Summary
The fund managers believe that Acusensus Ltd presents a compelling investment opportunity due to its innovative technology and strong market positioning. In their opinion, the company's ability to leverage data analytics for enhanced decision-making will drive significant growth. They highlight the potential for increased revenue streams through strategic partnerships and expanding market share. Additionally, the fund managers note the importance of Acusensus's focus on sustainability and regulatory compliance, which aligns with current market trends and investor preferences. They express confidence in the management team’s track record and their commitment to delivering shareholder value. Overall, the fund managers are optimistic about Acusensus Ltd's future performance and view it as a solid addition to a diversified portfolio.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Source: Trading View
Commentary From The Managers
Cyan Investment Management
31 Jan 2025
$1.23
Summary
- Acusensus Ltd. has seen significant market movement, with shares increasing by 11% following recent contract wins.
- Cyan Investment Management notes that the market is starting to digest these large contract agreements.
- The recent Quarterly Update from Acusensus reported steadily improving revenues.
- Further contract wins were announced, which had not been previously disclosed.
- Although Acusensus has yet to officially upgrade its FY25 guidance, current market expectations appear to be very conservative.
- Cyan Investment Management continues to hold a positive view based on the recent developments surrounding Acusensus.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
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Commentary From The Managers
Cyan Investment Management
31 Jan 2025
$1.23
- Acusensus Ltd. has seen significant market movement, with shares increasing by 11% following recent contract wins.
- Cyan Investment Management notes that the market is starting to digest these large contract agreements.
- The recent Quarterly Update from Acusensus reported steadily improving revenues.
- Further contract wins were announced, which had not been previously disclosed.
- Although Acusensus has yet to officially upgrade its FY25 guidance, current market expectations appear to be very conservative.
- Cyan Investment Management continues to hold a positive view based on the recent developments surrounding Acusensus.
Summary
Cyan Investment Management
31 Dec 2024
$1.11
- Cyan Investment Management is optimistic about Acusensus Ltd's recent achievements.
- The company secured a nationwide speed camera supplier agreement in New Zealand valued at nearly NZ$100m.
- Additionally, Acusensus expanded its existing mobile phone and seatbelt contract in QLD worth A$27m.
- To finance these contracts, Acusensus raised A$10m through an Institutional Placement at $0.90, with participation from Cyan C3G Fund.
- The company also completed an additional A$2m in an SPP.
- Despite a 20% increase in stock price to $1.11, Cyan Investment Management notes that market reactions could be stronger given the company's modest $150m market cap and a net cash balance of approximately $30m.
Summary
Ellerston Capital
31 Dec 2024
$1.11
- Acusensus (ACE AU) closed the month up 23.3%.
- ACE announced successful application for nation-wide mobile speed camera enforcement in New Zealand.
- This contract is valued at up to NZ$92m over an initial 5 year term, with options for two additional years.
- Queensland Department of Transport and Main Roads expanded its contract, doubling the number of trailers for mobile phone and seatbelt enforcement.
- This contract variation is expected to add around A$27.4m in revenue over the initial 5 year term.
- Contract roll-out is scheduled over the coming 18 months.
- Accompanying these wins, there was a capital injection for business development, fixed assets, product innovation, and working capital.
- Ellerston Capital continues to hold because of these significant contract wins and revenue growth prospects.
Summary
Cyan Investment Management
29 Feb 2024
$0.82
- Acusensus Ltd (ACE) specializes in smart traffic camera technology, focusing on detecting and capturing evidence related to speeding, seatbelt non-compliance, and mobile phone use.
- The company has seen strong success in the Australian market and is actively expanding into international markets including the US, UK, and Europe.
- Forecast revenues for FY24 are projected at $50 million, indicating significant growth potential.
- A strong 1H24 result was positively received by the market, leading to a stock increase of 37% at one point.
- A recent disappointment occurred with a failed contract in the Netherlands, which surprised the market and led to a reduction in stock value.
- Despite recent setbacks, Cyan Investment Management believes that Acusensus will achieve significant success in offshore markets and remains committed to maintaining their investment position.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Frequently Asked Questions
Who has invested in Acusensus Ltd (ASX:ACE)?
Fund managers including Cyan Investment Management and Ellerston Capital have invested in Acusensus Ltd (ASX:ACE).
Why have investment managers invested in Acusensus Ltd (ASX:ACE)?
Fund managers are investing in Acusensus Ltd due to its strong market position and growth potential in the smart traffic camera sector. The company has successfully established itself in Australia and is expanding into international markets, including the US, UK, and Europe, with projected revenues of $50 million for FY24. Recent contract wins, such as a significant nationwide speed camera agreement in New Zealand valued at nearly NZ$100 million and an expansion of existing contracts in Queensland, have further solidified confidence in its future earnings. Despite some setbacks, including an unexpected loss of a contract in the Netherlands, fund managers remain optimistic about Acusensus's ability to capitalize on its offshore opportunities and continue to grow. The company's healthy cash position and improving revenue trends have also contributed to a favorable outlook, making it an attractive investment for fund managers.
What happened to Acusensus Ltd (ASX:ACE)?
There have been no recent updates from fund managers regarding Acusensus Ltd although fund managers including Cyan Investment Management and Ellerston Capital have previously commented.