Originally Posted by
BlackPeter
Always useful to read threads from the beginning - they went 9 years ago into Oregon and should by now know the American market like their back pocket and only worry about big enough containers to bring all the money they make home. Well, they don't. It feels they just hope for another government to create an environment which suits their NZ specific solution of road user charges.
Just wondering which US government that would be - I guess if Biden can't create the right environment to make this small New Zealand company flourish in the US, than Trump Mach 2 is unlikely to help.
Whom else other than one of these two do we expect to govern over the next 5 years in the states?
While I understand that it is hard to let go of losing investments (believe me, I have been there) ... it is harder to watch this relentless downtrend while holding them.
I used to be a holder 9 years ago and went out a long time (many years) ago after learning that the only thing they seem to be reliable and good at is in disappointing shareholders.
But hey, maybe Biden invests his political capital to put his full support behind road user charges in the flavour of a wee foreign company ... or maybe he supports much larger American companies doing the same thing. What are the odds? I guess collecting electronic road user charges is not exactly rocket science. And fleet management - there are plenty of larger, much more mature and better products around than Eroad's piggy back solution on top of their road user charge management.
Anyway - I wish holders that tomorrow same green Martians land on time square and only fly back if Eroad sells them a fully featured Eroad road user charges management system (Remember - 100% NZ). But to be honest I doubt it ... and I doubt as well that the US will embrace after 9 years of very limited success the E-Road system.
How much is the share worth? Well, as long as they put all their money without success into the US, probably nothing. If they confine themselves to the markets where they can make money (NZ and Australia), than a valuation of ten times PE might be appropriate (given that both markets are rather mature).
However - at the moment they lose money. Ouch!
Not sure what the point would be in valuing them based on sales revenue. This is not a fresh start up, this a is company with a long history of scratching along the bottom.
Anyway - GLTAH!