For me it’s a buy as the stock’s price is led largely on the performance of US sales growth. Since the US financial year ends now and H1 has typically been NEA’s strongest for US growth, perhaps partly due to this.
Also the Customers (including many roofing companies) are planning for the upcoming season of works, as many are under snow and now planning basically. Hopefully they’re buying up Nearmap access to help them in their upcoming works season.
All this as valuable as a crystal ball or horoscope, but that’s my take as I look at past H1 performances and market reactions.
NEA Price at posting:
$2.57 Sentiment: Buy Disclosure: Held
