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0.24%

$2.08 nearmap ltd

Ann: H1 FY2018 Preliminary Results - Record Growth, page-29

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alannnnnnn

1,703 Posts.

31

13/01/18

15:13

Post #: 30279962
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Originally posted by Moosie_900 ↑

The revenue growth is ok, but NEA's cashburn is still high at $8M per HY. If this continues unabated, then with $20M still in the bank you can expect another cap raise within 12 months (prudent, cashburning companies keep at least 12-18 months cash on hand to avoid cash crunches and horrendous dilution).

The chart ain't looking to swell either - looks like an insto took the chance to pump the price above the descending triangle and exit en masse before the SP fell back into the trend channel. You now have a gap to fill to 65.5. Chart could go either way, but with a lack of announcements and FY/HY reports being the only "excitement" NEA holders get, I'm not banking on a bullish scenario. As stated above, I think the full HY report to be released will make for some more sober reading - this pre-release smacked of management hyping everything up.

Good luck, and ignore the charts at your peril!

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your chart has good indication on DMI and MACD, why u saying it's not looking good,

if you dun use these why do you put it on your chart?

im confused

NEA Price at posting: 67.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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