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

And finally, a thought on where the SP is headed.

Given that SOLA management has been out on the road in the US, I would expect to see more substantial rises in the next few days/weeks as the American insitutions get on board. How much of a premium they may be prepared to pay for future earnings, I am not certain, but if the consensus price target for end 2007 is 800p as per Merrill Lynch, then 700p ought to come up quite fast. Obviously some other solar co's have been carrying PE's of around 100. Not sure if that will happen in this case, but I think that, barring any accidents, we'll definitely see a continued rise in the SP, which may go further if analysts start outdoing each other wiith their forecasts and/or Merrill's revises its targets upwards after the next trading statements or financial results.

The thought that the Fidelities of this world might try to get in for their typical 3 - 6% of a company suggests that this one could run for quite some time.

All IMO - perhaps some industry pros like Ian could offer their thoughts.

Okay Fundi - and its a good point too.

Hoever, for the reasons just outlined in #378, with American investors being invited to the party - and on the evidence of the rapturous uptake of solar stocks in the US it seems clear that they will attend in force - I think this stock is going to go a fair bit higher yet.

But don't let me stop anyone from doing some sensible trimming of their portfolio. However, thinking back to my time at the bank (before I got sick), I could just imagine how we'd start to see trades of this stock creeping in as fund managers add it to their portfolios. Lovely !! :o)

ST

there may well be further to run medium term on fundies but looking at some of the technical signals this is way overbought and at some stage has to take a breather which will lead to profit taking - its only natural reaction to the danger of huge profits disappearing

Well done you guys - I do like to see success stories and people making some momey. Congratulations to those of you who saw the potential of this in August & September and stuck with it. Jealous - me - not a bit !!!!!!

Quite possibly.

Cheaper now all of a sudden: SOLA Bid: SOLA Bid: 493p Offer: 494p Change: 30.5


Funny, there was a tree-shake (or at least a similar dip) at the end of the first half-houror trading yesterday morning as well. Could be the effect of all the overnight PI business going through, followed by a bit of hard work by the MM's to get today's institutional stuff away, but WDIK. I'd give better than even chances of this finishing the day over 5.

The tiny spread looks like a buy signal, but again, I'm not expert.

Baza, it was there in the figures, and still is, although admittedly not quite as cheaply.

Why not console yourself with a nice dollop of GTL, which does appear to be cheap at present.

Soul T - Am afraid I am a novice when it comes to interpreting figures - but well spotted anyway

sure, we all have to start learning somewhere. Best of luck with your current holdings.

still +30p on yesterday, so what's the grizzle for?

Me no grizzle. If you read back a bit you'll see I'm happily predicting further rises :o)

Morning all,

Firstly we have taken some more off the table at 493p. We still hold what used to be 60% of our core holding but cannot justify not taking such substantial profits in such a short space of time. Our requirements are, of course, a little different to private investors and we still believe there is considerable upside potential in the share price.

The tome from Merrill Lynch, the presentations in the USA etc etc will provide firm support. However it is coming close to the end of the year and there are some institutions who will take the opportunity to lock in profits to massage their end of year figures (those bonuses need to be justified !!!).

There will be days when the share price will be marked down severely on very little volume - the trick is not to panic (or indeed use the opportunity to top up if you need to).

However we are looking at one or two other Companies that look distinctly undervalued and will use our SOLA profits to take a position.

Ian

Good morning Ian,

Thank you for that sage and very balanced update - much appreciated.

Those other co's sound interesting - I wish you success with your stockpicking!

SOLA Bid: 478p Offer: 482p Change: 17

SP has bounced off the day's lows of around 465. Could it be that buys are starting to come through from the US?

stop getting over-excited or you'll fall out of your wheelchair, if someone doesn't tip you out first

:-) !

LMAO.

Would you push me along the promenade, please, Cynic - the sea air calms me down (until I start thinking about SubSea Resources, at least).

that was very interesting just now .... decided to take my SOLA money off the table for w/e ..... guess what! ...... exceedingly difficult to shift my paltry 5000 shares, even though there are 3/4/5 MMs for the stock including Merrill .... the latter was not at all interested at even 1p below the notional bid ...... anyway, still made about 18p nett per share since buying yesterday, so not exactly any valid complaints ...... but watch out guys!

back to 3.50 or less within the next 3 weeks, wise move cynic, i sold out on 5th at 3.60 as that looked pretty overcooked to me then, must be all those ovens.

don't know whether or sp will fall back to 370 or perhaps even lower .... however, it is clear that MMs have plenty of stock on their books

From across the road, somebody needs to sort this out with the management?.

Wont look good to the Yanks........

just one concern from the roadshow pp presentation renesola did in usa just now, operating profit ok but renesola is apparently making a loss....probably a glitch by the cfo but not exactly confidence inspiring:

1Q06 Op Profit $1496 net profits for year (as they call it) $-36
2Q06 Op Profit $5046 ditto $-109
3Q06 Op Profit $7923 dittto $-303

check for yourselves at: http://www.renesola.com/download/Presentation.pdf

on page 12. Maybe this is a local chinese accounting covention (?) or something, but it has certainly got my sphincter going somewhat.

Either its a mistake which is a bit scary at this level or they are making a bottom line loss that isnt explained anywhere...

can anyone shed any light?

ps i am accountant who can't add up myself...