SOLCO Ltd ("SOO") sustainable energy co

[steve fleming]

A most impressive quarterly for SOO.

$6 mil positive operating cash flow for the quarter for a $20 m/c company??

I assume there must be some abnormals / timing at play here, but nonetheless, a smashing result.

[StockExplorer]

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,*We lshpool*DC,*WA*6986*
Office:*61‐8‐9334*8100***Free*call*1800*454*161*** Fax:*61‐8‐9334*8199**
www.solco.com.au

[steve fleming]

Having a bit of a look at SOO and i see InvestorFirst in their August research report have forecast FY12 revenues of $64m.
http://www.solco.com.au/pdf/2011-11-...estorfirst.pdf

Earlier this month SOO put out revenue guidance for FY12 of only $41m.
http://www.solco.com.au/pdf/solco_asx_06_10_2011.pdf

You'd be pretty annoyed getting into SOO on the back of IF's report, which was 50% more bullish on revenues than the company.

Just shows you can construct the fanciest models models possible built on the most detailed of assumptions, but in reality, events in real life are impossible for outsiders to properly predict.

[steve fleming]

Rights issued announced - might be a good buying opportunity coming up.....

[steve fleming]

Rights issued announced - might be a good buying opportunity coming up.....

and rights issued cancelled!.....might be an even better buying opp coming up.......but probably better on the sidelines at the moment seeing where this all ends up

[Lizard]

Having a bit of a look at SOO and i see InvestorFirst in their August research report have forecast FY12 revenues of $64m.
http://www.solco.com.au/pdf/2011-11-...estorfirst.pdf

Earlier this month SOO put out revenue guidance for FY12 of only $41m.
http://www.solco.com.au/pdf/solco_asx_06_10_2011.pdf

You'd be pretty annoyed getting into SOO on the back of IF's report, which was 50% more bullish on revenues than the company.

Just shows you can construct the fanciest models models possible built on the most detailed of assumptions, but in reality, events in real life are impossible for outsiders to properly predict.

...and the latest forecasts from SOO are for $23m revenues for FY2012...

How many years have investors being gambling on solar energy? Still, apparently solar has finally achieved price parity in Australia with other sources... and the latest quarterly from SOO is back to strongly cashflow positive on receipts of $7.8m for the quarter. That puts it in line with the market cap of $7.6m (at 3.8cps). The FY result will still be a dismal read, so not sure there will be a turnaround in the share price until they have another couple of quarterlies under their belt, but definitely one to watch.

[percy]

With a last sale at 2.5 cents looks as though the sun has stopped shineing on SOO>
Cloudy future.?