Sanditon Investment Share Discussion Threads

[hosede] 20/12/2007 08:54

This Co. does seem at last to be starting to get it's finances in order, but at the cost (so far)of a 20% dilution for existing shareholders. Further similar actions in the future seem inevitable especially with the state of the credit markets at the moment

[motoben] 20/12/2007 08:48

very nice contract win in italy that will provide a lot of work and % of revenues next year, shame its done not much for the share price with few buyers coming in, proberly caused by the issue of new shares representing 23% of the total issued. can see why they have had to do this as the convertible debt was a big strain on them. sort of seems that big institutions have not been buying any stock in the open market because they can get it at the next placing, but it was done at a very good price for existing holders

[babylon3] 20/12/2007 08:44

LONDON (Thomson Financial) - Solar Integrated Technologies has raised 14 mln stg by placing 16.47 mln shares at 85 pence, representing a discount of 1.7 pct to the closing mid-market price on Dec 19.

About 8.5 mln stg of the net proceeds will be used to retire 16.2 mln usd of outstanding convertible debt, with the remaining 4.7 mln stg of the net placing proceeds to be used for general corporate and working capital purposes.

Chief executive Randall MacEwen said: 'We will now eliminate 23.1 mln usd of debt from our balance sheet, reduce our annual interest costs by 2.1 mln usd, and provide the necessary working capital to fuel our growth in 2008.'

The company today announced the award of a 70 mln usd supply contract to provide building integrated photovoltaic (BIPV) installations on multiple large buildings to an Italian solar project developer.

Following today's announcement, the company expects its full year sales to come in at the top end of its 60-80 mln usd
guidance range. 'We reiterate that we expect full year consolidated gross margins to be in excess of 15 pct,' said John Palumbo, company chief financial officer.

[babylon3] 20/12/2007 08:44

LONDON (Thomson Financial) - Solar Integrated Technologies PLC said it has won a supply contract in Italy worth over 70 mln usd to provide building integrated photovoltaic (BIPV) installations on multiple large buildings.

The provider of BIPV roofing systems said the contract is with an Italian solar project developer and is believed to be one of the largest announced solar deals in the country.

'Italy has rapidly become an important market for us,' sales and marketing exec vice-president Robert Campbell said. 'Over 35 pct of our European revenue in 2007 relates to Italian projects, and we expect this to increase.'

He said Italy has premium feed-in tariffs for BIPV systems, which are 10 to 25 pct higher than standard Italian feed-in tariffs for ground PV systems, as well as high electricity rates and a robust sun profile.

Solar Integrated expects to complete a significant portion of the contract in 2008, with the remainder in 2009.

[asparks] 19/12/2007 12:49

ROMag solar continues its steady rise

[asparks] 12/12/2007 07:38

just as I have been saying:

well, I bet you all wished you had invested in romag solar. Brilliant results out today
Romag FY pretax profits up 44 pct, sees further sales growth in Powerglaz range

LONDON (Thomson Financial) - Glass and plastic manufacturer Romag Holdings
reported a rise in full year pretax profits and sales, and said it is expecting
further strong sales growth in its flagship PowerGlaz range.
Pretax profits were up to 2.76 mln stg in the year to end-Sept from 1.92 mln
stg last year, a rise of 44 pct, on sales up 6 pct to 17.4 mln stg.
Final dividend recommended was 0.75 pence a share, bringing the total
dividend to 1.15 pence, a rise of 15 pct.
Chairman John Kennair said that the growth in demand for renewable power was
providing a "substantial and growing" market for PowerGlaz, particularly in
Europe.
He added that the company expects its major growth to flow from this range
of products in coming years.
[e-mail]
ro

[asparks] 11/12/2007 08:30

no never invested in PFLM. Like SOLA it was too hyped IMO

[eriksay] 11/12/2007 08:28

asparks - you in PFLM? shows what happens when highly rated stocks missfire.

[asparks] 11/12/2007 08:14

nice to see another contract. I wish we knew the profit margins though.

looking forward to the 12th. ROMag Solar results out on the 12th Dec. Should see it rise significantly IMO

[asparks] 06/12/2007 12:05

ROM results expected 12th Dec

[motoben] 27/11/2007 14:41

no idea if they would include solar roofing, but prologis are a big customer for sit in europe

ProLogis developing Texas Home Depot

DENVER (AP) - Catellus, a subsidiary of real estate investment trust
ProLogis, said Tuesday it will develop a 141,000 square-foot retail center for
The Home Depot Inc. in Austin, Texas.
The center will be located in the 711-acre Mueller project, which includes
retail, office and medical space as well as more than 4,600 apartments and
single-family homes, the company said.
The Home Depot will anchor the second phase of retail development at the
project and is slated to be completed in the second half of 2008, Catellus said.
The home-improvement retailer will have a long-term lease with Catellus, the
company added.
Catellus also said The Home Depot store will be built with sustainable
design techniques and technologies, including locally sourced materials,
recycling construction waste and energy efficient lighting, heating and air
conditioning systems.
Home Depot shares rose 2 cents to $27.51 in premarket trading. The shares
closed at $27.49.

[motoben] 15/11/2007 21:38

i would translate that another way, they have already hired an extra shift load of workers, so 50% more headcount and salary, would you do another 50% work for the same money?, as they expect the contracts for next year to be 50% more than this year,
remember last year they laid off workers to save money as not enough contracts came in, now rehiring them again has expenses.
if they pull it off then great.

[learntlesson] 15/11/2007 17:59

ok reading the production ramp rns - its a 50% increase - however I especially like this bit:

" It said its current staffing level can accommodate the significant increase
in production volume required to meet expected 2008 sales."

That presumably means they are getting a third shift for the same headcount/salary.

They are increasing output rather than laying off staff in order to boost profits. If it works we could be back to £1.50 soonish. Unfortunately for me I bought somewhere closer to there :(

[learntlesson] 15/11/2007 17:55

Well with all these middle men and the cheap dollar its an expensive business. But the production ramp up should mean some efficiency gains e.g. double the panels coming out of the same factory ground rent. Hope so anyway.

[eriksay] 15/11/2007 12:48

LL - You would hope so but it will only be believed after a set of good results. If we get some good results then the share price will rocket. I am long SIT, but would be longer if the profits were there too. My main concern is that SIT are tendering too agressively for these big contracts. Good for sales but what are the margins.

[motoben] 15/11/2007 12:48

they may be making a profit on the contracts that they get, but they have so much expenses to complete them and the office admin, plus the warrants that are outstanding get lots of compensation if the share price is this low.
nice start to next year though

[learntlesson] 15/11/2007 11:10

OK come on these guys have to be spinning a profit by now!

[eriksay] 15/11/2007 10:51

The problem with SIT is that it is good at getting contracts but histroically has struggled to make decent profits out of them. Until it can prove to the market that big contract wins equal big profits then the market will not give it the credit that would appear due.

[johnwatson50] 15/11/2007 10:04

Can someone help me with a little background here I have been watchng for the last few weeks SIT seem to have sales almost weekly on the multi million bracket and yet the share price is very subdued, anyone have any theories on this.

Even after this mornings news which sounds fantastic to me - not a single trade!

JW

[waldron] 15/11/2007 07:45

Solar Integratedtech Largest French Solar Roof




RNS Number:7521H
Solar Integrated Technologies Inc
15 November 2007


SOLAR INTEGRATED WINS U.S.$6.6 MILLION ORDER FOR LARGEST SOLAR ROOFING
PROJECT IN FRANCE


London, UK and Los Angeles, California, November 15, 2007 - Solar Integrated
Technologies, Inc. (AIM:SIT.LN), a leading provider of building integrated
photovoltaic (BIPV) roofing systems, announced today that it has won a U.S.$6.6
million order for a BIPV roofing system to be owned and operated by Akuo Energy,
a rewewable energy project developer. The BIPV system will be installed at a
logistics facility currently under construction in Southern France. The BIPV
project is being managed by Urbasolar, a turn-key PV engineering company based
in Montpellier, which is an authorised distributor and partner of Solar
Integrated in France. The project, planned for completion in 2008, is expected
to be the largest BIPV roofing system in France.

"This exciting contract win is further evidence of our strong competitive
position in France where there is a premium feed-in tariff of Euro0.55 per kWh for
single layer BIPV systems," stated R. Randall MacEwen, President & CEO of Solar
Integrated. "Akuo Energy is demonstrating significant leadership in deploying
the largest BIPV system in France. We are pleased with the confidence Akuo
Energy has invested in selecting our innovative integrated solar roofing
product."

Eric Scotto, CEO of Akuo Energy, stated: "We are excited to be financing and
operating one of the largest solar roofing energy generation projects in Europe.
Akuo Energy invests in and operates projects across all areas of renewable
energy, but we feel that solar energy in particular represents one of the most
promising areas for growth. Hence, we see this project as one of the first in a
long series of future successes within the solar energy field in France, and we
envision many more throughout Europe in the near future."

Stephanie Giraud, CEO of Urbasolar stated: "We continue to partner with Solar
Integrated to rapidly sell and deploy BIPV projects in France. We are building
an exciting pipeline of additional projects."

About Solar Integrated:

Solar Integrated Technologies, Inc. (SIT: AIM.LN) is a Los Angeles-based company
that manufactures, designs and installs building integrated photovoltaic (BIPV)
roofing systems for non-residential, low-slope rooftops. We are a leader in the
development of an innovative and proprietary BIPV roofing system that combines
flexible thin-film solar modules with a single-ply roofing membrane for
large-scale commercial and industrial applications. Our BIPV roofing system
enables our customers to transform a traditional rooftop into a value-generating
asset. Our customers include Audi, Carrefour, Coca-Cola Enterprises, Frito-Lay,
Honeywell, Metro, ProLogis, San Diego Unified School District, Tesco, Toyota,
Unibail-Rodamco, UPC Solar, U.S. Air Force, U.S. GSA, U.S. Navy, Wal-Mart and
Westfield. For more information, please visit www.solarintegrated.com.

About Urbasolar:

Urbasolar is specialized in turnkey photovoltaic projects and is a significant
actor in the French landscape with more than a decade of renewable energy
experience. For more information, please visit www.urbasolar.com.

About Akuo Energy :

Akuo Energy is a European-based investor, developer and operator of renewable
energy plants across Europe, North and South America. Today, Akuo is actively
developing several projects across a broad range of renewable energy sectors,
including: Solar plants, Wind Farms, Hydro electric plants, Bio Ethanol plants,
Biomass energy plants, Wood pellet production plants.


For more information, please contact:


Solar Integrated Investor Contacts:

Solar Integrated Technologies, Inc. Solar Integrated Technologies, Inc.
R. Randall MacEwen John M. Palumbo
President & Chief Executive Officer Chief Financial Officer
Los Angeles, California, USA Los Angeles, California, USA
+1.562.299.0136 +1.562.299.0121


KBC Peel Hunt Ltd.
Nominated Advisor and Broker
Julian Blunt or Oliver Stratton
+44.20.7418.8900


Solar Integrated Media Contacts:

Gavin Anderson & Company
Ken Cronin or Deborah Walter
London, UK
+44.20.7554.1400


Urbasolar Contact:

Urbasolar
Stephanie Giraud, CEO
Montpellier, France
[phone]








This information is provided by RNS
The company news service from the London Stock Exchange

END
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[learntlesson] 14/11/2007 15:41

New Indian clean energy issue:

[motoben] 09/11/2007 09:50

stupid advfn posted the same message 4 times