Thoughts on Smart Parking (SPZ)
"Hello and thank you for all the insights. – What’s your take on Smart Parking (SPZ) as a 6–12 month position, especially when the stock dips below $0.85?
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Answer
Hi Michael,
For subscribers not familiar with Smart Parking (SPZ) its a $350mn Victorian-based business which is behind the easier parking we all enjoy today:
- Their sensors & cameras tell us if parking spots are occupied or empty and how many spaces are available on individual floors.
- Drivers can access apps to view available parking spots, reserve spaces, receive navigation assistance, and make cashless payments – we use in our new offices today.
- Sensors communicate occupancy data to centralised platforms, enabling real-time monitoring and management.
- Collected data is analysed to understand parking patterns, predict peak usage times, and optimise space utilisation.
The smart parking market is expanding rapidly worldwide, with SPZ currently operating in Australia, NZ, Germany, Denmark and the US where it acquired Texas-based Peak Parking, marking their entry into the U.S. market.
- We like SPZ as a high-risk growth stock with an exciting runway ahead of the business while it can remain at the forefront of the respective technology.
