What would you value just the Australian business at and add to this the new 3D technology & cash in the bank. With the share price hovering around 50 cents says its a 50/50 bet on the USA, My reckoning the USA odds are now at around 75/25, 75 cents being a fair price for both businesses combined. With billion dollar international companies like Facebook, google, apple, Microsoft, etc, all wanting to expand in every direction, Nearmap would have to have raised a few eyebrows at what it has to offer. I'll wait for the perfect storm. and am happy to put my shares in the bottom draw & not sweat the the small stuff.
NEA Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held