NEA 0.00% $2.10 nearmap ltd

Ann: Trading update - strong growth continues, page-14

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  1. 11,232 Posts.
    lightbulb Created with Sketch. 706
    What good news - the news is terrible?

    Dissect the numbers, AUD revenue is not on track to hit even $30m. H2 on H2 is up 23% based on revenue guidance, and last half was up 44% from memory. They need growth of about 30% in the next half - but why will that growth suddenly appear in AUD revenues? This will possibly be back at 50c or lower soon IMO.

    Good luck.
 
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