Share
299 Posts.
lightbulb Created with Sketch. 141
clock Created with Sketch.
03/04/19
10:43
Share
Originally posted by greed is good:
↑
And the fact that NEA will produce an EBITA of $10mm this FY. I am very confotable with this number and it’s the same number I came up with after reviewing the last financial late last year. Main reason being the high decreciation number that drags back the reported net numbers. 25/30m EBITA the following year is a no brainer based of recent 2,year grow patterns and US growth in my opinion. The current share price is therefore not expensive if my forecast is correct. The best thing about this stock is that from what we see,future medium term growth is a near certainty. Not many companies are this predictatable and the ones that are, are trading on a far greater PE than NEA eg. Afterpay,Altium etc. i initially bought Ipernica at sub 10c. Since then I have bought a number of times. My last purchase was at $2.50. Have never been so stupid before.. Not selling though.
Expand
And I also believe the latest Australian 2020 Federal Budget putting aside $100 Billion for government infrastructure spending will continue to POWER Nearmap's AUS growth rates for years to come.