TTI - Fair Value, page-2

Near term areas of growth for the company is it's roll out of LED road and tunnel lighting, of which only a small portion of lights have been converted from halogen lighting (10% Australia). Once converted these lights will need maintaining which will lead to a recurring income that should provide a stable base income.

TTI is also looking to increase market share in smart city technology, providing traffic controllers, street lights and traffic signals that are compatible with SCATS technology. I can see that they are trialling SCATS traffic control system in the UK and Hong Kong, but it would be great to know what this means, is this an uptake of all smart tech in TTI's suite, or is it just the traffic controllers and sensors? SCATS is in use globally and as Exports are necessary to sustain revenue growth going forwards it would be good to know what percentage of revenue is being derived from exports and SCATS uptake.

With increasing market share, hopefully NPAT should increase, alongside of debt paydown, with debt at previous levels requiring 1.5m per annum in payments.

From what I can determine going over the stock history is that the slowdown and/or sale of various other service related components of the company could have masked the potential revenue growth story from street lighting and exports. If this is true then a breakout in revenue from ~50 mill should occur and revenue continue to increase year on year.

Alongside of this TTI is moving into the IOT space, which may provide further future proofing for revenues. Would like to know more about this TST system as couldn't find much.