Have heard from people on the ground(media) in USA that business is in a growth phase, perhaps to take advantage of this and the coming infrastructure growth promoted by the Trump administration Nearmap has decided to ramp up advertising and promotion to take full advantage NOW. $10m in the bank would not last long if advertising expenses are ramped up considerably. Also the report contains awareness of competition, with Eagleview and SFI on the horizon they are ensuring that they have a significant footprint to protect their position and the development of 3D imagery needs to be completed. Seeing that the current BOD have delivered on every front since last year people on this thread have little faith. If you want to protect yourself perhaps you should move to the mining sector which is going well again.
NEA Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
