Positive update from Jetion yesterday
Note on Investors Champion at www.investorschampion.com.

Trading at less than 30% of NAV (intangibles are only small) and 1x next year's estimates

Aware of potential distressed seller but is there something being missed?

Investors Champion ????? LOL

Have they not been recommending dog after dog after dog......... ??

http://www.growthcompany.co.uk/recommendations/990137/jetion-holdings.thtml

GCI says sell it seems.

Jetion Holdings - REDUCE
Companies: JHL
23/01/2009

Fast-growing Chinese solar cell maker Jetion Holdings says trading conditions are improving after a poor fourth quarter.

Based in Chinas Jiangsu Province and quoted on AIM, Jetion reports that output of solar cells increased 82% last year to 65.3 megawatts, with module production ahead 428% to 43.3 megawatts. In an optimistic trading statement, the company, which lifted pre-tax profits nearly fivefold to 8m in the first half of last year, says it doubled solar cell manufacturing capacity to 100 megawatts a year and upped annual module making capacity 50% to 60 megawatts, achieving capacity utilisation of 97%.

Jetion, steered by chief executive Roger Gai, warns the fourth quarter of last year brought a substantial reduction in trading conditions in the wider solar market, though the company says this was offset by reduced prices of the raw material, silicon. Citing a current order backlog representing a significant portion of the companys capacity for 2009, Jetion says that its management believes the business has entered the current year well prepared for a normalisation in trading and reduced volatility.

Gai argues that the company is well placed to continue to strengthen the business while taking protective measures in these difficult market conditions. The stock market fall has taken Jetion shares down to 30p, significantly below our last comment, and it looks appropriate to cut some of your losses, while holding some for longer-term recovery potential.