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.

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."

who are the idiots justyi and hyleo on this?

justyi seems to know the chairman in china!! so where in china are you justyi?

hyleo says sell at 27p.....duh, 150% up since then!! what plonkers as almost all shares were bashed back then. although i dont hold, i think this could be a good growth stock and todays figures seem very good across all ranges.

The results were positive even if the outlook was still concerened over the present credit crisis and economic situation.

This is a good "intro" into what will hopefully be even better results than JHL coming from CHNS on the 28th.

CHNS is getting lots of work from China Mobile, China Telecom and also China Unicom, and the spend these three are doing from now to 2012 is astronomical.

CHNS should be able to say to the market in their outlook that its all pretty positive and no concerns or worries over this year, or next, or the year after that.

Bad update, not only trading but management too.

http://www.investegate.co.uk/Article.aspx?id=200906170724120229U


.

Didn't I tell you about Roger Gai in post 43, he is a crook.
Only people like marni will be taken for a ride by this kind of people.



Jetion dismisses CEO over links with competitor
Business Financial Newswire


Solar cell firm Jetion Holdings has dismissed chief executive Roger Lijin Gai and three senior managers of the Chinese trading subsidiary over links with a competitor.

The board believes that Gai, together with the three managers, are the operators of a business in direct competition to Jetion.

The business is a producer and exporter of solar modules.

Jetion says Gai failed to disclose that his wife was a shareholder in the competing business and public records show that close relatives of the three managers are shareholders.

The board believes that, by their involvement in this business, these individuals have committed serious breaches of their fiduciary duties to the company and have material conflicts of interest.

Investigations into the circumstances giving rise to their dismissals continue and the company is taking further legal action.

The company said sales are ahead of last year but prices are down by around 40% and profits for the full year will be lower than previously expected.

justyi

i aint got this but just like most others get fed up seeing your drivel of telling folk to sell.......others make their own mind up and most dont look at bulletin boards anyway.

anyway we all know hyelo, justyi etc are same person with a minus iq......probably fat, ugly with nhs specs too

oh and its still more than 50% up from 6 months ago when hyleo predicted sell.