watch rdf double in price, page-7

hilldweller
If you know where to look(and the major investors do) there is lots of information about this company that you can find to track what is happening. There are lots of news articles on the web. See a couple below.

If you are really interested drop me a email to [email protected] and i will give you some tips on how to follow this stock

Rough revenue is pretty easy. Its in every traffic announcement and its always been the same except in the last 2 where the company reduced the Australia dollar average because of exchange and then increased it back in the latest announce .The announcements always say something like 20 approaches, value of contract 10M. Length on contract 5 years with option extentions. If you go back through these announces it always comes at a average of 100K per approach per annum.

Capital costs per approach are a bit less accurate but are somewhere between 80 and 120K

Variable costs probably around 15%(and falling) excluding depn which is 20% per year for 5 years

At the end of Dec 02 they had 103 approaches(as per report) and the company was pretty much at breakeven. That is the 103 approaches was covering all there costs to run the company.

Therefore applying basic accounting(I am a qualified accountant) this means that for every new approach they install 65% of the revenue goes to profit and 85% to cash

So what you have here is potential money making machine as more and more approaches are installed. The big key is that the contracts are a minimun of 5 years, the revenue is recurring and the process is highly automated

The simplist analogy is that it's like a snowball rolling down a hill. Its starts of small and insignificant but as it rolls down the hill it gets bigger and starts to roll even faster.

The snowball only started rolling in about march this year but it is now moving

Sample articles

Wednesday, May 28, 2003
Running the red will cost the green
Signal camera in Santa Ana will send violators a fine of $321.




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By ZAHEERA WAHID
The Orange County Register


SANTA ANA – Green yellow red. Stop! Or not.

In Santa Ana, 442 people ran the red light at McFadden Avenue and Harbor Boulevard in the five days beginning May 19. And they're not getting away with it.

A new camera system caught every violator on digital video, and soon they'll receive letters warning them to heed the traffic lights. Beginning June 19 – after a 30-day grace period – those letters will switch from mere warnings to hefty $321 fines on red-light runners.

At one of Santa Ana's busiest intersections, the camera system logged three times the violators as Fullerton did when it installed a camera at Harbor Boulevard and Orangethorpe Avenue a few months ago.

The intersection has been the site of 67 injury accidents and in the vicinity of five traffic deaths in the past three years. Santa Ana police pay $5,200 monthly to lease the camera system.

Had it not been for the grace period, the 442 drivers caught running the red light during the first five days would have shelled out $141,882 in fines.




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Red-light cameras coming to Chicago
City engineer hopes Peoria will follow suit

July 14, 2003

By MIKE RAMSEY
of Copley News Service


CHICAGO - Chicago's plans to install "red-light cameras" at dangerous intersections could influence their use elsewhere in Illinois.

Owners of vehicles that run red lights here will receive a $90 ticket in the mail, along with the photographic evidence, under a high-tech enforcement program aldermen approved last week. The city is initially equipping 10 intersections with cameras, at a reported cost of $1.7 million.

Chicago officials have long studied red-light cameras, which are used in some 70 cities across the country and even more widely overseas. A recent test at two local intersections documented more than 4,500 instances of vehicles running red lights in the span of just one month, transportation department spokesman Brian Steele said.

"The test showed that the problem definitely does exist in the city of Chicago," Steele said.

Ward 50 Alderman Bernard Stone agrees there's a problem, but he cast one of the council's few "no" votes. Among his concerns is that the vehicle owner who is ticketed may not actually have been the driver, and defendants who want to protest may not get a fair shake in court.

"How do you cross-examine a machine?" Stone said. "(When) you're given a citation by a police officer, if the officer doesn't show up in court, the matter is dismissed. Here, the camera doesn't show up in court, the camera doesn't testify - the victim is found guilty."

The debate may move beyond Chicago.

A group of legislators this spring attempted to set uniform standards for red-light camera enforcement - making a violation equivalent to a parking infraction - and allow all Illinois cities to implement a program. The measure, which passed the Senate, was later soundly defeated in the House.

"I couldn't believe it - nobody's going to lose their license over this deal," said one co-sponsor, state Rep. John Millner, R-Carol Stream, who hopes to revive the bill next year. "Now that Chicago has it, the eyes will be on Chicago to see how they use it."

Peoria traffic officials for years have sought the ability to enforce red-light violations with cameras, saying state law currently permits only populous Chicago to do it. City traffic engineer Jim Baumann envisioned placing cameras at 20 high-risk intersections.

"Our pitch was not to make money," he said. "It's definitely a safety measure, it's not for revenue."

Nationwide, more than 800 motorists die annually and more than 260,000 are injured in crashes in which vehicles run red lights, Chicago's transportation department said. Cities with red-light enforcement have seen steep reductions in crashes, injuries and deaths, the department said.

In another high-tech initiative, Chicago police last week unveiled plans to post surveillance cameras in distressed neighborhoods to deter gang-related violence. The city of Peoria already has used the monitoring devices in its riverfront district and plans to install five remote-control cameras in high-crime areas.



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Council OKs Buying Cameras To Catch Red Light Runners, Puts Off Tickets Issue






Thurdsay, July 10, 2003, 8:38 a.m.

(Chicago) – The City Council on Wednesday approved the purchase of ten cameras to catch and ticket vehicles running red lights.

With the opposition of four aldermen, the City Council ended up deferring the ordinance authorizing the issuance of $90 tickets to the owners of vehicles captured on camera running red lights under the automated red light violation enforcement system.

The ticket would not be a moving violation and would not go on the driving record. The violation was to be handled like a parking ticket. The ticket will count towards getting a Denver boot. Currently, if a person has three or more unpaid parking tickets, the vehicle can be booted.

The city was looking at buying 20 cameras from RedFlex Traffic Systems for $1.7 million to be installed at 10 intersections by late summer or early fall.

The passage of the ordinance came after Ald. Burton Natarus (42nd) withdrew his motion to defer and publish the ordinance.

He initially made the motion after he and two other aldermen voiced their disapproval of the matter. An ordinance can automatically get deferred and published if two aldermen make and support the motion. Ald. Howard Brookins (21st) joined Natarus.

Ald. Bernard Stone (50th) was against the ordinance because he didn't trust machines. "The machine is not fool-proof," Stone said.

Ald. Isaac Carothers (29th) said he knew nothing was perfect but that was not a valid enough reason to reject the program. "If it wasn't for the pacemaker, some of us wouldn't be here today. That's a machine," Carothers said.

Stone questioned the claim that the program and threat of a ticket would change driving behavior.

"First of all, the machine doesn't punish the driver. The machine will punish the owner of the vehicle. So how are we going to change driving habits when the driver isn't necessarily the one that's going to be punished?" Stone said.

Natarus said if the city wanted to change poor driving behavior, the aldermen should pass an ordinance prohibiting drivers from turning right on red. "People have gotten used to going through the red light as a matter of habit," Natarus said.

He said he was worried about whether the photographs would be clear and accurate.

"We cannot keep human beings out of law enforcement. We can't keep human beings out of making the judgment as to whether or not there's a violation because otherwise George Orwell is right, the machines do take over," Natarus said.

rookins said if money was going to be spent, more police officers should be hired and put on the streets.

Carothers said the city did not have money to put police on every corner.

After it was deferred, Mayor Richard M. Daley, whose administration sponsored the ordinance, snipped at Natarus.

Natarus was on the council floor talking to a colleague when Daley said, "Ald. Natarus, please recognize fellow aldermen when they're giving (committee) reports."

But when the motion was later withdrawn, another aldermen expressed frustration with Natarus. Ald. Richard Mell (33rd) complained that Natarus put aldermen in an awkward position and pulled the same legislative maneuver when the City Council voted on the renovation of Soldier Field.

"I went through thus with Ald. Natarus to defer and publish the Soldier Field thing. He suckered me into doing the same thing," Mell said.

"As we're sitting there deferring and publishing...because we thought it was the right thing to do, Ald. Natarus goes to the back room, cuts a deal and comes back up and reverses it," Mell said.

"Ald. Natarus, if you want to defer and publish something, you should defer and follow through and stick to it. You shouldn't put people in the middle, like Ald. Brookins, and then come back out and do this," Mell said.

The ordinance was passed but aldermen Natarus, Stone, Brookins, and Brian Doherty (41st) voted against it. Doherty said the idea was "too Big Brotherish."

Afterwards Natarus said, "I think this debate was healthy."

Stone chimed in and said, "The debate was healthy but not the defer and publish."

Also, Natarus introduced two driving-related ordinances of his own. He reintroduced his ban on using handheld cell phones while driving. The ordinance carried a $50 fine. But if an accident occurred while in violation of the ordinance, the driver would be fined up to $200.

The second ordinance he introduced would order the police department to maintain records of all accidents involving the use of "mobile, cellular, analog, wireless or digital telephones" while driving.

Both ordinances go to the Committee on Traffic Control and Safety.

When asked what he thought about Natarus's ordinance, Daley jokingly said, "We'll have to get him on camera."