Member Info for k7pws

2010 Outlook The Company has witnessed robust market demand in the beginning of 2010, which it expects to remain through the first half of 2010, with stabilizing polysilicon prices and increased wafer spot pricing. For Q1 2010, ReneSola expects total solar product shipments in the range of 215 MW to 230 MW, revenues in the range of US$195 million to US$205 million and gross profit margin to be in the range of 16% to 18%. Although the Company anticipates solar wafer price declines in the range of 10% to 15% in the second half of 2010 due to increased competition and feed-in tariff cuts in international markets such as Germany, the Company maintains its full year 2010 total solar product shipment guidance to be in the range of 900 MW to 950 MW. The Company expects to be profitable with average gross profit margin in the range of 17% to 20% for the full year 2010.

much higher production ans sales. Loss for quarter attributed largely to doubtful receivables from sale of Linzhou Zhongsheng. Return to profit in quarter 1 2010 as inventory of high priced silicon all but used up.

http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10405068

people who bought low and have seen the rise towards results are selling some to lock profit in case the results cause a fall in sp. No one can be sure of anything. This fall is as expected. It would be much worse if there was a leak of something negative.

be rumours about. Anyone know what and where?

lol

Fec resources and Philex are the essentially controlled as one so this cannot experience another hostile t/o. Already lost out on that one, selling at 48p at loss. Got back in though at much smaller volume than I had pre T/O. Knew it was now a long haul which is why I chose a relatively small, long term strategy of 10k at 40p. This has a long way to go. I have no idea whether the market will fully appreciate its value now. I would doubt it. With so few shares available it won't take many with short term strategies to sell at profit and reduce the price. It will find another level, hopefully higher than today. The news of plans and finance, maybe JV, promised shortly may be weeks or months away. THat should get it going and would be a good time to consider taking some profit. Some solid figures at that time will help a lot. Patience till then and re assess is how I'm playing it. Been in 4 years, whats another 1 or 2? Would be satisfying to make 100k eventually! GL all

That is certainly the bear mood of the time. Everything is subdued after a brief bull period. In AIM its looking at fundamentals, calculating value, halving it, then halving again just to be safe, and then be cautious cos that may still be too high!

complete. Loose ends tied up. now where will they invest for us? Must be a good time again with sp of many depressed.

announced today. Relatively muted response which may well change if the Americans have more appetite.

uncertainty in this area continues and the sale suggests a need for cash again. Of course it will cause a negative reflection in sp. When we get some real reassurances this will fly. The longer this goes on the worse it looks. Been here before and lost a lot or made a lot more. I'm resigned to waiting now. We didn't even get a sale price did we?

this is a bigger drop than expected. Maybe it will now test 18p! The markets can do odd things some days. Always the doubt that some rumour of bad news is floating about, but since there's a lot of others sporting a fall not commensurate with the general fall I've got to assume this is a temporary glitch which will correct in a few days or so and is probably presenting a buying opportunity.

I really can't understand the sp here. The fpo was closed 5th oct, raising over $70m, so they must have sold all 15.5m ADS. Yet the sp is dragging along the floor for apparently no reason. Is this just current madness or does someone know something credit Suisse didn't at the beginning of October? A coiling spring for the 16th?

news is good. Hopefully this will reflect rays onto sola!

These are crazy prices driven by Yanks who are even more like sheep than we are! I guess there weren't enough takers at $4.77. The mistake this company made here was relying wholly on the American market. .....again. I think they should split the offers with AIM. We seemed to want to pay fair price while they went into panic sell mode. Personally, I thought we had hit bottom at 1.20 and bought in, only to see another 10p taken off! Ah well, in the end its nice but not essential to get the bottom, just a good price. Hopefully the imminent results will prove a worth above present value. I think it will. Soon find out.

Well we were warned I suppose that they were buying through a share offering, but that was a rapid correction!

yes, I have bloomberg open on my browser. So I can see the fall of 11% to 4.74. Well who knows. The fall in prices for solar wafers is hitting home. Maybe too much. Seems to be taking a breather. For good or bad I bought a few at 150.75. Hopefully that turns out to be an ok price.

I tried but on Barclays they just won't go thru'!

and still the same trick!

I did jinx it. However, I can't buy 1000 shares but I can sell 2500 if I wanted to. If the price is falling you would think they would want buyers, but apparently not. Manipulation?