congratulations so far to everyone who has held, particularly those long termers. Companies like these take sound research and a little/lot of faith to back in. Exciting times ahead. Of course we never know what can happen with the markets ups, downs and sideways moves, after following closely and holding for 5 years (in at 41c) this appears to be a good company on the path to greatness.
Been a user since the free days and every company I’ve worked for have all used and praised Nearmap for what it can do. Management appear to be doing all the right things so far and I’m genuinely excited as a user and a shareholder on the future capabilities of the product with 3D mapping and data combined.
Cash flow positive, ASX 200 (next time) and Canada launch are all very real short term events coming up which provided they are achieved will see continued growth in valuation of the company. The model has well and truely been proven, it’s now about controlled and strategic growth. Long term; scalability, value of historical data, increased product offerings and lifetime customer value to acquisition cost etc etc all add up to make for quite the compelling story.
I’m here for the long haul - I believe Nearmap is just warming up.
NEA Price at posting:
$2.98 Sentiment: None Disclosure: Not Held
