My valuation jumped a bit!

Hi all,

6 months I posted...

".....Yet my models are suggesting a valuation range of A$670-830m within 2 years. A$1.60-A$2.00 fully diluted. My gut, however, thinks this could be quite conservative."

Well this am's announcement was better than my model's estimated progression and has bumped up the valuation a whopping 13% (!?).

Its not much...but it is impressive when considering their 3D/Vertical product has only just started getting out. NEA really hasnt yet seen solid numbers on this and it will act as a further revenue growth catalyst in the coming 6-12 months.

The other positive point to observe here is the ability to grow a domestic market. Only 4 years ago, NEA was suggesting the Aust market in total was worth maybe $50-70m pa. Its obviously growing at a greater rate than most (if not all) had assumed....and still just off the 2 D. Cant wait to see the impact of 3D.

A good business fills a need; a GREAT business creates a need.

NEA is a GREAT business.

Cheers