REDFLEX Message Board - Msg: 21658847

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Technology Stocks : REDFLEX

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From: machia	9/1/2005 12:48:23 AM
	of 19

Hi Islay, great result from Redflex, 171% increase in net profit. One of the great features of this company is their market dominance and the strength of their balance sheet. What little debt they have is said to be at 4.85% p.a., quite a contrast to their smaller, and failing, competitor Nestor whose latest raising was at 14%. The Aussies do not really recognise what they have in this company, australian stocks are always on much lower multiples than our stocks, really never been able to understand that. Their traffic business of red light and speed cameras is winning about 70% of tenders now in the U S although the big surprise is their other division, Redflex Communications, which has just won a $40 million contract from Lockheed Martin. Said to be pretty juicy margins on that as well. Must admit I bought a few more on the strength of this result.

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