Updates

Jetion - Seriously undervalued by US standards

May 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.

Jetion is on a spectacular roll. Its maiden results for the year to 31 December showed sales up 135% to US$107m reflecting a more than doubling of production from 14MW to 35.2MW. Pretax profit was up 125% to US$11.2m and eps were 7.3p on a nil tax charge. But the sequence of forecast earnings is 11.6p for the current year with 21p next year, which drops the PE to under 5. As it was, Jetion has been expanding its capacity very quickly. In May last year, the group added a second 25MW production line, taking total capacity to 50MW. This phasing in of capacity meant that in H1, capacity was 13.7MW and lifted to 21.5MW in H2. Since then it has been running close to maximum capacity and Jetion expects to add a further two lines of 50MW ...

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H&T - High gold price boosts profits

Renesola - Gains 127p on the month

Jetion (May 2009)

Jetion (March 2009)

Jetion (February 2009)

Jetion - Broker sets 200p target (October 2008)

Jetion - Prospective PE of 4.7 (August 2008)

Jetion - Shares rise 22% on the month (February 2008)

Jetion (January 2008)

Jetion (October 2007)

Jetion - Highly ambitious solar cell manufacturer (August 2007)

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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