third downgrade, page-4

Hi Relaxan

I share your frustration and actually considered swapping out of SOT into another beaten up stock that I have more faith in, like say MCR.

Anyway, what I hear is that Teoh is looking at this thing very long term - he wants to build the combined group into something many times bigger and more profitable over say 5 years. Clearly he had bad judgement in is call on short-term results from blending the Sol and TPG businesses. We are now paying for that.

However, if we look at this through rose-coloured glasses for a moment, it could be that now the blending is done the forecasts might start to stablise or even turn around. If that happens then low to mid 20c's wouldn't be out of the question imo, so I'm going to stick with SOT for now.

Good luck to you.