Yes, I completely agree with you…that’s why I’m looking at it so hard, I don’t believe (I could easily be wrong) that they would put their hands up to end up holding something they couldn’t offload or would take a hiding doing so? Thoughts?
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Might be of interest...interview with Mark Heine.
An interview with Mark Heine, EROAD CEO - New Zealand Shareholders' Association (nzshareholders.co.nz)
Will be an interesting to see where this one goes over next couple of days…see if whoever is purchasing continues…or let’s some doubt turn into selling liquidity
Someone is still buying these up? Why?
They are only break even, no dividend, be better to wait until see how next report shapes up?
Strange no-one has commented upon the Business Desk article yesterday regarding the Governments stated intention via the National/Act coalition agreement to implement universal road user charges, and the role ERD could play in future. Perhaps someone with better skills than me can post a link.
RUCs are already to apply to another 100k of electric and hybrid vehicles from 1 April 2024, but the Minister of Transport is acknowledging that all vehicles are eventually to be moved to an electronic system for RUCs.
Not a "market mover" circumstance for ERD just now but depending upon the solutions ultimately required offers potential for future involvement.