SPZ - Smart Parking

[peter2]

Hey @Knobby22 , guess what I didn't do?

Being a dick for a tick.

 

[Knobby22]

Hey @Knobby22 , guess what I didn't do?

View attachment 170909

Being a dick for a tick.

And there wasn't enough volume to be accepted for the yearly pick. Would have put me right up there!

 

[Knobby22]

Taking over another company. Big jump in price. Getting a bit hot.

 

[galumay]

Dont get the love? Massive regulatory risk with the UK. There is an ongoing enquiry into the predatory practices of slime bags like SPZ and a range of recommendations, up to one that would basically wipe out their UK operations. They basically cant operate in most states in Australia because their practices are banned. A hard pass for me.

 

[Knobby22]

Latest results are excellent in all European markets and New Zealand - except Australia - Queensland.
Regulatory problems probably related to the election and the local press. Any banana benders know something?

In Australia, the Queensland government continued its temporary pause on private parking operators’ access to theQueensland Motor Vehicle Register. On 10th August 2023, the Queensland Department of Transport and Main Roads releaseda consultation document seeking comments and submissions on options to reform the release of personal information forenforcement of private car park conditions. At the date of the pause in operations, 71 ANPR sites were installed inQueensland. Some sites are now manually operated, pending the outcome of the government decision.Since the consultation there was a change in December 2023 with a new Premier and Transport Minister being appointed whoare positively disposed towards the need for an effective parking industry due to the impact parking abuse has on Queenslandbusinesses. Smart Parking continues to engage in positive dialogue with the Queensland Government and Department ofTransport and Main Roads (TMR). TMR is currently completing a review, working with stakeholders (including Smart Parking)and international parking experts to develop a Code of Practice for parking on private land.

 

[Knobby22]

Massive jump today. Wish I had of been allowed to pick them as my yearly pick. Wish I owned more of them.

 

[Knobby22]

Trying for year pick this year 2025.
You can see the car parking company taking over the whole business in Melbourne.
They are doing similar in the UK and at the very least shouldbe able top consolidate of be taken over some time in the future.
Price keeps rising. Chart is fantastic.

 

[Dona Ferentes]

SPZ Zis set to launch a capital raising to fund its acquisition of an Austin-based boutique parking operator.

The $339 million market cap companyis looking to raise $35 million in a fully underwritten institutional placement and an entitlement offer, telling investors its US expansion strategy will deliver a decade of growth and optionality

 

[Knobby22]

SPZ Zis set to launch a capital raising to fund its acquisition of an Austin-based boutique parking operator.

The $339 million market cap companyis looking to raise $35 million in a fully underwritten institutional placement and an entitlement offer, telling investors its US expansion strategy will deliver a decade of growth and optionality

Yes, I am taking up my small entitlement.
Pretty confident on this one.