Sanditon Investment Share Discussion Threads

[osaka] 12/9/2007 09:06

thanks asparks for pointing this garbage on my radar. LOL

down she goes. 40p target

[ariane] 12/9/2007 06:15

Solar rising for PV Crystalox
By Fiona Harvey,Environment Correspondent

Published: September 12 2007 03:00 | Last updated: September 12 2007 03:00

PV Crystalox Solar, one of the biggest manufacturers of silicon components for the solar electricity generation industry, gave an upbeat appraisal of its prospects yesterday.

The group said the solar market was expected to expand by 35 to 40 per cent in the next year.

The shares rose 8½p to 121p in spite of a fall in net income from €18.4m to €13.6m (£9.25m) in the six months to June 30.

The lower profit was blamed on the costs of the flotation and a weaker yen, as the company's biggest market is Japan.

The company listed at 130p a share when it floated on the London Stock Exchange in June. The float valued PV Crystalox at £542m.

Turnover rose from €114.6m to €123.6m. Earnings per share were 3.6 cents for the half year but would have been 5 cents before flotation and other costs, compared with 4.4 cents for the same period last year.

Iain Dorrity, chief executive, said the results showed the company had achieved its goals since flotation, when the company raised nearly £50m, largely for investment in a new silicon production facility in Germany.

Work will start on building the new plant next week, and it is expected to come on stream in 2009 and produce 1,800 tonnes of silicon a year by 2011.* Solar Integrated Technologies, the Aim-listed solar company, saw interim losses deepen from $7.1m to $12.2m for the six months to June 30, compared with $7.1m. But revenues rose from $15.5m to $19.8m. The shares dipped 1½p to 80p.
source:FT

[cyberbub] 11/9/2007 15:31

overall good results - good that they are planning to start further shifts of workers - good turnover increase - decent profit margins - but the share price falls...

I think investors are probably worried about the deliverability of the promises though! With only $19m of sales in the first half it is not clear how they hope to reach their projected 60-80m sales for year-end?!

[osaka] 11/9/2007 10:34

Open a short today, expect this to drift back to 40p by nov.

[martinc] 11/9/2007 08:44

Very reassuring to see those profit margins are up.

[asparks] 11/9/2007 07:30

what does that mean streg

[asparks] 11/9/2007 07:24

good results.

[ariane] 11/9/2007 07:10

Solar Integratedtech Interim Results


RNS Number:6187D
Solar Integrated Technologies Inc
11 September 2007



SOLAR INTEGRATED REPORTS 2007 FIRST HALF RESULTS

London, UK and Los Angeles, California, September 11, 2007 - Solar Integrated
Technologies, Inc. (AIM:SIT.LN), a leading provider of building integrated
photovoltaic (BIPV) roofing systems, announced today its unaudited financial
results for the six months ended June 30, 2007 and highlights of recent
corporate activities. Unless otherwise noted, all amounts are reported in U.S.
dollars and in accordance with U.S. GAAP. This press release contains some
non-GAAP financial information.

2007 First Half Financial Highlights

- Revenue up 27.5% to $19.8 million (2006 H1: $15.5 million)

- On a GAAP basis, gross margin of 12.8% (2006 H1: 7.5%)

- On a non-GAAP basis, gross margin was 17.0% after adjusting for (i)
unabsorbed production and other costs, (ii) one European project
involving the discounted sale of discontinued product, and (iii) one U.S.
project involving the initial launch of a new product

- Excluding non-cash stock-based and warrant compensation, SG&A costs down
$2.0 million or 20.4% to $7.8 million (2006 H1: $9.8 million)

- Non-cash stock-based and warrant compensation expense of $4.5 million,
including $3.9 million for warrants granted to UPC Energy in December 2006

- Recovery of impaired receivable of $3.3 million

- Adjusted EBITDA improved 42.7% to ($4.7) million (2006 H1: ($8.2)
million)

- On a GAAP basis, net loss of $12.2 million or $0.17 per share, which
includes $3.5 million for non-cash fair value accounting of warrants and
$4.5 million for non-cash stock-based and warrant compensation expense,
partially offset by a $3.3 million recovery of an impaired receivable,
when compared with net loss for 2006 H1 of $7.1 million or $0.20 per
share

2007 First Half Operational Highlights

- Started second shift for manufacturing operations in May in response to
strong order demand

- 27 solar projects completed in H1, representing 2.3 MW of installed solar
systems

- Over 12 MW of installed solar systems since the Company's inception, with
over 130 reference sites

- Added Carrefour, Tesco, Unibail-Rodamco, UPC Solar and Westfield to
customer list

- Expanded European sales in Germany, Spain and France and announced
initial orders in Italy for 2 MW and initial order in Belgium

- Announced world's largest BIPV solar roofing project for Tesco U.S.
distribution centre under construction in Riverside, California; total
project, including roofing, at $17.4 million

- $4.1 million sale of 2 Coca-Cola projects in Southern California marked
first two projects with UPC Solar

- Launched Solar Carport as product offering, including completion of first
installation

2007 Outlook

- Maintain 2007 revenue guidance in the range of $60 million to $80 million

- Maintain 2007 full year consolidated gross margin guidance in excess of
15%

- Revenue and gross margin contribution heavily weighted in 2007 H2

Commenting on the results, R. Randall MacEwen, President & CEO, said:

"We are pleased with our progress in the first half of 2007 on improving our
financial performance and building our platform for sustainable profitability.
We are on track to meet our 2007 revenue and gross margin guidance. We are
expecting a solid back half, potentially approaching EBITDA positive, excluding
non-cash stock-based and warrant compensation expense and change in the fair
value of warrants. We continue to focus on our controllables, and our cash
management has improved significantly over the last year. We are now building
our order book for 2008 deliveries and are positioning the Company for
profitability in 2008.

"With the level and quality of our sales activity, we doubled our manufacturing
capacity by adding a second shift, and we plan to add a third shift later this
year. We continue to capture market share in the attractive commercial BIPV
segment."

The Company will host a conference call on Tuesday, September 11th, 2007 at 3:00
pm London time/10:00 am ET/7:00 am PT. Investors and analysts can participate in
the call by dialing [phone] with access code 164169.

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 Carrefour, Coca-Cola Enterprises, Frito-Lay,
Honeywell, ProLogis, San Diego Unified School District, Tesco, Toyota,
Unibail-Rodamco, UPC Energy, UPC Solar, U.S. Air Force, U.S. GSA, U.S. Navy,
Wal-Mart and Westfield. For more information, please visit
www.solarintegrated.com.

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


Solar Integrated Nominated Adviser:
KBC Peel Hunt Ltd.
Julian Blunt or Oliver Stratton
London, UK
+44.20.7418.8900

Solar Integrated Media Contacts:
Gavin Anderson & Company
Ken Cronin or Deborah Walter
London, UK
+44.20.7554.1400

* * * * * * * * * * * * * * * * * * * * * * * * * * *

2007 First Half Financial Highlights

Consistent with prior periods, the Company expects to book a higher level of
revenue and gross profit in 2007 H2 than in 2007 H1. First half revenue is, and
typically has been, lower than the second half revenue in large part as a result
of the seasonality of the business, including the rainy season in Southern
California, the winter season in Germany, and the budget and construction cycles
of the Company's target customers. As the Company is involved in a construction
project-based business, the Company may experience lumpiness from period to
period.

Management reviews revenue and gross margin performance of the business in four
market segments:

*Europe Solar: The Company manufactures its BIPV roofing panels for
projects in Europe where customers purchase the systems for installation by
others.
*U.S. Direct Solar: The Company manufactures and installs its BIPV roofing
systems for projects in the United States where customers purchase the
systems on a turnkey basis.
*U.S. Financed Solar: The Company manufactures and installs its BIPV
roofing systems for projects in the United States where the end customer
prefers to purchase solar generated electricity under a long term power
purchase agreement rather than purchase, own and operate the solar energy
system directly.
*Roofing and Maintenance: The Company installs and maintains for select
clients energy-efficient roofing systems in Southern California. The Company
can install these roofing systems pre-wired for potential future solar
retrofit. The Company believes this strategy maintains and strengthens its
customer relationships, positions the Company to capture additional business
for its BIPV roofing systems, provides additional margin-generating revenue,
and provides for smoothing of labor deployment. The Company expects this
market segment to decline as a percentage of revenue over time.

[roks] 05/9/2007 12:50

all quiet here? nothing exciting happening here then?.........

[asparks] 29/8/2007 08:59

holding up fairly well, considering market conditions................

[ohboy] 28/8/2007 10:46

Someone bought over the bid price, is this going up?

[motoben] 28/8/2007 10:38

83/89 4v1

anyone know what rules goven how much stock the company can issue without giving a vote to share holders, they seem to have given away so much of the company for pennies earlier in the year when they had to get some money in, now i expect that they dont need it so much. so if this building company wanted 29% would they have to buy at market (much prefer this) or would sit just dilute again?
was this why the price was pushed down so much the last few weeks on hardly any trades, just to hit some stoplosses, as every sell was accompanied by a broker buy, house broker acculating?
shame we need a 70% rise now just to get back to where we were in may.
i expect another contract this week or next by the previous timings of every few weeks

[asparks] 28/8/2007 08:33

5-day chart showing bid/offer spread shaded - - - - - - - - - - - - - - - and intraday chart



+ 3 month charts -----------------------------------------------------------and 2 year charts

[contactamir] 24/8/2007 16:03

could someone please say what the article on back of ft is about, thanks.

[babylon3] 24/8/2007 13:59

Onward and upward! Interesting article on the back of FT re: SIT.

[asparks] 24/8/2007 12:51

bid raised drom 81 p to 85 p.

they want your stock.

[asparks] 24/8/2007 10:37

ticking up nicely now. wish I had some spare cash for more of these
a lot of traders are away for the long weekend I think (market quest today)
when they return on tues, this should get a significant rise.
my advice: get in now at discount prices!

[asparks] 24/8/2007 10:22

nice 50,000 buy

[contactamir] 24/8/2007 10:16

level 2 1v1, we have much more to go

[asparks] 24/8/2007 10:09

moto - are you saying it is 1 v 1 ?

[motoben] 24/8/2007 09:59

81 v 85, 52000 all buys today