I thought we all needed a more positive thread while the share price is languishing.
My analysis tells me that the ACV size of NA will exceed that of ANZ some time during the next 3 months. That could be the basis of a positive market update.
Furthermore, as NA is growing at around 40-50%, and ANZ is growing at around 5-10%, NA should be 1/3 bigger than ANZ by December 2022. The significance of this should not be underestimated. My analytical model tells me that NA alone will grow its receipts from customers by more than $30M in FY23. To put this in context, NA cash payments and capture costs only grew by $0.1M in FY21. IMO, this illustrates the leverage that the NA operations will experience as customer receipts grow very much faster than cash costs.
Based on this, I believe it is only a matter of time before the share price responds to the rapidly improving NA financials.
NEA Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
