RedFlex is goin DOWN!


State of the opposition as of 25 February 2010

Note: My comments are in blue text.

We can win this!

Dear CameraFrauders, and lovers of constitutional government across the Republic.  I am more than pleased report to you that one of the major offenders of our constitutional rights and the right to due process, Redflex is in serious financial trouble. 

What does this mean? 

It means we are having a major effect on their ability to expand their racketeering efforts, and to even continue to operate here in the United States.   The most effective strategy to rid ourselves of this scam has been, and still is, to “starve the monster” by denying them revenue and the collection of citizen’s initiative signatures.  I believe because we present a very credible threat to this scam by using our constitutional authority they will be and are being forced to look for more controllable, compliant populations as is stated in their report.  Populations that are not in Arizona, or even in the U.S.

How do we deny them revenue?

The most effective way to deny them revenue is to take all measures (whatever they may be) to insure that as few tickets as possible can be issued, and that the ones that are issued are unenforceable, the ones that appear to be enforceable are not responded to in any way, and finally the ones that cannot be avoided are contested in court to the full extent of the law.

What do we need to do right away?

It is imperative that we strike now while the opposition is in a weakened state.  The jugular of Redflex is exposed; we can end this quickly if we act now. We need funds for advertising and signature collection events and we need it right away.

What can YOU do today?

DONATE, DONATE, AND DONATE! 

https://arizonacitizensagainstphotoradar.com/donate.asp

If ever there was a time when your generous contributions would be most effective it’s now, right now.

Come to every CF event you can… We’re in the home stretch folks… let’s not gas out now!

Excerpts from the REDFLEX FY2010 First Half Results 25 February 2010

Redflex has recorded revenue from operations of $65.08 million which is a 13.1% increase on the corresponding first half of the previous financial year.

Earnings before interest, tax, depreciation and amortization (EBITDA) were up 2.2% from $19.5 million to $19.9 million.

Read: “We didn’t make any more money even though our overall revenue went up”

The net profit before tax for the Group from operations was $4.29 million compared to the previous corresponding half-year profit of $6.10 million, a decrease of 29.7%.

Read: “We are bleeding money so fast that we can hardly keep the lights on”

The net profit after tax for the Group from operations was $2.86 million compared to the previous corresponding half-year after tax profit of $4.20 million, a decrease of 32.0%.

Read: “And after we pay our taxes, we’ve lost 1/3 of our business”

The increased revenue occurred despite a 10.1% adverse movement in the average AU$/US$ exchange rates between the comparative periods. The average AU$/US$ exchange rate for the half was 0.870 cents compared to 0.782 in the corresponding first half of FY2009.

Read: “Here’s some inane, distracting information that means absolutely nothing to the bottom line”

Redflex has maintained and enhanced its number one position in its industry over the past half year, with a record installation base in the USA and significant sales in key regions in the rest of the world.

Read: “We know it doesn’t mean much when we are hemorrhaging money but hey, we’re still number 1 in spite of it.” 

However, the business, particularly in the US, has become more difficult over recent years, and the results reflect the influence of a range of adverse issues and circumstances on the business, including:

Read: “CameraFraud and similar organizations are kicking our asses.”

 • the increase in the scope and cost of litigation against the company;

Read: “The suckers are getting wise and are starting to sue us.”

 • the adverse impact of a major program in the USA which is running at a loss;

Read: “We’re losing money in Arizona like crazy!”

 • the difficulty in collecting fines in some key jurisdictions, and the consequent effect on revenues;

Read: “Go figure…Americans don’t like to be lied to and robbed.”

 • adverse developments in legislation at state level;

Read: “Dang! my ass hurts…”

 • the rise of opposition from various groups opposed to photo enforcement, resulting in challenges to programs through citizen initiated referenda;

Read: “No, Really…CameraFraud is kicking our asses.”

 • the cost of a targeted public safety awareness campaign in the state of Arizona to highlight the dangers of speeding and the contribution of Redflex in that environment;

Read: “Selling this BS to intelligent people costs a lot of money, especially when CameraFraud is kicking our asses.”

 • the litigation action taken by Redflex Holdings Limited against the arranger of the Interactive

Telephony Partnership; and costs associated with the action which led to the changes to the board at the AGM.

Read: “There is no honor among thieves.”

 At the AGM in November 2009 shareholders voted to change the board with the election of three new nonexecutive directors. The new board has moved quickly to understand and assess the business and has set the following key parameters for the strategic direction of the group:

 • Reduction of risk in the business, particularly in the USA where Redflex currently assumes almost all of the risk of shared programs;

Read: “We need to make the cities and states take the risk so we don’t have to.  So what if elected officials lose their jobs over it.”

 • Maximising revenue from existing, new and renewed contracts;

Read: “We need to squeeze as much out of the remaining suckers as we can before we sink.”

 • Investigation of new sources of revenue from existing customers;

Read: “We need to find more new suckers.”

 • Improvement in the performance of the poorly performing state wide contract;

Read: “We could try to bribe more officials to change the rules, even if it’s against the law.”

 • Diversification of the business into lower risk collateral areas; and a specific focus on reducing the capital costs of camera systems through technology development.

Read: “Abandon Ship!  We need to get the hell out of Arizona, and maybe even the US altogether.”

The issues that have dominated the first half of the 2010 financial year are expected to continue in some measure for the remainder of the year.

Read: “CameraFraud is NOT going to stop kicking our asses so we should probably get used to it…”

There have been many initiatives taken already to improve on the poor performance of the Arizona statewide program, which should give rise to progressive and incremental improvement. Over time the collection rates on this program should rise to the average level achieved in Arizona, however that average rate in the State is significantly lower than in other states. There remains a risk that the contract could be terminated in July 2010.

Read: “ARE YOU LISTENING TO ME? CAMERAFRAUD IS KICKING OUR ASSES!”

 As has been experienced over prior years, there is no guarantee that all contracts will be renewed at completion of their base contract term. Some cities have decided not to continue, and we have experienced early shutdowns in two cities. This can result in write-downs where there are assets that are not fully amortised.

Read: “It sucks we still have payments to make on all this damn camera equipment, but the truth is, eventually some of the suckers get wise and kick us out, let’s just be glad that they still don’t tar and feather people.”

The rate of new contract signings has clearly decreased since a year ago. It is not clear at this stage whether this is driven by the economic environment, by the level of opposition, or by a slowdown in the rate of growth in the industry as a whole. However, Redflex’s rate of capture of new contracts is much greater than any of our competitors.

Read: “No, Really… We’re having real trouble selling this BS to people, but look on the bright side we’re not having as much trouble as the rest of the thieves.”

Revenue is expected to grow broadly in line with new installations planned, and efforts are under way to reduce risks to that revenue and improve margins, which are currently at low levels. A range of initiatives in technology and operations should reduce direct costs and give rise to some improvement in margins progressively.

Read: “Please, Pleeeeeeeaase don’t bail out on us now, I really need this job, I just built a new house, and my wife spends money like they’re monopoly bills!”

Outside of the United States, some of the larger projects are expected to be implemented progressively, both in the second half of the current financial year and into the next year. The Saudi Arabia and Ireland projects are key examples. Margins have generally held up well in these markets. In Australia, our relationships with state governments are good and we expect ongoing opportunities in most states.

Read: “So in conclusion… Let’s get the hell out of the United States.  There are not enough suckers to go around here, and besides these people are just plain mean.”

For further information:

Graham Davie

Chief Executive Officer

Redflex Holdings Limited

graham.davie@redflex.com.au

+61 3 9674 1715

 Ron Johnson

Chief Financial Officer

Redflex Holdings Limited

ron.johnson@redflex.com.au

+61 3 9674 1754

35 Responses to RedFlex is goin DOWN!

  1. Arthur H. says:

    Kudos to all of you who have stood up against photo enforcement and for allowing people like me to watch you fight the good fight via blogs, YouTube, etc.

    Too bad law enforcement agencies don’t have to answer to shareholders, think of the civil liberties we could earn back if they did!

  2. Sure says:

    We will be printig 10,000 fliers and distributing throughout Linda Gray’s district soon. We are making up the fliers now and will get them printed ASAP. We want people to know who their repressors are.

    • Brent says:

      I don’t think Linda Gray understood what she got herself into by ignorantly trying to push anti-constituent legislation that so blatantly is tied to the lobbyists of a foreign corporation..

      Linda, you have failed the people of Arizona who elected you and their will be consequences for you and your out of touch colleagues who keep taking us down this aniti-citizen path you’re writing.

      This is an election year, and the ramifications for all(fed and state) politicians who continue to not listen to the electorate will be so deafening…

    • kandaris says:

      You are AWESOME! Is there a meetup for the distribution of these yet?

  3. Haha this is the best earnings report analysis I’ve ever seen!
    Screw you Redflex!!

  4. JOKN says:

    I know that most people know that when you go into business you go to make money $$$$$$ not lose $$$$$$
    so no one really can say it’s about SAFETY Janet Napolitano makes Jimmy Carter look like a GENIUS (EVERY TIME I SAY HER NAME I GET THE SHIFERS)

    REDFLEX GET THE HELL OUT OF THE USA…..
    GO BACK WHERE YOU CAME FROM

  5. LoneWolf says:

    WooHoo! Let’s bring that ship down! I propose we get a list of every legislator across the country and send them a formal letter containing a fact sheet which would reveal the truth about the scam.

    Redflex is made up of sales people. Sales people use rebuttals and persistence to close a sale. We have tons of rebuttals ourselves and we need to put them out there for the legislators (and even governors) so they can use them against the garbage put forth by the Redflex sales people.

    The only way we’ll get rid of Redflex and its like, is to make it clear to them that the entire country stands by its constitution and no longer wants any part of this BS called photo enforcement. By doing so, we’d be rid of them once and for all.

    We can’t let up on them for 2 seconds so now is the time to give it all we got.

  6. A Watts says:

    Yes, lets ban all red light and speed cameras then watch our taxes go up as politicians complain that they don’t have revenue streams and cant balance a budget to save there lives, if only people were as passionate as getting rid of lousy politicians and enacting term limits maybe then this country would work.

    At least, these scameras give people jobs in the US. So once they go away, looks like more people on unemployment and welfare and who pays for that, all of us.

    No win situation for anyone.

    • LoneWolf says:

      Did you ever stop to think what these scameras are doing to our economy? Cops haven’t raised as much revenue as the scameras have so in a sense, it’s an extra tax to the citizens of this state. That’s extra money that could’ve been spent at our local businesses. For some, that extra money might’ve gone towards new clothes for a new job. 37 million in tickets could’ve been 37 million spent on 50 local businesses which in turn helps keep over 1,000 people employed. Imagine what effect 90 mil could’ve had on our economy if people actually paid all those tickets.

      The state budget is already a mess. Revenue from photo enforcement would count toward a very small percentage of income for the state, but as I mentioned, the scameras may be causing more harm than good. See for yourself where the money’s going:
      http://www.azcheckbook.com/index/statewide-spending

      • LoneWolf says:

        And I forgot to mention the fact that tourists from out of state may be avoiding Arizona because of photo enforcement. There has been a significant decline in accidents involving individuals with out-of-state licenses. Arizona also sold 200 mil less gallons of gasoline in FY 2009 compared to the previous 2 years. See that for yourself as well:
        http://www.azdot.gov/Inside_ADOT/fms/PDF/gasgals09.pdf

    • The Cameras Are Coming Down in Chicago too!!

    • You like the scameras because they employ people? Illegal drugs employ people. So do illegal immigrants (they employ coyotes). Thieves encourage people to get and maintain insurance, so they employ people. Guess we should just legalize drugs, illegal immigration, and stealing so we can all have more jobs?

    • Camera Hater says:

      Up yours Watts. By the same logic, you;d support Auschwitz. It DID create jobs for Germans. What a pitiful argument. I am reminded of “Blazing Saddles” and the “LaPetomane Throughway”…

  7. Alucard says:

    This analysis ought to be sent to Redflex and ATS to see what their opinion is. I very much enjoyed reading this report and analysis, and I hope we can look forward to more of these in the future — that is, until the companies sink like the Titanic…. 🙂

    • Camera Hater says:

      Very wise posts, Lone (as always)

      Actually the point about tourists staying away is very appropriate. I live in the North Korea of Planet Photo Enforcement (Victoria, Australia). We are finding that tourists are being chased off by the amazing greed of our photo enforcement. Not that the politicians would ever admit it… fine revenue dollars pay for their “expense accounts, bribes, mistresses, sex changes, etc…

      Damn! Even I feel like throwing a serious 180 when I see the threatening signs when I near my “home Gulag”… (or buying a ticket on the first plane out to the free world in San Fran, Honolulu, or LAX (yes, even with California’s financial issues ;-))

      Yes, well there’s also another answer for the Redfux issue. Why are they domiciled in the southern convict colonies? Becuase it’s fertile ground, just like Mogadishu or Medellin. I have referred to the extreme traffic enforcement in this joke of a jurisdiction as the “traffic Taliban”. And that desccribes it perfectly.

      Philosiphically, Australia has failed as an independent country, lapsing into Nanny State totalitarianism as soon as the “mother Country” (England) turned to “doggy do do” post WWII.

      Part of the reason Redflex, and nasty Stalinist clones like it can survive and prosper here is that Australia has ethically turned out very much like a failed state. Believe me, this scamera enterprise is far from the only one to prosper from the “convict mentality” of the Australian people.

      Nuff said. Victory to the 51st Staters. Time for Manifest Destiny to extend the border to the Indian Ocean. I am not alone.

      E Pluribis Unum

      One fine day ….

      -note: corrected “apposite” to be “appropriate” -kandaris

    • Mark S says:

      Could that fat, overweight security guard chase anyone without his little golf cart? I remember when I was doing security, I was always on foot. I had to be able to run at least a mile. I was actually able to run faster than the carts that were in use. I guess he would use his golf cart and run you over if you went on to the business grounds.

  8. Wayne says:

    Unfortunately, the virus is spreading to smaller communities like Sierra Vista, Arizona where the City Council has agreed to set up red light cameras. The people here are somewhat more naive and law-abiding than most and will succumb to the pressure to pay the tickets without contest. If anyone knows how to “wake-up” the local populace, please help me. Thanks.

    • Sure says:

      Wayne, Have you been over to the message board?

      20 reasons to oppose photo radar:

      CameraFRAUD.com

      Phoenix, AZ
      1,121 Volunteers

      Welcome to CameraFRAUD. We are united in our effort to get rid of every speed camera, red light camera, and photo radar van here in Arizona and across the country. We were suc…

      Check out this Meetup Group →

    • B says:

      That’s another problem with these systems that they never address: These systems ultimately shake the faith people have in their governments… One of Jay Heiler’s big arguments is that it will keep teenagers from hurting themselves and “keep them safe”, but he never talks about the negative side effects… How teenagers will learn to hate the oppression, and they will never learn to behave on their own because they won’t have the agency they need to make the right choices, which will ultimately make them less mature and intelligent citizens (and make them more malleable to government persuasion, but that’s going down tin foil hat alley a little too far for my point here.)

  9. Sure says:

    Tempe Protest Photos:

    CameraFRAUD.com

    Phoenix, AZ
    1,121 Volunteers

    Welcome to CameraFRAUD. We are united in our effort to get rid of every speed camera, red light camera, and photo radar van here in Arizona and across the country. We were suc…

    Check out this Meetup Group →

  10. Steve says:

    You got it right when you talk about these systems shaking the people’s faith in their government and about taking away everyone’s agency. It’s not just about the money. In addition to our money, they want to take away our inalienable rights too.

    The most lame arguement I’ve heard in favor of photo radar involves the state’s need for the money. They might just as well hire people to go around, taking our money from us at gun-point and of course, passing the necessary laws in advance to legalize that (I knew there had to be a reason why they wanted to take away our guns). If they’re going to violate our rights, at least they should be clear with us about what they’re doing and why. To mask their actions in this lie about needing to increase safety is especially insidious. This photo radar thing is nothing less than the beginning of a coup against our rights as a free people in a free country. Our entire democracy is at risk.

    • kandaris says:

      It seems that at least you get why this is really a much bigger issue than it appears. I only wish a LOT more people would wake up to that fact.

    • kandaris says:

      Looking at the two year span in the chart below shows pretty much a steady decline trend since the beginning of 2009.

  11. oh boy says:

    Redflex is going down! I mean REALLY. All one has to do is look at their stock prices for the last few months to tell what is going on. May not be long before these stocks become “PENNY STOCKS”. Hee Hee Hee. Hee Hee Hee.

  12. Joe Allen says:

    Here in Australia we are beginning to fight the illegal confiscation of our money and rights as citizens who drive automobiles. This is being led by the Labor party, who seek to impose dictatorial government on all Australian citizens. I am glad to see this company losing money in the US. Here in Oz we have no vote on the installation of these thief machines. The Oz state governments, all except 1 state run by Labor, have few scruples, and have resorted to lies here in Oz to justify stealing your money. They alter the yellow lights, they hide on nature strips illegally, they even take pictures of cars going through green lights and fine them. The American system is so much better in that Americans can vote down these thieves and send them packing.

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