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| The Pub For General Automotive Related Talk |
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22-04-2020, 06:02 PM
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FF.Com.Au Hardcore
Join Date: Jun 2010
Location: Melbourne
Posts: 1,772
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Redflex shares have dived due to covid-19 because there are not as many people on the road the revenue from the cameras has dropped.
Some of their contracts are based on how many motorists are booked. I haven't been booked by a camera for over 15 years and I hope they fall into oblivion. The Politicians are so far in bed with this company it is not funny making it near impossible to challenge a camera fine unless you have very deep pockets. The Politicans and Departments defend these systems to the death, a former CEO in the USA did time for bribery to land a contract, a heap of their Cameras were removed and fines returned in the USA as the Cameras were not FCC compliant. There are a couple of streets near where I live that do not have a nature strip so the camera operators park on the footpath making it difficult to walk past. |
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Redflex shares drop.
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