Mike Redflex will report a small profit for the 6 months just...

Mike
Redflex will report a small profit for the 6 months just gone when they announce. This will be just the start of rapidly increasing profits. Redflex has 200 installed as at end of Nov.

Redflex has just raised 13M in equity and another 4M in debt to finance installs.

Now you expect me to believe that transol will make a profit from 25 installs and fund them with 900K. You dont even have to be down wind to smell this one

Secondly transol have allocated a whopping 900K to installs from the 5.5M they raised. They have said the average install costs 70K and they are going to intsall 25 very soon and have 100 by year end

For the 4 months to October they lost 445K and only had 12 people employed. Once they start to do something(apart from talk) their costs will rise dramatically and the loss will get much bigger.

25 installs(if they ever get this many) will only generate around 1.3M in revenue. Not even enough revenue to run a listed company with only 12 staff.

Several years ago similar hype surrouned Redflex and they failed in spectacular fashion on their forecasts. Interesting to note that the person in charge at Redflex at that time is the same person now in charge of transol.

You should read the prospectus. It is probably optomistic as well but it paints a totally different story to what has been repoted in the Age.

All I can suggest is dont get suckered into this one

I hold no Transol Shares