Sorry if i was flippant with my one line statement. I must admit i went through the numbers at year end and was not impressed by the overall improvement as i did not feel the improvement in GP as compared to increase in revenue was where i was expecting it to be. I must admit it seems so long ago i looked at it that i cannot remember many details but for me before i pile back in and yes at a higher price i am waiting to see a definitive improvement in the margins. I know that i speak for two other investors that feel the same way and they had larger holdings in redflex.
Will be interested to see the HY results as the current PE is quite high. I just remember the days when it hit 4.20 on a healthy PE and that was over 2 years ago.
RDF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
