Bloody weird that Macquarie would come out with their recommendation a week out from profit reporting and then subsequently change their sentiment. The cynic in me thinks there is something clandestine happening in the background.
Being a shareholder for nearly as long as birdman. I am pleased with the further validation of the technology and the market suitability. Not so impressed with the gold plated investment costs to get there. Eg employee perks, barangaroo offices and the ever expansive granting of shares to management. I would prefer the previous CEO simon crowther. He led to profitabilty in Australia. The timeline to profitability in the US is long: the expense too great. I will wait because the economies of scale are great.
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Nearmap slides as Macquarie cuts outlook, page-60
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