I agree, the current valuation isn't too demanding at all.

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swerdna1979

1,352 Posts.

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13/03/18

11:51

Post #: 31710943
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Originally posted by crystalblue ↑

To our dearest leasx,

Back in July last year I made a very bold assumption that if only 60% of the 3142 counties in the US each spend $60k on Nearmap services then they will pull in over $113 million of ACV in a year (or over $150 million AUD).

(3142 * 60% * $60k = $113,112,000)

As you’ve mentioned, with many DoTs & private Enterprises still not included, looking back at my rudimentary assumptions & looking at where the NEA share price is right now, for the long term I think the NEA share price still has a LOT of growth to do in the next 12-18 months.

Hopefully with an entry into the ASX 300 soon, I believe the market is finally beginning to understand & see the potential in the stock.

Sure enough the sp might take a breather here & there & retrace a little but all the indicators I’ve explored have come to the same conclusion that the only possible movement for this stock is up & up.

For anyone interested in googling around you will see many references to Nearmap across many .gov.au domain sites & documents already and this is on top of Nearmap’s attempts in introducing themselves into colleagues and Universities both in AUS & in the US.

I’ve also discovered much evidence in the US that Nearmap is being referenced in many government & departmental journals.

On top of all this, for anyone who currently has Nearmap US access, you will noticed that many Canadian cities have already been captured in high Nearmap resolution !

Although these Canadian cities haven’t been frequently updated, you get the sense that it is all coming.....

Some people say $1 is now too expensive.
I think NOT.

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I agree, the current valuation isn't too demanding at all.

NEA Price at posting: $1.04 Sentiment: Buy Disclosure: Held
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0 Great analysis

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I agree, the current valuation isn't too demanding at all.

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