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

so SOLA's results are out, but as i have trouble reading and understanding the Sunday Sport, don't expect me to analyise them ..... howvere, i do note that the result would seem no better than forecast back in February, so my guess there will be a lot of disappointed punters, especially on the back of the convertoible bond issue which was NOT (I think) forecast in February

Me too Cynic, although I note on top of the Convertible Loan issue they are looking for addional funding via a bank loan........hmm. We'll soon find out what the experts think when the market opens.

pth

Also not encouraged by the "Funding" statement - clearly discussions not finalised and funding of capacity expansion/associated working capital looks like a big issue.

but the market seems to like the figures, at least for the moment .... sp currently +35

but look at the volume

Everyone's jumping for joy on the board but I just don't see it personally...

Not much on the order book either, wonder if it will start to drift down?

I expect to see in close in the red.

snap .... but shall watch with interest rather than go short (i think!) ... chart below shows 25+dma converging at about 520 which will or at least should give quite solid support .... of course, if that is broken with any impetus, then a short may be the order of the day





red = 25 dma
green = 50 dma

This is being shorted, watch L2, everytime I put a sell order in at the Offer, I get gazumped! That's why it's ticking down.

PT .... are you trying to sell your holding or to go short?

Short using DMA

This is a BUY.

I don't think so hlyeo. The funding/expansion issue has not gone away.

Err, seem to have a few cash flow problems, burnt through the $120m and now off to the bank for another loan. Any slowdown in revenues due to manufacturing problems (expirenced already) or reduction in sales and they could be in trouble. But to be honest I don't really give a stuff either way.

Well after wading through all the puffery at the top of the accounts if one looks at the cash flow statement theres nothing there that as changed from quater three.

Cash outflow on working operations of just over 14 million. And a ever rising inventory.

Little wonder they need further banking arrangements on top of the bond issue.

Some across the road are not looking at the finer detail.

On 16 February 2007, the Company indicated that the consolidated profit before
and after tax for 2006 would be in the range of US$22-23 million. Reported
profit before tax is US$22.8 million. Total IPO costs were US$4.1 million, of
this amount US$0.4 million has been charged against profit for the year and
US$3.7 million against the share premium account.

Can anyone find any mention on margins which were dropping last quarter?.

How on earth this one as got away without it being called a profit warning is mind bogling.

No met up with any of the Brokers forecasts.

in that case, y is sp defying gravity?

It's like throwing a ball up cynic - that point where it seems to slow and stop at the top - we know what happens next!