This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

NEA - Nearmap Limited

Jump to new
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.
 
Re: NEA - Nearmap

Muschu said:
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...
Click to expand...

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.
 
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.
 
Re: NEA - Nearmap

[Winning the tips with it at present
 
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.
 
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.

 
Cam019 said:
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.
Click to expand...

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.

 
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.

 
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.

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


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.



012
 

Attachments

  • NEA FY20 Market Update and Revised Guidance.pdf
    1.4 MB · Views: 7
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"
 
You must log in or register to reply here.

Similar threads

GHM - Golden Horse Minerals
Replies
3
Views
814
Dona Ferentes
TME - Tungsten Metals Group
Replies
1
Views
941
Dona Ferentes
ORD - Ordell Minerals
Replies
8
Views
2K
Dona Ferentes
TOK - Tolu Minerals
Replies
2
Views
1K
Dona Ferentes
January 2025 Stock Competition Entries!
3 4 5
Replies
96
Views
6K
Joe Blow
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...