RDF 0.00% 95.8¢ redflex holdings limited

new contract-2.3 million, page-11

  1. 3,701 Posts.
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    re: big news from chicago Tootils
    When RDF sign the contract for Chicago there are no upfront or setup costs. No costs are incurred until RDF start to do the physical installations which hopefully wll be in July. The capital costs will then be depreciated over 5 years for profit results

    As for financing for Chicago I do not believe this will be a problem. Given that one of ACS's major advantages was there very large cash resources then RDF must have presented a very credible plan as too how they would finance the roll out for Chicago

    As for ongoing profitabilty, then RDF will be highly profitable next year and each year there after. As for this year it will be line ball. RDF is currently producing increasing monthly profits as they add to their install base each month and this trend will continue

    RDF is very much a buy and hold stock and is really not suited to the short term focused readers on this forum

 
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