NEA 0.00% $2.10 nearmap ltd

Nea held a capital raising in September 2018 which raises $70m...

  1. 16 Posts.
    Nea held a capital raising in September 2018 which raises $70m
    As at 30 December 2019 Nea had about $49m of cash as stated in the balance sheet.
    Nea has $0 of debt.
    It is obvious most share prices will crash during the corona crisis. Pomodoro I think nea could easily drop to 40 cents.
    Pomodoro Given NEA has $40+million in cash reserves it is unlikely will have to borrow money.

    They probably have 24 months of cash reserves to burn if they keep trying to aggressively expand into the US. Maybe management will reduce expansion plans in the short term to preserve cash. They may have to because the Aus$ has fallen to below $0.6US

    I work in a engineering related company. All surveying, engineering construction related companies use nearmaps. I have friends and family who work in local councils all use nearmaps.
    I think nearmaps will weather the storm.
    The Australian operation is profitable.
    The US operation is not currently profitable.
    If the US operation becomes profitable which I think it will and once the financial crisis ends nea share price will be over $3 again.




 
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Currently unlisted public company.

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