My valuation jumped a bit!, page-6

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20/02/19

22:51

Post #: 37507933
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Originally posted by Kfann ↑

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

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Very very good post mate....one of a few that made be buy a few more a while ago...however this, along with pme, pnv, csl, ssm, mfg,Wes, Bkl (till recently ) I should never have sold any of! Cos I also took a few hits here and there earlier...even sub 20c..but also still have some from those days.

NEA Price at posting: $2.57 Sentiment: Hold Disclosure: Held
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0 Great analysis

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My valuation jumped a bit!, page-6

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