REMINDER: Our user survey closes on Friday, please submit your responses here.
SIT has good news coming out when markets are slumping. Analysts claiming doom and gloom, yet Warren Buffet and the likes were building cash reserves specifically for this type of correction. Trading volumes are typically lower at this time of year, so the markets are prone to big swings...fear brings a frenzy of sellers into play. SIT is geared towards commercial and institutional business, not residential, so they are not affected by a U.S. Consumer housing slump. Commercial is expanding globally, and with companies going "Green", and Governments handing out rebates, this bodes well. Again, with Governments providing assistance, institutions are going green as well. UPC Solar recently received investor financing to the tune of 100,000,000. That is like saying SIT received the financing, as any job UPC gets will be done by SIT. More contracts will be soon forthcoming, and as I have indicated, look to the end of September when they come out with a mid term statement...look to the high end of their 60-80 million projection. Still looking for a break even year, which will be great. 2008 will be a big year for the company. Your criticisms are welcome. Cheers
Hey Gator, Yes I am into this company, and share your frustrations, but I know the Company is solid, and I just have to look past the present, and think of where they will be. The post was meant more as a calming piece of advice rather than to be informative...but hey, check out my post afterwards...nice piece of news don't you think! Cheers
Sorry I let you all down, as I should have caught this days ago. Now ask yourselves...are we really in trouble? I think not. Cheers July 31, 2007 Chicago, IL, USA: UPC Solar Announces $100M Commitment for Solar Projects UPC Solar, a leading solar power development company, today announced the closing of a $100 million equity commitment from a large institutional investor, to finance solar energy projects developed by UPC Solar Management, LLC. “This commitment enables UPC Solar to continue to develop and fund an increasing number of substantial solar power projects,” commented Morten Sissener, CEO, UPC Solar. “The financial support also speaks loudly about the financial community’s endorsement of solar power as an important component of the country’s escalating interest in green energy.” UPC Solar designs, builds, finances, owns and operates solar power systems and sells solar electricity to commercial, educational, utility and government entities under long-term power purchase agreements (“PPA”). UPC works with select suppliers, partners and capital providers to develop competitive solar projects including both distributed roof-top applications as well as large ground mount solar farms. UPC Solar’s PPA enables companies to buy solar electricity at competitive prices with little or no capital expense, improve the environment and become a green corporate citizen. In addition, UPC Solar’s P
Check this link out, and chill out! www.rbc.com/newsroom/20070509solar.html Go away for a year, and when you come back, Im sure you will be singing a different tune. Cheers
Everyone having fun yet! Looking for a support level, and seeing more buy than sells now...hopefully we've found it! Looking for more contract news this month, and anticipating good half year numbers when they report near end of September. Cheers
Whole article would not fit...here is the remainder of the article (continued from the beginning of the last paragraph). Cheers Analysts said that a recent $10m contract win in Italy is a welcome indication that the company is beginning to diversify its business beyond America. Solar Integrated generated about 19pc of its sales in Europe last year, a figure the company is predicting will rise to between 25pc and 30pc this year year. With climate change racing up the political agenda, the company expects demand for its energy-efficient roofing to increase. Shares in Solar Integrated ended the day unchanged at 132.5p. They've dropped 30pc since the company floated in May 2004.
Link = www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/08/bcnsolar08.xm Cheers Solar hoping for an upturn this year By Emma Thelwell Last Updated: 1:21am BST 10/05/2007 Energy-efficient roofing specialist Solar IntegratedTech is betting that efforts by Tesco and CocaCola to improve their 'green' credentials will help lift the company out of the financial doldrums. advertisementThe Aim-listed group, which produces energy-efficient roofing, known as building integrated photovoltaic (BIPV) roofing systems, slumped to a loss of $22.6m last year as it failed to win customers as quickly as expected and its production costs jumped. Last year's loss for the company, which is headquartered in Los Angeles and whose clients include the US Navy and Air Force, widened from $17.3m in 2005. The financial difficulties prompted Solar Integrated to slash 10pc of its employees, a move the company predicts will save more than $2.5m a year. R. Randall MacEwen, president and chief executive of the company, said: "With a cash liquidity crisis, 2006 was a difficult period for Solar Integrated. While our financial results reflect this, we have made important and measured steps to improve the company's business fundamentals." Analysts said that a recent $10m contract win in Italy is a welcome indication that the company is beginning to diversify its business beyond America. Solar Integrated generated about 19pc of its sales in Europe last year, a figure
From the Company Web Site: 2006 Financial Highlights Revenue for 2006 of $38.2 million, up 14.0% from 2005 On a non-GAAP basis, after adjusting for unabsorbed production and other costs: 2006 gross margin of 10.6% 2006 H2 gross margin of 12.7%, compared to 7.5% for 2006 H1 2006 H2 gross margin of 19.3%, excluding U.S. Financed Solar projects Net loss of $22.6 million (2005: $17.3 million) SG&A costs of $18.3 million, including non-recurring SG&A costs of $2.5 million and non-cash costs of $1.6 million Implemented cost reduction program expected to yield annualized overhead cost savings in excess of $2.5 million Closed placement of 33,333,333 common shares for aggregate gross proceeds of $19.5 million in December 2006 Amended senior credit facility to provide for increased borrowing base 2006 Operational Highlights 49 solar projects completed, representing 4.2 MW of installed solar systems Celebrated landmark achievement of over 10 MW of installed solar systems since the Company’s inception, with over 110 reference sites and an impressive list of customers Signed a new multi-year supply and cooperation agreement with United Solar Ovonic Reduced inventory position to better align with sales and production requirements 2006 Organizational Highlights New board composition, including appointment of Brian E. Caffyn as non-executive Chairman and David R.W. Potter continuing as non-executive director Bruce M. Khouri, founder, c
Agreed. I am a high on this Company (all here are well aware). One thing that I would like to see clarified is the margin numbers. They have repeatedly indicated as follows "The Company also expects to achieve 2007 full year consolidated gross margins in excess of 15%, a significant improvement over 2006". But as I have previously indicated, a break even or small loss this year is good. Cheers
Stay tuned, as it would seem from the recent posts, there is some interest in the company. This Friday is the AGM, and some light should be shed on the current situation, and what lies ahead. Cheers
First half numbers should be out end of September. Measures are in place to help the bottom line. I agree, that this year is a year to indicate that the company is stable, and to break even would be great, but as you state, a small loss is good news.
This company is the 2nd largest retailer in the world in revenues and sales behind Walmart, and ahead of Tesco! French supermarket giant Carrefour to install solar panels 24 July, 2007 By Phil Clark Photovoltaic roofing system planned for new distribution centre in Nimes French supermarket chain Carrefour is to install a photovoltaic roofing system at a new distribution centre it is building in Nimes. The system is manufactured by Solar Integrated Technology Systems, a Los Angeles-based firm which is listed on the UK Stock Exchange. The firm specialises in building integrated photovoltaic roofing systems for non-residential, low-slope rooftops. The project is being managed by Urbasolar, a turn-key PV engineering company based in Montpellier. Solar Integrated president and chief executive Randall MacEwen said: “With our unique product and a strong local partner we continue to view France as an attractive market, and Carrefour as an attractive target customer for repeat business.” Cheers
As I have mentioned in the past; this Exchange dictates the direction and pace of the stock. This company will outgrow this exchange...the Company is coming off a terrible year financially. I fully expect this year's bottom line to be reasonably modest coming off a bad year, and next year should be much better. Once this Company is financially sound, and more prevalent in the industry (especially in the U.S.), look for a listing on a U.S. Exchange. In the meantime, get your cheap shares while you can. Cheers
Here is some info, but at this stage, these numbers are not the fuel nor are they the detractor for this company. The numbers will mean more in later stages. Getting more deals with better margins, and cutting costs will prove beneficial as it comes time to report. Cheers Shares in Issue 70,662,951 (Ord US0.0001) EPS -61.00 Floated May 04 Market Capitalisation (£m) 78.789 Enterprise Value (£m) 135.658 Last RNS Announcement 19-07-2007 Listing AIM Last Annual Results 08-05-2007 Last Interim Results 29-09-2006 Net Assets (m) 3.546 Op Cash Flow (m) - Debt Ratio 92.726 Debt-to-Equity 0.761 Assets/Equity 17.743 Cash/Equity 70.530
Ah, but there has been movement Gator! All the shaky leaves have fallen, and support has been established. Cheers!
Hey Gator, This Exchange rules the day...when it has enough shares, it will turn the tables. Still, the chart is good from 1 year, and 6 months back. Cheers
Hey Gator Good news indeed! If they did not list the company, it is probably at the retailer's request. We are now somewhere close to the 40 million mark in sales for the year...as I have indicated in previous posts...look for the high end of their projections (60 to 80) to be hit. There are forces keeping the stock low for a reason...when the time is right, the trend will be right. Cheers
Hey Gator Increasing the maximum for options of shares tells possibly indicates strength within the company. Some interesting transactions the last few days. Cheers
Coke via UPC Solar on Friday, and now this! SOLAR INTEGRATED WINS US$3.3 MILLION ORDER FROM DACHLAND FOR TOYOTA GERMANY PROJECT When investors are buying 5 million shares from the owner @ 1.30, and anylysts rate the company a buy @ 1.37...the daily volume over the last month suggests fear selling. Welcome back. Cheers
Wow! There is life. Thanks for responding Gator; I was about to give up on this board. Don't sell. The UPC factor will be evident. My only concern is this exchange, but the Company is good. Cheers