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JHL Jetion Solar

77.00
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jetion Solar LSE:JHL London Ordinary Share VGG5113P1009 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 77.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 77.00 GBX

Jetion Solar (JHL) Latest News

Real-Time news about Jetion Solar (London Stock Exchange): 0 recent articles

Jetion Solar (JHL) Discussions and Chat

Jetion Solar Forums and Chat

Date Time Title Posts
03/10/201217:50Jetion-High Efficiency-Innovation-Green Technology!3,954
08/9/200918:58Jetion - Solar Cells106
24/4/200910:36What do you think of JHL?-
08/12/200807:16Jetion Holdings. New Issue875
12/10/200814:40Jetion *****new SOLAR cell play***** has wings2

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Jetion Solar (JHL) Top Chat Posts

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Posted at 15/4/2011 07:58 by liarspoker
Yes, China as it says in the last RNS:

Extraordinary General Meeting and Cancellation from Trading on AIM

The notice of EGM is being sent to shareholders shortly convening an extraordinary general meeting at 10.00am UK time (5.00pm local time), at 1011, Zhencheng Road, Shengang, Jiangyin, Jiangsu Province, The People's Republic of China, on 15 April 2011. Subject to the passing of the Cancellation Resolution, the cancellation of the Shares from trading on AIM will take effect from 27 April 2011 and the final day upon which they can be traded on AIM will be 26 April 2011. As noted above, the Company has received irrevocable undertakings to vote in favour of the Cancellation Resolution from shareholders whose aggregate interests represents over the 75 per cent. of the Company's share capital required to pass the Cancellation Resolution.
Posted at 31/3/2011 12:34 by chrismez
Yes but last year when they announced they were thinking about listing on AIM and on the Hong Kong Exchange, the share price rose to over 100p and would no doubt have continued onwards to 150p if the Board had confirmed the intention to seek a HKex listing.

The BoD / family therefore know that either they buy the company now on the cheap or they announce that they're going to list on Hkex and watch the share price double.

They're not going to do the latter cos its much cheaper to buy the outstanding shares at 83p - then de-list from AIM - and I bet my shirt that a few weeks after delisting here - there'll be an announcement that JHL is listing on the Hkex. !!!!!!!!!!!!!

Bet they float the thing again on Hkex at the equivalent of 150p - ergo the BoD and the family double their money at our expense.

This is so transparent that the police really should become involved in this - its just flagrant fraud - walking away with my / our money.
Posted at 28/3/2011 16:30 by evaluate
Chrismez,

I'm afraid i don't buy that point.

I'm long JHL. They will get paid 83p on my position & I'm fully expecting to get paid out on it to that level. IG should NOT be expecting to make a windfall profit on my position.

The idea is that it's like owning the shares. I'm holding on to the end & I will be furious if I don't get the full 83p.
Posted at 28/3/2011 11:06 by evaluate
IG are taking the spread off the price!

That's outrageous. The price should bet the price - totally fail to see why they take anything off it.

Or am I missing something?
Posted at 25/3/2011 07:56 by 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.
Posted at 23/3/2011 20:16 by davidosh
I have never had a holding here but this looks terrible for the minority holders.

So the company floated on AIM four years ago and the founding family no doubt took out a nice lump of cash for the dilution at much higher prices than today.

Placing Price 151p
Number of Ordinary Shares in issue immediately prior to
Admission 50,000,000
Number of Placing Shares being placed on behalf of the
Company 25,165,564
Number of Ordinary Shares in issue immediately following
Admission 74,209,676


The Aim market was fine for them then. What has really changed ? They now want to pay half the price to buy the minority stake back after four years of profits and no dividends ???

You guys need to join ShareSoc for a start and get an action group together. www.sharesoc.org
Posted at 22/3/2011 21:55 by mattjos
Funny old game isn't it ........ EVO have happily sat on top of the Bid here for weeks, months even really .... happy to pay up to 79p for stock seemingly no matter how much was being sold.

Even after losing the Nomad status they have topped the Bid at 79p


Whilst my JHL holding over the last few months will net me a profit, I suspect most holders will not have as fortunate & the BOD of JHL have effectively taken best part of 70p/share from the market.

the behaviour of the BOD, of EVO and of various new Asian investors here, detailed in post 3904 (just Who is this Lion Trust we ask as no amount of research can dig up anything about them?), will quite justifiably leave a few to draw some rather dark conclusions.

There seems little point my getting steamed up about it .. take the money and move on but, there is a strong personal desire to make some noises about the actions of certain parties here ....... I'll wager this pops back up on the NASDAQ or Hang Seng at some future point.

Creative Destruction in action i suppose.
Posted at 21/1/2011 14:40 by kappa3
The worrying thing is this could go like sinosoft tech. They had massive cash deposit good order books the share price had taken a knock as all shares had done but things were definitely turning when the company went private. It was a case of take our price or lose everything and they delisted.
Posted at 05/12/2010 19:35 by chrismez
Recent article - no mention of JHL !!

__________________________________________________________________________


Your Chance at Cheap Solar Stocks
By Nick Hodge | Friday, December 3rd, 2010

Now's your time to get into solar. I recapped solar earnings in these pages a few weeks ago, when major players like Renesola (NYSE: SOL), LDK Solar (NYSE: LDK), JA Solar (NASDAQ: JASO) and others were reporting doubling, tripling, and even quadrupling of revenue and profits for the quarter.

Now that earnings season has all but passed, we're starting to see the announcement of deals that will drive solar growth in the quarters to come.

Just look at some of the announcements from the past two days:

JA Solar Secures 10 GW Supply of Poly Wafers from GCL-Poly

Sunpower (NASDAQ: SPWRA) Building New Solar Plants in Cali and Italy

GT Solar (NASDAQ: SOLR) Announces First Orders for LED Production Equipment

Solar Inverter Shipments Hit Record High in Q3

Sharp to Invest $180 Million in New Solar Production Line

And with the recent bullish earnings and deal activity, analysts are taking notice...

Auriga initiated coverage on Renesola with a buy rating and a $20 price target, citing the Chinese company as a "low-cost polysilicon solar leader." The stock currently trades for $9.00.

The investment firm also put a Buy rating on Suntech (NYSE: STP) with an $11.00 price target and on Trina Solar (NYSE: TSL) with a $38.00 price target - both significant premiums to current levels.

Jefferies & Co. has also chimed in, reiterating a Buy rating on Trina Solar with a $40.00 price target. Folks, Trina's currently trading for less than $25.00.

Wells Fargo upgraded Yingli Green Energy (NYSE: YGE)... ThinkEquity upgraded LDK Solar (NYSE: LDK) and First Solar (NASDAQ: FSLR)...

This all happened this week. It always comes back to China

China already manufactures the most solar products and has the largest wind energy market in the world. And now the country is taking additional measures to secure its dominance of the future world economy.

Bloomberg reports this week, "China will subsidize half of the bidding contract prices for key solar equipment and create 13 industry zones as models for solar energy applications."

China's Ministry of Finance also said it wants to install 1,000 MW of solar capacity per year after 2012; it has a 20,000 MW solar target for 2020.

The Financial Times said this week a report from Ernst & Young concludes, "China has surged ahead of the rest of the world in renewable energy, creating a 'new world order' in the low-carbon sector."

________________________________________________________________________

Pity JHL isn't part of that "new world order"
Posted at 24/9/2010 01:44 by mattjos
Cordwainer, i doubt it. there is a change of hands in the stock in progress, hence the RNS's. This has been done at an artificially depressed price, imo & EVO & WINS have been mucking it about while it's been taking place.
Stock is now freeing up and retuning to a more realistic level, imo.

Jetion reported 2009 was 'satisfactory' in trading terms but that the weakness of the euro meant it had affected their profitability:

"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 ..... In consequence, the results for the half year to 30 June 2010 are likely to show a profit which is less than for the same period last year, albeit that sales volumes are expected to be some 130% higher. "

As i tried to post here a while back since June this year the Euro/$ and Euro/RMB trend has reversed & there has been a constant strengthening of the Euro relative to both the US$ and the RMB - about 10% from the low point in June.

The mix of revenue streams (the majority into Europe & then USA & China) mean this is company is a geared play on exchange rates in many ways.

So this is worth bearing in mind.

now, in H2 this year we have "... plan to increase our solar cell capacity to 200 MW during the second half of 2010. Our full year average solar cell production utilisation ratio was 97% (2008: 92%)."

If 2010 sales growth continues at the same rate, if margin growth also continues at the same rate & if the Euro continues on this strengthening trend ..... Jetion's H2 of 2010 could see significantly increased profitability against an already well signalled weak H1 - hence why the share price is all the way down here at present. Chinese company performances are usually biased towards a much stronger H2

Interims next week i believe & i feel the slight increase in the share price may be in expectation of the planned capacity growth being confirmed & the possibility of an Outlook statement hiliting the more favourable exchange rate trend.


The potential downside is that Jetion had advised they would raise equity funds at the time they list on the HK stock exchange ... . the listing is now called off. At the 09 Year end they had $25m cash reported which was $3m up on the H1 09 position & seems daft to me to try and raise funds in london at this price unless they have a 'no-brainer' acquisition lined up.

Much will hinge on the mgmnt commentary in the outlook statement but the shares look a little too cheap to me at this level on a trailing p/e of less than 4 .... forward p/e is a total unknown though. Chart looks a dream to me
Jetion Solar share price data is direct from the London Stock Exchange

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