I agree with you matt_decat. But I should add that what the...

I agree with you matt_decat. But I should add that what the market is buying now is their (IMO) proven roll-out model, which can now be transferred to any dense region with fast broadband infrastructure. I say proven, because the current USA rollout has seen a significant faster revenue growth rate than was achieved in Australia about six years earlier.

There is no reason why NEA can't use the Amazon model of growth, which involves placing priority on growing revenues rather than profit. Shareholders can still get the rewards ahead of major profits, but the future profit potential is very much higher.