whippa, it may be more than just new business announcements. Paul 100 was close to the mark when he noted the increase in the rate of installations as per the City of Hawthorne announcement. This installation rate holds the key to the ramp up of profitability and I think was the key that triggered some of the buying yesterday and today. At about 80 to 90 live installations as applied at the end of last year the company was cash flow positive and had just nudged into profit so this was about the break even point. They now have about 170 installations live the bulk of which went in after March when the money started to flow again and the installation guys got back up to speed. Due to several factors revenue from new installations takes a couple of months to hit the Redflex books so the year to 30th June will not reflect much extra revenue from the new installations. This present 6 months will see a big jump both in revenue and profitability. Not really a daytraders stock, it's too good for that, hope they keep away.
RDF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
