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Where the hell can I find the official 2008 financial statements? The latest one I can find on their site is up to 2007 June 30.
Look for first half results around mid to late September...barring any unexpected news, don't look for much as most revenue are in the 2nd half of the year
Re: Next five years
Tescos Fresh & Easy To Set Up Shop In Chicago
In the UK, The Independent reports that Tesco is getting ready to set up an office in Chicago that will serve as a precursor to an eventual opening of its Fresh & Easy Neighborhood Markets there.
According to the story, a team of executives already has a team of executives on the ground there, looking for property that can used both for retail stores and a Midwest distribution center. Matthew Price, a real estate director for Fresh & Easy, is said to be in charge of the Chicago property acquisition team.
No target date has been set for when Fresh & Easy might begin opening stores in Chicago.
As the Independent writes, “The revelation is the clearest indication yet that Tesco intends to gain geographical spread in the US beyond the 71 Fresh & Easy stores it has already opened in southern California, Arizona and Nevada.”
I expect a bottom as soon as the exchange can snuff out all the loose shares, and then ride that bottom to October...from there, a steady climb to fiscal year end numbers IMO.
Summer is historically a low volume period. Add to that, the uncertainty in the markets in general, and the exchange will play on peoples fears by lowering and lowering (this is how they make money - transactions).
GT Solar's IPO seems to have been fast tracked to beat the notice of a lost major contract - not good
SunPower shares have soared on a major PG&E project announcement - good? Well, maybe. The deal is contingent on the U.S. Senate extending the ITC (good for SIT) It was noted by an analyst that SunPower was fast tracking this deal at the expense of margins - not good for SunPower.
SIT has a strong customer base with the ability to pick projects with high margins. As noted by Nomura Code Securities "Many of these projects can be considered "reference" projects for customers who all possess significant numbers of "big box" buildings with roofs applicable for SIT's solution. In this respect SIT has already begun repeat business with some of these customers and we believe that serving these companies alone could account for the vast majority of SIT's expected business over the next five years".
On a side note, I am curious on how the First Wind IPO plays out (this is another Caffyn company).
Cheers, and enjoy the remaing summer.
Does anyone have any insite as to why the share price is taking such a beating.
No news has been posted in some time, haven't read anything but good things and yet it continues to gets beat up.????
Timing is not right for an IPO and he understands this, and today's IPO tends to indicate this.
Mr. MacEwen has indicated consolidation will take place
GT Solar IPO - lmiddle of price range - http://www.marketwatch.com/news/story/gt-solar-ipo-raises-500/story.aspx?guid=%7B43D7441F%2D975D%2D4062%2DBBA2%2DB8C36CC65353%7D
Article on BIPV marketplace ... http://www.greenbiz.com/news/2008/07/24/building-integrated-photovoltaics
(still holding ...)
Watch for the GT Solar IPO this week. The reaction will speak volumes.
I've tucked this away for longer term but is anyone aware of issues over pending large sales or market indigestion .
I was testing the market price of some of my investments . I could not get a real time price for selling SIT ( buying was OK) .
Though the information is good, it is also incorrect.
The Nomura forecast is for 6.7 million U.S.
Projected Revenues are for 146 million U.S.
Markets are jittery.
Institutional holdings are quite significant.
As always, I suggest to hold on to what you have.
Web link from todays announcement - Nomura forcasting 2008 profit of 6.7 Million UKP .
Please ignore my comment --- wrong share ...
On the London Stock Exchange website there are two entries from about 16:35 today about 'Auction Price Monitoring Extensions' . Can someone explain what these mean ?
I just received a response from Pelham Public Relations (SIT's public relations firm) regarding the AGM.
They advise that unless there is price sensitive information that comes up in the meeting, SIT is not under any legal obligation to make a statement. All resolutions passed.
Contacted SIT via email - no response
Contacted by phone - spoke to someone named Elaine (This after the receptionist did not know who I should be talking to).
Elaine indicated that she did not have taht information, and directed me to the companies media relations firm.
I emailed the firm the question - no resonse.
An feedback from the AGM - I thought this happened on Monday ?
Rocket just realised your post is same. oh well. :=)
United Solar Ovonic, projects doubling of solar capacity by end of next year.
SIT have signed a Multi Year and supply cooperation agreement with united Solar Ovonic
Solar Integrated gains 2.31 million Pounds after Exercise of Warrants
Yet another Buy rating.
With European governments offering subsidies to encourage the use of solar power, Solar Integrated Technologies has expanded from the US to the Continent. With a blue-chip client base that includes Tesco, Audi, Toyota and Wal-Mart, and new contracts which guarantee supply, the company is expected to double revenues again this year.
Chief executive Randy MacEwen is in London this week to meet investors and analysts, meaning the shares could receive a considerable boost. As noted above, there are considerable risks with alternative energy companies that may be strong on ideas but weaker on management and financing. Nevertheless, SIT bears further examination. Buy, says the Sunday Telegraph.