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SPZ - Smart Parking

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Re: CPZ - Car Parking Technologies

Interesting company with some genious behind it (Morris). Everything seems ok with their growth goals. Management alway refers to the industry as 'highly competitive' and I am not sure of the futute profitability of the company. The market is pricing in either crazy growth of high future return on equity. Any thoughts on this one?
 
On July 1st, 2013, Car Parking Technologies Limited (CPZ) changed its name to Smart Parking Limited (SPZ).
 
Has been awarded a few contracts recently and it appears their products are beginning to enter the broader market.

Came to my attention because of the rounding bottom chart.

Cheers
Country Lad

spz 26 Oct 13.gif
 
Have followed this company for a while, Chris Morris on the board caught my attention, share price rose nicely after some good announcements and has now pulled back. I like the UK holdings from Town and City Parking. Can grow more but is in a very competitive environment.









Disc: Hold small speculative parcel. Not a professional advisor. DYOR.
 
Blade Runner said:
Have followed this company for a while, Chris Morris on the board caught my attention, share price rose nicely after some good announcements and has now pulled back. I like the UK holdings from Town and City Parking. Can grow more but is in a very competitive environment.
Click to expand...

Me too, but until they actually show some fundamental improvement in their financials I would only consider them a wild speccy. Their current numbers are awful, frankly.
 
Smart Parking broke through 25c on 23 February and hasn't looked back since.

They released a Goldman Sachs Small and Mid-Cap Conference 2018 presentation today that looks pretty impressive. The company has specialist propreitary technology and software that has the potential to be adopted globally. Could be a bit of a dark horse this one.

big.chart.SPZ.gif
 
So_Cynical said:
I sold out at 48c last week after holding for about 2 years, i have a feeling i may come to regret it.
Click to expand...
Not sure you're going to regret it today. Smart Parking has driven off a cliff.

The company has announced this morning that it has terminated the employment of both the UK Managing
Director and Finance Director following an internal audit and review process which revealed breaches by its UK management team of the Board's corporate policies.

The company also said that poor weather conditions in the UK have continued to adversely affect the use of Smart Parking UK's car parks and the issuance of parking breach notices in Q3 FY2018. April trading has also seen an impact due to delays in the roll out and go live process of new sites. Given the combined effect of these factors, the Board expects that issuance of breach notices is likely to be impacted in Q4 by approximately 25%.

This news did not go over well with the market. The SPZ share price is currently down a massive 50% to 22.5c. Ouch! :(
 
The SPZ share price has a habit of jumping around, the ann isn't that bad and at its core this is a good business with potential, tempted to jump back in as historically buying the SPZ lows has been profitable..ill bang up a chart later.
 
So_Cynical said:
The SPZ share price has a habit of jumping around, the ann isn't that bad and at its core this is a good business with potential, tempted to jump back in as historically buying the SPZ lows has been profitable..ill bang up a chart later.
Click to expand...
Well, it's climbed back from a low of 20c to be currently trading at 28c, so perhaps you're right. It seems like the sell off was a bit of an overreaction. I did think this one had a lot of potential and was a little surprised at how hard it was dumped today.

I look forward to your chart.
 
greggles said:
I look forward to your chart.
Click to expand...

I held this for over 2 years watching it bounce back every single time it fell hard, it comes back all the time, panic selling would take the price down and the contrarians and value punters and investors would take it back up, Smart Parking have a very smart product and its very easy to see the global applications for it.

Got to love how the bottom line is so consistent, with today's fall to 20c (intra day) thats 7 times that support line has been touched and bounced off.
~
SPZ3.JPG
 
Good call So_Cynical. Smart Parking is currently trading at 33c. Anyone who managed to get in yesterday in the early 20s has made out like a bandit. These kind of huge sell offs can present great trading opportunities if you can time it well and not get caught up in a company that tanks and ends up being a terminal case.

In the case of Smart Parking, it was a sell off that was drastically overdone, although it's sometimes difficult to see this while it's all happening but much easier in retrospect. I suppose the lesson to be learned is: if you've done your research and understand a company well enough, it makes it easier to grasp the potential impact a negative announcement may have on their operations. Traders aren't interested in this and that's why sell offs can go overboard so easily.
 
greggles said:
I suppose the lesson to be learned is: if you've done your research and understand a company well enough, it makes it easier to grasp the potential impact a negative announcement may have on their operations. Traders aren't interested in this and that's why sell offs can go overboard so easily.
Click to expand...

This is very accurate greggles, traders trade price action, it is possible to "know" a stock and thus predict price movement with a high level of confidence and a reasonable level of accuracy.
 
I took my eye off SPZ and it has cratered again, reaching a low of 17c a few days ago. I note that a couple of funds have been offloading shares during May and June which could account for a lot of the selling.

It looks like it's starting to turn back up again. You still interested in Smart Parking @So_Cynical?

big.chart-SPZ.gif
 
I took my eye off it as well, some large volume - im fully invested again anyway.
 
@Lone Wolf

I noticed the improving daily chart with the 1st higher low and subsequent BO. I'm interested.
I see the huge price dump (0.50 -> 0.25) and I'm almost happy to pass on it.
BUT I decide to read why the price dumped so hard. Just for interest.

I read that the poor earnings and delayed roll out of their tech system was due to bad weather. For me that's a delay but nothing wrong with the business or management. This business delay was also reported with the dismissal of the two top executives (CEO, CFO) in the UK for unprofessional conduct. I can understand why sellers thumped the price down hard, but did they go overboard? Not really, because price fell further soon after.

The business and share price are now back to where they were at the beginning of the year (2018) before the huge move from 0.25-> 0.55. I'm thinking that if this is so, then there's potential to see the same move again. The outlook for the business should be the same, although I don't expect the price swing to be as quick as last time.

Price only has to get back to 0.30 - 0.35 and I'll be happy with that. I've not overlooked that this trade is a reversal opportunity and that means risky but could pay-off well.

IMO investors are running around trying to find acceptable "value" opportunities and this may be one.
 

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