Jetion Solar Share Discussion Threads

[losses] 28/5/2010 08:15

Out at 80p.. Been holding these since float @150+p. Good luck to those still holding. Wont be buying back here.

[edmundshaw] 28/5/2010 08:14

A bit harsh at 60p. I'd be a buyer. Maybe.

Look at the longer term: more sales into China after the HK listing. And if the euro depreciates more, solar unit prices will have to rise anyway.

The wording of the statement was certainly not conducive to a calm assessment though! :-(

[livinginhope] 28/5/2010 08:13

Pleased I just had controlled risk positions with IG but stops being hit and just getting worse.

[stegrego] 28/5/2010 08:12

Out at 88 and 85.

Suspect its going a fair bit lower than that.

If Euro doesnt turn or gets worse then results will be horrid.

Should have known this as i read that some other solar companies earnings would be down 85% if the euro stayed at 125

This is why i asked how much sales went to europe yesterday.

Also, they now intend to raise cash in HK whereas before they said they didnt.

Overall, not good.

Best of luck to those that hang on.

[edmundshaw] 28/5/2010 08:00

15% sales in US, growing sales in China. They can and probably will diversify their markets - and the dual listing will of course help.

[nilip] 28/5/2010 07:55

Agree, Chairmans comment may cause concern :

"However, although we have a growing order book and will have the production capacity to satisfy those orders our profitability in 2010 will be largely determined by the performance of the Euro during the remainder of the year"

[evaluate] 28/5/2010 07:55

how much has it been marked down?

[stegrego] 28/5/2010 07:52

To be fair, the Euro has only been weak the last month or so.

[katsy] 28/5/2010 07:50

we waited nearly 6 months for that!

[ssvsjs2] 28/5/2010 07:49

marked down already.

[ssvsjs2] 28/5/2010 07:49

marked down already.

[katsy] 28/5/2010 07:42

oh well, another one that's still under water for me.

[allstar_07] 28/5/2010 07:37

EPS excellent - PE of ~6. On the plus side aswell the output capacity has and will further increase plus we have the listing to boost the share price A turn in the euro and surely they'll be trading very well once they have the capacity increased/listed in hong kong etc. Short term doesn't look so good...

[davidwilkin] 28/5/2010 07:28

not good !! (although eps figure is good)

[matt] 28/5/2010 07:15

Outlook

The solar industry, according to the Solarbuzz 2010 report, is expected to
continue its rapid growth. The majority of markets around the world support a
wide range of solar applications and we believe that we are well positioned to
benefit from these opportunities provided that we continue to offer top quality
products displaying the most advanced technology.

We are working hard to develop further our sales channels and, already this
year, we have made inroads into developing customers in Italy, which we expect
to be a major export area in 2010.

eps 0.2336 USD = 0.160394 GBP

[livinginhope] 28/5/2010 07:14

I don't think the shares are going to be up today despite the stellar 2nd half performance last year. The results for the first half this year will be worse than last year which were really poor. It all depends on European economy. I hope I am wrong but I wouldn't be surprised if the shares drop to 80p today.


Outlook

The Group continues to develop its operational capacity in order to meet
increasing customer demand and maintain its market position. With this in mind
the Board has approved capital expenditure to enable the installation of four
additional solar cell production lines during 2010. Whilst the Board has
adequate resources and facilities to fund this expansion, it currently intends
to raise additional capital at the time of its listing on the Hong Kong Stock
Exchange, expected to be completed in the second half of this year.


The Outlook statement reads ok will increasing production capacity so the group must be confident about the future. Lets hope that this is just a short term blip but I must admit to being very nervous this morning that the shares might get hammered.

[matt] 28/5/2010 07:09

Mixed bag today

[edmundshaw] 27/5/2010 21:26

Ta jwe. Likewise.

FWIW I didn't buy these at around 90p to sell out for 120p.

GNG is a long term investment I feel (always have, though the downturn has slowed things up further). WCC has been a 10 bagger for me (though down to a 7 currently). I expect quite a bit more, but intend to slice on the way up (I have learnt almost never to add on the way up when already overweight). It has a similar questionmark as Jetion for the longer term, as construction will not go on apace for ever. IMO. Though no mention of that on the BB, please! :) - and I did think that about ASOS, missing much of the gains there, so I'm no guru...

CHNS is my kind of co though. Manufacturing where it should be - in low cost high tech ability location, with a good management & I think good prospects on a silly PE.

[jwe] 27/5/2010 21:00

Edmund-Many thanks for your reasoned reply.
Funny how investors take a slightly different stance.For me this is my largest holding.I sold out of CHNS for a vey good profit although at current levels it looks very attractive.I also sold around a third of my GNG holding following the TS,which unlike the bulls i found mildly disappionting.I do not hold WCC.I feel £2 is a reasonable target here,possibly more.Good luck with your holdings

[chrismez] 27/5/2010 20:06

Not too worried about the results cos we know already they will be ahead of expectations.

What I'm worried about is those who are in here just to sell out again when it hits 120p. Be nice if everyone stuck around for the inevitable 200p. That why encouraging comments about the proposed dual listing are required tomorrow as well as the rosy figures.

[katsy] 27/5/2010 17:12

god I hope this isn't another sell on news day, it'll be the third one this wek for me.

[cool_hand] 27/5/2010 17:07

going to be fun tomorrow - hopefully good fun.

[edmundshaw] 27/5/2010 16:37

jwe: I have some here. I'm considering myself one of the usual crowd (more by finding the same companies than following it). I think this represents value and the HK listing is another positive.

But I have reasons for not having a large holding. (1) SOLA showed some of the potential trading downsides for the sector, (2) I see relatively more value in my other value stocks (though perhaps taking longer to realise, so "value per annum" might be equivalent. But I feel the downside protection is therefore better in my other stocks). (3) The longer term future of the technology is not certain (competition from thin film and other renewables). (4) Corporate governance is imo very good in a 3/4 of my other sino-stocks (WCC, CHNS, GNG). I'm not so confident here, simply because I don't know the management well.

The positives outweigh the negatives. But I can see that other investors might just steer clear...

[evaluate] 27/5/2010 15:19

This kind of action the day before the results is VERY welcome.

Often a precursor to good results.

Although we already know results are oing to be good here - the question is how good?