Very promising industry in the US, these ADRs may attract quite a bit of interest.
Main competitors to Redflex Traffic are ACS and Nestor at this stage. ACS stuck with wet film way to long and have faded fast, Nestor had a shocking year and there has to be doubts if they can continue much longer.
Nestor's revenue for the quarter to 31/12 was US$1.551 million and loss was US$1.959 million with 21 new systems installed compared to the Redflex figure of about 200 new systems installed during the same period.
The Nestor 10Q report is here:-
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0000720851%2D05%2D000033%2Etxt&FilePath=%5C2005%5C03%5C30%5C&CoName=NESTOR+INC&FormType=10%2DK&RcvdDate=3%2F30%2F2005&pdf=
Redflex Traffic now has a commanding lead, long may it continue.
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