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Roy I agree with this but the extra factor is aggressive growth...

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austted

496 Posts.

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11/09/18

10:20

Post #: 35514542
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Originally posted by Roy2U ↑

Thanks, crystalblue. You have encapsulated my thoughts perfectly, but in much more detail.

One thing I will add is that the acceleration in ACV in the US is much faster than it was in Australia. It is one year ahead after four years, and if the rate of acceleration remains the same this year (which I think it should given the new offerings), ACV in the US could easily reach AU$24M by June 2019. This would then be two years ahead of Australian ACV.

So, with new and larger markets than Australia, and with their proven better marketing strategies, the USA experience indicates that NEA should grow much faster than it has in the past. I vote for rapid growth over early profitability, as I believe this will drive faster share price growth.

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Roy I agree with this but the extra factor is aggressive growth now gives NEA a better chance of achieving long term market dominance. That is why I supported the CR even though those merchant bank rogues ripped out $3M and the instos got a sweet deal.

NEA Price at posting: $1.84 Sentiment: Buy Disclosure: Held
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0 Great analysis

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