ERD - ERoad. (Transport sector technology)

[Leftfield]

Nice little ride lately, finally picked a stock at the bottom of a dip!

Congrats! Price chart looks attractive, however fundamentals make it look expensive. Would you care to share what you like about the company's prospects.

[kiwi_crusader]

Heard a rumor from a mates mate from the U.S that there is a lot of interest going on in the states about this product in the transport industry and with the new laws regarding Electronic logging device's this year, sales are about to explode.

[freebee]

Yes the ELD is a very good product from Eroad. The big question is will they get good market penetration in the US. With all of the political talk about USA made products getting preference, there could be some hoops to jump through if a good locally produced ELD comes to the market in next few months. ERD has massive market share in NZ but for the SP to rise long term, they have to nail that USA market. I like ERD, have sold recently on small upswing, watching with interest...

[Leftfield]

Thanks for sharing and good luck to holders. Watching with interest.

[bullfrog]

Been watching this company for a while. I understand their business model, and believe they are executing it competently, and note they are building relationships with their user base = loyalty. The only worry is whether they have the right management team to handle what hopefully will be exponential growth in the US. As a shareholder I'm watching their growth strategy very closely, with fingers crossed.

[Pricey]

According to management sales have meant to have exploded ever since their IPO - this company has consistently underperformed. What has changed since January 23 to justify a 34% increase in price??? There has been no update to prove they are executing according to their (revised down, revised down, revised down) plan. B. Graham's lesson about not investing in a company expanding into new markets until it proves it can successfully replicate its strategy, has saved me a lot of money on this one. I'm still interested, just don't have confidence in it yet.

[freebee]

A couple of naughty boys at Eroad, no reflection at all on this good company but not the headline management want to see.

http://www.nzherald.co.nz/business/n...ectid=11814891

[kiwi_crusader]

With over 30 million trucks and buses in the the U.S and at $30/month for an Eroad device, that's a lot of $000's even if 1% of the market goes with Eroad.

http://www.eroad.com/us/landing/eld/

http://www.trucking.org/News_and_Inf...stry_Data.aspx

[Hectorplains]

With over 30 million trucks and buses in the the U.S and at $30/month for an Eroad device, that's a lot of $000's even if 1% of the market goes with Eroad.

http://www.eroad.com/us/landing/eld/

http://www.trucking.org/News_and_Inf...stry_Data.aspx

So far they've have cornered 0.0003% of that market. They reported Mar to Ded sales of just under 1200 'total units' - a respectable sounding 26% increase. Until you attach the approximate dollar value of those sales. NZ plans range from $12 to $72 a month.

[itm]

https://www.nzx.com/companies/ERD/announcements/300208

Published yesterday afternoon. Strategic timing for bad news?

30% growth in total contracted units since last year, but "is likely to post, for its full financial year, a loss larger than the prior year". Some of it is due to changes in accounting estimates.

One guess as to the direction of the share price in the short-medium term...