Smart Parking (SPZ) are due to release FY23 results on Monday.
While there should be no surprises to the market (as the market is updated with quarterly results) I find the growth profile of SPZ quite compelling.
Expect FY23 Rev of at least $43.5M+ (3Q23 $32.5M cumulative) which equates to a 2 year compound growth of 45%.
Sites and breach notices have been growing at +30% over the previous year.
Will be looking for meaningful growth in Germany and some update on the Queensland regulatory issues.
Share price appears significantly undervalued for the growth achieved and outlook. Possibly some hesitation due to regulatory risk?
Will update valuation following release of results.
Heard on ABC radio this morning that the Qld Government will from next week prevent companies from access to private registration details of vehicle owners.
No announcement from SPZ though.