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

Back to the lock ins.

It looks to me like one of the big holders becomes eligible to sell into the market after 6 months and therefore that would make it the end of this month....

17. Lock-in Arrangements

Under the terms of lock-in and orderly marketing deeds, which are described more fully in paragraphs 10.1.2,
10.1.3 and 10.1.4 of Part V of this document, each of Ruixin Holdings Ltd and Yuncai Holdings Ltd (through
which each of Mr. Li Xian Shou and Mr. Wu Yun Cai respectively hold their equity interest in the Company) and
Mr. Bai Xiao Shu (together the Locked-In Parties) has undertaken that, subject to certain exceptions, for one
year from Admission they will not sell or otherwise dispose of, or agree to sell or dispose of, any of their
respective interests in Shares held immediately following Admission. The Locked-In Parties have further agreed,
subject to certain exceptions, for one year from the first anniversary of Admission, they will not sell or otherwise
dispose of, or agree to sell or dispose of, any of their respective interests in such Shares unless they have obtained
the consent of Hanson Westhouse (such consent not to be unreasonably withheld or delayed) and such disposal is
effected through Hanson Westhouse, or another broker should Hanson Westhouse fail to arrange any such sale,
with a view to the maintenance of an orderly market in the Shares.

Diverso, whose shareholding is set out in paragraph 7.2 of Part V of this document, has undertaken that, subject
to certain exceptions, for six months from Admission it will not sell or otherwise dispose of, or agree to sell or
dispose of, any of its interest in Shares held prior to Admission.
Diverso has agreed, subject to certain
exceptions, for the six months following expiry of the lock-in period mentioned above, it will not sell or
otherwise dispose of, or agree to sell or dispose of, any of its interest in such Shares unless it has obtained the
consent of Hanson Westhouse (such consent not to be unreasonably withheld or delayed) and such disposal is
effected through Hanson Westhouse or another broker should Hanson Westhouse fail to arrange any such sale,
with a view to the maintenance of an orderly market in the Shares.
Pursuant a share transfer agreement between Mr. Li, Ruixin Holdings Ltd., Mr. Wu, Yuncai Holdings Ltd.,
Diverso and Mr. Bai (further details of which are set out in paragraph 4.8 of Part V of this document), the
transferors have agreed that they will not sell, charge or otherwise dispose of, or agree to sell, charge or dispose
of, such number of their respective Shares in which the beneficial interest has not yet passed to Mr. Bai in
accordance with the terms of the agreement. Mr Bai has also agreed that he will not sell, charge or otherwise
dispose of, or agree to sell, charge or dispose of, the Shares in which the beneficial interest has not been
transferred to him.

So it appears Diverso could be selling stock as early as 9 days.

Interesting, Diverso hold 10% of the entire share holding..........

7.2 Substantial Shareholders

7.2.1 Save as disclosed above, the Company is aware of the following persons who, at 2 August 2006
(being the latest practicable date before publication of this document) and following completion
of the Admission and the Placing, hold or will hold 3 per cent. or more of the issued share capital
of the Company:
At the date of Immediately following
this document Admission
Number of Percentage Percentage
Existing of Issued Number of of Issued
Shares Capital Shares Capital
Diverso Management Limited 6,655,559* 10.0% 9,733,986* 9.73%
The Eureka (Euro) Fund Limited 5,000,000 5.00%
Polar Capital Partners Limited 5,000,000 5.00%
Improve Forever Investments Ltd 4,000,000 4.00%
RAB Capital plc (including shares held 3,666,667 3.67%
by RAB Special Situations (Master)
Fund Ltd and RAB New Technologies
(Master) Fund Ltd)
The Eureka Interactive Fund Limited 3,333,333 3.33%

by implication, you are suggesting that Diverso would want to sell all .... In fact, they may be very happy to hold! .... qui sait?

They also might be thinking the audited accounts hold some gremlings eg, the cash flow statement.

I don't think anyone was expecting this spectacular a share price performance 6 months ago.

Diverso must be sorely tempted to take some profits at the very least.

Kays

KS I think you are right.

The reward for the fund manager must be overwhelming.

Cynic I always do.Good end to the day .OH dear someones removed all goldfingers posts from the other side.

KAYSMART .... why? ...... there is a argument at least as strong that one cuts losses but keeps running profits until there is good cause to sell ..... i would posit that this is especially true for fund managers ....

If Cawkwell wants to run a short, then he is of course very welcome to ..... that does not mean he is right .... or wrong for that matter

However, though today's rise was very modest, it implies that the market was generally pretty pleased with the figures, having absorbed a good number (I am sure) of sells from PIs

sp looks to have stalled so have sold balance ...... if Diverso decide to cash in some chips, then for sure price will dive ..... if they don't, then at worst i may miss out a bit.

if you are looking for a bounce, then keep an eye on 545 (25 dma) and 490 (50 dma), though both still trending quite sharply higher ...... don't forget the brief but very sharp dip to 500 just the other day .... so potentially a number of trading opportunities

I see you have done the sensible thing cynic.

Like PP says (and you have demonstrated) the best way to play this one at the moment is in and out. The stocks in the hands of traders at the moment and it looks that way untill a decisive break is made either way.

i blush! ..... not used to compliments, especially on this site ...... usually get flamed for shining the harsh light of reality on some hyped share and thread

pp,

re: tax issue 0% (07) and 10% (2008 - R & D aspect to the company and therefore classed as a tech company.. apologies..you were of course right,

can't deny the price as performed quite tremendously,

good luck

f18

good call you cynical old bastard, though predictable with FTSE now looking pretty soggy

Drop more in line with lemming cooling slightly imo.

don't care why the drop ..... more to the point is the short term prognostication .... my guess is consolidation at best; fairly significant fall likely

I am not at all comfortable with the tenor of post 715 .Although one normally eschews the use of multi syllable words one finds it patronising,pretentious, and indeed arrogant.

that's your prob, not mine ..... my prognostication (assume you understand that polysyllabic word, though prob does not appear The Sun) may be right or it may be wrong, but that's the way i see it

Taken from advfn,hope madelex does not mind.
Recent email from the company.


From : ir
Sent : 22 February 2007 05:42:56
To :
Subject : 答复: (瑞星提示-此邮件可能是垃圾邮件)Trading Update question

Dear Alex,

Thanks for your note and sorry for the confusion.

As you may be aware, most of our 24 wire saws started operations only
recently. Breakage rate that is higher than expected results from a number
of factors: 1. learning curve for saw workers; 2. We're pushing for thinner
wafer at 200 microns. Industry norm is that thinner the wafer, higher the
breakage rate. If you check around with any wafer manufacturer, you would
find that it's normal to have an initial higher breakage rate when wafer
thickness approaches 200 micron. With a thinner wafer, profitability should
be improved due to more number of wafers to be sliced from one kilo of ingot
without sacrificing on conversion rate of a wafer. Initial higher breakage
rate has a temporary negative impact on output. This is a short term pain
for the sake of long term gain.3. much more strict quality control measures
are put in place. Our product quality is well recognized in the market and
is well received by our customers including international major cell
manufacturers like BP Solar, Motch and Suntech.

The issue is being dealt with and progress has been made as stated in the
trading update. We are working hard to resolve this and the breakage rate is
coming down. While we are making good progress, we expect that this would be
all resolved in a month or so.

Hope above clarifies.

IR Department

Nice move before the close: SOLA Bid: 592p Offer: 603p Change: 25.25