I still believe Redflex is way undervalued ( No I'm not talking PEs )
Each of their approaches pay for themselves in 15 months then it is all icing on the cake - just think how many of those 15 month periods have already passed or will over the next FY and now they are allowing Redflex to pop in speeding fine detectors as well for a small cost to Redflex which could triple revenues (or more) at each location.
There is an intersection on Sturt Rd and Marion Rd in Adelaide with speed and redlight cameras and even though it has been there for years you can go there on dusk any night and its just like a lunar light show with the camera clicking away at will
I just wish I had more to invest ( but I'm in for some big dividends hopefully 2nd half of next FY)
The only downside is that we still can't get in at 45c
Cheers
Kawartha
I still believe Redflex is way undervalued ( No I'm not talking...
Add to My Watchlist
What is My Watchlist?