...let’s take a look at three companies which could be set for big returns in the New Year.
November 20, 2014
Nearmap Ltd (ASX: NEA)
Nearmap Ltd is a provider of geospatial map technology which is proving incredibly useful amongst businesses, enterprises and government customers in Australia. The company reported its maiden profit in FY14 and its shares have risen an astonishing 1,709% since late 2012.
However, investors shouldn’t let that massive return deter them from what could still be an incredible long-term investment, particularly with the company expanding its operations into the United States. At its Annual General Meeting on Thursday, the company said: “To be clear nearmap is a growth company… In both regions, Australia and the US, we are distinctly in the growth phase of the company’s life cycle, although we are clearly more progressed in our home market”. Having also confirmed that strong momentum has continued on into FY15, Nearmap presents as a fantastic buy at 76 cents.
NEA Price at posting:
74.0¢ Sentiment: Hold Disclosure: Held
