NEA’s Morningstar Quantitative fair value has now increased to $0.70 this morning on the commsec app. So even at $0.68, the stock is still labelled as Undervalue.
It is ridiculous that only the AUS operations are currently priced into the stock when we all know that the US is potentially 10 times the size of AUS !
And yes, the next US update is pivotal but even if they don’t announce anything officially in the AGM, I’m sure they will at least give out some indication as to how spectacular it is all going in the US through their many interactions with investors on the day.
NEA chart, page-714
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