NEA - research reports, page-4

  1. 34,474 Posts.
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    The 85c was downgraded target.
    Based on the last quarterly results, they are likely to upgrade the target again, probably back to $1.25 per share due to exceptional results from Aussie division and first sign of pick-up in US business.

    Currently Annualized Australian revenue is about $32m, EBIT would be $16m.
    Annualised US revenue is about $2.8m.

    NEA aimed to achieve $30m - $50m for US business by December 2017, this was a very optimistic target, but it may happen in 2018 as US market is much bigger than Aussie.
 
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