@GazD I have been a latecomer to this party and I agree with @Strawman that it is a "nice simple business" (the best kind for me). My main question is the lack of moat - surely its a low barrier to entry. But that said, I am happy to let the numbers do the talking.
@Strawman it would be great to get Paul back, and to get his read on the UK regulatory environment (and also if they see a way back in QLD). In the UK, the new government has a lot on its hands, and I don't think parking reforms will feature very high on the agenda. (But, I could be wrong, as Labour is focused on delivering value to "working people" and a reduction in parking penalties could be a "quick win" to deliver some feel good here and reduce some of the "heavy hand".)
My RL position on this one is a "starter pack" as I want to get a better view of the 3-5 year outlook. But I agree that it is promising and no doubt my caution means I am foregoing a lot of the early upside.