Jetion Solar Share Discussion Threads

[cool_hand] 20/9/2010 10:11

can't be trusted, end of.

[chrismez] 12/9/2010 03:02

Careful guys:

1. Postponed indefinitely with this BoD means that they will be actively pursuing a HKx listing behind the scenes, and will announce that its back on just when no ones expecting it; and,

2. Results in line with market expectations - Ha - the market doesn.t have any expectations right now with JHL - not after it lied to the market last time round. The market doesn't know whether JHL can be trusted to tell the truth, still less does it have any idea whether this year will be rembimbi profits or euro losses.

DYOR as ever

[mattjos] 10/9/2010 21:01

not overly focussed on the results at this stage .. more the market action which is what intrigued me & why i only had a very few to start with. PI's are the last to know what is going on but i'm assuming the Norweigans have a good reason to be interested at these levels on a longer term basis. At present i simply hoped to catch a small bounce after the stock-swap, that would offset the spread, and then see what details emerge in the next market update. As i say, little more than that to rationalise my actions at this stage & a belief in the sector long term

[loafingchard] 10/9/2010 20:28

Yes Matt , i noted the sales kept rolling in but the price didn't budge . Someone is soaking them up . I re-read the results and the outlook was not painted very cheerily , I was trying to figure what these in line results could be like ?.
Euro is still not helping . Capacity has been doubled . Margins we have no recent info on . Quite a few unknowns although I tend to agree they should be priced in at this paultry level. There is little love for JHL right now and I didn't want to be holding it down in the twenties again , thank you very much . What do you hope for in the results ? EPS etc...

Cheers and best of luck

[mattjos] 10/9/2010 20:19

yup. I'll stick for now. Market had entirely discounted the possibility of HK, imo but was waiting for guidance on results. The in-line is really what i wanted to see.
The action of the MM's here of late & the increase in volume have aroused my curiosity so i will wait a while and see what plays out this next few months. I note that all today's sells, + then some, were keenly taken pm. Sideways till results i expect though

[loafingchard] 10/9/2010 12:04

Out for now , only had a 2K punt here hoping for a rise into the listing . Good luck all holders , watch it rise now ;-) . You still in Matt ?

[loafingchard] 10/9/2010 10:15

No selling as yet , i guess they will though .

What are the markets expectations ?

[evaluate] 10/9/2010 10:13

Uh oh.

WCC dropped 20% on similar news.

[topinfo] 10/9/2010 10:05

RNS Number : 4847S

Jetion Solar Holdings Limited

10 September 2010

?

For Immediate Release

10 September 2010

Jetion Solar Holdings Limited

("Jetion Solar" or the "Company")

Hong Kong Listing Update

Jetion Solar Holdings Limited (AIM:JHL), the manufacturer of high quality solar cells and modules, announces that, further to its announcement dated 19 March 2010, the Board has decided to postpone the proposed listing on the main board of The Stock Exchange of Hong Kong Ltd ("Proposed Listing") indefinitely. The Board considers that the prevailing volatile economic conditions and weak market sentiment do not provide the right conditions for the Proposed Listing. Despite the difficult market conditions, we expect that our results for the first half of 2010 to be in line with market expectations. For further information please contact:

[zangdook] 10/9/2010 07:45

On Clean Energy, China Skirts Rules

[chrismez] 07/9/2010 10:38

Been looking back over the 3 and 5 year charts.

Its interesting to note that in general terms JHL has slipped from 150p to 50p since float and over that period of time.

There's been the occasional bounce but every time that's happened management has immediately contrived to shoot the company down again. In my humble view this company is badly run and its the bad management that sets it apart from other stocks in the solar sector. (Note for instance Renesola - moving forward now over 300p.)

I too am hoping for a bounce cos I still have a few of these left, but if past experience is anything to go by, watch out for those managers when the bounce comes!

[loafingchard] 04/9/2010 20:25

Thanks for responding . I dont have L2 and recent retail volume is non existant . Do they trade on Plus ? I see the RNS concerning the stock swaps , so you're thinking Norges were prepared to lighten CS's load but only at a favourable price . That sounds a reasonable conclusion but I would have thought they could just agree a price and trade off market . Certainly wouldn't complain about a bounce :)

[mattjos] 04/9/2010 00:20

At this stage, nothing more than the stock swap-over drew me to it .. i look for volume & chart patterns on some stocks .... absolutely no more than that so, ffs don't draw any conclusions from my presence. Like i said, the swap over caused me to wonder if the price was being artificially depressed to enable it to happen.
(EVO & WINS look poised on L2 like they are up to something ..i see them work like this on other chinese stocks when something is happening in the background).
Were it to bounce up from here, once the swap is done and that bounce then be accompanied by a slightly more favourable outlook statement in the H1 statement later this month + progress on the hk listing, now the Hang Seng is a bit more stable, then i may drop lucky and it could be up and gone & I'll look to add some more ... all i can say really. If no dice this month, then i'm out.

[loafingchard] 03/9/2010 23:46

Welcome Mattjos .

I'm still in , had to average down a bit ;-)

Hoping now the Jetion Solar can one day have a faint whiff of luck for a change . Things haven't been going their way , as you point out with the euro/cny chart . Why are you encouraged to buy albeit at a punt level ?. I note the recent trading .

Cheers and good luck

[chrismez] 02/9/2010 21:12

Whats that about today?

Am I reading it right - that Credit Suisse are slowly lowering their holding and the Norwegians are buying up?

[mattjos] 02/9/2010 17:41

Hi evaluate. fwiw, i did today. only a speculative few @ 53.7 at this stage. bit of a stock swap over going on here at the mo and it occured to me that it may be keeping the share price down a little so hoping for a little rebound to be honest and then see where we go. not much of a recommendation to be honest but i'll run with it for a bit before doing anything else.
Edit. I added rather a lot more

[evaluate] 02/9/2010 17:36

Me.

Sold out last warning & been trying to figure out whether to get back in.

[mattjos] 02/9/2010 17:32

anyone here?

[cordwainer] 31/8/2010 13:55

Buy China Solar Stocks, Avoid Builders, Elegant Says (Update1)

Aug. 31 (Bloomberg) -- Investors should favor shares of Chinese solar companies and avoid developers as the government promotes cleaner forms of energy and maintains property curbs to restrain prices, Shanghai Elegant Investment Co. said.

"China's shift away from energy-intensive and polluting industries to a low-carbon economy is one of the key investment opportunities in the next three years," Shi Bo, who oversees about $400 million as general manager of Shanghai Elegant, said in a phone interview today. He declined to say if he's buying or selling stocks.

China, the world's biggest polluter, is striving to reduce its reliance on growth driven by energy-intensive industries and avert asset bubbles after stimulus spending and record loans last year fueled a jump in property prices. The nation may spend about 5 trillion yuan ($738 billion) in the next decade developing cleaner sources of energy, Jiang Bing, head of the National Energy Administration's planning and development department, said in July.

Shi, whose fund beat 98 percent of China-domiciled funds in the past year according to data compiled by Bloomberg, said China's economy is a transitional phase. "You have to invest in sectors that the government is advocating."

Property Curbs

A measure tracking Chinese property stocks has slumped 25 percent this year, the most among the Shanghai Composite Index's five industry groups, as the government limited lending and restricted multiple-home purchases to cool property prices that rose a record 12.8 percent in April. Vice Premier Li Keqiang this month urged local officials to accelerate construction of public housing.

"The property sector will face increased public housing supply and is vulnerable to further measures if prices don't decline," Shi said.

The property stock gauge has rebounded 11 percent since this year's low on July 1, helping drive gains in the broader index, as China's cooling economy spurred speculation the government will ease property curbs and relax lending targets.

"A slowdown in economic growth in the second half has raised expectations the government may loosen policy," Zhang Dongyun, Shanghai-based strategist at Haitong Securities Co., the country's second-largest brokerage by market value, said in a report this week. Zhang said investors should buy the nation's stocks on "near-term pull-backs."

China's industrial output rose the least in 11 months in July, while retail sales growth eased and new loans climbed less than estimated. Gross domestic product growth dipped to a 10.3 percent annual pace in the second quarter from 11.9 percent in the first three months of the year.

Baoding Tianwei Baobian Electric Co., which has units making solar panels, has declined 21 percent this year. Wuhan Linuo Solar Energy Group Co., the manufacturer of solar energy conversion materials, has lost 20 percent. That compares with a 20 percent drop in the Shanghai Composite.

To contact the reporter on this story: Chua Kong Ho in Shanghai at [e-mail]

Last Updated: August 30, 2010 23:53 EDT

[cool_hand] 23/8/2010 11:40

and meanwhile SOLA continues to recover.

[a_hamid] 10/8/2010 19:14

Thanks zangdook.

Although "reportedly" Mr. Chen resigned his directorship to pursue personal opportunities, it is rumored that his involvement with Jetion may not have ended there, i.e. His role with JHL's bid for HSE listing.

Much has changed since 2007, such as Mr. Gai's dismissal for breach of services, and investor confidence, as seen by the falling share price.

I believe there is substance to this rumor and want to find out more so I can make an informed decision with respect to the shares. I want to know if I can trust what management is saying and projecting/promising!

[zangdook] 07/8/2010 10:20

A_Hamid - 7 Aug'10 - 00:10 - 3779 of 3779

Does anyone have anymore information about Chris Xunan Chen
--------------

Yes. See below:
--------------

23 June 2008

Jetion Holdings Limited

("Jetion" or the "Company")

Resignation of Director

Jetion Holdings Limited (AIM:JHL), the manufacturer of solar cells and modules announces today that its Corporate Development Director, Mr. Chris Xunan Chen, has resigned from the Company effective 15 June 2008 for personal reasons.

"I would like to thank Chris for his significant contribution he has made to Jetion over the past year," commented Mr. Roger Gai, Chief Executive Officer of Jetion. "Chris is leaving to pursue new personal opportunities, and the Jetion team wishes him well as he prepares to take on these challenges."