Updates

Renesola - FY09 forecast drops PE to 6

April 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Another Chinese company to have seen a significant de-rating in recent weeks, leaving the shares a far cry from the Â£8-9 broker targets being suggested 12 months ago. Previous hiccups on production have led to low investor confidence leaving the shares, on forecasts, trading on a derisory prospective PE.But results for the year to 31 December, the third year of the company's existence, show the company has put those issues behind it. Full year production in FY07 was 125.6MW, up 223% year-on-year and full year revenues were US$249m (up 195%). Pretax profit was US$42.9m (up 70%) and earnings (assuming US$2/Â£1 exchange rate) were 21.4p.During Q4, Renesola added 40 monocrystalline furnaces and 17 multicrystalline furnaces lea ...

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China Shoto

Topps Tiles

Renesola - Poorer visibility for the next six months (January 2009)

Renesola - Barnstorming progress and further upgrades (September 2008)

Renesola - Yanks buy aggressively following plans to raise output to one giga watt (June 2008)

Renesola - Gains 127p on the month (May 2008)

Renesola (February 2008)

Renesola - Shares up 50% on the month (January 2008)

Rensola (October 2007)

Renesola - Forecasts downgraded (September 2007)

Renesola - Increases annual capacity target to 373MW (July 2007)

Renesola - Likely to pull another rabbit out of the hat (May 2007)

Renesola - US$120m bond placing (April 2007)

Renesola - Expands wafer cutting capability (March 2007)

Renesola - Brokers set £8-£9 year end targets (January 2007)

Renesola - Yet another profit upgrade (December 2006)

Renesola - Forecasts upgraded again (November 2006)

Renesola (October 2006)

Renesola - Explosive quarter-on-quarter growth (September 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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