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Re: SOO - a winner of new government policy

StockExplorer said:
SOLCO could be one of the winners of Labor’s Solar Australia !

Read this :
http://www.alp.org.au/download/now/solar_schools_and_homes_policy.pdf
Click to expand...


Hi StockExplorer et al, I hope Mr Rudd & Co give Solar Systems a lot of financial help and that means substantially subsidizing the whole industry.
However, it is more a case of a rush to sell coal and iron ore from new mines and expand ports over the next 7 years.
Much of the revenue, 20 cents a tonne on coal, goes to develop UCC mines etc.,
Not much likelyhood of a big about turn here and that's taking a 25 year view on it.

This industry is one to go for, exactly when, I'm not quite sure - Good Luck
 
Re: SOO - Solco Limited

It's been, all quiet on the western front as far as Solco has been concerned since the November 2007 A.G.M.
The shares have slumped to just 7 cents and no news at all.
That purchase of 45% of SOO, by David Richardson, at just 2.7 cents a share, still galls and the market in the stock is very quiet.
Has the new CEO and restructured Board done anything since hailing themselves as the new coming last year?
 
Re: SOO - Solco Limited

noirua said:
It's been, all quiet on the western front as far as Solco has been concerned since the November 2007 A.G.M.
The shares have slumped to just 7 cents and no news at all.
That purchase of 45% of SOO, by David Richardson, at just 2.7 cents a share, still galls and the market in the stock is very quiet.
Has the new CEO and restructured Board done anything since hailing themselves as the new coming last year?
Click to expand...

Hi
One of my pet gripes - why on earth do we here in sunny Australia not throw everything into the solar basket???
What with the new technology of sliver cells around and all sorts of innovations in the field, you still only get the large solar panels, which are expensive (even though there is a good Government grant) ugly and according to a number of electricians I spoke to, don't last.
I held SOO at one stage but was disgusted with nothing happening on that front. Then went to a solar store here in Perth, they seemed to be busy but it was a very small outfit - when I asked about sliver cells they told me to ring ORIGIN, which I did, but knew nothing about it.

You can't even get a decent array of solar garden lights for a reasonable price. Or is the public so apathetic, they don't know or ask for new technology? At least our domestic electricity supply should be supplemented by solar. Any suggestions?

Cheers

Taurisk
 
Re: SOO - Solco Limited

Hi Taurisk, Australia may be waiting until all the coal and oil has gone before they take solar energy seriously. It's taken more seriously in Germany and the U.K. and the sun is a rarer component out there.

I believe they are building some large wind farms near Whyalla, SA. It seems the mining companies are leading the financing charge on wind farms.
 
Re: SOO - Solco Limited

All the German investors in Solco seem to have disappeared. Even though they are undoubtably the experts on this stock.
Back to 7 cents, the price of last years rights issue, the company seems to have become bogged down.
Has that 2.7 cent purchase to bail out SOO come back to drag this stock down and haunt it?
 
Re: SOO - Solco Limited

Solco have declined further and have closed at just 5 cents with the companies supporters abandoning this thread after previous confident views. Negative cashflow of $2.484 million in the last 9 months does not seem good whilst the company is confident about trading ahead.
2.7 cents was Mr Richardson's buy price for the stock, and the trading price moves down closer.
 
Re: SOO - Solco Limited

noirua said:
Solco have declined further and have closed at just 5 cents with the companies supporters abandoning this thread after previous confident views. Negative cashflow of $2.484 million in the last 9 months does not seem good whilst the company is confident about trading ahead.
2.7 cents was Mr Richardson's buy price for the stock, and the trading price moves down closer.
Click to expand...

This plunge in SP is hardly surprising, given the Fed Government has effectively slashed community interest in Solar Voltaic installations (and put the viability of suppliers into question) by significantly reducing the rebate threshold to households with total income under $100,000 in the recent Budget.

Unless those bumbling Federal Idiots change their policy quick-smart, then one would expect ALL solar voltaic suppliers are probably going to suffer significant downturns in business for an unknown period of time.
 
Re: SOO - Solco Limited

from the German Wallstreet-Online Solco forum (by Halotri25)

quote
Many thanks for your enquiry.

I am happy to report that the turnaround of your company is progressing well with sales continuing to grow. The March 08 quarter saw sales of $3.749M which is a 55% increase on the corresponding period last year ($2.422M).

I haven't issued a forecast to the market for the June 08 quarter but nothing has changed from my past statements.

On potential mergers and acquisitions, we have been actively pursuing opportunities but have found some unreal expectations in terms of price from other companies in this industry. It is our feeling that this will change and a period of consolidation is likely to occur. For us to acquire or merge with another company, we need to have our business operating correctly so that integration risks are minimised. This has been part of our focus and I'm pleased to say a lot of progress has been made.

I intend to report the preliminary results of the past financial year (July 07 to June 08) to the market in the next couple of weeks. At that time, I will also outline our ongoing strategic directions.

I thank you for your patience as we complete the turnaround of this company. Like you, I believe the time for the Solar industry in Australia is here.

Kind regards,

Alex Lamond
CEO | Solco Ltd
unquote

source
http://www.wallstreet-online.de/diskussion/973612-5981-5990/solar-energy-solco-ltd-aus-australien
 
SOO - Solco Limited : Continued Profit Growth ...

SOLCO LIMITED (ASX : SOO)
ABN 27 084 656 691

Re: Continued Profit Growth to 31 December 2008

Solco announces the following un-audited financial key performance indicator outcomes for its
operations for the 6 months to 31 December 2008 with comparator performance for the 2 prior
periods:
Relevant Key Performance Indicator 6 month period
01/07/08 to 31/12/08 (Note 1) 01/01/08 to 30/06/08 (Note 2) 01/07/07 to 31/12/07 (Note 3)
Revenue 11,433,020 9,543,637 6,965,755
EBITDA 501,173 392,529 (210,111)
EBIT 477,840 359,735 (240,330)
NP 477,840 359,735 (240,330)
Note 1: Un-audited, Note 2: Audited, Note 3: Reviewed

Despite the global economic downturn, demand for photovoltaic (PV) energy products remains strong,
underpinned by indicated continuing government support for clean energy solutions to assist in
reducing greenhouse gas emissions.
Over the last 6 month period Solco has continued to focus on its core wholesale distribution operations
(Choice Electric) as well as to continue to rationalise non core business lines.
Further, to lend additional strength over forthcoming months to assuring timely execution of the
Company’s strategies, Mr David Richardson has accepted the role of “Director with responsibility for
operational and management development”.
“These are testing economic times for many companies, and despite Solco’s continuing demonstrated
growth and profitability, David’s depth of relevant experience, and more active engagement with the
executive team, will assure Solco is well positioned to continue to drive shareholder value” said Steven
Cole, Solco’s Chairman.
Mark Norman, Solco’s CEO, said “Having worked closely with David in the past, I look forward to both
his leadership and his support as we together tackle the opportunities and issues presenting to the
Solco group.”
____________________
Darren Crawte
Company Secretary
29 January 2009

http://www.solco.com.au/pdf/solco_asx_29_01_2009.pdf
 
Re: SOO - Solco Limited

ASX ANNOUNCEMENT 29.04.2009

SOLCO LIMITED (ASX : SOO)
ABN 27 084 656 691

Re: Solar Photovoltaic sales continue to drive growth

Strong Photovoltaic (PV) System demand resulted in sales to customers of $7.89 million during the 3rd
quarter driving total sales for the fiscal year to date of $19.33 million, a 73% uplift on the comparable
period last fiscal year.
Solco’s continued focus on its core wholesale distribution operations (Choice Electric) as well as
continuing to rationalise non-core business lines has been instrumental in profitable growth and
positive net operating cash flows of $1.04 million for the quarter.
Inventory levels of $4.82 million and cash at bank of $3.47 million allow Solco to continue to provide
and purchase in-demand products to service the needs of our customers within the growth driven
market sector of renewable energy.
Trading conditions, EBIT margin levels and product appeal to Australian consumers were assisted by:
• continuing discounting of international pricing in foreign currency terms for silicon based PV
panels due to reduced European demand;
• modest improvement of AUD$ against other currencies over the quarter, although Solco
operates on a fully hedged basis for major international purchases;
• and government sponsored renewable energy rebate initiatives.
The attractiveness of domestic and commercial solar power installations across Australia will continue
to be enhanced if PV panel prices continue to fall and black energy costs rise further. This situation
may lead to increased competition in the Australian green energy market from new domestic and
overseas entrants, especially in light of current difficulties in other sectors and markets. We believe
Solco is well positioned within the Australian market to take advantage of this expected growth and
combat competitive challenges.
With fallout from the world economic crisis continuing and cohesive long-term government energy
polices across all states yet to be delivered, performance growth can not be assured. However,
Solco’s forward order book and continued projected customer demand continues to be strong.
______________________
Darren Crawte
Company Secretary
29 April 2009

http://www.asx.com.au/asxpdf/20090429/pdf/31h9d0njnxybc0.pdf
 
Astronergy and Solco Start Marketing Thin Film Modules

July 28, 2009

Canberra, Australia: Astronergy and Solco Start Marketing Thin Film Modules

Astronergy, a Chint company, and Solco Ltd are combining to bring Astronergy’s range of high quality panels to Australia. This includes Astronergy’s second-generation amorphous / microcrystalline silicon tandem thin film PV (a-Si/ µc-Si) modules.

Astronergy has invested US$150 million into solar panel production, both crystalline silicon and thin film. The first 30 MW production of the tandem thin film solar modules will reach full capacity in Q4 this year, while crystalline silicon panels have been in production since 2006. Astronergy’s thin film conversion efficiency has reached 9% currently, and the goal is to achieve 10% conversion efficiency in the near future.

“Whether in terms of technology or in terms of scale, Astronergy is leading the market for high-end thin-film PV modules,” said Dr. Liyou Yang, who is the President and CEO of Astronergy.

Yang spent 20 years in thin-film R&D, including an earlier role at BP Solar. He holds 18 patents in the field.

Launching this collaboration at the Australian industry’s annual ATRAA conference in Canberra, Mark Norman Solco’s CEO and Managing Director said “The collaboration between Astronergy and Solco Ltd’s subsidiary Solco Choice Electric will bring a quality and competitively-priced range of modules onto the Australia market. I am personally convinced that the Astronergy manufacturing process for the traditional crystalline modules is one of the best that I have seen anywhere in the world, and the new thin film product opens up many opportunities for large scale deployment across commercial and industrial rooves and facades.”

Source:
http://www.solarbuzz.com/news/NewsASMA245.htm
 
SOO - new SOLCO / Choice Electric Web Site

a new SOLCO / Choice Electric Web Site is available !
Have a look :

Choice Electric Co.

Welcome

Choice Electric Co. is a dynamic solar power wholesale company with over 20 years experience in solar energy equipment. Warehousing facilities on both the East and West coast of Australia support a distribution network that spans the country and extends into the Asia-Pacific region. We are proud of our products and our ongoing commitment to reliability and one-call technical assistance.

We have strong relationships with our many suppliers, as well as with local and state governments, and their representative organisations. This allows us to offer the comprehensive sales knowledge and technical support to back-up the long-term management of systems and installations.

Recently, we have been heavily involved in providing solar systems for schools across the country. To date we have installed over 75 of these systems throughout Western Australia and Queensland, including the remote Torres Strait Islands, and there are more in the pipeline for the future.

http://www.choiceelectric.com.au/index.php
 
SOO - Solco - Record Profit and Maiden Dividend

Solco Ltd (ASX: SOO)
ABN 27 084 656 691

Record Profit and Maiden Dividend
Solco continues its corporate and business turnaround to post a record profit of $1.79 million for the fiscal
year 2008/2009 and deliver a maiden unfranked dividend of 0.25 cents per share. The dividend is expected
to be paid on 30 September 2009 for registered shareholders as of 2nd September 2009

http://www.asx.com.au/asxpdf/20090825/pdf/31k8xhrl96ffjm.pdf

----

Appendix 4E and Annual Financial Report

Revenues from ordinary activities up 68% to $27,779,135
Profit/ (loss) from ordinary activities after tax attributable to members
up 1400% to $1,791,012
Net profit (loss) for the period attributable to members
up 1400% to $1,791,012

The complete report :
http://www.asx.com.au/asxpdf/20090825/pdf/31k8xc69mxvv20.pdf
 
Re: SOO - Solco - Record Profit and Maiden Dividend

StockExplorer said:
Solco Ltd (ASX: SOO)
ABN 27 084 656 691

Record Profit and Maiden Dividend
Solco continues its corporate and business turnaround to post a record profit of $1.79 million for the fiscal
year 2008/2009 and deliver a maiden unfranked dividend of 0.25 cents per share. The dividend is expected
to be paid on 30 September 2009 for registered shareholders as of 2nd September 2009

http://www.asx.com.au/asxpdf/20090825/pdf/31k8xhrl96ffjm.pdf

----

Appendix 4E and Annual Financial Report

Revenues from ordinary activities up 68% to $27,779,135
Profit/ (loss) from ordinary activities after tax attributable to members
up 1400% to $1,791,012
Net profit (loss) for the period attributable to members
up 1400% to $1,791,012

The complete report :
http://www.asx.com.au/asxpdf/20090825/pdf/31k8xc69mxvv20.pdf
Click to expand...

Hey not bad

Solco Ltd (SOO, formerly Solar Energy Systems Limited) engaged in the wholesale and distribution of solar power and pumping solutions through a combination of imported and locally-sourced products. The company also develops and manages several infrastructure projects in Australia and overseas.

2186.jpg


Thanks

MS
 
SOO - Solco Limited

from "Trading Markets" :

Hunt for bargains

Sep 15, 2009 (The Australian - ABIX via COMTEX) -- AUSTF | Quote | Chart | News | PowerRating --
Australian investors in the stock market are advised to not rely on measurements such as price-to-earnings ratio as an indicator of true value. This is especially true during the global financial crisis and the recent recovery of share prices.
Among the recommendations of experts are Qmastor, NetComm, Solco, Austin Engineering, and Thorn Group.

Publication Date: 16 September 2009

STANDARD AND POOR'S ASX 200 INDEX
STANDARD AND POOR'S ASX 300 INDEX
CITIGROUP PTY LTD
PAPERLINX LIMITED - ASX PPX
ELDERS LIMITED - ASX ELD
FAIRFAX MEDIA LIMITED - ASX FXJ
AUSTEREO GROUP LIMITED - ASX AEO
PACIFIC BRANDS LIMITED - ASX PBG
SUNCORP-METWAY LIMITED - ASX SUN
ONESTEEL LIMITED - ASX OST
BLUESCOPE STEEL LIMITED - ASX BSL
QANTAS AIRWAYS LIMITED - ASX QAN
TOWER LIMITED - ASX TWR
CHALLENGER FINANCIAL SERVICES GROUP LIMITED - ASX CGF
TABCORP HOLDINGS LIMITED - ASX TAH
TATTS GROUP LIMITED - ASX TTS
TELSTRA CORPORATION LIMITED - ASX TLS
TELECOM CORPORATION OF NEW ZEALAND LIMITED - ASX TEL
PREMIER INVESTMENTS LIMITED - ASX PMV
GOODMAN FIELDER LIMITED - ASX GFF
WESTFIELD GROUP - ASX WDC
QMASTOR LIMITED - ASX QML
NETCOMM LIMITED - ASX NTC
SOLCO LIMITED - ASX SOO
AUSTIN ENGINEERING LIMITED - ASX ANG
THORN GROUP LIMITED - ASX TGA
WISE OWL AUSTRALIA PTY LTD
SILVER LAKE RESOURCES LIMITED - ASX SLR
ANDEAN RESOURCES LIMITED - ASX AND
HIGHLANDS PACIFIC LIMITED - ASX HIG
TFS CORPORATION LIMITED - ASX TFC
CASH CONVERTERS INTERNATIONAL - ASX CCV

http://www.tradingmarkets.com/.site/news/Stock News/2529167/
 
Re: SOO - Solco Limited

Whats with the jump in price. Just noticed it hit a high of .13 today. People finally taking a shine to this stock?
 
Re: SOO - Solco Limited

Very nice breakout in the last 2 days on relatively high volume (although still a very thinly traded stock). Now sitting on 2 year high. Hopefully it can consolidate at this level over the next few weeks.

Tiny market cap at $30m with 200m shares outstanding. Net profit $1.8m so an honest PE of 16.7. But the growth potential is there in the quarterly sales figures.

Jun 07 - $2.7m
Sep 07 - $2.9m
Dec 07 - $4.1m
Mar 08 - $3.8m
Jun 08 - $5.5m
Sep 08 - $4.5m
Dec 08 - $7.4m
Mar 09 - $7.9m
Jun 09 - $9.4m

That's 16% compound growth per quarter, through winter and the GFC (Sep 08 was a down quarter) no less! The momentum is amazing. The next quarterly report due out by end of the month. A confirmation of the trend may provide the next leg up.

If FY10 sales reach $35-40m, and using the current net profit margin of 6.4%, NPAT = $2.2 to $2.6m, which puts the forward PE at 13.6 to 11.7. Alternately, a PE of 16 next year will imply a share price target of ~19c, or ~16.5c in today's dollar (discounting at 15%). So current share price is not that big a bargin.

However, further upside will come from greater sales - $50m is not too big a stretch from recent trend - and margin expansion (to ~7%) due to higher $A, cheaper China sourcing and better spread on fixed overheads. These will push NPAT up to ~$3.5m and a high side share price target of 24c.

Supporting the increaed sales is the new feed in tariff arrangements in Vic (starting next month) and NSW (Jan 2010). The words will spread and should boost sales in these two states.
 

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Re: SOO - Solco Limited

The annual report is released tomorrow, will be interesting to see how it goes and whether it breaks above $0.15.
 
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