NEA 0.00% $2.10 nearmap ltd

Ann: Nearmap responds to erroneous short seller report, page-43

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  1. 185 Posts.
    lightbulb Created with Sketch. 16
    The shorter report couldn't pick the worse time to publish their report.

    FA:
    - the half year report is pretty solid. Less churn rate, margin going up, loss reduced by 50% and roof scanning product is also getting traction.
    - the response to the shorter report is very convincing

    TA:
    - The short report created lots of interest/exposure from different news agents. (AFR, the Australian etc.)
    - More interests = more trade volumes which would lead to a stronger momentum. (either bad or good)
    - The SP only needs to close above $2.45 for a few days to break the downtrend (not far away)
    - The SP only needs to close above $2.75 (next resistance) for a few days to continue to the uptrend

    GLTAH and DYOR
 
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