Australia's largest stock trading and investment forum Australia's #1 stock forum

NEA

Click for more information

0.00%

$2.10 nearmap ltd

So you don't hold what's your concern?

First 5 Last

Share
Profile

Follow
wop

2,305 Posts.

358

20/07/14

22:52

Post #: 13687387
Share

Originally posted by investpro69 ↑

Below is a quote from the Annual report last year made by the MD in his report
"My goal for nearmap is for us to achieve 30,000–50,000 subscribers in Australia paying on average $1,000 per seat."

I would say $30m of revenue would be a good result. Anything less would be a fail considering the statement above. The share price broke through the 40c mark around the beginning of October 2013 so not a very good position to be at 9 months later. I would have thought it should be trading at around 90c to $1 by now.

The reason might be the large staff turnover and the slow pace at which the international expansion is taking place. Last week they announced the new FAA approved camera system but the share price finished pretty flat. I also wouldn't be surprised if growth has slowed down as it is no longer a start up that has turned off the pay wall but a mid cap company that needs to perform to move the share price and attract shareholders.

Fair value is probably 30c given the current situation and revenue levels.
Quite disappointing SP considering the potential the product has.

Expand

So you don't hold what's your concern?

NEA Price at posting: 41.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

VUL

Vulcan appoints investment bank and M&A veteran to board

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

There are more pages in this discussion • 52 more messages in this thread...

First 5 Last

Add NEA (ASX) to my watchlist

SPONSORED BY