NEA - Nearmap Limited

[pixel]

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.

I had left them alone for over a year and only rediscovered them through today's breakout.
Too late, she cried. But like you, I am putting them back on my watchlist and shall look for an opportunity to buy back on a dip.

 

[Muschu]

Re: NEA - Nearmap

I refused to hold with the previous CEO at the helm.... Now that he's gone hopefully management will behave "managerially"...

But as an investor, rather than trader, this company no longer interests me.... They'll strike, imo, better technology coming from other competitors.

Some time after I sold I put an equivalent amount into HZR at 25c and later picked up the options at 1c.... Much happier there...

However, for those still with NEA long term, if this company can first develop a positive culture and then move quickly, I hope you do well.

 

[levin123]

Re: NEA - Nearmap

Some time after I sold I put an equivalent amount into HZR at 25c and later picked up the options at 1c.... Much happier there...

Congrats on HZR, fantastic returns.

In regards to NEA management, I agree that the departure of the CEO seems to have alleviated the toxic environment.

Not sure how much traction the US team is getting reading some on the ground accounts of high sales staff turnover and poor commission structures. However, with no debt and a growing a market, I am keen to get back in.

 

[Miner]

Re: NEA - Nearmap

Motley Fools - under its very expensive newsletter Million Dollar Portfolio recommends it (5 June) has put it as a buy where its recommendation since 18 May 2015 a buy has incurred a loss of 18.5% so DYOR.

 

[tech/a]

Re: NEA - Nearmap

Cant believe there isn't more chatter on this one.

You guys miss it?

In my 2/10 charts of interest.
With another pattern of interest 5 days later.

https://www.aussiestockforums.com/forums/showthread.php?t=31431&page=2

 

[pixel]

Re: NEA - Nearmap

Cant believe there isn't more chatter on this one.

You guys miss it?

In my 2/10 charts of interest.
With another pattern of interest 5 days later.

https://www.aussiestockforums.com/forums/showthread.php?t=31431&page=2

didn't miss it.
Thanks for the heads-up.

 

[Knobby22]

Re: NEA - Nearmap

[Winning the tips with it at present

 

[pixel]

Re: NEA - Nearmap

Profit takers move in a tick early @ 92c.
(But I always pitch my sell order a step or two below theoretical targets.)



PS: I also traded NEA's little brother, SFI.

 

[Cam019]

NEA with an orderly move up from 90 cents. Some nice shallow consolidation patterns forming before resuming its move up. Almost a textbook example. Breakouts are on expanding volume with a reduction in volume within the consolidation patterns. Additionally, NEA has just broken through the previous resistance level at about 1.07 - 1.09, and there is no overhead resistance above current price levels anywhere else on the chart.

 

[greggles]

Additionally, NEA has just broken through the previous resistance level at about 1.07 - 1.09, and there is no overhead resistance above current price levels anywhere else on the chart.

Nearmap has gapped up today, smashing through its previous high of $1.20, and is currently trading $1.33, up 19.28% on yesterday's close.

The catalyst for today's move was an announcement this morning that results for FY2018 are expected to show record growth in group Annualised Contract Value, exceeding previous guidance.

NEA is now in blue sky territory and looking good.

 

[myrtie100]

I've chosen Nearmap as my top tip for the 2019 yearly tipping competition.
It came up with the highest 252 day rate of change, so I'm hoping the momentum behind this one will take it much higher.
I have marked the weekly chart with a few points of interest.

 

[greggles]

Nearmap gapping up today and finding good buying support following the release of its H1 FY2019 Financial Results. The ACV is up substantially and NEA has affirmed its full year cash flow guidance.

Today's announcement looks like it might give NEA the momentum to take on its previous high of $1.935, reached in September 2018. It's currently trading at $1.755, up 10.03% on yesterday's close.

 

[Ann]

This Bloomberg article may see some interest in it today....

This Little-Known Stock Rallies 149% to Take Australia's No. 1 Spot

Australia’s best-performing stock is flying high in more ways than one.

Shares in Nearmap Ltd., which provides aerial images and location data that allow businesses to conduct virtual site visits, have surged 149 percent this year, making it the biggest gainer on the benchmark index. The cloud-based company was added to Australia’s benchmark S&P/ASX 200 index last month.

Its strong performance “is a reflection of years of investment in market-leading technology that is now translating into strong growth in subscription revenue,” said Mason Willoughby-Thomas, a portfolio manager at Ausbil Investment Management, whose fund owns shares of the company. More...

 

[tech/a]

This is a very good stock which is currently coming off
I'm looking at $3.20 - $3.25

 

[bigdog]

The market loved todays AGM announcements

Shares climbed 10% to $2.74 early this morning after the aerial mapping business told investors to expect annualised contract value (ACV) between $116 million to $120 million in fiscal 2020. That would equal growth around 29% to 33% over the $90.2 million in ACV posted over fiscal 2019.

Around 9% of Nearmap’s scrip is currently shorted according to the latest ASIC data with today’s ACV forecast putting the heat on short sellers betting against the business.

76

 

[galumay]

Anyone who was sucked in by that pile of crap that Nearmap put out today deserves to lose their shirts off their backs. I doubt anyone buying this stonk has even the most basic idea of how to read financial statements.

I suspect the only winners here will be the shorters.

 

[bigdog]

ASX Announcement today
30/01/2020 8:25:07 AM FY20 Market Update and Revised Guidance (uploaded)

NEA reported annualised contract value (ACV) grew by 23% on the prior corresponding period to $96.6 million during the first half of FY 2020.

NEA unaudited statutory revenue grew 31% over the prior corresponding period to $46.4 million.

NEA has downgraded its full year ACV guidance to the range of $102 million to $110 million. This compares to its previous guidance of $116 million to $120 million.

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[sptrawler]

Jeez that is another one walloped, the market is punishing downgrades ATM.

 

[Dona Ferentes]

It's confession time.

 

[finicky]

Claude Walker (Ethical Equities) has been selling down his shareholding in Nearmap for a while. Sounded pretty fed up with the management in his newsletter sent to paying subscribers before market opened this morning.

"Laughably, its incremental gain in annualised contract value was less than half of what it was in the first half last year. Given this is a company that never bothers to make a profit and has a history of aggressively capitalising aerial photography expenses, I will almost certainly sell my remaining stock"