True, but part of the price rise is technical at the moment, as sellers all feel they would be better to hold off and see how high the price goes at the moment.
The market has always known fairly well all of moreld's points, however the risk is that of more innovative competitors arising before NEA is profitable for a long enough period to pay out enough cash to justify today's SP. As time passes this becomes more likely, we still haven't seen a challenger become credible.
I think that a full year report showing further strong growth in ACV at the full FY report release will cause another spike, those buying lately seem to agree.
NEA Price at posting:
65.5¢ Sentiment: Hold Disclosure: Held
