now wakes up, page-8

SOO is a a small rooftop-solar producer and installer that should benefit from certainty in renewable energy targets. Any glimpse of them moving into larger domains may be the impetus for a substantial re-rating, and they appear confident, given their maiden dividend of late. Been well under the radar for some time and has been one of the great turnaround micros within this sector in 08/09. A speedie may be coming later. Has little business risk IMO with forward given that based on the strong growth experienced and the expected demand in the first half of 09/10, the company has invested in growing its stock level to $6.8m from $5.26m of late.

Real cash flows have been increasing along with cash in bank. Group net profit for 08/09 was up significantly to $1.8m (compared to a modest profit of $0.1 million for 07/08.