||ORD NPV (DI)
||EPS - Basic
||Market Cap (m)
Real-Time news about Jetion Solar (London Stock Exchange): 0 recent articles
|cool_hand: Used to hold these and lost money here. Looks like deliberate manipulation of the share price through misleading statements by the BOD to get to this point.
I will never invest in another Asian Company again, they are not to be trusted.|
|a_hamid: 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!|
|cool_hand: Gabriel Kow blames AIM for the low share price. Jetion thought they could just sit back, take the money and watch the share price rise. The problem is they've done nothing in terms of investor relations, their PR, their communications have been poor and lacking. You have to instill confidence, they've manged to do the opposite on more than one occasion. They just don't get it.|
|cool_hand: 318jazz - some have of been holding here since flotation at twice the current share price, jhl has not been a good investment unless you were fortunate enough to be a bottom feeder. even SOLA has remained above it's flotation price (apart from when it went briefly to 80p).|
|slapdash: irony is the share price drop might reduce the market cap much more than any capital loss from being sued....... won't reflect the likelihood that the legal action against JHL won't succeed.|
I agree with your reasoning of P.E. around 4.
Nice earlier post and on TMF.
I am a holder and showing nice profit, bought at 47.5.
One of the main reasons for the share price being so low was that there were fears that the management with conflicting interests, who were subsequently relieved of their duties would take business away from JHL. This has shown not to be the case and I would hope that the share price improves from here. However as we know performance of Chinese companies is not always reflected in the share price. Hopefully this will change in time, but I view this as a growth company and am in for the long term.
|chrismez: Very possibly envirovision.
However, corporate governance aside, JHL might just come good on their expansion promises - cell and module production to both go to 150MW by mid 2010.
Modules is where the real money is made so if they can manage that expansion and keep to the self-imposed time scale or even beat it, and if they can sell the products produced by that expansion, we might just see some half-decent results and some strength underpinning the share price over the next 9 months.
The worry for the share price of JHL is and has been two issues of corporate governance - (a) management blunders seem to plague this company and (b) shares tightly held with Mrs whatshername holding a very large percentage.|
|masurenguy: Evaluate - 16 Nov'09 - 3238: Inching up gradually. Surprised ther hasn't been more interest in this so far.
We've seen a spectacular increase of 70% in the share price since I bought in @44p exactly two months ago. I think that must reflect a fair amount of interest :o)
Masurenguy - 17 Sep'09 - 3153: Bought in this morning too.
They've done well after such a major management upheaval over the summer. Some director sharespurchases, albiet in modest amounts, have clearly also helped to restore some confidence here too.
Recent full capacity production, and a plan to fund a 150% increase out of cashflow, also augurs increased profits for next year providing solar cell prices do not fall much further. Could see profits of circa £12m on the cards for next year which would put them on a prospective PE of around 5 at the current share price.
I think a forward PE of 10 is a bit optimistic for a Chinese AIM listed company at the moment (although there are a couple of Chinese companies who don't seem to be too affected by the Chinese discount). A PE range of 6 or 7 would put the share price into a 95p - 110p range which could be achieved in a few months providing there is no major market downturn during this period.|
|busraker1: Great chart Mike showing the lag of JHL to SOLA. If Jetion and SOLA are rated the same in terms of PE then JHL share price should equal 1/3rd of SOLA, so 200p price target is reasonable.|
|reptile2: The Fed wont let this debacle drive the US economy into recession and we can presume further support over the next few weeks as necessary. The markets will remain volatile but, imho, the bottom has essentially been reached. This does not mean we should just go out and buy shares in the expectation of an immediate upsurge. My view is simply to wait for the dips, as there will surely be several in the next month or two. And the JHL share price is extremely well placed now to progress to the 2.00 level by year end. All IMHO.|
Jetion Solar share price data is direct from the London Stock Exchange