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

goldfinger "...and doesnt seem able to generate cash."

I think you might mean free cash. They are throwing off cash like billyho but they are spending it on property construction, saws (top quality stuff from Switzerland) and furnaces. It's coming in fast and going out fast on production capability because demand is so strong. I can understand anyone feeling frightened about the pace of things here. It will be too hot for many.

Alleyne - you are looking through rose tinted spectacles. Generation of cash imo (and I suspect GF and most others) is taken to mean cash produced from operating activities i.e before any capex on property, equipment etc. Free cash is after those things. In the 6 months to June 2006 Sola had operating cash surplus of $6.5M. In the three months to Sept, that changed to operating cash outflow of $7M and if my maths is correct (numbers a bit trickier to work out) in last three months of last year that operating cash outflow was 13.7M. Glad I am not a holder (had considered it a month or two back, but decided to wait). Not a shorter either, not my style.

partridge, we're saying exactly the same thing about cashflow. I can see why you are concerned about the movement of cash and understand completely why you are not in. I can assure you there are no rose-tints on my nose. I would not dream of calling you a shorter and have not done so. Good luck with your investments in other areas.

Fair comment Alleyne - I will now watch with interest over next few weeks!

Alleyene... I stand by my earlier post....

goldfinger - 27 Apr 2007 10:52 - 945 of 997
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. ENDS.

Remember its cash that counts.

GF, but you've been singing the same song since 150. A quite appalling call if you ask me.

well i haven't though i accept that it took some persausion to get me into this stock intially ..... having done very well when it was on its way up, and being told i was an ass or was for banking my profits when i did, i am now short at 544 and very glad to be so, with a target perhaps of +/-450

Morning All.

Cynner, I thought you might still be short - and smiling at current price: SOLA Bid: 491.5p Offer: 495.75p Change: -14.75

My Dad and I got out at 530-ish a couple of months ago - seems we did the right thing, but I'd be interested to see when this one gets backon the upswig.

Good luck to all.

Cynner? Sinner?? ..... either way lol!! ..... am indeed very happily short and expect to stay that way for a bit ... chart below indicates some possible support at 480, as appeared to be the case this morning; once through there, then certainly another 40p drop on the cards

For me the 440p is the place to test for the real support at 400p

oh dear! I'm very relieved I switched some into TMC and VIY yesterday--I still have a sizeable holding though. It's difficult to buy many online so I suspect good news is coming soon and the mms are holding onto stock. only my opinion ever the optimist!!

M+ .... no rush to add that's for sure!

MP, why not kick SOLA out and go to cash (or take profits) - you can always get back in if it starts to soar again.

On its way to at least 440, probably 400.
Why would the MMs be hanging onto stock?

because they still can't get anyone to take it off their hands!

Soul-thanks I cashed a few more today and bought PET which is kicking off today on news from Iraq and also added to my TMC GNG and YOU. also I'm sorry to admit a sprinkling of YOO as it's flickering!

My pleasure, MP. Good luck with your new picks.


down again: SOLA Bid: 485p Offer: 488.25p Change: -6.25

Cynic, I assume you're still wearing your shorting trousers?

BTW has there been any sign of an analyst's note on SOLA since the investor presentation last week?

yes i am still short

Cynic

Be careful, the SP has tested the most recent trend and survived, Q1 Results also out soon.

pth