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odyd12

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  • "odyd12" started this thread

Posts: 2,726

Date of registration: Jan 3rd 2013

Stock Positions: Long: TSL, SOL, CSIQ

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1

Friday, April 12th 2013, 7:16am

Q4 results

not too bad, nice cell and module processing levels, wafer at 0.23 which is at 0.23., ASP of 0.64, guiding 600MW in 2013 and project revenue.
http://finance.yahoo.com/news/china-sune…-104500027.html

explo

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Date of registration: Sep 29th 2012

Stock Positions: SOL, JASO, JKS

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2

Friday, April 12th 2013, 8:11am

Equity gone.

eysteinh

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3

Friday, April 12th 2013, 8:12am

High opex still given the shipment numbers.

Nice drop in cost from q3 and less drop of cost in ASP.

Overall quite ok result given the rest of the industry.

Klothilde

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4

Friday, April 12th 2013, 11:34am

Standard processing cost and no equity. I would say this is worthless. Target price 0 :)

eysteinh

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5

Friday, April 12th 2013, 11:50am

Well just visually looking at the modules they pruduce they have Metal Wrap Trough in design allready. So while the cost is average the ASP and what module they produce is actually quite decent. But then again huge opex numbers compared with shipments.

Uncle Chang

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Date of registration: Sep 29th 2012

Stock Positions: TSL CSIQ HSOL SOL JKS YGE JASO Hanergy (0566.HK) GCL(3800.HK)

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6

Saturday, April 13th 2013, 10:15am

If and only if one can still trust these Chinese CEOs and CFOs, the processing costs and the wafer price ain't bad at all, forget about the working capital deficit and sharebaggers' Equity when bad can be good with local funding secured.
You gotta buy their story of building huge inventory at lower spot (wafer?) prices, this can be Key to "success" story when ASP goes up.
By the way, I think higher ASP has more to do with future raw input prices such as poly, wafer, cell, depending on companies.


Reporting from Taipei, Taiwan.

Klothilde

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7

Saturday, April 13th 2013, 10:32am

...forget about the working capital deficit and sharebaggers' Equity when bad can be good with local funding secured...


That's what STP shareholders thought as well and they ended up like fried chicken.

Uncle Chang

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Posts: 213

Date of registration: Sep 29th 2012

Stock Positions: TSL CSIQ HSOL SOL JKS YGE JASO Hanergy (0566.HK) GCL(3800.HK)

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8

Saturday, April 13th 2013, 10:03pm

Whether it's STP, LDK , CSUN or DQ, it just doesn't matter as long as people don't buy them and start worrying (about them). What we are discussing here are based on what we think/guess, STP defaulted on "foreign" debts/notes, others have different situations even they are as shaky if banks are going to push "the issues" of liquidities.
This is life time experience for everyone over the Chinese government credibilities and commitment to "help" the solar industry. I have betted on SOL, JKS, TSL, YGE and CSIQ equally weighted in dollars, it is not any recommendation for anyone to take same risks with me and I don't care if I lose All either. I will dump them all if they don't improve on their next quarter's reports.

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