If TNC go under, then that's another 53 camera sites that Redflex will be trying to get, presumably. As long as the TNC problem doesn't "rub off" onto Redflex, by virtue of them both being Aussie companies based in Melbourne, tarred with the same brush, etc etc. I know that due diligence should demonstrate completely different track records, but who can ever explain the psychology behind sentiment? ;)
Looking at the Sell side of RDF - not too many up for grabs - people hanging on tight, as I am too. I hold a heap of them, and will continue to do so. If I didn't have so many, now would be a good time to top up, but I would be severely overweight one stock if I bought any more right now!
RDF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held