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

Cynic, Happy New Year, firstly, as we haven't yet crossed paths!

I would certainly tend to say that anything below 420p looks cheap, and that there have been enough revisitations of levels above 440 to make a punt in the high 420's worthwhile, at least I guess if you're CFD'ing. Forthcoming good news ought of course to propel the SP even higher.

Good luck, and I don't need to tell you IMO and PDYOR.

SOLA Bid: 425p Offer: 430p Change: 14

And again: SOLA Bid: 441.5p Offer: 446p Change: 13

SOLA seems happy to trade between 400 - 450p range for the moment. A steady profit if one can spot the bounces.
Is there any reason for the sp to break out of the 450p barrier soon? There doesn't seem to be any info on the success (or otherwise) of the roadshow in the U.S.

end of year results due out soon. I'm expecting another bumper set and the sp to take off again!! DYOR of course.

Harry, we might get a trading statement sometime this month.

There won't be any info regarding the roadshow; it was designed to showcase the company to potential buyers of the shares and success can only really be measured in terms of US institutions taking large stakes. However, as this company is incorporated in the BVI's, it is not obliged to publish the names of major shareholders, so we're still in the dark, unfortunately.

Doubtless the US institutions now have SOLA on their watchlists and some will already have bought stock.

haven't checked size, but would guess mkt cap is much too small for US institutions ..... as for breakout, as mentioned by Harry, there is really nothing to work on as no history

the news due is very simple. mgt still in intense negotiations with existing customers about new supply contracts for output from 2008-2010 based on Letters of intent. Output increased on that basis. The price will acclerate away when this news is released. I suspect the contracts will be long term offering excellent earnings visibility and a re-rating.

f18

but acid Q .... would you buy today?

Cynic, the co is capped at 440 mil (100+ million shares in issue). Fidelity often has 6% stakes in the smallest of companies (sub 50 mil), so am not sure your argument holds.

u r right ..... did not realise mkt cap was that large

What happened to PDYOR? ;o)

Plus, what was the point of the U.S. roadshow if the m/cap was below their interest level (sorry to rub salt in).
SP just broached the 450p level. I knew that as soon as I made a comment on the sp, I would be proved wrong!!!

cos i'm a lazy git! ...... and frankly, i don't give a hoot if peeps follow me blindly or even ignore me totally ...... not my concern!

well deserved smack Harry! ...... had forgotten all about that ...... confess my only real interest is if the share goes up or down ...... often do not care about the logic for same

Cynic, normally your analysis is spot on, so don't let your standards slip:o)
Many of us need your steadying influence. The rise of the SOLA sp has benefitted us all over the last few months, but it won't go on forever so logic & reason will probably be crucial in knowing when to jump ship.

Hear, hear!

I want to come up with something suitably Douglas-Adamsish about logic and reason jumping ship but it's midnight and my brain won't work.*

suggestions on the back of a fifty-euro note, please . . .



*I'm only here cos I'm having one of those late nights.

Ahem. Don't forget we are British here. None of that nasty, funny money here!

Unfortunately I get paid in that nasty, funny money.

However, being a truly global banker I will accept anything that is legal tender. Including the new Iraqi Dinar, as long as somebody will please promise me that the currency is one day (soon) going to do what the post-war Kuwaiti money did.

SOLA bid 485p. Now to see if 500 is going to be a resistance level. I suspect a certain amount of profit taking before that.