NEA - Nearmap Limited

[infamous]

Re: NEA - Nearmap

nearmap receives new patent for its aerial
mapping system

nearmap ltd (ASX: NEA) is pleased to announce that the United States Patent
and Trademark Office has granted the company a new patent for its aerial
imaging systems.
Patent Number 8,497,905, issued on 30 July 2013 and entitled “Systems and
methods of capturing large area images in details including cascaded cameras
and/or calibration features”, is directed at utilising arrays of cameras to
efficiently capture high-resolution PhotoMapsTM
.
Commenting on the granting of the patent, nearmap Chief Executive Officer
Simon Crowther said: “We are delighted to have received this patent from the
US Patent Office. The grant of this patent reflects nearmap’s continuing focus
on research and development and the company’s unique technology. It also
extends nearmap’s international patent portfolio.”
“We are very focused on strategically and carefully monetising nearmap’s
unique PhotoMapsTM content given our technology platform. We are only a little
over six months into nearmap’s subscription service, yet have been able to
successfully grow the business with a very limited product range targeting a
narrow market and almost no marketing spend. With a growing patent portfolio
and unique business model, nearmap is well placed to continue growing,”
added Mr Crowther

Interesting development... up 5% today

 

[pixel]

Re: NEA - Nearmap

Interesting development... up 5% today

Make that 10% by now



Could well turn into a long-term holding.

 

[pixel]

Re: NEA - Nearmap

new Intraday High; current vwap 35.1c



I hold (not enough )

 

[Smurf1976]

Re: NEA - Nearmap

In terms of who uses it, there's been a fuss recently about a council in Tasmania fining people who didn't get council approval to install solar panels. Not that most councils require such approval in the first place, but this one has since November 2012 and has started handing out fines it would seem.

I don't know for sure, but I'd guess that they may well be using Nearmap to identify unapproved installations. It's certainly the easiest and most obvious way they could do it.

 

[galumay]

Re: NEA - Nearmap

In terms of who uses it, there's been a fuss recently about a council in Tasmania fining people who didn't get council approval to install solar panels. Not that most councils require such approval in the first place, but this one has since November 2012 and has started handing out fines it would seem.

I don't know for sure, but I'd guess that they may well be using Nearmap to identify unapproved installations. It's certainly the easiest and most obvious way they could do it.

The Tasmanian Government has their own imaging system - and therein lies the problem for me with NEA, I just don't see any competitive advantage nor any way they will be able to successfully monetise via subscriptions.

Its mainly for that reason they fell off my watch list.

 

[mr. jeff]

Re: NEA - Nearmap

Make that 10% by now

View attachment 53626

Could well turn into a long-term holding.

They keep delivering the goods and this is growth stock with unknown potential for growth.
There are product areas yet to be expanded into and with no majors with a blocking stake, it is anyone's game at this stage. A good uptrend with earnings and potential.

I still this as a decent prospect - a speculative prospect to be clear.

Cheers.

 

[pixel]

Re: NEA - Nearmap

I have taken profit for now.
While I agree with Mr Jeff, especially about the attributes "unknown potential" and "speculative", I'm aware that the Market doesn't always see things my way. Advances were rejected at 40c resistance, which was foreshadowed by MACD's Bearish Divergence and confirmed a few days later where the red arrow signals the stop condition. (I often anticipate that stop and exit "when in doubt".)



Currently, lack of volume suggests disinterest; I'll reenter when volume (and momentum) underpins evidence of support. That could be as early as tomorrow or at the end of another leg down around 29-30c.

 

[infamous]

Re: NEA - Nearmap

Any thoughts as to why NEA jumped 8% this morning?

 

[pixel]

Re: NEA - Nearmap

Any thoughts as to why NEA jumped 8% this morning?

I could suggest a Technical reason: Bounce off Fib 61.8% support and break to new High:



But I presume you'd rather find a fundamental reason. Sorry - don't know.

 

[mr. jeff]

Re: NEA - Nearmap

I could suggest a Technical reason: Bounce off Fib 61.8% support and break to new High:

View attachment 54701

But I presume you'd rather find a fundamental reason. Sorry - don't know.

Don't underestimate the effect of bringing in some new team members with strong histories. Most likely that will attract some extra buyers that follow these guys. I actually feel that the company has more of a chance at continued growth with a better team and a longer future.

Also, looking at trading I would say that there aren't many people selling. Looks like NEA is sitting at the top of the trend channel and usually just moves down again after a short surge like this . With no major volume I wouldn't get too excited just yet.

 

[infamous]

Re: NEA - Nearmap

Wow... another 13.5% this morning on release of the quarterly report.

nearmap continues to grow sales and
cashflows

nearmap ltd (ASX: NEA) is pleased to announce that it has continued to
grow sales and cashflows, generating its fourth consecutive period of
positive cashflows over the September 2013 quarter.
The company today released its quarterly cash receipts and operating cash
flows for the three months ended 30 September 2013 (1Q14).
Cash receipts from customers were up 77% to $4.6 million (1Q13: $2.6
million). In addition, the company generated $2.1 million of net operating
cash inflows (1Q13: net outflow of $0.2 million).
Underlying this growth has been continued momentum in new customer
subscriptions. In addition, nearmap has continued to experience high
renewal rates from existing paying customers, many opting to renew for
multiple years.
Commenting on the company’s cash flow performance over the September
2013 quarter, nearmap Chief Executive Officer Simon Crowther said, “This
is a pleasing result as we are still testing and refining our core mapping
subscription products. We are adding new subscribers daily and importantly
for a subscription model, existing customers are renewing, many for multiple
years.
“We have an exciting three to six months ahead as we continue to develop
and explore new sectors and market opportunities that will support our
evolution as a data business.
“We have now achieved our fourth straight quarter of positive cashflows.
With no debt and a growing cash balance that currently stands at $15.4
million.
“We remain focused on refining and executing the business model in
Australia, whilst evaluating market opportunities outside of Australia,” added
Mr Crowther.

-END-

 

[galumay]

Re: NEA - Nearmap

Looks like one i misjudged, I still dont understand how there is a market for their product and why anyone would subscribe - and following my rule of not buying companies that I dont understand means I have missed out on this one!

 

[jbocker]

Re: NEA - Nearmap

Their report reads well for this stock. Glad I hung onto a parcel of shares, I was hoping they would become a dividend payer, which is yet to happen. I see they no longer have dealings in IP business, although I reckon their experience in that would be very useful in Nearmap patents.

Good price jump today, 12.79%.

 

[ROE]

Re: NEA - Nearmap

Well done guys, I have the opportunity to get at 25c but I didn't as I still haven't work out how they would generates plenty of money with this work where other can do it for free at a lesser quality -

But I was wrong I guess, good luck for future gain

 

[jdenhaan]

Re: NEA - Nearmap

Wow. This stock is a rocket. Any reason for the recent jump?

 

[Julia]

Re: NEA - Nearmap

There have been some recent broker BUY recommendations. No idea whether that's the reason.
Haven't been following it.

 

[infamous]

Re: NEA - Nearmap

Some very healthy movement on the back of this announcement.

nearmap signs licence agreement for Google
Maps

nearmap ltd (ASX: NEA) has announced a new commercial licence
agreement for Google Maps that aligns with nearmap’s goal to work with
best-of-breed international partners as part of the company’s continued
growth strategy.
Key benefits of the agreement include:
− Enhanced and easy-to-use map browser user interface;
− National satellite imagery so customers can use nearmap outside of the
company’s current high-resolution coverage area;
− Highly accurate street maps combined with integrated street view;
− World-class address and location search;
− Property boundaries;
− Significantly enhanced and upgraded measurement tools and
capabilities.
Commenting on today’s announcement, nearmap Managing Director Simon
Crowther said “This new relationship is part of a continuing strategy to align
nearmap with world-class partners such as Amazon Web Services and
Google.
“nearmap’s focus will be to continue to innovate and offer our customers the
most compelling and up-to-date maps and tools available to help them
increase productivity, minimise the need to visit a location and save time
and money.”

 

[Muschu]

Re: NEA - Nearmap

Good day, in a down market, and on the back of no news I am aware of.

 

[telefomin]

Re: NEA - Nearmap

I hold this stock but with little confidence. Behaviour such as taking down their Facebook page concerns me. I wonder about the transparency.

 

[infamous]

Re: NEA - Nearmap

I hold this stock but with little confidence. Behaviour such as taking down their Facebook page concerns me. I wonder about the transparency.

Their Facebook page has been down for over a year now, but they're fairly active on LinkedIn & Twitter.