Solco - die Solarperle mit sehr viel Potential

05/04/2011 Solco Strengthens Power and Project Division

http://www.asx.com.au/asxpdf/20110405/pdf/41xw6z8j622r3x.pdf  

Newsletter April 2011

http://www.solco.com.au/pdf/newsletter/Solco_Newsletter_April_2011.pdf  

 

Solco Newsletter June 2011

http://www.solco.com.au/pdf/newsletter/Solco_Newsletter_June_2011.pdf  

28 June 2011

ASX Announcement

SOLCO FORECASTS RECORD REVENUE AND PROFIT FOR FY2011

Highlights:
• Forecast record revenue of $52 million for FY2011
• Revenue growth of more than 50 per cent on FY2010
• Forecast record pre-tax profit of nearly $3.6 million
• Record breaking sales of products during May
• Investment in Projects and Power Divisions reflects market opportunities
• Solar system cost reductions continue to present upside in making solar power
appealing to the market

Solco Limited (ASX: SOO) (“Solco” or “the Company”) is pleased to provide profit
guidance for the 2011 financial year. The Company expects to report a pre-tax profit of
nearly $3.6 million for the 12 months to 30 June 2011 or approximately 6.9 per cent.
The forecast revenue of approximately $52 million represents more than 50 per cent
growth from $34.5 million in 2010. This is a result of increased demand for the
Company’s solar products as well as securing several exclusive distribution
agreements with international manufacturers.
Executive Chairman David Richardson said that the upside in the solar industry is now
becoming clear, with demand from consumers who are facing rising power prices being
complemented by a strong Australian dollar and lower prices for manufactured
products.
“As the price of solar panels and components continue to fall rapidly, solar power
systems are becoming increasingly affordable at the same time as the cost of
electricity generated by traditional means is rising steadily around the nation. This
means there is potential to reach the point known as ‘grid parity’ faster than
anticipated. As solar becomes increasingly competitive with traditional power, a
sustainable market for residential and commercial photovoltaic solar systems is
becoming a nearer-term reality,” he said.
In January 2011, the Board appointed Executive Director Mark Norman to head the
Company’s Power Division and assist John Hebenton, the newly appointed Executive
Manager of the Projects Division. Both Divisions are working closely together to better
position Solco to have a significant presence in the commercial power generation
market as grid parity is attained.
“We aim to build, own and operate grid, hybrid, mini-grid and remote solar projects,
capitalising on a major growth period for the solar power generation market.” Mr
Richardson said.
“Our investment in this area is progressing well and we are receiving considerable
interest from a very wide range of organisations seeking to involve Solco in their power
projects in either a development role or long-term operator,”
In January 2011 the Company’s Solar Pumps Division entered into an exclusive supply
agreement with international solar pump manufacturer Lorentz. Following this
agreement, the Board approved the establishment of a National Sales and Marketing
team to grow the solar pumps business across a range of sectors from mining and
agriculture to commercial and residential.
To reflect the strong growth outlook in its Solar Products division, Solco has also
continued to invest in its national sales network with the strengthening of the
management team in Queensland and Victoria.

Outlook for FY2012
Continuing growth in all areas of the solar market, combined with falling prices for
components of solar systems and a continuing strong trend for the Australian dollar
provide a positive outlook for the Products Division. However, the Federal
Government’s reduction of the multiplier under the RET scheme at 30 June 2011 may
inject some uncertainty into the solar power sector at the start of the new financial year.
A range of opportunities that have already been presented to the Projects and Power
Division mean that the Company’s investment in this area is expected to produce
results during the year that will contribute to both revenue and profit.
ENDS

About Solco
Solco is one of the top three solar wholesalers in Australia with nationwide distribution
networks. With a strong balance sheet and experienced Board, Solco is focused on
increasing its market share of power generation projects.
For further information, please contact
David Richardson
Executive Chairman
Solco Limited
P: +61 8 9334 8100
Media enquiries
Jasmine Green
Senior Consultant
Clarity Communications
P: +61 8 9380 0700

http://www.asx.com.au/asxpdf/20110629/pdf/41zgvfhmzqm7ns.pdf  

bin vor kurzem wieder rein. Könnte ne sehr gute Aktie in den nächsten 2 Jahren werden...  

sehr schön...

Unter ungewöhnlich hohem Umsatz in Australien gings 10% rauf heute...  

Solco Newsletter July 2011

http://www.solco.com.au/pdf/newsletter/Solco_Newsletter_July_2011.pdf  

Do you need renewable energy stocks in your portfolio?

It's not easy to determine which sector in the renewable energy space is the best bet.

By Staff Journalist | 15.08.2011

The government’s carbon tax has pushed ethical investing into the spotlight and share prices of stocks in the renewables sector are starting to look greener. There has been some commentary in the media recently that investors without exposure to the renewable energy sector are at risk of losing out on future gains. Or, more to the point, investors with too high an exposure to carbon polluters could be at risk of faltering returns as share prices flatten.

It’s undeniable that the world is transitioning from a world motored on oil, coal and gas, to a world run on a more diverse mix of alternative and renewable energy sources. Global investment in renewable energy last year sat at a record $US211 billion ($A198 billion), increasing by 32% over 2009 and 540% since 2004. China accounted for more than a fifth of the total, investing $US48.9 billion ($A45.9 billion).

The government’s $13 billion Clean Energy Package pushes the case for renewable energy - with $10 billion over five years to be invested in renewables and low emissions technologies (not Carbon Capture and Storage), with a further $3.2b in renewable sector funding.

The big investors, like fund managers and professional investors, are taking note. In its climate change report, Mercer argued that investment firms are beginning to increase their allocation to climate sensitive assets in order to capture new opportunities and help mitigate risks. Indeed, fund managers and professional investors are realising the benefits of bolstering exposure to companies and funds that benefit from a carbon tax, which include clean technology and renewable energy stocks across waste, solar, water, wind, biofuel, geothermal, carbon and others.

What does this tell us? Well, if the funds are getting in, the best companies in these sectors have only one way to go - and that’s up.

complete report
http://www.thebull.com.au/articles/a/...stocks-in-your-portfolio.html  

30/08/2011 Annual Financial Report

http://asx.com.au/asxpdf/20110830/pdf/420qkbd4qjdlvy.pdf  

18 November 2011
ASX Announcement

SOLCO SECURES PARKES SHIRE SOLAR ENERGY CONTRACT

Highlights:
• Solco wins highly competitive contract for Parkes Shire Council solar system
• 250kW system to be installed across seven buildings
• Contract value of up to $850,000
Solco has secured a contract to install grid connected photovoltaic (PV) systems on a
range of buildings operated by the Parkes Shire Council in New South Wales.
A total solar generation capacity of up to 250kW will be installed across multiple
buildings. The systems will range in size depending on each building, with the largest
system to be installed on the Shire Council’s Administration, Library and Cultural
Centre.
The final composition of the system will be decided through consultation with Parkes
Shire Council. It is anticipated that the first systems will be installed before the end of
2011 and all the systems will be operational by the end of the first quarter 2012.
Solco Executive Chairman Dave Richardson said the contract had been secured in a
very competitive tender process and demonstrated that Solco was a leader in providing
PV systems for businesses and other organisations.
“We believe that Local Governments, medium sized and similar groups are the
organisations that will benefit most from upgrading to solar energy systems in the near
future. This is because the cost of solar energy is increasingly affordable because it
steadily becoming close to parity with traditional electricity sources, plus they are now
facing new cost impacts on purchasing electricity as a result of the Federal
Government’s Clean Energy Bill.”
Mr Richardson said that organisations like Parkes Shire Council wanted to work with
Solco because of its long track record in solar energy, expertise, national scale and
ability to deliver on their requirements with the most advanced products.
Mayor of Parkes Shire, Cr Ken Keith, said the community would derive considerable
benefit from the project which would help the Council position itself to deal with the
financial and environmental challenges associated with climate change.
“The ratepayers of Parkes Shire will receive an economic and environmental benefit
from this project because the Council will incur lower electricity costs over the longterm
and we will be making an appropriate reduction to CO2 emissions by generating
our own electricity from the sun,” said Mayor Keith.
“The Council believes that there is an expectation in our community that we will play
our part in combating environmental change and managing local finances properly.
This solar energy project ticks both boxes.”

complete report
http://www.asx.com.au/asxpdf/20111118/pdf/422mvbzz9swcch.pdf  

31 January 2012 ASX ANNOUNCEMENT  

SOLCO TAKES ACTION TO SECURE FUTURE GROWTH

Unaudited half year revenue 2011/12 of $11.6 million
Unaudited half year loss before tax of $3.8 million
Retains debt free status and strong balance sheet
Full year revenue 2011/12 forecast of $32 million
Downturn in residential solar energy market for current year
Growth in commercial solar projects, with strong pipeline of work
Assessing consolidation opportunities in the solar energy sector  

Solco Limited (ASX: SOO) today released its second quarter cashflow report and its unaudited results for the half-year to 31 December 2011. The results confirm an earlier forecast (6 October 2011) of lower revenue resulting from a downturn in first half in the Australian residential solar market following the reduction or withdrawal of residential solar rebates by several State Governments. The downturn needs to be viewed in the context of the record 2010/11 year for the solar energy sector, which saw 700MW installed in Australia as the State Government rebates drew forward considerable consumer demand. In this environment Solco achieved record turnover of $52 million in 2010/11 and profit of $3.5 million. In response to these changes, Solco is aggressively adjusting its business to capitalise on a post-rebate environment in which residential demand is cautious, while opportunities for commercial solar power are increasing. The Company's key actions have included substantially reducing inventory and monthly overheads, the full benefits of which will be seen in the full year results.
Solco's wholesale division has reduced its panel inventory levels via a nationwide sales program. Residual stock has been carefully reviewed as at 31 December to ensure that book values reflect the rapid decrease in panel prices over the past few months. The resulting stock writedowns have contributed to approximately $2.5 million to the Company's loss for the half-year. The commercial power projects division is seeing significant growth. The secured work has increased from approximately $250,000 in the first half of the year to $1.7 million for the second half. To position the company for growth in a post-rebate operating environment Solco has begun a range of longer-term initiatives including:
negotiating more suitable commercial terms with suppliers
taking stock on consignment, and increasing the stock turn rate
reducing staff numbers
increased its Internet presence via a new inventory management system and
improved customer service.  
A proposed capital raising by Solco received strong support, but the Offer Document was withdrawn when the residential solar market continued to weaken. The Company will wait for a more appropriate time to raise capital, but continues to examine opportunities for consolidation within the sector. Solco retains a positive outlook on the long-term solar energy market in Australia. The Company believes it is highly likely that the goal of price parity for residential and small-to-medium commercial customers, with traditional energy sources has recently been achieved as a result of the fall in panel prices. The Company believes that price parity will gradually encourage stronger residential demand as consumers seek to secure long-term control over their power costs. Price parity is also set to encourage more commercial scale projects. The Company has secured or is finalising contracts to install systems in Victoria and Western Australia. These will be the subject of separate announcements to the ASX . Executive Chairman David Richardson said the speed of the decline in the residential solar market was surprising, but Solco had the right initiatives in place to remain a force in the post-rebate solar sector.
Everyone in the solar energy sector has to work harder and smarter at the current time, but with our national wholesale strength, engineering expertise and growing commercial experience, I believe we will be able to increase our market share in the second half of the year, Mr Richardson said. Our goal is work closely with installers to help them achieve the lowest installed costs per kW by negotiating the best prices for PV panels and equipment and enabling them to access our core engineering expertise.  ENDS
For further information, please contact: David Richardson Executive Chairman Solco Limited P: +61 8 9334 8100 Media enquiries Jasmine Green Senior Consultant Clarity Communications P: +61 8 9380 0700  
http://www.asx.com.au/asxpdf/20120201/pdf/42435xx81xtfcq.pdf  

nach ASX-Börsenschluß veröffentlicht :

29 February 2012

ASX ANNOUNCEMENT

CONTRACT WINS GIVE COMPANY A BOOST

 Solco secures projects to install more than 100kW of systems
 $1.7 million worth of contracts on the books
 Looking for potential merger and acquisition opportunities in second half

Solco Limited (ASX: SOO) (“Solco” or “the Company”) is pleased to announce it has
won two contracts to install a total of 50kW on two council buildings in Mildura, Victoria
and a 65kW stand alone remote system for KJ Johnson Electrical Engineers and
Contractors in the North West.

The installations will commence over the next couple of months and are worth more
than $1 million to the Company. This follows the announcement of contract worth
around $850,000, which was secured in November last year, to install a 200kW system
on Parkes Shire Council’s seven buildings.

The 65kW standalone system has been designed to power a communications system
critical to operations of a large iron ore mine in the remote northwest of Western
Australia. The control and 50 tonne battery system, housed in three 20 foot shipping
containers, will provide several days of autonomy before starting a backup diesel
generator. Two 70 metre long, hilltop mounted, solar arrays will power the
communications system and recharge the backup batteries.

Solco Executive Chairman Dave Richardson said the contract wins demonstrated the
Company was right to focus on increasing its commercial projects market share.

“With the viability of solar energy now being realized by the commercial sector, the
amount of projects we are tendering on is growing rapidly,” he said.
“This is the fourth local government PV contract Solco has won, installing systems
across the country including Mundaring and The Eastern Metropolitan Council in WA,
Parkes in NSW and now Mildura in VIC.

“The Mildura system will be installed across two buildings, on the well-known Alfred
Deakin Centre, which houses public pool Mildura Waves and Council headquarters
Madden Avenue Service Centre and incorporate Solco’s propriety SolcoShare
visualisation system. This system allows the council to record and display solar
electricity and carbon emissions savings, simultaneously with their council messages
and information which they can update at will.”

ENDS

http://www.asx.com.au/asxpdf/20120229/pdf/424qq4zsxjjd4r.pdf  

Media Release
12 June 2012

Updated Revenue Guidance

Key points

   Revenue guidance for FY2012 updated to $23m
   Further restructuring strategies implemented
   Changes to management team to take the Company forward

Renewable power and water company Solco Ltd (ASX: SOO) today announced a further
adjustment to their full-year revenue to $23 million as the Company restructures itself to
adapt in a new environment.

New Chief Executive Officer, Anthony Coles, has moved quickly to introduce a new
management team and operating structure to lead Solco back to profitability, by taking a
more customer-focussed approach in its strategy.

“The wholesale business had to be restructured from an inventory and staffing point of view,
following a significant fall in component costs and a drop in domestic demand due to global
over supply and changes in the regulatory environment in Australia,” he said.

Every layer of the supply chain, including cell producers, panel manufacturers, wholesalers
and retailers/ installers has all been affected by these fundamental changes to the
environment.

Despite a drop in its revenue, Solco is positive that it can prosper in this new environment as
the Company continues to grow its earnings.

Following a below forecast result in Q3, Solco’s wholesale business achieved its best month
for FY2012 in May and is continuing to find ways to further reduce operating costs by
restructuring warehousing and logistics, to continually improve the Company’s bottom line.

“Our procurement, logistics and pricing have now been addressed to meet market needs
and as a result sales have been climbing in Q4,”says Mr Coles.

Delays on some of the large commercial solar projects, scheduled for completion in Q4,
have also contributed to this further adjustment to revenue.

“We had to make a number of tough decisions which included some redundancies but we
have dealt with our aged inventory and re-established our core vendor relationships; as a
result we are well placed for the post-rebate solar PV environment we are now
experiencing.”

To take the Company to this next level, a number of new management appointments have
been made.
Robert (Bob) Matthews joins the company as Chief Operating Officer, and will head up the
Company’s commercial projects business.
“Bob has tremendous depth in operational management and leadership roles in larger multinational
power businesses and start-ups,” Mr Coles said.
Former Choice Electric co-owner, Gary Deam joins the Company as Product Manager and
Gary Houlton has joined as Sales Manager of Products in the Southern Region, based in
Adelaide.

For more information please contact:
Anthony Coles
Chief Executive Officer
Solco Limited
M: 0401 434 545
E: anthony.coles@solco.com.au
Media enquiries:
Jasmine Green
Clarity Communications
M: 0414 712 241
E: jasmine.green@claritycommunications.com.au

http://www.asx.com.au/asxpdf/20120612/pdf/426s7hkp9w43rq.pdf  

31/07/2012 Appendix 4C (Quarterly Report)

Receipts from customers = 7,777 Mill. AUD
Net increase/ (decrease) in cash held = 1,330 Mill. AUD
Cash at end of quarter = 3,487 Mill. AUD

http://www.asx.com.au/asxpdf/20120731/pdf/427q0z9gzwj59f.pdf  

31/10/2012 Annual Report to Members

http://www.asx.com.au/asxpdf/20121031/pdf/429wp1866qky24.pdf  

31/10/2012 Appendix 4C

http://www.asx.com.au/asxpdf/20121031/pdf/429wn9n5m21mgp.pdf  

könnte mir das mal einer übersetzen? Warum ist denn der Kurs so rasant abgeschmiert in letzter Zeit? Die Zahlen sehen doch gar nicht so schlecht aus? Oder deute ich da was falsch?  

SOLCO
14 June 2013
ASX ANNOUNCEMENT

TRANSFORMATION OF SOLAR BUSINESS CONTINUES

Key points:

Acquisitions undertaken to establish national solar leasing products

Restructuring of operations completed to support new strategic direction

Cash and current assets preserved throughout H2

Guidance revision on previous turnover forecast from $18M to $10.3M

Solco Ltd (ASX: SOO) has taken the next steps in its transformation into an integrated
power company by establishing a national finance business offering leasing products for
solar retailers and installers servicing SMEs and residential property owners.
Solco announces it has purchased the assets of a start-up solar finance company,
ZincFinance, from Australian Finance Group (AFG), and in a separate acquisition, the
solar lease assets of Bright Generation Holdings (BGH). Both businesses have been in
product development during the past 12 months and
their operations and processes will be integrated into a new entity Solco Finance from
July 2013, which will operate under its own Australian credit licence.
Solco will use its traditional national wholesale networks to offer the market a range of
commercial and residential solar power leasing products, commencing with a pilot program
with one of Australia’s largest solar retailers.
To assist with launching Solco Finance, Solco has secured the services of former AFG
General Manager of Leasing and Finance, Ken Ferro. Mr Ferro has substantial experience
in providing leasing products via retail networks.
Solco CEO Anthony Coles said the acquisitions and new expertise demonstrated the
company was continuing its transformation from being primarily a solar products provider
into a new energy company with Finance, Distribution and Power operations.
“We are committed to changing the way people buy their power,” Mr Coles said.
“Distributed generation, supported by the new economics of solar power, is now
competitive with traditional sources of power in many parts of Australia.”
“By bundling energy and finance services together, we want to be able to bring new
products, to new customers, in a post solar-rebate Australian energy market”.
Solco’s new strategic direction is in response to the downturn in wholesale sector during
the past two years due to global over-supply.

During the past year Solco has restructured its operations and exited various low margin
activities, preserving cash to help fund future growth.
As previously announced, Solco has streamlined its distribution business to focus on
higher margin off-grid and pumping markets, supporting a growing portfolio of dealers
around Australia that are focussed on servicing the mining, agricultural and irrigation
sectors.
Solco’s Power business continues to expand its system integration and EPC services with
larger commercial grid-connected and off-grid projects across Australia.
Board and management focus on cash preservation throughout the year means Solco is
currently holding approximately $5 million in current assets, (cash, debtors and inventory),
and is well positioned to support future growth.
As a result of the restructure of its wholesale activities, Solco will achieve a 2012/13
turnover of approximately $10.3 million, compared with previous guidance of $18 million
issued in November 2012.

For further information:
Anthony Coles
Chief Executive Officer
Solco Limited
P: +61 401 434 545

Anthony Hasluck
Managing Director
Clarity Communications
P: +61 438 522 194  

 

Appendix 4C
Quarterly report for entities admitted
on the basis of commitments

http://www.asx.com.au/asxpdf/20130731/pdf/42hbz260p52qyd.pdf  

22/10/2013 Annual Report to Shareholders

http://www.asx.com.au/asxpdf/20131022/pdf/42k6wj5j80txz0.pdf


22/10/2013 Notice of Annual General Meeting/Proxy Form

http://www.asx.com.au/asxpdf/20131022/pdf/42k6w3gj0sn8kk.pdf  

29/10/2013 Appendix 4C

http://www.asx.com.au/asxpdf/20131029/pdf/42kf0nkfk8bf2z.pdf  

ASX Release –Guidance

Renewable energy company Solco Ltd released revenue guidance for the 6
months to 31 December 2013 today at its AGM.

Revenues in H1 have contracted as a result of structural changes to
operations earlier in the year in preparation for the post-rebate
solar energy market. These changes have included reducing staff numbers,
reducing inventory levels of low margin pv stocks, closing/ relocating
warehouses in Perth, Melbourne, Brisbane & Adelaide, and the establishment
of a solar Finance business.

Unaudited Revenue to December 2013 is projected to be approximately $2.1m
with growth expected in the second half of the year as Solco rolls out
its finance business.

Operating expenses have been adjusted during the period as a result of this
reduced turnover to reduce cash burn, and the company continues to trade
with no debt.

The Board continues to evaluate Merger & Acquisition opportunities in the
market as the sector consolidates in 2014 and sees differentiation
in the market with its new Finance-led strategy.

For further information:
Anthony Coles
Chief Executive Officer
Solco Limited
P: + 61 401 434 545

http://www.asx.com.au/asxpdf/20131120/pdf/42l062wvvfcmj8.pdf  

20/11/2013 AGM Presentation

http://www.asx.com.au/asxpdf/20131120/pdf/42l0668r7sqxth.pdf