Inactive Instrument

P2P Transport Limited

Equities

P2P

AU000000P2P6

P2p Transport Limited Updates on 300 Digital Taxi Tops Operated Under Its Adflow Brand

January 17, 2020 at 03:18 am IST

P2P Transport Limited provided an update on the Company's 300 Digital Taxi Tops operated under its Adflow brand. P2P has identified further technical issues with its 300 Digital Taxi Tops (Digital Tops) and as a result the Company has decided to suspend the operation of all 300 Digital Tops pending investigation. The Company is in discussions with the supplier of the Digital Tops to resolve the technical issues and associated brand damage to Adflow. The Company is expecting the suspension of operation of Digital Tops will not have a material effect on the financial performance of the Company as historical revenue levels from Digital Tops have been minimal. However, P2P had expectations of an ongoing revenue stream from its significant investment in Digital Tops. The Company now expects no revenue from Digital Tops during the suspension period. Accordingly, royalty payments associated with Digital Tops have also been suspended.

Latest news about P2P Transport Limited

P2P Transport Limited Announces Resignation of Rebecca Weir as Company Secretary	07/20/07	CI
P2p Transport Limited Announces Board Resignations	23/20/23	CI
Covertrue Group Pty Ltd acquired Adflow Taxi Back and Taxi Wrap Advertising Business from P2P Transport Limited for AUD 0.6 million.	09/20/09	CI
P2P Transport Limited Announces Executive Changes	07/20/07	CI
P2p Transport Limited Reports Earnings Results for the Half Year Ended December 31, 2019	02/20/02	CI
P2P Transport Limited cancelled the acquisition of Business and Assets of Combined Taxi Management of Perth.	22/20/22	CI
P2p Transport Limited Updates on 300 Digital Taxi Tops Operated Under Its Adflow Brand	17/20/17	CI
27,840,000 Ordinary Shares of P2P Transport Limited are subject to a Lock-Up Agreement Ending on 13-DEC-2019.	13/19/13	CI
P2p Transport Limited Reports Earnings Results for the Full Year Ended June 30, 2019	31/19/31	CI
P2P Transport Limited Announces Change in its Registered Office and Principle Place of Business	21/19/21	CI
P2P Transport Limited Announces Executive Changes	24/19/24	CI
P2P Transport Limited Announces Cessation of Thomas Joseph Varga as Director	29/19/29	CI
P2P Transport Limited Announces Management Changes	23/19/23	CI
P2P Transport Limited Announces Earnings Results for the Third Quarter March 31, 2019	23/19/23	CI
P2P Transport Limited Reports Consolidated Earnings Result for the Half-Year Ended December 31, 2018	28/19/28	CI
P2P Transport Limited announced that it has received AUD 2.988907 million in funding from Magna Management LLC	28/19/28	CI
P2P Transport Limited agreed to acquire Business and Assets from Combined Taxi Management of Perth for AUD 0.53 million.	22/19/22	CI
P2P Transport Limited announced that it expects to receive AUD 2.988907 million in funding from Magna Management LLC	22/19/22	CI
27,210,598 Ordinary Shares of P2P Transport Limited are subject to a Lock-Up Agreement Ending on 13-DEC-2018.	13/18/13	CI
P2P Transport Limited completed the acquisition of all assets from Non-Stop Media.	01/18/01	CI
P2P Transport Limited agreed to acquire all assets from Non-Stop Media for AUD 1.2 million.	28/18/28	CI
P2P Transport Limited Announces Audited Parent Earnings Results for the Year Ended June 30, 2018	27/18/27	CI
P2P Transport Limited and Telstra Announces Partnership to Deliver Digital Taxi Top Advertising Solutions to the Australian Market	18/18/18	CI
P2P Transport Limited Announces Audited Earnings Results for the Year Ended June 30, 2018; Provides Earnings Guidance for the Fiscal Year 2019	31/18/31	CI
P2P Appoints Greg Webb to the Board	03/18/03	CI

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Company Profile

P2P Transport Limited is an Australia-based fleet management company. The Company is focused on the provision of vehicles on a rental basis to independent professional drivers in the point-to-point (P2P) passenger transport industry. It operates through three segments: New South Wales (NSW), Victoria (Vic), Queensland (QLD). Its portfolio comprises approximately 720 taxis, corporate and ride-share vehicles managed from 8 sites situated across its segments. Its services include vehicle acquisition and in-house customization; vehicle servicing and driver support, including repairs and maintenance, and 24-hour operational support; and fleet management and administration, including driver training and on-site services. Its portfolio of 720 vehicles includes 695 customized taxis, 10 luxury vehicles and 15 vehicles.

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