Ann: Award of Contract - City of Moonee Valley, page-9

Agree with highett here. Either you're a downramper or you're reading quarterlies and don't know the company.

1) Majority of the revenue comes from parking management, which has contracts with multiple companies to manage their car parks. So it's not 'tied up with one governerment agency'.
2) "reading last quarterly, cash didnt seem going up, if taking acc depreciation, and other non cash expense, something has been drain their wallet."

Not sure how you know about depreciation and non cash expenses, from a quarterly cash flow statement. The facts are - from the June 17 quarter to September quarter, receipts have increased from $6494k to $7425k, with net operating cashflows going from $350k to $790k. Whilst one shouldn't look at a quarter in isolation, this is the ongoing upwards trend in receipts and operating cashflows, supporting the announcements re: parking breach notifications etc.