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

Papalpower
Do you have a link to a broker estimates?

How come your link does not show the whole page with other comments?
There was an interesting article by someone else before the last message you provided.

Guys use this link and read the one above the last.
http://boards.fool.co.uk/Message.asp?mid=10412867&sort=whole

I have no position at present, if you go way back on AFN I have stated long ago when this was 130p it was going to be a great trading stock (the same was posted by me on TMF a long time ago too) and so it has been. Simple fact is, never fall in love with a share. As you'll note they need money, if this does come in a placing then its going to dilute the earnings figures. PBT forecasts were higher, so this is a profit warning as such. The additional margin generation is going to take time, don't expect it to fly in Q1 figures for 07, its not going to, therefore they may be additional PBT shortfall. Present SOLA lives on basically zero tax, the tax rate will increase from this year onwards for three years, which will cut into PAT and therefore earnings.

If you are blinded by love of a share to see the underlying events, be careful. The drop was caused by sellers, the rise back by short terms trading the bounce. This has a large PI following now, which will make it erratic and volatile, and it will remain a trading stock, for ups and downs imo.

Given that many are saying a placing is likely, and this has been a defacto profit warning with PBT lower than forecast, my next position may be short, although it also may be long, that depends on the sentiment this week :)

Excelent post PP.

Lets face it if any other company on the market failed to meet Broker PBT forecasts, it would be hailed as a profit warning and treated as a profit warning by the market.

Sola appears to have got off this time because of an over enthusiastic following and a bullish outlook statement.

Audited results could halt the party.

And I also believe a fund raising round is on the menu, not entirely a bad thing but it depends as to why the funds are needed.

This is an exciting and debatable stock to follow. I hope holders do well out of it.

Very true goldfinger, and also very true that everyone wants everyone else to make money, and as Friday showed, a quick short down paid money, as did a reversal for a long on the bounce.

pp,

'the tax rate will increase from this year on'..absolute and total lie..take a look at AVDNF earnings thread and you will see that this statement is a falsehood. you're spouting crap and baseless nonsense.

'sola basically lives on zero tax'..what a moronic comment..it has sales contracts coming out of its ears with more to come. It is well known in the PV industry that silicon manuf's will only invest capital on the basis that their customers fully intend to place further orders. this is well known.

2007 is the yeat when SOLA will come into its own.

2007 = 60p * pe15 = 900p
2008 = 120p 8 pe 15 = 1800p

f18

fortitude, you really have not done any research have you ???

Take a look at the IPO document from SOLA, its available to read. You'll see they benefit (like many tech start ups) with low tax rates for the initial years, and these steadly rise up to the normal levels.

SOLA will pay tax in financial year 2007, its results to come out soon for 2006 will have no tax.

The admission document is in the link below, please do read it, you may understand more about the company you seem to have fallen blindly in love with.

You'll find reference that, on page 41, the company is exempt from tax in 2005 and 2006 but from 2007 onwards starts paying normalised company tax rates.

You may also find that while the 2007 orders book is fine and its going to grow, 2008 onwards is not.

The major event will be the one year lock in period end, if its all been a flash in the pan, then at that stage the selling will be high as the original holders lock in' expire and they can sell and cash in their profits.

http://www.renesola.com/download/AdmiDoc.pdf




fortitude18 - 19 Feb 2007 07:46 - 685 of 685
pp,

'the tax rate will increase from this year on'..absolute and total lie..take a look at AVDNF earnings thread and you will see that this statement is a falsehood. you're spouting crap and baseless nonsense.

'sola basically lives on zero tax'..what a moronic comment..it has sales contracts coming out of its ears with more to come. It is well known in the PV industry that silicon manuf's will only invest capital on the basis that their customers fully intend to place further orders. this is well known.

2007 is the yeat when SOLA will come into its own.

2007 = 60p * pe15 = 900p
2008 = 120p 8 pe 15 = 1800p

f18

By the way, I am not anti-SOLA, I am trading it up and down, short and long.

However, my advice is make your money before the lock in's expire, as SOLA could well go bang before end of 2007, if the 2008 order book does not come in, they will have lots of capacity and minimal demand end of this year.............

Make the most of it through the first 3 quarters and then be careful from Q4 onwards imo.

You`ve hit a nerve here PP.
I agree totally, a classic trading stock.
Cheers.

PP .... sounds as though you have a similar mentality to me .... mal chance!!

pp,

i cannot allow such baseless and blatant lies go unchallenged. It's not whether you're anti or pro sola it's about having the integrity and decency to post opinions which are based on fact. 'If the order book does not come in'.. they already have contracted orders up to the end of 2008. The company is in negotiations to secure contracts for the extra capacity based LOI's.

You're understanding of this company and the industry in which it operates is not worth the paper it's written on. You're comments regarding this company are simply worthless and not based on fact.

Its people like you who make threads like this a worthless waste of time.

forti ..... why do you get so heated? ..... surely a young chap like you does not suffer from hyper-blood pressure? ...... you may be right that PP's comment is inaccurate, but i would certainly agree that SOLA's volatility makes it a great stock for trading

errr....what about those "tax rate lies" for a starter.........LOL ;)

Enjoy the ride........thats what its all about, no need for the emotion.

When is 'D' day for lock ins PP?.

By the way totaly agree with you about the tax rate. Lets face it, its there in black and white in the admission document.

Lifted this from another B/B..

Evils take on the results...

I see that Renesola (SOLA) has published a full year trading statement saying that pre-tax profits will be $22 million. Now this company does not pay tax but on a normal basis that would be earnings of 7.8 million which puts the stock on an historic PE of 72. Renesola has a thin balance sheet and is not a cash generator. It strikes me that a fund raising is inevitable and the valuation is a joke. I remain short.

goldinger, the big holders have 1 year lock in period from listing, so it might all come to a head later this year after the anniversary of the IPO.

Never miss a cheap cawkwell propaganda trick eh hedgehunter-shouldnt be allowed to get away with it imo.Nice if you could quote lemming to balance it.If Id let those opinions, which you and dozens of other ek nasties endlessly quote influence my mindset at 410, at the end of the year, I and many others would have been considerably poorer.

Cheers PP, the 8th of August one for the diary. Can see fireworks the week before ............. and after.

http://www.investegate.co.uk/Article.aspx?id=20060808080000P6C23

PWC ... you must always make your own decisions .... some will be right and a good few no doubt, wrong! ..... for myself, i have happily traded in and out of SOLA, as levels which i tend to post here .... was certainly glad i bought a tranche the other day at 516, even if cross for having dithered when they were about 500 .... then sold 50% of total holding at 562 ..... too early? .... perhaps, though in my view mere prudence to crystalise profit.

Very true Cynic about making ones own decisions. Lets face it these boards are for two way conversation wether you are a bull or a bear of any one stock.

Those trying to repress free speech should be ignored as far as I am concerned and usually have something to hide I have found in my experiences.

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.