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EQUITY RESEARCH Information Technology 11th January 2018 [ATTACH]

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birdman29

13,761 Posts.

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15/01/18

05:44

Post #: 30297929
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Originally posted by Fatman8 ↑

Don't know why people are talking CR
seems to me the expenses will be one offs for R&D of oblique imagery & map New Software. We already learned fir every dollar spent in US & Oz we are making 95% 100% return, on that dollar, then reoccurring contracts after that. Add to that the conversion rates and bigger contract size in US & its looking pretty healthy.
Nearmap have always handled their money well.
The CR was when the 3D oblique imagery was in its infancy 2016.
Was wondering when they were going to spend this CR money. Seemed to be ages for them to spend any if it.
Really they have not spent anything of the CR money still 20 mill in the bank. and have managed on what they had in the bank from the 32 or 36 million from the stat mux patent.
What's been achieved with that 8 Million take AUD to USD conversation rates into this. Should see a healthy return without the need for another CR
The only way I see them needing more money is if they take on another country.

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EQUITY RESEARCH
Information Technology
11th January 2018

NEA Price at posting: 67.5¢ Sentiment: Hold Disclosure: Held
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