@writer. I agree with everything you've said here. The connections and synergies between NEA and 3DP are immediate and potentially very powerful... and 3DP's integration into a larger entity is probably inevitable in the highly competitive global 3D mapping marketplace.
That said, I'm hoping 3DP isn't a TO target for NEA in the near term. Given the size of 3DP management's holdings, any TO would have to be on mutually agreed terms, but...
NEA's SP is at record levels, as its its recent CR ($70M @$1.60/share). With a MC of around $700M and a (consol.) operating loss of $10+M in FY18, I'd say NEA is still largely valued on it's potential... and may be significantly overvalued. Any scrip (plus cash) offer by NEA for 3DP would leave us at the vagaries of NEA's short/medium term SP.
A takeover might seem welcome relief to some 3DP holders, given how the SP has been tracking recently, but a few solid contract gains with major US utilities and we'll see a strong bounce from here IMO. GLTAH R-7
@writer. I agree with everything you've said here. The...
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