Share Name Share Symbol Market Type Share ISIN Share Description
Sanditon Investment Trust Plc LSE:SIT London Ordinary Share GB00BMPHJ807 ORD �0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 90.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
88.00 92.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.73 0.39 0.68 132.4 45
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 90.00 GBX

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Date Time Title Posts
22/11/201922:55Sanditon Investment Trust - a new Ј50m trust50
01/3/201014:21Solar Integrated Technologies: for Solar Roofing2,803
26/3/200809:02Solar Integrated Technologies9
03/3/200522:09Monitoring other Companies: Don't bother to Join-

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Sanditon Investment Daily Update: Sanditon Investment Trust Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker SIT. The last closing price for Sanditon Investment was 90p.
Sanditon Investment Trust Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 90p while the 1 year low share price is currently 78p.
There are currently 50,000,000 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Sanditon Investment Trust Plc is £45,000,000.
motoben: the credits only for another 3 months with no guarantees of extensions or having the other one in place in time could cause big problems. also just because the share price is below the warrants they have lowered it for ge and extended the duration of them, to me it sounds like another placing and money worries are still hanging over the company.
edcrane: if you read the first few headline numbers and statement it all sounds good .... then you get to the outlook ...... delayed profitabiolity until 2009, US order delays and worries about US legislation harming business going forward and a very sizeable downgrade in expected 2008 sales from $140m - $160m to $100m - $120. All very worrying really. Surprised the share price, even after the pullback, is not down further
edcrane: From today's Independent newspaper .... Small Talk: Solar panels firm recovers to see bright future The turnaround of Solar Integrated Technologies (SIT) has been remarkable. In 2006, the company, which manufactures solar panelled warehouse roofing, nearly went bust due to poor organisational and financial management, according to analysts at Mirabaud. But the last two years have been a revelation for the group that started as a roofing firm before realising the potential of embracing environmental technology. A new management team led by chief executive Randolph MacEwen was appointed, and with the benefit of a customer list that includes some of the world's biggest companies, the group is now thriving. SIT doubled its growth between 2006 and 2007, with analysts expecting that its latest results, to be published on 31 March, will show that the company has again come on in leaps and bounds. The technology is simple. They buy in the solar panels from an outfit called Unisolar, and attach them to their own roofing membrane, before rolling the whole lot out on flat warehouse roofs. SIT operates around the world targeting countries that have favourable feed-in tariffs; the cash paid to electricity generating companies that feed their excess power back to the grid. For its customers, which include Tesco, Coca-Cola and Carrefour, the advantages are mighty; they get to point out their green credentials to ever more environmentally aware customers, and can earn a tidy sum by selling their electricity. In February the group announced a contract worth $3m with the French chocolatier Cemoi. The agreement is small, but according to KBC Peel Hunt "the deal is further evidence, in our view, of the success of the company's strategy". Today is going to be another big day for SIT. It is planning to announce that its solar-panelled roofing technology has been granted a patent in the US. Most of its competitors are solar companies, which lack roofing know-how. The only risk to the business is the company's ability to keep pace with its order book, which analysts describe as strong. The share price has remained steady at around 90p since it tanked back in 2006; analysts are expecting this to grow, with Mirabaud saying there is potential to rise to at least 150p, but even they concede that "the full growth potential may not be reflected in our estimates".
motoben: 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
eriksay: 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.
hectorp: The share price has now risen through the 13 day MA and sits comfortably above the 50 and 200 days. The share has risen through the falling resistance line of the past month at a time the RSI had fallen to 45, so the share can and may well return to highs of a month ago. Anyone buying now at 125p is not getting a demanding share price, its not in the least overbought. I believe that the old high was in fact a fair price and the share has been manipulated down so some institutions could top up after the last good news. This decent newflow is getting more and more regular showing the company is making bvery strong headway.
babylon3: Old information I know, but an interesting read all the same. Does anyone know of any recent reserarch notes to have been published? Solar Integrated Technologies raised £12 million on AIM at 171p in May 2004. The company, which has a manufacturing plant in Los Angeles and has important German connections, manufactures photovoltaic roofing systems, its technical proficiency said to be well ahead of the technology employed globally in this sphere to date. It intends to open a Paris office, and a German manufacturing plant, and the money is partly for these purposes. Photovoltaics involves the generation of energy from light. The trick, assisted by the exhortations of green activists and of governments, is to persuade the developers or owners of commercial buildings to spend more on the roof than would be the case if purely functional or perhaps even aesthetic considerations predominated; the idea being of course that the electricity generated by the specialised roof of such a building can contribute to the energy consumption of the inhabitants - or generate income through its being fed into the national grid. The developers of the Solar Integrated Technologies system (20 years or more in gestation) believe that their system, which, broadly speaking, like its competitors, generates power in relationship to the size of the area so treated and the intensity of sunlight to which it is exposed, has a pay-back period of five to eight years - in Southern California. The installation has a lifespan of about twenty years. But investors should note that throughout the world there are public-sector incentives of various kinds and potency to encourage the use of renewable energy substitutes for non-fossil fuels. The company is still over 70% controlled, post-flotation, by two US citizens, Ed Stevenson and Bruce Khouri whose successful business activities encompass too a conventional roofing business. But this appears only to have helped Solar Integrated Technologies from being confined to the realm of future promise - the business is up and running, having already made significant installations (mainly in Southern California) - and having made a profit of more than $100,000 in the year to December 2003 on sales of $8 million. Moreover, there is a $70 million order book which is expected to generate more than $50 million in terms 2004 revenues, revenues which are in the process of being structured so as to allow to be recognised at the point of delivery of an installed system. In Europe, Germany is noted for the vigour with which it pursues, inter alia, policies to encourage photovoltaic installation, and in addition to the technical links with organisations in that country which are key to the Solar Integrated Technologies offering, its setting up business there gives credence to the claim that its advanced system will help countries less geographically favoured to make efficient use of the technology. The first real engagement with the market was not propitious - the appointment of a CEO who insisted on more conservative income recgnition policies -leading directly to a profits warning. But the appointment of a European head and the acquisition of 30% of a German roofing company proved more palatable fare. In April 2005 an agreement with a Swiss-based company saw the latter poised to commence sales operations in Germany. The interim results to June 2005 showed sales of $14.4 million (2004: $3.7 million) and pre-tax loss of $1.7 million (2004: $2.2 million) - 2005 EBITDA was $100,000 (2004: $(1.7 million)). The company reported that its sales order backlog was over $30 million and the sales pipeline over $100 million. In October, the company obtained $4 million of bridging finance in the form of 10% unsecured loan stock, potentially convertible into ordinary shares at $2.82 per share. This is in addition to a loan of $2.9 million made on similar terms by Mr Khouri, a founder, director and significant shareholder in the company. Later in the month, the company reported that it had won a further six orders from European customers (estimated by ArmShare to have a value of c€750,000), including the first sale in Spain - this takes the number of European orders to 13 since July 2005, the date when the company's International Electrotechnical Commission certification was received. In November, $37 million (comprising $33 of new money and the $4 million referred to in the above para) was raised through the issue of convertible loan notes, the principal terms of which comprise maturing on 1st November 2010, interest payable @ 6.5% per annum and conversion price of $3.392 per share (a 16% premium to the average closing price for the preceding 10 days). In January 2006, a revolving line of credit facility for up to $20 million for a term of up to 5 years was obtained from an affiliate of GE Energy Financial Services. Solar Integrated granted GE Energy Financial Services 5 year warrants to purchase up to 2,000,000 shares of common stock of Solar Integrated at a strike price of $3.392 per share (equivalent to 196.9p per share as at 3rd January 2006 vs the then share price of 221.5p ). Having invested in an innovative solar roofing project with the San Diego Unified School District, GE Energy Financial Services has a right of first refusal to finance up to US$500 million of existing and prospective solar roofing projects. Later in January, the 30% shareholding in Dachland AG (the German roofing contractor) acquired in January 2005 was sold, on the grounds that the arrangement tied up working capital and conflicted with having relationships with other channel partners in Europe. The consequences are a loss on the sale of $1.8 million which will be charged in Q4 2005; Solar Integrated gets released from all of its indemnification and bank guarantee obligations of up to $4.1 million under the terms of its original investment; Dachland has agreed to purchase from Solar Integrated at least 8 MW of BIPV roofing systems through 2008. Also in January, Honeywell Building Solutions awarded a $2.5 million contract for a 144,000 sq ft roofing system for a building at Luke Air Force Base, Arizona. A January update re 2005 reported that 39 industrial solar roofing projects were completed in 2005, taking installed projects to 58 which represents more than 6 MW of installed generating capacity. A key feature of the company's solar panel solution is that it weighs 12 oz per sq ft and can lie flat on top of an existing roof, whereas traditional solar panels weigh 8 lbs per sq ft and often require roof modifications before installation. In addition, through using silane gas rather than purified silicon (as used by most other solar technologies), the company is not constrained by global silicon supply and pricing, which is currently causing difficulties to users of silicon. These key product characteristics are expected to enable the company to unlock the potential of industrial roofing as a nascent market for on-site solar power generation. An April update re the final results to December 2005 reported that revenues will be in line with the range of analyst expectations - the costs associated with launching in Europe have resulted in lower gross margins and EBITDA in H2, which for the full year will be negative; sales and pipeline activity in early 2006 are in line with the board's expectations.
ariane: Top Ten Retail Investor Buys & Sells for week ending 26 January 2007 26 January 2007 Angus Rigby, Chief Executive Officer, TD Waterhouse, commented: The mining sector helped get the FTSE off to a flying start on Monday following a rise in commodity prices, but disappointing news followed on Tuesday as Tate & Lyle announced that it was unlikely to meet expected profit targets. Tate & Lyle's shares fell 16 per cent as the company blamed its failure to meet market expectations on poor demand for its key sweetener product Splenda. The company commented that orders for Splenda from US carbonated drinks manufacturers had fallen below expectations. Tate & Lyle was the number one buy amongst TD Waterhouse clients this week as investors took advantage of the share price fall. Interest in the Company has also been fuelled by recent speculation of a possible takeover bid from Nestle or Kraft. Elsewhere, Solar Integrated Technologies and RC Group made their first appearances in the TD Waterhouse top 10, with our clients choosing to buy both. Solar Integrated Technologies traded up 6.77 per cent on Thursday following an announcement of a new contract with Tesco USA at the end of last week. The contract is estimated to be worth $13m, to install what will be the world's largest roof-mounted solar installation in a Tesco distribution centre in California. RC Group shares rose 5.76 per cent on Thursday after the security solutions company - specialising in face, fingerprint and iris recognition - said that following a bumper second half, its final year results would be well above market expectations. Following poor sales over the Christmas period blamed on falling DVD and CD prices, Woolworths' shares have been trading down 1.50 per cent over the last month. Like-for-like sales in the Woolworths retail chain for the 6 weeks to 13 January declined by 4.6 per cent. Nevertheless, the group's share price rose 1.55 per cent on Thursday perhaps following the news that the company is to launch a new travel and holiday website on 26 January. The site will offer discounted hotels, flights and holidays from the main tour operators. This week our clients chose to buy shares in the Woolworths Group. Top 10 Buys 1 Tate & Lyle 2 PartyGaming 3 BP 4 Tanfield Group 5 Lloyds TSB 6 Solar Integrated Technology 7 RC Group 8 BT Group 9 BHP Billiton 10 Woolworths Top 10 Sells 1 Royal Bank of Scotland 2 BP 3 BHP Billiton 4 PartyGaming 5 Xstrata 6 Vedanta Resources 7 Vodafone Group 8 Antofagasta 9 HSBC Holdings 10 BT Group
masurenguy: waldron - does your post #633 mean that you think the SIT share price is being manipulated ?
don muang: & surprise, surprise, out pops a RNS..... Share Price Movement RNS Number:7377M Solar Integrated Technologies Inc 27 November 2006 27 November 2006 STATEMENT RE. SHAREPRICE MOVEMENT Solar Integrated Technologies Inc. ("SIT" or "Company") The directors of SIT note the recent movement in the SIT share price and confirm that the Company is currently in discussions regarding the raising of further funds through an issue of common shares. Further announcements will be made in due course.
Sanditon Investment share price data is direct from the London Stock Exchange
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