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In reply to: crookers on Thursday 19/01/06 07:22am

Feedback from the meeting and presentations in Melbourne, Tuesday, was that Finley and Rosenberg are running a mature, sophisticated operation - created, of course, by Bruce Higgins. The funds and shareholders at the meeting came away with a great deal of confidence about the future of the company.


If a similar impression was conveyed at the individual fund and broker presentations, earlier in the day, then the rise in Citigroup's projections looks very reasonable. Maybe Citigroup even learned about Speed!


Regards, Ciabatta

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In reply to: crookers on Thursday 19/01/06 07:22am

Think you will find the bounce resulted from Citigroup lifting their target to $3.67


Yup - I'm sure you're right. But that's FA - my comments were TA... http://www.sharescene.com/html/emoticons/devilsmiley.gif


Same end result - different means of getting there... http://www.sharescene.com/html/emoticons/wink.gif



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Citigroup actually state in there report that speed was not factored in!!!! So how the hell could they upgrade the price unless they were told other information that is not public domain!!! As there is nothing new out there for them to upgrade!!


All very suspicious if you ask me!

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In reply to: stoss69 on Thursday 19/01/06 09:37am

One of the things that has become apparent is a bit of a change in what the actual market represents in terms of city size. RDF have considered a city size as 10,000 inhabitants and above for their prime market target of which they have identified some 3000 in the US. However they are finding city size down to 5000 and above as a very rewarding target market and if you observe many of the recent contracts that is exactly where they have been getting success. The number of cities at this size virtually triples the number of cities as the target market.


But possibly the potential of speed has excited the Citigroup people despite acknowledging it is not a factor in their current Sp predictions, for in Eurpoe which is regarded as a mature market 85% of all infringements (speed and redlight) are related to speed. In the US currently less than 5% of infringements are speed based. The transition to higher speed infringement numbers will come, and perhaps with a rush.


The other item to probably interest them is the liklihood that the Speed detection on Loop 101 due for commencement in Feb only relates to that portion of this freeway near Scottsdale. Apparently adjacent counties are showing considerable interest in the project and are likely to also request RDF to install speed detection equipment on their parts of Loop 101.


And I hear of a very strong rumour that have been invited to install a trial system in Ireland.


So things on the move and room IMO for some optimism. The footprint created by Bruce Higgins in the US was considerable but looks like the new team is about to take the next step.





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In reply to: stoss69 on Thursday 19/01/06 08:37am

stoss I'm also at a loss to see what positive changes have happened in the last few months to warrant this Citigroup about face.


All we've seen is the loss of BH and more very serious problems in Comms. How can these be positives?, the Comms disaster alone has not been quantified (at least to shareholders) and I would imagine could quite likely involve serious write offs and if that happened this years result will be pretty bad. All the other facts are as they were 6 or more months ago. About the only thing that has changed is that the Melbourne 'snow' machine has been wound up a few notches.


To have a briefing purely about RTS without any mention of the Comms disaster is pretty ludicrous, bit like "if we don't mention Comms it will magically disappear"

Of course the company line to anyone who asked would be that the 'discussions' with Lockheed Martin over the failed contract preclude them from saying anything. The same line has been used in different ways by the individuals involved for the last 2 years to cover up the very unpalatable facts about Comms and the management thereof and hide the information from shareholders. Apparently the word now is that Comms is back on the market, you could ask what market is there for a failed division such as this?

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In reply to: elleburra on Thursday 19/01/06 11:25am

Apparently the word now is that Comms is back on the market, you could ask what market is there for a failed division such as this? 


True. It needs to be closed because after they review all options we are likely to be told " after reviewing all strategic options we have decided that no appropiate price will be achieved and to retain the business"


In other words. I want to keep my job and no one else is pre-pared to pay even $1 for the shit heap.


The write downs on the contract loss, after they have doubled staff, hopefully, will be taken this full year.

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As allways, the Market has the final say.


Buy volume shot up yesterday and is still going up.

Got in this morning.


A possible T/O in the air ??

Or the sale of Comms closer than you think??


Something is obviously going on that the average trader/investor isn't aware of - yet.


Have read your recent posts but was buying purely on T/A.

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In reply to: roddombo on Thursday 19/01/06 12:50pm

All staff that were employed for the LM contract were indeed on contract and were terminated as soon as the contract was lost. This news was available at the AGM last year.


Some more strength again today perhaps as a consequence of the Sydney presentations today. Liking what they hear?



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Just in case you think speed camera technology is infallible:




SPEED camera operators have apologised to a Wiltshire farmer after they

tried to fine him for doing 85mph in a tractor, it emerged yesterday.


Steve Crossman was puzzled when he received a ticket saying he had been

snapped by a camera in Wales. But he was even more surprised when he

realised that he was being fined for speeding.


With a top speed of 26mph it would take Mr Crossman's tractor more than four

hours to cover the distance from his farm in Horningsham to Abergarwed,

south Wales where the offence took place. The Mid and South Wales Safety

Camera Partnership admitted that they had misread a letter on the

registration plate on the film and had got the wrong vehicle. They

apologised and retracted the ticket.


Mr Crossman said: "It's a good tractor, but not that good."




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