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Re: SOO - Solco Limited

ric371 said:
This stock has hit my radar and I think you guys are missing the point by looking to much backwards.
The severe and necessary restructure of this company has occured, they are no longer loosing money, and the new MD is busy solving some of the warranty issues they had.
Solco has some great core products in a fast growing field by the time of the next AGM the balance sheet will be positive and 8cents a share will seem like a gift.
I for one am buying this one and looking foward to some excelent returns.
This may prove wrong but I can see mostly upside.
:)
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Hi, We can hardly be blamed for looking back at past events, considering the dreadful performance of the shares, failings by Directors and problems with one of Solco's products.

Fair enough, Solco now have a lot more cash, thanks to Mr Richardson, but he obtained his large interest at under 3 cents a share and some of this money is not yet paid - due on options in July 2007.

Solco still have a lot to prove, and they, Solco, may well be worth around 3 cents a share and may be good value at that. The price today is 8 cents however - are they worth that much?
 
Re: SOO - Solco Limited

noirua said:
Hi, We can hardly be blamed for looking back at past events, considering the dreadful performance of the shares, failings by Directors and problems with one of Solco's products.

Fair enough, Solco now have a lot more cash, thanks to Mr Richardson, but he obtained his large interest at under 3 cents a share and some of this money is not yet paid - due on options in July 2007.

Solco still have a lot to prove, and they, Solco, may well be worth around 3 cents a share and may be good value at that. The price today is 8 cents however - are they worth that much?
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just read the entire thread and has been an amazing fall from grace, pity the german buyers didnt materialise.
im with you noirua its a far from convincing story and 8 cents would seem expensive without some proven credibility coming from the company.
 
Re: SOO - Solco Limited

noirua said:
Hi, We can hardly be blamed for looking back at past events, considering the dreadful performance of the shares, failings by Directors and problems with one of Solco's products.

Fair enough, Solco now have a lot more cash, thanks to Mr Richardson, but he obtained his large interest at under 3 cents a share and some of this money is not yet paid - due on options in July 2007.

Solco still have a lot to prove, and they, Solco, may well be worth around 3 cents a share and may be good value at that. The price today is 8 cents however - are they worth that much?
Click to expand...

Show me a company that has not had a problem with directors, even the big Australian had a failing, not that Solco compares with BHP, however Solco now has a MD with a large stake in sucess, all be it at 3 cents it still repersents strong motivation from a persn with a good track record, it has a new focus and a lot of good products to build on.

Even the professional experts argue about the correct method of company valuation and no stock sells at that value anyway.
I thought technical analysis was about pre empting the psycology of the crowd, I think the crowd will look at Solco in the months to come and respond in a positive way.

Most of you guys are way ahead of me in interpreting charts so what about looking at what is happening now and commenting on the likley next move of this stock, the way i see it is that the current pattern is typical of a stock coming back from the wilderness and looking for a level which appears to be around 8 cents, assuming that mr Richardson can do the business any positive announcement will kick the stock up a notch
Look at the recient activities of BLT as an example of what might happen and you cant tell me that was worth a jump from 7 cents to 45cents on the basis of that announcement but it happened and will again.

I would like to see some comments from a chartists point of view without the emotional baggage from the past.
So how about it!!!!!!!!!!!!!!!! :
 
Re: SOO - Solco Limited

ric371 said:
I would like to see some comments from a chartists point of view without the emotional baggage from the past.
So how about it!!!!!!!!!!!!!!!! :
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Ric I think unfortunatly that the credibility of a company does rely on past performance (baggage) and without credibility why would you park your money there?
Without money coming into the stock obviously its not going to move.
Speculators and investors need promise has soo got promise?
While im no chartist it would seem soo has yet to break out of its downward trend and i cant see any significant increase in volume.
Jumping on it imo would be very speculative (but at least your not buying at the top!) and perhaps need some further signs that it's breaking that trend.
If it and when it does you would think there would be some good upside coming off such lows.
I assume your holding , good luck!
 

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Re: SOO - Solco Limited

ric371 said:
Show me a company that has not had a problem with directors, even the big Australian had a failing, not that Solco compares with BHP, however Solco now has a MD with a large stake in sucess, all be it at 3 cents it still repersents strong motivation from a persn with a good track record, it has a new focus and a lot of good products to build on.

Even the professional experts argue about the correct method of company valuation and no stock sells at that value anyway.
I thought technical analysis was about pre empting the psycology of the crowd, I think the crowd will look at Solco in the months to come and respond in a positive way.

Most of you guys are way ahead of me in interpreting charts so what about looking at what is happening now and commenting on the likley next move of this stock, the way i see it is that the current pattern is typical of a stock coming back from the wilderness and looking for a level which appears to be around 8 cents, assuming that mr Richardson can do the business any positive announcement will kick the stock up a notch
Look at the recient activities of BLT as an example of what might happen and you cant tell me that was worth a jump from 7 cents to 45cents on the basis of that announcement but it happened and will again.

I would like to see some comments from a chartists point of view without the emotional baggage from the past.
So how about it!!!!!!!!!!!!!!!! :
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Hi, The Solco chart is less than two months old, since the share has been reinstated, and the conclusions I might make about the downward trend of the share price and the possibility of revisiting the 6.2 cent low, are not yet that certain, we must wait and see.

Mr Richardson bought 61,818,181 shares for A$1,530,000, 2.475 cents a share. So far, so good, for Mr Richardson, with the shares trading at 8 cents.

What other shares do, isn't that relevant for this stock. The return to trading in Solco isn't typical of a stock returning; Infact the early trading at 15 cents was quite remarkable, considering the price that Mr Richardsons' interest, Samvara Pty bought in at.
That's where the concern is really, 2.475 cents excellent, but 8 cents...

6 monthly chart: http://www.asx.com.au/asx/research/...me=&principalActivity=&industryGroup=NO#chart
 
Re: SOO - Solco Limited

noirua said:
Hi, The Solco chart is less than two months old, since the share has been reinstated, and the conclusions I might make about the downward trend of the share price and the possibility of revisiting the 6.2 cent low, are not yet that certain, we must wait and see.
...
Click to expand...
Interesting point noirua, can you really start a fresh after a trading halt with chart analysis? Wipe the slate so to speak.
 
Re: SOO - Solco Limited

Talked with SOLCO-Chairman Robin Forbes this morning.
A short summary: the SOLCO business is in a stable condition.
There is no more cash burning.
Robin Forbes: “It's really a bit like starting a new company. You certainly need to look ahead 5 to 10 years and plan accordingly.”
The company is negotiating with two potential new directors. Robin Forbes (70) will – as indicated – step back.

My opinion: the company is probably in a better situation than ever before.
But time will tell the truth.

Warren Buffet: "Patience is a virtue !"
 
Re: SOO - Solco Limited

StockExplorer said:
Talked with SOLCO-Chairman Robin Forbes this morning.
A short summary: the SOLCO business is in a stable condition.
There is no more cash burning.
Robin Forbes: “It's really a bit like starting a new company. You certainly need to look ahead 5 to 10 years and plan accordingly.”
The company is negotiating with two potential new directors. Robin Forbes (70) will – as indicated – step back.

My opinion: the company is probably in a better situation than ever before.
But time will tell the truth.

Warren Buffet: "Patience is a virtue !"
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Hi, Just a bit out of context "patience is a virtue". Warren Buffett was talking in terms of moral soundbites when he wrote:

"Good things come to those who wait. Better a tortoise than a hare. Don't be greedy. Avoid temptation. Patience is a virtue."

Time, of course, will always tell; but that does not guarantee success. The other major point, as mentioned before, is that Mr Richardsons' interests bought in at 2.475 cents and others at far greater prices. He will have a much greater chance of success, financially, than all the other investors in Solco.
 
Re: SOO - Solco Limited

noirua said:
Hi, Just a bit out of context "patience is a virtue". Warren Buffett was talking in terms of moral soundbites when he wrote:

"Good things come to those who wait. Better a tortoise than a hare. Don't be greedy. Avoid temptation. Patience is a virtue."

Time, of course, will always tell; but that does not guarantee success. The other major point, as mentioned before, is that Mr Richardsons' interests bought in at 2.475 cents and others at far greater prices. He will have a much greater chance of success, financially, than all the other investors in Solco.
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The shares you mention at 2.475 cents are only a small portion of the shares owned by Richardson, so I do not think that this comment is relevant and is a little out of context.

Regardles of the cost of shares owned by Richardson the job is being done, the company is no longer burning money and is on track for improved performance in a growing market with strong products. I believe that the market will recognise that very soon and kick accordingly.
So I am holding and building my stake.
 
Re: SOO - Solco Limited

I have had my eye on this one for a while. I started watching when it was at about $0.22, watched it go down to $0.16, then way up to $0.43 and then of course all the way down to $0.06. However I think that they have done alot of late. They have droped a few non performing product lines (from memory, feel free to correct), tried to cut back unnecessary expenses and seem to have a much more sense of direction now. I was almost going to pick it in the last stock comp, might be a decent one to go this time.
I Believe that companys like this will do really well in the future.... but time will tell.
I think smurf is an energy expert, Smurf how do you see this companys long term outlook?

cheers
 
Re: SOO - Solco Limited

SOLCO receipts from customers increased by 27% 2Q to $3,42m (1Q: $2,699m). If this continues, more than 100% gain within a year??
SOLCO generated a positive operating cash flow for the 3 months of $0,37m (1Q: $-1,359m)!
Stock has increased from 2.6m (1Q) to $2,7m (2Q) and positions SOLCO well for the early part of 2007.
All looks very promising.

UN Intergovernmental Panel on Climate Change (IPCC) issued its strongest warning ever that human activities are causing a damaging global warming likely to bring more heatwaves, droughts and rising seas.
To slow down global warming, Governments will be forced to act accordingly.
These activities should cause increasing demands for environmentally harmless, long lasting and high quality products and could boost SOLCO sales. Using SOLCO-products, greenhouse gas emissions could be reduced.

I compare the present situation with another little solar company 3S SWISS SOLAR. This company increased sales by 130% and is now making profit for the first time in it’s history. In October 2006 share price was below 2,90 Euro and is now above 4,10 Euro.

My opinion: similar should happen to SOLCO. We have seen the low and share price should rise from now on.

Disclaimer: I am neither an investment advisor nor do I offer investment advice. You should seek advice from your financial advisor before acting on ANY information you read on this site or sites of a similar nature. It is reminded that your investment decisions are made absolutely at your own risk.
 
Re: SOO - Solco Limited

ric371 said:
The shares you mention at 2.475 cents are only a small portion of the shares owned by Richardson, so I do not think that this comment is relevant and is a little out of context.

Regardles of the cost of shares owned by Richardson the job is being done, the company is no longer burning money and is on track for improved performance in a growing market with strong products. I believe that the market will recognise that very soon and kick accordingly.
So I am holding and building my stake.
Click to expand...

Hi rick371, I'm unsure as to whether there was a translation problem when you say " The shares you mention at 2.475 cents are only a small portion of the shares owned by Richardson...".

The shares bought by Mr Richardson at 2.475 cents represent 43.75% of the currently issued shares of Solco Ltd. They are not a small part of Mr Richardsons' interest; They are infact a very large part of that interest.
 
Re: SOO - Solco Limited

StockExplorer said:
SOLCO receipts from customers increased by 27% 2Q to $3,42m (1Q: $2,699m). If this continues, more than 100% gain within a year??
SOLCO generated a positive operating cash flow for the 3 months of $0,37m (1Q: $-1,359m)!
Stock has increased from 2.6m (1Q) to $2,7m (2Q) and positions SOLCO well for the early part of 2007.
All looks very promising.

UN Intergovernmental Panel on Climate Change (IPCC) issued its strongest warning ever that human activities are causing a damaging global warming likely to bring more heatwaves, droughts and rising seas.
To slow down global warming, Governments will be forced to act accordingly.
These activities should cause increasing demands for environmentally harmless, long lasting and high quality products and could boost SOLCO sales. Using SOLCO-products, greenhouse gas emissions could be reduced.

I compare the present situation with another little solar company 3S SWISS SOLAR. This company increased sales by 130% and is now making profit for the first time in it’s history. In October 2006 share price was below 2,90 Euro and is now above 4,10 Euro.

My opinion: similar should happen to SOLCO. We have seen the low and share price should rise from now on.

Disclaimer: I am neither an investment advisor nor do I offer investment advice. You should seek advice from your financial advisor before acting on ANY information you read on this site or sites of a similar nature. It is reminded that your investment decisions are made absolutely at your own risk.
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Hi Stockexplorer, Unfortunately, an increasing part of polution is produced by Developing and Emerging Nations. The only small plus is, that as temperatures rise, less polution is produced by heating of homes in winter.

UK Supermarkets are now reducing packaging and will now sell more fruit and vegetables with no packaging.

Another thought, perhaps most of the Airports in the world should be closed as that is the worlds most dangerous polluter at the moment. I work at home, do not travel by Aircraft and my car is a gas conversion. How about you?

Solco shares have been falling and at 7.2 cents are at a disastrous low point. No sign of any recovery at the moment.
 
Re: SOO - Solco Limited

Hi Noirua, to be honest, I’m using a relatively big car (10 - 12 ltrs/100km), but drive less than 6.000 km per year.
I agree, air traffic is a huge polluter at the moment and it is not acceptable to fly across Europe for less than 30,- Euro (if you get one of those rare tickets) and furthermore, why is no tax on Kerosene ?

For more than 10 years I’m using a hot water solar system, which works very well. Even in Germany HWS can be used in 8 from 12 months.
The sun sends no bill !
I hope, the new SOLCO polymer hot water solar "split system" will be soon on the market.
Don’t forget, SOLCO has an extended distribution network and is therefore closed to the customer.

In spite of all the trouble in the past, I am now confident about the future of SOLCO.
 
Re: SOO - Solco Limited

noirua said:
Hi Stockexplorer, Unfortunately, an increasing part of polution is produced by Developing and Emerging Nations. The only small plus is, that as temperatures rise, less polution is produced by heating of homes in winter.

UK Supermarkets are now reducing packaging and will now sell more fruit and vegetables with no packaging.

Another thought, perhaps most of the Airports in the world should be closed as that is the worlds most dangerous polluter at the moment. I work at home, do not travel by Aircraft and my car is a gas conversion. How about you?

Solco shares have been falling and at 7.2 cents are at a disastrous low point. No sign of any recovery at the moment.
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They appear to me to have been on an incline for the last 2 weeks and may well break 8c again , the news from mangment is positive

closed at 7.7 today and buyers outnumber sellers

Have they turned the corner or am I an incurable optomist??
 
Re: SOO - Solco Limited

ric371 said:
They appear to me to have been on an incline for the last 2 weeks and may well break 8c again , the news from mangment is positive

closed at 7.7 today and buyers outnumber sellers

Have they turned the corner or am I an incurable optomist??
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Hi, There were only 6 trades on the ASX on Friday, all in the first 90 minutes, for 176,891 shares. All the trades went through at 7.7 cents and bid/offer remained at 7.7c/7.8c all day. The last three trades looked like one buyer.

Australia operates a true bid/offer system, only one price, with no market makers. So it's difficult to see buyers and sellers in the same light as Germany.

Solco are probably pointing in the right direction now. It's all about making profits and not losses. By this time next year you will be a lot happier about the company, however, the share price is an entirely different matter.
 
Re: SOO - Solco Limited

noirua said:
Hi, There were only 6 trades on the ASX on Friday, all in the first 90 minutes, for 176,891 shares. All the trades went through at 7.7 cents and bid/offer remained at 7.7c/7.8c all day. The last three trades looked like one buyer.

Australia operates a true bid/offer system, only one price, with no market makers. So it's difficult to see buyers and sellers in the same light as Germany.

Solco are probably pointing in the right direction now. It's all about making profits and not losses. By this time next year you will be a lot happier about the company, however, the share price is an entirely different matter.
Click to expand...
And to 9c this morning on a similar volume to Friday
Now 10cents on 2 trades of nearly 100,000
Someone knows something we dont??
 
Re: SOO - Solco Limited

I think it is worth noting how well Solco weathered the correction.
with the number of "expert" posts in this thread back a month or two ago that claimed that they were overvalued at anything over 2 cents
 
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