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The company looking the most foolish this April 1st may just be Mirabaud Securities, a member of the London Stock Exchange. After stating that SIT “has the potential to rise to at least 150p” and conceding that ”the full growth potential may not be reflected in their estimates”, Mirabaud may not know the difference between their ass..ets and a hole in the ground. SIT’s recent 2007 financials & 2008 projections show an improving company with a bright future producing hardly a change in its stock value. Explain this one Mirabaud; I’ve starting to loose faith in anything you have to say.
Gator gets solid support form TheWall. Nov 14 SIT closed at 93. Next day they announce the largest French roof to date at 6.6 million. Dec 11 a Spanish project was annouinced for 4.3 million. Yesterday Sit announced its biggest contract ever at 70 million. That's 80.9 million in contracts over the past 5 weeks and where is our stock value today..at 99 80 million in annoucements, that's double our sales for 2006 and we're up only 6???? This has gone beyond an investor crying because he thought that he should be making more. This is going to the core of this market, to the integrity of the market maker and the investors expectation of an honest playing field. Something smells bad here. Its like a tree falling in a forest, if no one is there to listen to us, we don't make much of a noise. I'm with you, Gator. Time to get out of this forest.
Investors are banging their heads against TheWall after seeing the market reaction to the latest bit of news (explains why they didn't proof-read their comments before hitting the 'post' button). This Exchange has succeeded in dampening trade activity through the illogical placement of the stock price following each release of good news. Trading at the same level it did 9 months prior, SIT has shown us huge growth since that time. Compare it to others, this stock is ready to fly in 2008.
Good hunting Rocketred2. Thanks for proving me wrong! It seems the recent article you found indicates SIT is the supplier of the solar product used by UPC in the Santa Cruz order. What a relieve....Note to SIT - how about releasing great news like this as it happens so that we are not left to find it on our own (it's still not announced) Note to UPC - Seems like TheWall commented on facts & articles that were incomplete. My apologies...keep the orders coming Investors need current, accurate information; this stock should not be struggling given what was announced recently.
What side of TheWall is UPC working? In April 2007, SIT was announced as the preferred supplier for UPC Solar in the US market, and in May 2007, for Europe, Middle East, Asia & North Africa. Yesterday I read that UPC Solar wins bit with Santa Cruz City School System to provide them with solar crystalline PV systems, not SIT’s BIPV roofing system. Please tell me if I’m wrong. With UPC holding 10,000,000 shares in the form of warrants, I have to question where their loyalties lie…....with SIT who has proven product installed in over 20 schools in San Diego or with UPC Solar, another company owned by Brian Caffyn who happens to also be the non-executive Chairman of Solar Integrated’s Board of Directors.
Nice bit of digging RR2. TheWall finds the same forecasts posted on digitallook.com Look up SIT, Sector: Electricity, Index: FTSE AIM and under SIT Forecasts. It states projected revenues are 38.5 pounds or 77 million dollars for 2007 and 59.92 pounds or 120 million dollars for 2008!!! If the covering analysis is correct (KBC Peel Hunt, Mirabud Securities) this is a 100% increase in revenues for 2007 and a 56% increase for 2008. The market must react and at the current stock price, it does not take much price movement to translate into a healthy percentage gain. The risk is low. Be patient.
Google the web, read & report. I'm finding all kinds of news that directly or indirectly effects SIT. Please let me know what you find. Rocketred2 is right when he says SIT needs more big contracts under their belt to smooth the roller coaster ride that JayMan seems to find himself on. Gator's emotional opinion of the AIM market may have some merit but its their field and we're going to have to play on it. Lets se some sales.
President Bush will conduct his state of the union address and in it he will confirm his government's commitment to alternative energies, including solar. SIT already supplies various US government departments with their product and once Bush makes it a mandate of his administration, you can bet that the largest purchaser in the world, the US government, will greatly increase their pruchases from SIT.
January 5, 2007 bids are due from solar suppliers who are interested in being part of the 100 MEGAWATT project to reduce greenhouse gas emissins by WAL-MART, the worlds largest retail chain. SIT has supplied Wal-Mart it's BIPV roofing system in the past with great success and is positioned to be one of the select few solar suppliers to this giant. Wal-Mart announces its chose end of February 2007.
Tesco, the worlds 4th largest retail chain, has gone to SIT for their California expansion. HUGE NEWS !! With all major companies (& governments)thinking green, the endorsement from a giant like Tesco will drive SIT's sales up through their (BIPV) roof. Tesco USA and Tesco Europe opens enormous sales potential.
It's been published that there is a current world-wide shortage of silicon, the key raw material in many solar products. One major player has already bit the dust and you bet that others will follow. SIT's product is NOT effected by the shortage and as demand increases, the market will be directed towards the certain supply that SIT offers. Sales will skyrocket.
SIT is positioned for a huge turnaround. Randall MacEwen, President & CEO has completed a major housecleaning, both financial & personnel. The lastest addition, Brian Caffyn brings with him enormous marketing potential through his vast network of alternative energy companies. Randy is assembling his DreamTeam. Watch Out !!!
Undervalued...sure looks that way. California firms of similar size & stats in the same industry (but trading on the Naz) are trading at 20 times SIT's current price. Something very strange with the workings of the AIM exchange (and it's market maker) I think SIT is a sleeper and should never be trading at this current level. Read their report. They overcame their finacial concerns, large sales backlog, huge potential sales pipeline...they appear to be well past their lowest point. Please lets hear your comments.