NEA
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0.00% $2.10 nearmap ltd

half yearly, page-5

  1. goosmurf
    308 Posts.
    lightbulb Created with Sketch. 122
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    24/02/14
    10:38
    Post #: 12975433
    Agreed Veecat.

    By my calcs new sales are up vs previous quarter (FY14Q1) but lower than the previous 2 quarters. Overall this makes me happy as my main concern was whether they are approaching market saturation. This seems to indicate not yet.

    I estimate recurring annual net cashflow of $7.8m which IMHO makes them fully valued at the current prices (market cap over $200m, cash held $17.5m) Any upward movement from here is IMHO speculative.

    Not trying to neg NEA as it is a significant part of my portfolio but I'm also against short-term ramping as I am here for the long haul.
    NEA Price at posting: 59.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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