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$2.10 nearmap ltd

agreed they are a very good co and they are good at what they...

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Spekul8

2,589 Posts.

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23/08/19

17:08

Post #: 40124647
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Originally posted by Bunnett: ↑

I have been watching this company now for about 6 months or so. I have held off buying as I am unsure what a realistic value is. I understand that Nearmap is very good at what they do and subscriptions are growing to give a reliable income. However I am concerned even with recent drops that the current valuation may not be sustainable as revenue does need to grow substantially and profits need to come to justify the valuation. As Australia is profitable, this suggests that other markets will become profitable in time. Can they become a company that produces over time at least $50 million in profits? Not yet convinced, but this will be required to justify even current valuations

For now I will sit and wait. See further results / guidance updates before I commit

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agreed they are a very good co

and they are good at what they are doing i will look to enter close to $ 2.50

the SP just jumped ahead of actual growth

NEA Price at posting: $2.73 Sentiment: Hold Disclosure: Not Held
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