You seem to have gone cold on this company within 24 hours fumoy from your previous post ,I did say 20 million was a wild figure and maybe 10 million profit , I think the one thing we both agree is about 100 million turnover for 12 months , it depends on what percentage the bottom line is
If you look at the last time SOLCO made a profit in 2010 they made a profit of approx 5million dollars on 35million revenue , I appreciate that was heady days in solar installation and margins were much better , however this new company have a lot more tools at its disposal, as solco in those days were into wholesale of rooftop panels etc and some water mill energy projects and they got themselves too spread out , now with the new company GO ENERGY from this month as you will be aware from there web site they are marketing a lot more produces , with the ALDI stores it may not be a lot of profit but it will put Woolworth and Coles and more on notice ( I do not see these stores doing anything in my area ) now with westpac and other big company's promoting green energy they may direct more funds into this market , also with a new prime minister it will not do any harm , it will be interesting 12 months for all
GOE Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
