I like the NEA products. However, i struggle to see why this company continues to be valued at such a large premium when the results have not followed:
* Group EBITDA down 39% in constant currency to A$8.5m * FY20 Free Cash Flow burn of A$37m * FY20 churn at top of guidance - 9.9% * Only A$33.8m of cash left = capital raising coming!
Stock is valued at 47x EV / FY21 EBITDA Consensus - yet company failed to offer up any confidence guidance
NEA Price at posting:
$2.37 Sentiment: Sell Disclosure: Not Held
