Updates

Renesola - Yet another profit upgrade

December 2006

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.

The shares exploded upwards again after Renesola said that due to strong demand for solar wafers, it had again increased its capacity expansion plans, which were previously forecast to be 180MW annually by year-end 2007, by a further 85MW to 265MW. To supply the ‘old’ 180MW capacity, Renesola already has over three quarters of the 1,000 tonnes of feedstock it needs either in place or scheduled for delivery and has pre-sold 90% of that capacity through a number of long-term contracts. On the basis of the old capacity, broker Ambrian’s forecast has been nudged ahead to eps of 24.6 cents (US$24.6m PBT) for the year to 31 December, ballooning to 67.5 cents (US$68.2m PBT) next year. The latest expansions sees ...

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Computer Software

Caretech - Buys 13 new care homes

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 - FY09 forecast drops PE to 6 (April 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 - 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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