big air - solar products distribution

Recent IPO (Dec 2009)- double profit esimates since listing
Issued Shares 23,170,000
Upgraded Earnings $3,100,000
EPS $0.134
Last Sale $0.90
PE Ratio 6.7

Divi Payout Policy @ 60% $1,860,000
Estimate Dividend $0.08
Current Yield 8.9%

Not a bad effort for a business who has only focussed on the QLD market. Recent companies notes imply they are moving into sydney very soon with a distribution network of solar retailers and victoria there afterwards.

Onwards and upwards.

http://www.solarpower.net.au/