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SOO, SOLCO LTD
StockExplorer
post Posted: Aug 31 2011, 01:42 AM
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Posts: 1


30 August 2011

ASX ANNOUNCEMENT

SOLCO CONFIRMS RECORD PROFIT WITH 2011 FULL YEAR RESULTS

Highlights:

Record revenue of $53.7 million
Revenue growth of more than 56 per cent on the previous year
Record pre-tax profit of $3.6 million
25 year milestone for Group
Industry shift presents upside for Solco

Solco Limited (ASX: SOO) (“Solco” or “the Company”) today released its full year
results, which confirmed earlier guidance of a pre tax profit of $3.6 million for the 12
months to 30 June 2011.

The company’s 56% growth in revenue to $53.7 million was driven by the ongoing
success of the company’s Products division, which wholesales a range of solar
products, and the continued expansion of the company’s Projects and Power Divisions.

Executive Chairman David Richardson said the strong results reflected the advantages
of the Solco business including the company’s national footprint, wide range of solar
products and its strategy of growing the business well beyond the residential market
and into the development of commercial scale solar installations and projects.

“Our strategy is proving successful and it remains unchanged for the coming year. We
will continue to build our wholesale division while increasing our market share of grid-
fed power generation through larger scale commercial installations and build-own-
operate power generation projects through strategic joint venture partnerships,” said Mr
Richardson

“After 25 years in the industry our experience, scale and strategy has given us the
ability to make the most of growth and weather any challenges in the sector. As
Government Solar programs are devolved we anticipate a reduction in the products
consumed by the residential solar market, but with steadily rising power prices and
solar energy coming closer to grid-parity, the time is now right for the commercial PV
market to expand.”

“With our proven business model, the right people, the right relationships, and the right
products and experience, Solco is one of the best positioned solar energy companies
to take advantage of the shift from a domestic to a commercial PV market,” he said.

ENDS

SOLCO LTD
ABN 27 084 656 691
12 Brennan Way, Belmont WA 6104, P.O. Box 37, Welshpool DC, WA 6986
Office: 61‐8‐9334 8100 Free call 1800 454 161 Fax: 61‐8‐9334 8199
www.solco.com.au

 
arty
post Posted: Dec 22 2010, 11:23 AM
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Posts: 13,078
Thanks: 3381


volume picking up as proce seems to stabilise around the 12c mark.
we hold.

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
arty
post Posted: Dec 7 2010, 06:54 PM
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Posts: 13,078
Thanks: 3381


More than a year since the last post. Are there no takers left?
I just came across SOO at another site and must say it doesn't look too bad.
Daily turnover is a bit low; at 200M issued shares, an average 150K volume a day suggests they're "tightly held". Maybe the holders value their company higher than non-holders are prepared to pay?

Attached Image


If the current setup were to play out as an ascending triangle break above 13.5c, I'd consider getting a few for my "green" portfolio.
Must set an alert...



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
Ooops
post Posted: Sep 23 2009, 02:53 PM
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Posts: 1,851
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In Reply To: grommit's post @ Sep 23 2009, 01:27 PM

If I told you that I would have to kill you lol. laugh.gif

I think it needs a little consolidation to catch its breath.

My opinion only. The tea leaves may be more reliable wink.gif

 
grommit
post Posted: Sep 23 2009, 01:27 PM
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In Reply To: Ooops's post @ Sep 23 2009, 12:53 PM

OOPS...where to from here??...anyone have any idea? chartists??...florist or tea leaf reader...have you off-loaded any??

 
grommit
post Posted: Sep 23 2009, 12:55 PM
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Posts: 1,642
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In Reply To: Ooops's post @ Sep 23 2009, 12:53 PM

OOOPS...sowing trhe seeds already buddy! lol...Thanks...ruddy ripper lmaosmiley.gif

 

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Ooops
post Posted: Sep 23 2009, 12:53 PM
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Posts: 1,851
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In Reply To: grommit's post @ Sep 22 2009, 02:30 PM

grommit I can feel some daisies coming on rolleyes.gif

 
Ooops
post Posted: Sep 23 2009, 10:41 AM
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Posts: 1,851
Thanks: 16


In Reply To: hungry's post @ Sep 22 2009, 08:31 PM

LOL Yep they are right onto me!!!!! laugh.gif

 
hungry
post Posted: Sep 22 2009, 08:31 PM
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Posts: 2,967
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In Reply To: Ooops's post @ Sep 22 2009, 02:37 PM

Jeez Ooops
You bought that many, you gave the ASX an excuse to send em a speeding ticket - haha laugh.gif

 
Ooops
post Posted: Sep 22 2009, 02:37 PM
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Posts: 1,851
Thanks: 16


In Reply To: grommit's post @ Sep 22 2009, 02:30 PM

Lol I look forward to the daisies lol.

SOO is usually thinly traded so you have to expect the ups an downs.

One can understand people taking a profit on those kind of pops.

Good luck. smile.gif

 
 


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