Updates

Renesola - Expands wafer cutting capability

March 2007

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.

Renesola has issued a pre-close statement for the year to December. This said that sales for 2006 were US$86m with profit expected to be in the range US$22m-23m, slightly below the forecast of US$24.6m from broker Ambrian. Annualised production capacity increased from 14MW to 80MW in 2006 and in addition, 14 wire saws, which slice the ingot production from the furnaces into wafers, were installed in Q4 which should boost gross margins going forward. Some teething problems with the saws during the period resulted in temporarily higher breakages which, although not wasted, required some reprocessing of wafers which increased costs. Going forward, production capacity is set to expand rapidly. Construction of a new facility ...

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Carter & Carter - Exploring college outsourcing deals

Character

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 - 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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