Couldn’t agree more. This is a perfect example highlighting our...

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snowfall

133 Posts.

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29/07/18

10:11

Post #: 34611480
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Originally posted by Sewerat ↑

Here's my rationale for voting No. Having been a heavy user of the Nearmap product, I'm completely sold on their product (I made some significant environmental discoveries using the historical data back to 2010), but it's very expensive and Nearmap admit the fantastic margin they make. You pay around $2500 a year for a modest 500mb data access, but Spookfish are now offering their product on a very affordable monthly access fee with no data limit as such. I'm into small time consulting and can't justify $2500/yr, but Spookfish now make this fantastic technology accessible to smaller organisations/individual consultants. So the competition will bring down prices and potentially increase overall spend on this technology which provides savings across the economy and even discoveries. So if Spookfish can do a 6mthly fly over in urban Australia for $2M/pa or so, I'm sure they can sell that data for $10M/pa at least, plus the odd govt contract. Nearmap have better cloud computing tools/integration with other products, so they could be at the higher value add end of aerial photography. So the right thing is for Spookfish to do the hard yards competing against Nearmap globally either direct or with local partner. If current mgt not up for that, then move aside for others willing to give it a go. BTW, surely the Eagleview agreement had a 'no takeover' clause to protect Spookfish from being gobbled up.

It's mentioned elsewhere on HC that Eagleview are probably gearing up big time to do a massive aerial photography attack across US. So being a Nearmap holder as well, I hope they keep up with Spookfish in image quality and cost.

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Couldn’t agree more. This is a perfect example highlighting our right to frustration at the ridiculous, pathetic 8c offer.

SFI Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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