed as people switch to going long?

Just a thought based on little knowledge!