Even with most of the world currently parked at home, PKD continues to experience positive interactions on the commercial front. The company has been gaining traction within end markets, especially the government sector, riding the wave of stimulus provided by the A$650m National Commuter Parking Project. In our view, these developments are expected to provide resilience to PKD to sail through the current crisis.

Pitt St Research Update – 22 May 2020

Pitt Street Research Report

“This report has been commissioned and paid for by PARKD Ltd. (Company) and has been prepared by Pitt Street Research, an Authorised Representative of BR Securities Australia Pty Ltd. The report solely reflects the views of Pitt Street Research.
Any opinions, forecasts, recommendations or forward-looking statements in the report reflect the judgement and assumptions of Pitt Street Research at the date of publication of the report. The Company does not endorse the findings or contents of the report, including any price target, earnings forecast or other statement about the Company’s prospects, and will not be responsible for any loss or damage arising in any way from errors, omissions or misstatements in the report or the use of, or reliance on, the report in any way.”

And the award goes to….. PARKD LTD!! David Thomas accepted the award for Outstanding New Car Park Development at the Annual Awards Dinner held by Parking Australia. This award recognises the extraordinary technology PARKD LTD offers the market by making car park construction rapid, cost effective and above all else…. FLEXIBLE! Well done to our consultants Whitehaus Architects, Peritas Group Engineers and others for their contributions to this project!

We spoke with Len Troncone, CEO of PARKD (ASX:PKD), about why the company’s modular approach to building car parks presents a huge opportunity, especially given the major investments in infrastructure that are coming.

PARKD Ltd (ASX:PKD) has signed an MoU aimed at developing, refining and improving a critical concrete panel component of the company’s innovative lightweight modular car parking systems.

The non-binding MoU with Reinforced Earth Pty Ltd (REPL) will see the parties work together for co-development and improvements of PARKD’s Transportable Concrete Panels.

Parkd Ltd (ASX:PKD) managing director Peter McUtchen updates Proactive Investors on the tech start-up’s recent appointment of Len Troncone to the newly-created role of chief financial officer.
Troncone was instrumental in the development and delivery of shareholder value in the post-IPO years at both United Group Limited and Decmil Group Limited, formerly Paladio Group Limited.

The car park offers City Subaru the ability to relocate or reuse the structure and represents the first purpose-built, relocatable concrete car park in Australia.

ParkD Ltd (ASX:PKD) has received $690,000 after City Subaru Perth exercised its option to purchase the car Park built by Parkd in August last year.

City Subaru decided to purchase the car park due to several transformational outcomes demonstrated in the trial period.

These include an increase in cars being sold and serviced and higher levels of customer satisfaction through increased parking availability.

Parkd Ltd (ASX:PKD) managing director Peter McUtchen catches up with Proactive Investors on news that the owner of City Subaru Perth has exercised the option to purchase the car park designed and built by PARKD, which has been leased for the past six months following completion of the project ahead of schedule in August 2018.

City Subaru Perth will pay PARKD $690,000 ex GST.

“Parkd Ltd (ASX:PKD) managing director Peter McUtchen updates Proactive Investors on the company’s recently completed projects, current projects, and pre-contract works for clients including Perth City Subaru, Bayswater Mazda, and Vector Management. McUtchen touches…”