NEARMAP LTD (ASX:NEA) - US Paywall - business users, 14988800, page-28 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by petepan ↑

It would be helpful if you could be more specific.

For example, what opportunities are they failing to grasp? From what I see, they believe USA to be an opportunity, so they are going for it hammers and thongs. Much more aggressive, in fact, than I would have liked.

I do not know what structural deficiencies you are referring to, so I cannot comment on that.

I have stated this many times, and I will say it again. NEA is not a technology play. Taking overhead pictures is nothing new. Existed for ages back to the 50s and 60s when the Blackbird was build. Any advances in technology benefits NEA rather than hinder them. Faster camera? No problem. Drones? We can use them if they are cheaper than piloting a plane, and if regulatory requirements for drones are relaxed (fat chance). Higher resolution? What use is higher resolution to customers wanting to install solar panels or checking tidal wave levels? Satellites? Are they as cost competitive, and provide the same solution? Just try buying something from a satellite imagery provider.

It is a common market misperception that NEA is a technology play. In fact, it is actually a low cost provider with first mover advantage. And the low cost advantage will start to get really big with scale. In terms of competition, the winner is not the fastest, biggest or tallest. The winner is the one with the ability to adapt to its environment. NEA's approach, which is solutions centric, is a better bet than satellite imagery which is product centric.

And even as I type, the image database is getting wider (due to geographic spread) and more importantly, getting deeper (due to timeline). The latter is an advantage that cannot be replicated.

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Hi PP,

You are so right. The market in general and the DT's wont get the immense value of the legaly acceptable timeline data. Its not just an earnings story. Just imagine 300m litigious Americans being able, in 1,2,3,5,10 yrs time being able to pictorially evidence anything they wont.

Yes. Evidence! Dang, in just one small potential segment of NEA's data base...US law firms must sign up if they want to present irrefutable pictorial "change" as evidence.

But its always be more than about Pictures. Its about data...the identification, classification of each pixel which NEA do extraordinarily well. They turn it into commercialisable assets.
Its never about been about flying a country in a week. Its always been about the IP of identifying and classifying each pixel and marrying that intelligent pixel to something an SME really needs.

Personally, I'm invested in NEA because BIG DATA is the new Bank. And Visual Intelligence/commerce will, IMHO, be a major part of that BD bank/world.

Cheers,