Smart Parking is greatly undervalued at these levels in my...

Smart Parking is greatly undervalued at these levels in my opinion. I thought that at these levels someone may have come in with a buyout bid

but maybe the fact that Chris Morris has such a large holding is an impediment to such action. This company got trounced based on an 

announcement that seemed completely over the top. Exiting two staff due to HR issues is no reason for the company share price to go from around

50 cents down to about 18.5 now. The announcement killed the shareholders and I always felt that it was poorly written. Thankfully now those

issues seem to be behind it now with the appointment of new leadership in the UK.

The reality is that Smart Parking is still doing a lot of installs around the world. It is generating revenue and profit. At 18.5 cents I think its a clear

buy and I am happy to add at such low levels for the medium term. In terms of the charts and how people are trading it, that's up to them I suppose

for me this is a buy at these levels and I am holding for the long term.