Ann: Appendix 4D and Half Year Report , page-2

This looks like a good little company managing growth in a growth industry.
Stock figure is lower, receivables are lower, trade payables are lower... all equals more cash at bank. Unusual to see this in a growing company, especially where borrowings are not increasing.
I read 'better terms with suppliers' . .. this may be helping keep stock figure growth lower...
Steady as she goes would see good future earnings, as eps are up considerably.
This type of business can be distorted by govt carrots/sticks, and therefore is subject to 'legislative risk' imo, however general growth in this maturing sector should carry through provided FIT isnt cut off at the knees or similar.
Might buy some on Monday..