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A Look At Upward Momentum Of Nearmap, page-199

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Wary1

2,465 Posts.

1653

12/07/19

19:38

Post #: 39501383
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Originally posted by Kkkw: ↑

The accounting change doesn’t lower cash profits. But what it does do is lower NPAT margin and NPAT. Since some forecast the business on a profit basis, it will lower some targets. The other issue with today’s update is it’s a slight miss to what brokers were expecting. Also, the stock was way too overvalued above $4 to begin with. High 3s was also expensive. Way too many blind buyers on this stock pumping it past $4 that will now see this do nothing at best for a long time. Stock is well and truly in distribution. Closing at the lows is never a good sign as well. Still a great company that will do well longer term but don’t expect a bounce that is sustained. Could be dead cat bounces but stock won’t make new highs for more than a year in my view.

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Thanks for that considered reply. I'm in for the long term and pretty happy (very happy) with the price I paid. I like NEA and will be hoping to pick up some more at a cheaper price, so in a way I hope you are right about it falling lower. Long term this is a great investment though with the expansion into the USA and Canada.

NEA Price at posting: $3.34 Sentiment: Hold Disclosure: Held
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0 Great analysis

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