NEA - Nearmap Limited

[MRK777]

Re: NEA - Nearmap

I'm new to the forum and see this stock has seriously accelerated over the last 12 months so I'm assuming a lot of upside is already built into the current price, requiring a huge revenue spike before the end of this FY to meet expectations. My main concern in reading the last annual report is that the management team seems comprised only of technical / financial people and lacks commercial / sales people to make this happen. We've all seen startups with great products that fail to realise their potential, is NEA in that category?

Other concern is around building / maintaining internal knowledge and attracting talent to achieve the required growth. Employee reviews on Glassdoor look shocking. Anyone have any insights to share? Thx.

 

[pixel]

Re: NEA - Nearmap

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

Today's presentation of Nearmap Rail makes good reading: http://www.asx.com.au/asx/statistics/displ...;idsId=01490680

and the Market reacts with good early volume



Full steam ahead I hold.

 

[infamous]

Re: NEA - Nearmap

Full steam ahead I hold.

I actually sent an email my boss this morning recommending we use the product for future (ICT) projects.

Considering the quality & frequency of updates, it would be a great tool for tasks that would normally require site visits & mobilisations, which for the skilled staff and all the required OHS, flights, equipment hire and local transport etc often costs around 30-40K per mobilisation.

I see this being a big hit for Nearmap.
Mining services, infrastructure giants like Brookfield rail, government services like PTA, etc will jump on this I reckon.

Time will tell if I'm right... still holding

 

[Muschu]

Re: NEA - Nearmap

The references on Glassdoor are one reason that prompts me to sell. Perhaps more later.

 

[telefomin]

Re: NEA - Nearmap

I'm new to the forum and see this stock has seriously accelerated over the last 12 months so I'm assuming a lot of upside is already built into the current price, requiring a huge revenue spike before the end of this FY to meet expectations. My main concern in reading the last annual report is that the management team seems comprised only of technical / financial people and lacks commercial / sales people to make this happen. We've all seen startups with great products that fail to realise their potential, is NEA in that category?

Other concern is around building / maintaining internal knowledge and attracting talent to achieve the required growth. Employee reviews on Glassdoor look shocking. Anyone have any insights to share? Thx.

The Glassdoor reviews are certainly a concern as it the rapid staff turnover. A colleague uses NEA services and is very unhappy about staff stability and turnover. This has an impact on customer service in his view.

 

[jdenhaan]

Re: NEA - Nearmap

Tanking hard. Any reason for this? Numbers are not looking too bad...

 

[ROE]

Re: NEA - Nearmap

Tanking hard. Any reason for this? Numbers are not looking too bad...

Maybe of those employment conditions people talk about, if it does come true it can have a real impact on the business.

A good company rarely treat their employee badly, Phil Fisher (common stock, uncommon profit)


7. Does the company have outstanding labor and personnel relations? According to Fisher, a company with good labor relations tends to be more profitable than one with mediocre relations because happy employees are likely to be more productive. There is no single yardstick to measure the state of a company's labor relations, but there are a few items investors should investigate. First, companies with good labor relations usually make every effort to settle employee grievances quickly. In addition, a company that makes above-average profits, even while paying above-average wages to its employees is likely to have good labor relations. Finally, investors should pay attention to the attitude of top management toward employees.

remember NEA operate in a highly technical field they need bright and smart people to hang around, if smart and bright people are unhappy and leave the firm what do you have?
its not like maca where you have endless supply of school kids.

you only need to look at what Google and high tech firms offered their employee to see these guys recognise keeping smart people happy not only make sense but it also very good for business.
I got friends working for Google and leaving them never enter their mind, now that is some seriously good business.

 

[rattler888]

Re: NEA - Nearmap

Mmm but I doubt the stock price is tanking purely on a few glass door reviews and comments here? Seemed to be on the back of some good revenue news too..

 

[Porper]

Re: NEA - Nearmap

Tanking hard. Any reason for this? Numbers are not looking too bad...

Hardly tanking...it's had a great run so a retracement is to be expected. Technically $0.39 possible before trend resumes. Looks good still. I don't hold.

 

[Muschu]

Re: NEA - Nearmap

I found this post on another website

"Cash at bank approaching $20m which is nice, but at current market cap with no real assets there's $150m+ based on goodwill and/or future earnings.

Unless this company can build a sustainable revenue engine this thing is going DOWN and with the longest tenured sales person at 6 months (per LinkedIn) I have serious doubts that can be realised...."

 

[Muschu]

Re: NEA - Nearmap

From, eurekareport.com.au via Google


3 March 2014


The reporting season may have gone better than many had expected but the period held its fair share of disappointers.

The two worst-received earnings reports from our watch list last month came from packaging group Colorpak (CKL) and mapping services company Nearmap (NEA).

Colorpak got the wooden spoon with the stock underperforming the ASX All Ordinaries by 11.7% on February 3 – the day it released a weaker than expected first half result with underlying net profit crashing 44% to $2.7 million group revenue falling 11% to $82.6 million.

Analysts polled on Bloomberg have cut their 2014-15 earnings per share projection by nearly 10% to 9 cents even as the company said it would return to growth in that year.

I downgraded the stock on the result as I believe there will be time to buy back into the Colorpak story with the stock continuing to lag the market by 8.9% in the week following the earnings news.

Nearmap also didn’t give shareholders much to cheer about. The stock underperformed the All Ordinaries by 10.9% on February 24 when management discovered that a 96% surge in revenue to $7.9 million and a maiden interim profit of around $800,000 were not enough to keep the stock in investors’ good books.

The problem was that the market was expecting a bigger reward for pushing the stock up over 300% in the last 12-months.

Consensus forecast had to cut their 2014-15 EPS target on the once-market darling by 10.1% to 1.5 cents. The stock is trading close to five-month low on Monday of 46 cents.

This puts the stock on a very large price-earnings (P/E) multiple and stocks that trade on blue-sky multiples have really no room to disappoint.

 

[SuperGlue]

Re: NEA - Nearmap

NEA pop up 10% after they:

"announce the commencement of test flights of its aerial camera system in the United States. These test flights form part of the Federal Aviation Administration (FAA) approval process for operating nearmap’s aerial camera system in the US."

"Commenting on the commencement of US test flights, nearmap Managing Director Simon Crowther said: “This is a key step on the path to international certification for our aerial camera system, and a precursor to international operations”.

http://www.asx.com.au/asxpdf/20140506/pdf/42pg8fzcwxf4z0.pdf

 

[McCoy Pauley]

Re: NEA - Nearmap

Potential for the 800lb gorilla in the room to stomp on Nearmap has just increased, I would have thought, with Google announcing that, subject to regulatory clearance, it has agreed to acquire Skybox Imaging for US$500 million. According to Reuters' report reprinted on The Age website this morning:

Skybox has built satellites packed with sensors and camera electronics that take high-resolution images and video of the earth but which it says are smaller and lighter than traditional satellites. The company, which like Google is based in Mountain View, California, has launched one satellite and had planned to launch a constellation of 24 satellites, according to the company's website.

http://www.theage.com.au/it-pro/bus...te-company-skybox-imaging-20140610-zs3hk.html

 

[Muschu]

Re: NEA - Nearmap

My understanding is that WSR may be acquiring Spookfish [geospatial imagery company] and could become a serious competitor to NEA.

NEA remains highly speculative imo.

 

[pixel]

Re: NEA - Nearmap

Today I received an email from NEA with a "special offer" valid for 7 days only:
1 year 1 State 50MB @$99
1 year all States 250MB @$199



I can only surmise that they know I'm a one-man band; when I made enquiries a year or so ago, fees were an order of magnitude higher. Can we draw any conclusion from this new ad campaign???

PS: I'm no longer a holder, so it's unlikely a "shareholder discount".

 

[Miner]

Re: NEA - Nearmap

Today I received an email from NEA with a "special offer" valid for 7 days only:
1 year 1 State 50MB @$99
1 year all States 250MB @$199

View attachment 59402

I can only surmise that they know I'm a one-man band; when I made enquiries a year or so ago, fees were an order of magnitude higher. Can we draw any conclusion from this new ad campaign???

PS: I'm no longer a holder, so it's unlikely a "shareholder discount".

Any one following this thread or stock ?
With mining depression what could be the future of this GPS technology considering there are plenty of them in market ?
Is it a fly by night operator
Do not hold but interested to know before making a jump

 

[pixel]

Re: NEA - Nearmap

Any one following this thread or stock ?
With mining depression what could be the future of this GPS technology considering there are plenty of them in market ?
Is it a fly by night operator
Do not hold but interested to know before making a jump

Definitely no "fly by night"-ers; they've been around for years and their business model makes good sense.
While they offered free registration, I made frequent use of their successive high-resolution images. Even tasks as trivial as monitoring progress of renovations in our Strata Complex were made easier, so I can well understand how City Councils like using them to keep track of building permits and work progress without having to send a fleet of inspectors around. So, they're definitely not limited to mining projects.
I suggest you check some of their reports of the last couple of years.

 

[Muschu]

Re: NEA - Nearmap

The staff / CEO issues seem to just go on and on

http://www.glassdoor.com.au/Reviews/Employee-Review-nearmap-RVW5723753.htm

 

[Muschu]

Re: NEA - Nearmap

CEO finally gone.... Now maybe there is some hope.

 

[levin123]

Re: NEA - Nearmap

Positive announcement today: http://www.asx.com.au/asxpdf/20160429/pdf/436v89y4kf1xdb.pdf

Anyone still holding?

I sold up - will look for a retracement to buy back in.