Forum Archive Index - September 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi mvanv,

>
>
>has anyone got any thoughts about this company
>seems like a good idea 
>not so sure about forecast earning
> 
>

I haven't studied this company in a financial sense, but I am happy 
to offer 'my consumer on the ground' view.  The principal show-piece 
for the 'connexionz' technology is the 'Bus Exchange' centre in 
Christchurch.  There are large electronic boards up that give you a 
countdown time before the next bus arrives to depart to any  
destination you want to go.

Here it works very well.  Particularly where you have traffic 
congestion the buses that move across town do have trouble adhering 
to timetables and this is just the sort of back up information you 
need to have confidence in the public transport system.  I'm not sure 
how far the expansion plans for Christchurch go.   The system is 
installed at the Christchurch Airport but I have seen it down on one 
of the critical occasions I wanted to use it!  My fear would be that 
any serious expansion of the customer display units to bus stops 
might be threatened by vandalism.  Perhaps to get around this the 
sort of thing there could be an opportunity for a patnership 
arrangement with the new generation of cell phones.  In other words, 
dial a number and see exactly how far away the next bus is.  

There is competition.  I believe there are overseas outfits marketing
 similar packages.   This can be both a good  (raises the awareness 
of such systems worldwide) and a bad (it means you must overcome the 
competition) thing.   And just because a package is technically 
successful, it doesn't mean it will be financially successful.  Also 
it always seems to take longer for people to adopt such technology 
than the gung ho founders of such things think ( for example Mooring 
Systems ).  Nevertheless I wish this float well.

I won't be investing in it, but that is because I have a policy of 
not investing in start ups at all, not because of any lack of 
confidence in the company or its people.  It is certainly one of 
those shares that I will be keeping an eye on.  HTH

SNOOPY


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