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Renesola

February 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.

  • Epic Code:
  • SOLA
  • Price:
  • 319p
Renesola began trading its shares in ADS (American DepositoryShares) form on the New York Stock Exchange on 29 January under thesymbol "SOL." A total of 10m ADSs each representing two shares, wereoffered at US$13 per ADS. Of the shares sold, 9.2m were new shares with0.8m sold by directors. The money will be used to purchase additionalwire saws and furnaces and also to prepay for raw material. Hanson Westhouse suggests that (at 462p) Renesola was trading at a 50% discount to its closest US peer, LDK Solar. Keep holding. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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