Parkd (ASX: PKD) – modular car park system engineer
ABOUT COMPANY
PARKD (PKD) (https://www.parkdgroup.com/), a construction technology company, constructs and supplies modular car parking systems for single and multi-level arrangements in Australia.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| PKD | 0.022 | 104013882 | 2288305.404 | 0.6/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 389 | 61.63% | 57.09% | 31.54% | last raise $1.25m@5c |
The board and the management had an internal spill in early 2020, and the departing CEO and a director stated the board has been controlled by the business development manager, David Thomas (Thomas Zhao pty ltd). Subsequently, some current board members acquired ex-board members’ shares at 2c and 3c.
BUSINESS
The company hasn’t won any project with its technology for three years. The 5c capital raise has no institutional back, but all directors participated.
The company won a small rooftop car park project in Victoria in September 2021, and another $8.2m WA development in November 2021.
In September 2021 quarter, the company signed a partnership with Axium Properties (ASX: AXI) to explore funding opportunities for developing car parks under a lease or operating model. It also employed Simon Amos as the General Manager Construction for the delivery and management of projects. Simon was the CEO of Australia for the construction technology company Fast Brick Robotics (FBR).
SUMMARY
The company might come to something in 2024.