NEA 0.00% $2.10 nearmap ltd

Finally got on today. Have watched from afar to see just what...

  1. 526 Posts.
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    Finally got on today. Have watched from afar to see just what the future held for this company. The entry price was not a concern if it drops I will buy more. This really looks to have the potential to be an absolute Blue Chip Special and something to hold LT. It ticks all the boxes, well run company with prudent control of monies to grow market share including the initial use of Aus funds to start the USA off, market dominance with no competitior thus far, high barrier to entry and dominant technology that’s continuing to evolve so that subscription costs can keep rising as more add ons can be offered! This is like the fast food equivalent of up-sizing! Sure the potential to sign up more subscribers is possibly limitless at this stage and will drive revenue growth but the ability to have a product where the subscription cost can continue to grow as the options that can be offered are enhanced is the real cherry on the top. Definitely, glad to add this one to the portfolio and can no reason why it will not double again by the end of 2019 and double again by Dec 2020 if they keep up current growth rates.
 
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Currently unlisted public company.

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