Hunt for bargains : SOLCO
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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
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Solco and SolarEdge announced a joint partnership agreement
May 31, 2010
As a result of close collaboration, Solco and SolarEdge today announced a joint partnership agreement for the supply of a distributed power harvesting solution that will maximize power generation throughout a solar photovoltaic system’s lifecycle, while dramatically reducing complexities and costs.
“Solco welcomes this strategic agreement with Solaredge, who has proven to be a reliable and committed partner,” said Mark Norman, CEO and Managing Director of Solco Ltd. “Our partnership reflects the intensive quest by both companies to create highly efficient and cost-effective PV systems. The combination of SolarEdge technology and Solco’s technical expertise will significantly enhance the energy output of solar power systems installed in Australia. We expect customer response to be immediate, demonstrating the viability and effectiveness of this collaboration, and the abilities of this new solution.”
The SolarEdge power harvesting solution includes PowerBoxes, which are PV module-integrated power optimizers, solar PV inverter, and solar monitoring software. This unique end-to-end solution enables production of up to 25% more energy from the PV installation, while reducing costs and complexities. The SolarEdge system offers significant improvements over existing solutions, especially in optimizing power output from each module, regardless of adjacent module performance. The SolarEdge solution allows installers and system owners of all system types to benefit from constraint-free design, real-time module-level monitoring, improved maintenance at reduced cost, optimal site-area utilisation, theft prevention mechanisms, enhanced safety and extraordinary reliability, which all contribute to faster return on investment.
http://www.solaredge.com/articles/so...solco_20100602
Astronergy Enters Into Exclusive Agreement With Solco Ltd.
Astronergy Enters Into Exclusive Agreement With Solco Ltd.
HANGZHOU, China, Aug. 2 /PRNewswire-Asia/ -- Leading Chinese solar company, Astronergy (also known as Chint Solar), has today announced an exclusive agreement with Solco Ltd., headquartered in Perth, Western Australia. Solco will be the exclusive distributor of Astronergy solar modules for Australia, New Zealand, Papua New Guinea, Nauru, and other Oceania nations, and Astronergy will be the premier Chinese module supplier to the Australian company.
Solco will distribute Astronergy's entire line of solar products, including monocrystalline solar PV, polycrystalline solar PV, and high- efficiency thin film PV. The high quality modules will be used across the complete range of solar applications including PV systems for residences, government and schools as well as larger scale projects.
Increased demand in the Australian Pacific market and the addition of more sales channels in the region have already made their impact on the companies' joint effort. It is expected that this year's shipment volume will double the original amount outlined in the contract.
Founded in 1989 and listed on the Australian Stock Exchange with offices and distribution centers across Australia, Solco is a well established and rapidly expanding solar systems design, supply and installation service company.
"With our quality panels reaching more customers in the Oceania Region through the trusted solar systems provider Solco, we will have greater access to the developing Oceania market," said Astronergy CEO Dr. Liyou Yang. "This is a win-win situation for both companies."
"We expect that Solco will be able to achieve even greater successes in local markets. Astronergy will work hard to foster long-term cooperation with Solco," noted Chief Sales and Marketing Officer, Mr. Alan Yuan.
Solco's Chief Executive Officer, Mark Norman, believes the partnership with Astronergy will be the cornerstone in securing a reliable supply of quality solar panels for its customers throughout Oceania.
"This agreement with Astronergy will allow us unique access to a growing supply of products from China which will undoubtedly enhance our operations and future development opportunities. We firmly believe this is the opening phase of our strong and expanding relationship with Astronergy and its global parent, the Chint Group."
"Astronergy products consistently achieve an excellent level of quality and performance," said Solco CEO Mark Norman "and we are delighted to announce this Agreement."
For more information, please contact:
Wanshu Hu
Astronergy
Tel: +86-571-5603-2382
Email: pr@astronergy.com
Web: http://www.astronergy.com
SOURCE Astronergy Solar
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RELATED LINKS
http://www.astronergy.com
http://www.asx.com.au/asxpdf/2010080...2t3rh2zrjt.pdf
SOO - Solco Limited - RECORD REVENUE AND PROFIT GROWTH
ASX Announcement
31 August 2010
RECORD REVENUE AND PROFIT GROWTH
Solco Limited (ASX: SOO, “Solco” or “the Company”) is pleased to announce a record profit before tax of
$3.29 million for the 2010 financial year – an increase of 84% over 2009, coupled with a record revenue of
$34.5 million. It exceeded the $3.15 million profit forecast provided in July 2010 by 4.5% and is the second
consecutive year of profit growth following the re-structure of Solco’s Board and Senior Management team
in the 2008 fiscal year.
“This outstanding result demonstrates Solco’s ability to maintain robust growth while preserving strong
operating margins in the face of significant business challenges” said Mark Norman CEO. “It is the result of
dedication and focus by our national team and underpins our strategic plan for future growth. To support this
growth, the Company’s national network continues to expand with the recent securing of office and
warehouse premise in Melbourne, which will be operational in September.”
complete report :
http://www.asx.com.au/asxpdf/2010083...t0xzsb2dy1.pdf
see also :
31/08/2010 Preliminary Final Report
http://www.asx.com.au/asxpdf/2010083...sl4bsfpmkk.pdf
31/08/2010 Annual Financial Report
http://www.asx.com.au/asxpdf/2010083...tl2lpyq8w4.pdf
SOO - Solco Limited : DIVIDEND PAYMENT 0.375 CENTS/SHARE
ASX Announcement 16 November 2010
SOLCO DECLARES DIVIDEND PAYMENT
50% increase on FY2009 dividend payment
Solco Limited (ASX: SOO) is pleased to announce a dividend payment for shareholders of 0.375 cents per share relating to the financial period ending 30 June 2010, following a second consecutive year of record profit and growth.
The Company, an established and profitable solar energy wholesale supplier, will provide shareholders with a total dividend of approximately AUD$750,000, a 50% increase on its maiden dividend payment in 2009.
Dividend details
Amount: 0.375 cents ($0.00375) per share
Franked/ Unfranked: Unfranked
Record Date: 26th November 2010
Anticipated payment date: 18 January 2011
Solco’s Chief Executive Officer Mark Norman said he was pleased to continue providing strong shareholders returns.
“We believe this dividend payment reflects Solco’s growing status as profitable company - and a leading entity within Australia’s wholesale solar energy supply sector. In the last financial year we achieved a record 84% increase in profit before tax, and are pleased to reward our shareholders for
their continued support,” said Mr Norman.
“Through the continued growth of our core divisions and the expansion of our national sales network and capabilities, we are currently on track to sustain this growth in the 2011 financial year.”
ENDS
http://www.asx.com.au/asxpdf/2010111...j0y6c5y0kr.pdf
SOO - Solco Limited - newsletter
SOLCO - Investor Presentation