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

I wouldnt sell or buy this stock until results which lets not forget were put back from the 16th of April to the 23rd of April are released.

Cash flow was certainly looking to be a problem at the 3 1/4 tr stage with a net cash outflow on day to day operating activities.

Inventory was also piling up and it will be very interesting to see the number of debtor days.

I dont think its any coincidence that the company have had to return to the market for further funding plus making enquiries with banks over further borrowing.

So u think SOLA is having funding problems?

if asking me, i have no idea ... just studying the entrails

H98,

we can only go on what we have to date and although the Bond issue seems to have been a success one wonders if the management are able to control the phenominal rate at which this company is growing?.

I ask you to take a look at the 3rd 1/4tr cash flow report.

I hope there is improvements on results day.

GF, I found the points you raised interesting - so much so that I went and dug out my old accounting textbookx to make sure I understood the arguments correctly, whilst also looking at the quarterly results.

My contention is that you have to spend money in order to increase capacity and, while the co indeed saw an increase in stocks, for the first time the amount of cash tied up in stock was less than the quarterly turnover rather than greater.

If SOLA continues to sell everything it produces, and the market remains firm, then it ought still to be a good buy-and-hold.

Personally, I'm still waiting for the next set of results - and the SP's reaction - before committing myself to either a judgment or an investment, but I thought it might be interesting to cast a different light on the points you made.

WDIK, DYOR, etc.

Spot on ST and that what these boards are for two way subjective communication.

I expect the next set of results to determine which way this one goes in the intermediate future although it looks like one or two brave speculators are jumping the gun this morning.

an interesting sp move ...... keep an eye on the reaction when it hits 25 dma; currently @ about 490 but falling

From a TA perspective the SP found support at 445/450, this bounce may well take it up to resistance at 475 where it will also encounter a falling 25MA, incidentally that 475 resistance may prove to be quite robust. I still think there is an arguement for a Head and Shoulders pattern, but it's balanced on a knife edge. If it reaches 475 and comes to a grinding halt, I would condsider a short position with a guaranteed stop.

pth

I think a lot of investors have forgotten about the effects of the impending dilution the Bond issue will create and the P/E ratio wont look too great when this gradually comes into being although if I remember rightly they cant convert until 5 plus per share.

One could argue that this kind of puts an artificial floor on the shares, but once the given price is reached.......

Beat me to it Cynic old chap !!

only interested in beating you at golf ..... get your own priorites right! .... lol

The way I played on Monday Cynic, shouldn't be too difficult. Having another outing this afternoon, beautiful day as well :)

snap! ...... tournament tees West with luck ..... such arrogance for someone off 13 but my friend/opponent is a strong 5 so that's what we always try to play

Lifted this from another freebie B/Board.

Looks like Evil K as the same worries as myself over cashflow....

Shares in Renesola (SOLA) have come back pleasingly ahead of results next week. I would suggest that novice investors check out:

a) Net tangible assets
b) Free cashflow generated
c) Earnings (were taxes to be at a normal rate)

and compare all three to the current market capitalisation. Those ratios will tell you a lot. Then check out the ratio of demented bullish postings on this stock on bulletin boards to the number of independent analysts (i.e. non corporate brokers) following it and you will see that ratio to be even higher. That is perhaps Evil's acid test of market madness. I remain short.

Evil might have got it totally wrong. He is so often wrong nowadays. He was wrong on DEBT and Chinashoto lately.

500 would do for me with a tight stop.

I think this chart may be more appropriate.............

Still quoting cawkwell hedgehunter.Its pretty noisy elsewhere also-desperately trying to protect your shorts?Youve been deramping this for at least 5 months now along with your fat mate, fortunately your activities are somewhat restricted now that the other board has rumbled your dozens of alter egos.

PWC .... personal abuse is uncalled for ..... it seems that if someone supports a share and the popular view, then he is a "good chap", but if he dares to offer a different perspective then he i said to be deramping, which though only a word, is used most pejoratively.

It happens that the charts indicate that it would be quite brave to buy at the moment ...... the imminent results and trading update etc are very likely to have quite a strong influence one way or another.

Quite agree cynic and so is insidious booktalking and the use of multiple aliases.I have no trading position in sola and dont need to worry about the popular view.I would unhesitatingly short this if I felt it was warranted.Scroll back through the posts and see how many times ek has been quoted by the same poster.Perhaps he could then be the recipient of your somewhat patronising moral censure, thats unless you of course support the methods of messrs Cawkell Miers et al .