SOLF Q2 ER was a beat on Sales & EPS ..also guiding higher than consensus for the year....
Sales actual $258.5 million consensus was $212.80 million
EPS actual 69 cents consensus was 25 cents a beat by 44 cents or 176%
Guidance raised to 750 MW from 650 MW
SOLF UP $1.42 in pre-market or 13.85%
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem,
Good pick!!! Are you going to hold SOLF for awhile or you will sell on the news?
Michael
Hi Michael,
Thanks for your feedback
I have already sold SOLF @ open..price was right for selling.....
Added BCSI....
Saleem
Saleem,
What do you think about MED before earnings??
Victor
Hi Victor,
Never followed MED or that sector...
So ...have no idea....
Based on my memory between HLF & MED..results are opposite ???
Saleem
Saleem,
Would you please enlighten me on SOLF's news. It said that, "Hanwhat will acquire 36,455,089 SOLF ordinary shares at 14.51 RMB, a price equal to $2.144 per ordinary share, or $10.72 per ADS, for proceeds of $78 million." Will this action dilute the company's shareholder value?
I know that they acquired all shares from Good Energies II LP and by Yonghua Solar Power and this will not dilute shareholder value. However, the above 36,455,089 SOLF ordinary shares is in question. Thanks.
Michael
Hi Michael,
Based on my understanding of the acquisition news....it is a stake in SOLF to the tune of 49% for $367 million...they are buying "existing shares" from current owners....
Thus..there will be "no dilution of shares" on this transaction.
Saleem
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