Member Info for Pete987

John8833, I hope that before Christmas, you'll be the happiest person here :-)

Its not going to go bust Andy as the Company is expected to disclose some profit towards the end of the year based on the half year results we received earlier.

More importantly, ACE doesn’t have any Debt burden whilst many AIM companies have very high Gearing levels. What I have seen is that all the AIM companies that have collapsed recently collapsed due to their inability to repay their debts. Since ACE doesn’t have external debt issues, there is no reason to believe that how ACE cannot continue to manufacture and sell solar panels. This share's normal space is within 30p-40p range, so current levels are extra-ordinary and hold significant wealth for the investors. Thanks for reading PIs !

Riddler and his likes are focusing too much on one thing, and that is receivables collection period, whilst completely ignoring the fact that the ACE does its business with the construction industry where receivable collection periods are normally very high. Look at Taylor Wimpy and Barratts, no one is paying their suppliers within 60 days. ACE management has explained the reason for this increase (which makes perfect sense to me) that they are now doing more business with the larger construction firms and lesser with the retail customers, due to recent Chinese market conditions. The receivables are being collected, after a longer period of time though, but the key question here is is this stopping the Company from its normal operations or making payments to its creditors? Answer is NO. ACE can easily pay its creditors through available cash.

This Company is audited annually just like any other Company here.