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

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...

everyone knows that accountants can't add up, and I have already commented on Chinese accounting on another thread! .... Regardless of what may have been reported on ADVFN, I reckon the chances of a sharp correction are much shorter than those of continuing surge ...... Note my post 394

SOLA going down 40p this morning

sure am glad i dumped all mine late yesterday, even though i had to accept a couple of pennies less than indicated ........ sp already down 65 and would not be at all surprised to see a retrace of up to a further 100 ..... there is so much hot money in this stock, that i suspect there will be some forced sales

could go lower than my prediction of 350

Profit taking - might be tempted to buy in if it falls to 320 - 340.

I would wait a little longer personally, last support was 220

support at 420

why?

Steveo, the goal posts have moved pretty considerably since 220p.

There may indeed be some forced sales, but I would expect some mopping-up to take place as more institutions and particularly the US investors get on board.

Goldfinger, you have a point about those profit figures - I thought that SOLA was profitable already, and indeed from the latest quarterlies it appeears to be. Either there is something seriously wrong with the quarterlies, or there is something seriously wrong with the presentation figures.


Got it! If you look very closely, the so-called "profits for the year" , e.g. "(305)" for Q3 2006 are actually the figures taken from "net finance cost" in the quarterlies.

The figures are displyed differently in some cases (i.e. cumulatively for certain six-month periods), but that is where the problem lies.

I will write to SOLA and ask them to issue a correction before the SP goes totally submarine.

If anyone else also feels like lobbying them for a correction and press statement I think that could be very useful.

Right, peeps, I have just sent the following to IR@renesola.com and am hoping that it will find the right people.



URGENT: Apparent Error in Investor Presentation


Dear Sir, dear Madam,

I am an investor in Renesola shares and have been very pleased with the latest news regarding capacity expansion and the corresponding increase in the company's share price.

However, I feel that there is a problem which may be negatively affecting the share price at present.

In your website's pdf version of the Investor Presentation on page 12, I believe that the figures for "Operating Profits" and "Profits for the year" are incorrect.


According to the latest quarterly financial report i.e. "RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2006", released on 08 November 2006, Renesola has been in profit in each quarter. In the Investor Presentation released this week, however, it appears that the figures for "Profits for the year" have been displayed as "Operating Profit", whilst the "Net finance cost" from the quarterly report has been displayed in the "Profits for the Year" line and is consequently showing as a loss.

Meanwhile the true "Operating Profits" figures have not been displayed at all in the Investor Presentation.

I would be very grateful if you would investigate this issue and please provide carification. We investors need to know: is Renesola making a profit at the moment or is it still loss-making?

If there is a mistake in the Investor Presentation, please would you ensure that the figures are corrected and also that a statement is issued to the international financial press explaining the mistake and showing the correct figures.

I feel sure that some of the negative movement in the share price may be due to the perception that Renesola is not making a profit, and am keen to have this clarified.

With many thanks for your kind assistance.

Kind regards,
............