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

Barwoni, SIT had cashflow problems because of poor financial management. Also, their core activity is manufacture of non-residential building integrated photovoltaic (BIPV) roofing systems. This sector has seen growth of 35% per annum the past 3 years but companies like SIT could not deliver for various reasons like lack of resources, cashflow, past management emphasis on sales instead of production etc. In my opinion, I feel it's not right to compare SIT with SOLA. However, it's possible these same problems can arise with SOLA as we in UK do not have sufficient knowledge of the SOLA's management team but if the historical financials are anything to go by, I very much doubt SOLA will encounter similar problems. Generally speaking, I have rarely come across a Chinese company not meeting it's targets because of lack of resources or cashflow. All IMHO and please DYOR.

Thx for that input ramu.

a company like Motech would not enter into a 3 year supply agreement if they thought SOLA could not execute its side of the bargain. Large companies do credit checks and financial viability checks on their suppliers before entering into these agreements. If SOLA let Motech down that fcuks up Motechs production output. Would Motech take that risk? Of course not.

With SOLA you get added value throughout the production process. Explains why margins are so competitive

F18

Pity the SP took a bit of a dump, particularly in the last half hour. Seems like all the world's markets caught a cold today, in spite of falling oil prices.

barwoni - all of 2006 & 70% of 2007 order book already filled at SOLA.

i see our very own Shares mag have mentioned Renesola experiencing 'meteoric' growth but concerns about silicon supply. the mgt have already assured its customers that this is not an issue for the foresseable future

F18

Big ol' spread again today: SOLA Bid: 135p Offer: 142p Change: 0.5

MM's shaking out some stock for the next run :o)

Shares mag doesn't seem to have it's finger on the pulse.

only because they do not say what you/we would like .... e.g. a "must buy"

cynic

the mag's analysis was crap. its taken people on advfn weeks to understand the compnany and the industry in which it operates so some stressed out hack on a second rate invest mag isn't gonna do much better and it showed.

f18

f18 - agreed.

Haven't read the article as my issue is still in the post, but could it be that Shares Mag missed the point about SOLA using other people's waste? Which IMO ought to make things easier rather than harder.

ive calculated that if you take the failed MEMC/Motech deal worth 800M over 8 years as a basis (100mpa) and apply that to the motech/sola deal you arrive at a pa figure of 300m over 3 years (100M pa) but sure that sola offered a discount to secure the deal, say 25-30% = 75M pa or 225M over 3 years. well you can see the potential for explosive growth in earnings. speculative figures of course but its a loose framework of figures on which to extraplote.

F18

all gone quite,when it was going at the rate of knots for two days this thread was gathering pace,its gone quite why is that.

Bank Holiday!

COMPLETELY AGREE,I AM SURE TOMORROW IS TUESDAY LOOKING FORWARD TO THE OPENING AND MUCH MUCH MORE.

it seems ADVFN is the place to be for excellent analysis and chat

tipped in Lemmings Investor, exceptional write up by all accounts :)

f18

you are very welcome to ADVFN ..... spent 20 minutes in there once, and that was more than long enough!

cynic-many posters on there are foul mouthed and a waste of space but they have not yet invaded the Sola thread and the posts give very detailed financial info and other helpful comments. On all the threads of interest many posters can be filtered-then it's worth a visit!