How do you see countries such as Holland & Belgium?
These two countries combined are 1/4 in size to NZ with a population close to 30M (half the population of Italy). I would assume that would mean less flights required to capture key areas. Flights are essentially the main expense (other than staff costs which in simplistic terms could be considered the same regardless of which country you are setting up in), so minimizing this would see a better ROI.
Comparing these two to the Aus market, there is a similar population with 1% of the foot print. While having such large spaces to travel to sites is where NEA drives efficiencies to businesses, I believe that these countries with smaller footprints but larger densities can be a valuable target.
NEA Price at posting:
$1.56 Sentiment: Hold Disclosure: Held