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NEA, NEARMAP LTD
nipper
post Posted: Jul 13 2019, 09:47 AM
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QUOTE
Disappointed investors have punished aerial imaging company Nearmap after it revealed underwhelming contract values for the last 12 months to the ASX.

In its preliminary results, the $1.7 billion company revealed its annualised contract value – the total revenue generated through contracts with customers – sat at $90.2 million for the 2019 financial year.

While this was a $24 million increase from the previous period, the figures did not meet investor expectations for a year that had seen Nearmap's market value increase by 120 per cent and jump into the S&P/ASX 200.

After midday, the company's shares were trading almost 10 per cent below where they finished on Thursday at $3.35.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Feb 25 2019, 12:30 PM
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In Reply To: nipper's post @ Feb 25 2019, 12:04 PM

Notable short alert last week - something to keep ion mind. Shorters of course don't always get it right biggrin.gif

QUOTE
Thu 21st Feb, 2019 4,217,702 444,562,928 0.94% 10,371,414 40.67%

https://www.shortman.com.au/stock?q=nea

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 25 2019, 12:04 PM
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"About four years ago we started capturing content in the US. In the first year we didn't gain much traction, but as we collected more content and developed a history we started to grow."

"We had record growth in the first half in the US and our unique business model is gaining traction. "We are very different. You can't get high resolution, up-to-date content from any other source ... and we're also a reliable business-to-business supplier, meaning we've been able to sell to large enterprise clients."
- Nearmap CEO

In the six months to December 31 Nearmap recorded a 45 per cent jump in revenue to $35.5 million, while its net loss narrowed to $2 million, down from $6.5 million in the previous corresponding period.

.... SP up 70% this year as Australian success looking like being emulated OS



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Feb 1 2019, 09:55 PM
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In Reply To: mullokintyre's post @ Jan 31 2019, 04:56 PM

Well done Mick. Never hurts to take profits when they present.

There's still that gap @ $1.63 biggrin.gif

Total short positions, while not huge, they are creeping up - as at 25/1/19 = 0.35%
https://www.shortman.com.au/stock?q=nea
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mullokintyre
post Posted: Jan 31 2019, 04:56 PM
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In Reply To: blacksheep's post @ Sep 27 2018, 02:17 PM

I sold out today, had the sell order in for two weeks before the market crept up to it,
Second time I have bought and sold this one for a profit.
Will I get a chance for the trifecta??

Mick




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sent from my Olivetti Typewriter.
 
blacksheep
post Posted: Sep 27 2018, 02:17 PM
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In Reply To: nipper's post @ Sep 27 2018, 12:04 PM

NEA gets a mention here http://www.abc.net.au/news/2018-09-27/can-...ection=business

QUOTE
Nearmap flying high
Nearmap's business model is using specially designed cameras in light aircraft to map the ground. The images are much higher quality than what can be achieved via satellite and allows larger areas to be mapped than those created using current drone technology.

Its customer base is diverse; from construction companies keeping an eye on projects to insurance companies who want to assess damage following disasters and governments making planning decisions.

Nearmap's CEO Dr Rob Newman said investors were increasingly confident that Australian technology companies could compete with the world.

"The difference is we are starting to build global companies, so rather than being an Australian company selling to Australians we're now Australian companies that can sell globally," Dr Newman told The Business.




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


nipper
post Posted: Sep 27 2018, 12:04 PM
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Australia does not have the big-name technology giants — think Facebook, Apple, Amazon, Netflix and Google — that have driven the United States stock market to record highs over the last two years. Some price valuations being driven by fund managers having to buy relatively illiquid stock.

But, if you had bet on Australia's biggest publicly listed technology companies in that same period, most likely, you would have done very nicely.

The ASX200 information technology sector has risen by about 20 per cent since the start of the year — together the 11 companies that make up the sector have accrued $10 billion in value for their shareholders. That is more than double the growth the vastly bigger, tech-centric Nasdaq index has put on in the US this year.

Even more impressively, this comes after it rose by about 25 per cent last year.

The averages are attractive returns, but some individual stock performances have been stellar.

Wisetech is up 54 per cent, Appen 72 per cent, Atlassian (which is listed on the NASDAQ in the US) has more than doubled, Afterpay Touch is up 179 per cent while aerial imagery company Nearmap has tripled in value.

Nearmap's business model is using specially designed cameras in light aircraft to map the ground. The images are much higher quality than what can be achieved via satellite and allows larger areas to be mapped than those created using current drone technology.

Its customer base is diverse; from construction companies keeping an eye on projects to insurance companies who want to assess damage following disasters and governments making planning decisions.

Nearmap's CEO Dr Rob Newman said investors were increasingly confident that Australian technology companies could compete with the world.

"The difference is we are starting to build global companies, so rather than being an Australian company selling to Australians we're now Australian companies that can sell globally," Dr Newman told The Business.
finally



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 9 2018, 09:40 AM
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Strengthening US market buoys Nearmap growth prospects
QUOTE
ASX-listed aerial photography company Nearmap is reaping the rewards of an 18 month investment program, with its broadened product range helping it to export its domestic success to the US. The small cap technology company, which was founded in 2008 in Perth by entrepreneur Stuart Nixon, expanded to the US in 2014, but in its most recent half-year results analysts were buoyed by better than expected sales from the region.

Canaccord Genuity senior analyst Owen Humphries told The Australian Financial Review the company's sales efficiency had outperformed its expectations, especially in the States.

"The US aerial imagery market is 10 times the size of the Australia and estimated at $US1 billion to $US2 billion," he said. "The incumbent player [Pictometry] continues to sell imagery on perpetual licenses providing Nearmap with a unique opportunity to disrupt this business model as its sells its products on a subscription basis. Successful execution could see Nearmap capture a large proportion of the market share and ultimately generates revenue multiples of its current Australian operations.

In its first half results Nearmap's annualised contract value jumped 31 per cent to a record $54.2 million, while its global customer numbers increased to more than 8200. In the same period its group average revenue per subscription increased to $6600, while total revenue jumped 27 per cent to $24.7 million.

In 2017 the company expanded on its 2D aerial imaging technology to also provide 3D models of what's on the ground. The business also offers improved obliques, surface modelling, point cloud and textured mesh analysis. It has also developed a mobile-friendly map browser for its customers.

Mr Humphries said the business had spent 18 months funnelling funds into "enhancing its camera technology and product capability" and this had led to more success both onshore and offshore.

"In Australia, which is the main profit driver, Nearmap continued to increase its average revenue per user, total customer numbers, improved gross profit margins as its customer churn rate fell. The key health metrics of the business model continue to improve," he said. "[In the US] sales execution is critical and in my view biggest risk in the US. The company has a superior product offering and scaling its revenue quickly will be testament to this."

In its results for the first six months of the financial year, Nearmap revealed it had achieved an annualised contract value (ACV) in the states of $US8.5 million and 742 subscriptions. In contrast, Australia had an ACV of $43.3 million and 7,477 subscriptions. Its customers include AGL, Melbourne Airport, Coles and Laing O'Rourke.

Its image capturing technology has captured 90 per cent of the Australian population and 70 per cent of the US population. It is expanding its New Zealand image capturing program this year to include the top 13 cities plus Queenstown.

While the company is starting to see some success in the US, Mr Humphries said further offshore expansion would still be years away.

"Nearmap is one of the very few globally, if not the only, aerial imagery company that sells its imagery on a subscription basis - it is highly disruptive," he said. "If Nearmap can scale to profitability in the US, we see the potential for the company to enter the European, Asian and potentially Latin American markets in due course. "However this remains years away. The focus is executing on its US opportunity at this time."

Nearmap was last trading at 93¢ and has a market capitalisation of $364.7 million. In the last five months it has seen a significant share price rise, jumping from below 60¢ in November to its current price, having traded as high as $1.07.

If the five analysts who cover the stock at are correct, the company still has significant upside. Mr Humphries has a 12-month price target of $1.30 for the company, but of the analysts surveyed on Bloomberg the average price target was $1.41, with every analyst considering Nearmap a buy.

Chardan senior research analyst James McIlree upped his price target to $1.50 last month, saying in a note it had hit a large enough scale in the US to leverage its investments in new products, services, sales and marketing. "The US market opportunity is large, exceeding $2 billion annually and Nearmap's presence is small, about $7 million, indicating there is still plenty of room for growth," he said. "In the US we expect revenue to more than double this year to $US6.8 million and while EBITDA will still be negative through 2019, or longer, the losses will be diminishing at a rapid rate."

Mr McIlree also said Nearmap was still generating the majority of its growth from sales of subscriptions for its 2D product, but in the second half of the year it would benefit from increased business stemming from its oblique imagery and 3D offerings.

Nearmap chief executive Rob Newman, while not the founder, has been with the business since 2008 when he came on board as an investor. He took up the top job in 2015 after seven years on the company board.

The business previously traded under the formerly ASX-listed company Ipernica after it was acquired in its early days, but it became the primary entity in 2012 and the business shifted from Perth to Sydney.

Mr Humphries said the company was expected to hit cashflow break-even in the next 12 months. "You typically buy software-as-a-service companies when they are ramping up their sales and marketing spend - the company knows its unit economics better than anyone else," he said. "Nearmap fits this category with its sales and marketing spend increasing 38 per cent over the previous 12 months."

Read more: http://www.afr.com/technology/strengthenin...4#ixzz5C7wThuWc



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 22 2017, 01:52 PM
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Snappy use by Nearmap for 'before & after' images:
http://www.news.com.au/national/nsw-act/be...a10ac76d2b07b49



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
arty
post Posted: Nov 23 2016, 12:30 PM
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In Reply To: dr_dazmo's post @ Nov 23 2016, 11:25 AM

And the ASX throws the rule book at them.
Suspended under 17.3 - failure to abide by listing rules.



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
 


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