Thanks @mikebrisy this makes a lot of sense to me, kind of equivalent to the alway we use p values in medical trials to assign a probability than outcome has occurred by chance. Fascinating and valuable as ever to get your thoughts.

@GazD @mikebrisy I suspect you are right and it's a larger Fund elegantly trying to build a position in an illiquid microcap. The only fundamental reason I can think of is perhaps Queensland Liberals will be more favourable to business and repeal the ban put in place on ANPR charges but I don't believe they have put forward proposals leading up to the election.

@Wini does it need to be discrete catalyst for fundie jnterest (eg regulatory change) or could it just be the growing track record of profitable growth?

Based on the mantra used for some time now by the Qld LNP, it will be at least 100 days before there's any inkling about possible changes to charges on ANPR and i think they have bigger fish to fry for some time after that 100 days before they move onto other (smaller) business. Besides having been in exile for 10 years, they will have some serious catching up to do on policy making and decision making, I.e. stuff you don't have to do in opposition.And they will be watched closely for any changes to current charges or taxes for the rank & file. IMHO of course!!

To that point, @Wini @GazD @mikebrisy and others, what do you think the additional revenue could look like if $SPZ could charge a fee for automatic number plate recognition?

I haven’t looked at Queensland specifically with regards ANPR @lowway As I saw it as dead in the water but my understanding would be that they might start to build out their sites again as they are internationally… not a big part of my thesis.

Did find this interesting titbit online though… core of it is that Rockhampton council has introduced ANPR for council use and will issue parking fines based on same… Not sure that this is much different from what SPZ would be doing unless government wants to draw an arbitrary line between public and private.

https://www.rockhamptonregion.qld.gov.au/AboutCouncil/News-and-announcements/Latest-News/Council-goes-digital-with-smart-parking-technology

@lowway I’m not sure I’ve understood the question correctly, as $SPZ’s QLD was mainly from PBNs.

In FY22 before the “ban” QLD had 38 sites, delivering $402k revenue from about 15k PBNs.

That makes c. $10k per site … of course probably higher because not all sites operating for the full year, so looking at the growth profile more like $13k per site.

$SPZ said that there are c. 2000 ANPR potential sites in QLD. So that’s a PBN market opportunity of the order of $26m.

If a re-entry to QLD could capture 10% of sites then the revenue potential is c. $3m.

But I think you were asking a different question, driving revenue off the ANPR technology. I haven’t figured out how to estimate that.

Living in QLD I fear the world has moved on. In Brisbane all the council car parks I use have implemented the Cellopark app integrated with ANPR technology. All car parking spaces at UQ use Cellopark without ANPR.

Other smaller private car parks (like our local Woollies) have ANPR tech with 2 hr free followed by charges per hour. A week ago my wife’s car broke down and spent the night there, paying $70 for the privilege. Not a PBN, strictly, but the fee for staying as long as she did.

So I wonder whether $SPZ has missed the boat now in QLD. The rollout of carpark tech in the state over the last 2 years has been very noticeable.

Not sure.