//Not that either of you two need the ego boost//
Nope, Uncle don't guess nothing, you go download TrinaSolarLimited_6K_20140929 pdf file, you have to read exhibit 99.1 that stated their anticipated capacities for 2015.
//I would say based on their plans, they go to GCL to get most of their cells now//
That gotta be a new joke?
GCL makes Poly and Wafer, and its Subsidiary does Solar Farms/Projects. They don't sell you no Cells.
You're confused with CSIQ/GCL cell JV.
//Japan changing solar policy will hurt the Chinese. And that Trina is raising capital to build farms that maybe nobody wants to buy//
He said That? Of course, sooner or later Japan can be a big trap and the high subsidies will be cut after June, 2015. Well, Americana too, in 2016.
Gordon can say anything he wants as long as people are willing to listen. Japan's real risk is this Abe boy has slowly restarted a couple of Nuclear Power stations...
//As for Capacity expansions, I bet they start sourcing from GCL cells as GCL is rapidly expanding into both cells and modules from just Poly to wafer. If they do not, they need roughly $30M per 100MW of vertical capacity. Inventory float for net 90 days is $15M plus another $15M in the pipeline for manufacturing. So for every 100MW expanding, they require $66M. 500MW is $380M. Financed of inventory and AR they have a cash need of $72M. Just for that 500MW. Potentially $150M for 1GW. That other 500MW of needed expansion(outsourced).//
So you don't think they'll do what they said they'll do. Increasing cell from 3gw to 3.5gw, Module from 3.8 GW to 4.9 GW (4.8 to 5GW) is what they said, not my guess. Didn't know that till most recent filing.
It costs SUNE $70m to expand 300mw module capacity.
Danmm, how many more zombie tier-2 manufactures they can Buy cheap, instead of expanding?
There's no need to talk Up or Down the stock prices, TSL will move Up or Down with the market, anyone who wants to buy TSL Cheap by talking it down here needs to have his/her brain checked, nobody controls the price HERE. It's even stupid to lecture what price is Right or Wrong for TSL, anyone who wants to buy TSL under $11, Uncle got it for you Right now, just do as Monkey do.
Go sell to open Dec $12 or $11 puts to Open. Do it and walk away; you're buying at effective price or Under $10 for $11 puts.
This is Priced at about same discount as last time 6/4/2014 ($11/$12.39 vs $11.75/$13.20).
$12.39 and $13.20 are the TSL share prices closed the night before offers were announced.
You do know that TSL is going to expand from 2.7GW cells to 3GW (2014YE) to 3.5GW in 2015, 3.6GW Module to 3.8GW (2014YE) to between 4.8G and 5Gw (2015YE) or don't you? What's the extra Capex do they need? Nobody is trying to compare CSIQ, or JKS with TSL at this time; we'll let you talk about your trading skill on TSL later. People want to know what they don't know about.
//What's our resident Tiawanese uncle have to say about the movement?//
Beats the sheet out of me!
The Communist China is getting more dangerous day after day; Xi will try to build the his Mongolia Empire, Hong Kong is totally useless other than being the stupid "One Country, Two System" model for Taiwan, and now the System is rotten, nobody believes what the Communist promised.
There will be no Tiananmen Square, Students will be expelled from School, workers will be fired fro the companies, that's only One Order away, if nothings works their Water and Electricities will be cutoff. What can the Hong Konger do? Many middle-class are considering moving to Taiwan, it only takes 40 days to get residency there.
//I may just be taking those funds and spreading them across some JKS and JASO.//
JKS has not been doing well since they lost the "capacities" on Toppoint, it IS still Snaky's favorite so yo ask him how they'll ramp up 130% or more? JASO is apparently the most manipulated stalk, Very. Yo want to play it in Ranges or what? I mean if you're constrained by funds?
Uncle still has More funds than Brains, Uncle does not Add or Subtract nothing. Maybe a couple omore vacations to allow me to skip past one Quarter? Ha!
Danmm, it's so boring; got more Data than the companies are willing to make whole.
Yeah, now I know if they can't answer your question via e-mail, they got Problems. Next time tell the companies that you think they WILL issue secondaries because they don't have no money, if they tell you they WILL not then it's fine, if they don't say a thing you e-mail another?
That's if you want to read. Yahoo doesn't like Uncle much, it keeps deleting.
They'll probably generate another $150m this round of offering, it'll be much less than last round which was a little bit more complicated with call options.
In fact, the money they generated from the Proceeds last time, with some Bank debts would've been enough to fund their capex and project development for the year of 2014, based on their guidance of $230-250m capex and 400-500mw of 2014 downstream construction at 70% bank loan (leveraging as JKS called it).
These guys got extra 300mw projects (90%) in Yunnan by overbidding in early September, that's another $120m they don't have, assuming they also leverage ($1.5/w*300mw*0.3*90%). The selling of their 23.7mw UK project this quarter (so far no news), and another 50MW UK project which won't complete till 1Q15 maybe used for 2015 expansion (cross my fingers) from 3GW Cells to 3.5GW, 3.8GW Modules to 4.8GW and 5GW.
ps, The 23.7mw held-for-sales projects in UK has $49.1m of value, the company's self-owned and operated projects are worth more at $170.3m, that's total of $219.4m worth of projects that can be sold for Cash or used as collaterals. There's no Need to Cry for Trina Yet, any Useful Input as how much they really need to expand their capacities is welcomed and can be helpful to Others. People who don't like the company or stock should simply dump it Short it (to make a whole lot of money as they've been claiming, but there's no need to cry here at all).
Uncle was thinking 3-5% max on Up day, 7-9% on down day, so far it ain't too bad, depending on how you look at it. The final pricing of the new shares matters butt that won't come one week from now.
//The part that is real fishy is the lending of 5Million shares to third parties that will sell the shares to hedge short. They area adding 8% to the treadeable float and getting little dollar value for this.//
That's not new when issuing convertibles, all their grandfather convertibles got same treatment, and it DOES not mean they have to Hedge/Short either.
Don't worry, at least this issuing makes sense, you get money one way or the other if you're really doing something... They just have to give people Update what's going with their projects ASAP. Uncle will be surprised if the stalk tanks more than 5% without Gordon shorting, butt wasn't this what he "predicted" in the 1st place. Gordon will start covering...
//10% dilution. Expect 10% down as minimum//
Don't think so; butt lots of people are Upset.
On a Up market probably 3-5%.
It'll be Tuesday, ALL DAY, tomorrow.
Do you plug in regular outlet? You say it's legal to drive on Street, what sort of Street is that? Street in the community or Main Street? They look pretty cute to me.
//LSV=low speed vehicle. Street legal golf cart.//
Confucious says one looks ugly without learning a new thing everyday; Uncle even found a cute little yellow LSV on Internet. Doesn't say if it needs Driving license.
This only explains why there're so many Gordon followers who dare to keep shorting Chinese Solar stalks, none of them have Money to do what they intend to do. TSL wants to keep as much Projects as possible, I'm not talking about UK projects they will sell, and project development, construction need huge capital they don't have. They should've tried as hard as they could to get cheap loans Banks now are willing to offer, butt they prefer using Other People's Money by Printing Shares. Don't know if this also explains why they don't talk about their projects, maybe they're hinting to us that they DON'T have the money to do them?
Uncle has no fun of YGE, butt at least they told us they have to keep selling their projects as soon as they're built or nearly built. Uncle likes Straight Talk, no BS in the interviews...