NEA 0.00% $2.10 nearmap ltd

Shorts, page-26

  1. 1,079 Posts.
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    Hi Psalty. From my experience, it is best to not even acknowledge "downrampers without facts", so I am responding to you instead.

    "dog stock .... we all forgetting at the start of the year they lost 20% of their clients"

    The facts regarding the January ACV downgrade are:

    1. For ANZ "the number of subscriptions lost to competitors was minimal"
    2. For NA "three enterprise churn/downgrade events". These related to three events, one subject to a court order, two relating to autonomous vehicle trials. Hardly a loss of 20% of their clients.
    3. Even the downgraded ACV outlook (midpoint of $106M) still represented a 17.5% annual increase.
    4. Even with the advent of Covid-19, NEA has not been further impacted in any negative way (note update statments in April and May 2020).
    5. Strong growth is clearly continuing.

    So, if genuine NEA investors/potential investors don't want to be overwhelmed by downrampers peddling their shorts friendly misinformation, please do not respond to them directly - instead just post some relevant facts.
 
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