NEA nearmap ltd
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The 85c was downgraded target. Based on the last quarterly...

  1. 8horse
    34,442 Posts.
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    30/04/16
    12:51
    Post #: 17641199
    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.
    NEA Price at posting: 51.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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