ASX Shares Nearmap (NEA)

Between 2004-2013 they were less then 10 cents,so anyone still holding from that entry point have done very well..
Hard to say what will happen over the next six months,it's sort of the same as CPH that I have a holding in for a while,the low was 13 cents the high was above $1-70 within a small time-range ,bought in again for 32 cents a short time ago now about 45 cents ..
The only way I can look at every company I invest in ,never become mesmerized with management forecasts
and media plays,and have a exit after tax plan..imho..good luck..

 

Going bonkers

KY

 

Going bonkers in the right direction $4.04 up 90c, over 25% in 2 weeks, I am up 225% on acquisition price in 2 weeks.

 

hi, well done to those who bought. I'd have bought more but I didn't have enough money. I did the next best thing though. I sold all other shares and I currently have 100% invested in NEA.

I also talked to my nearest and dearest. My godson sent me money to buy and I didn't buy at the best price but it's still looking good.

I tried to convince my sister to use funding to buy more of NEA. Don't know if she did.

My thoughts? The current price is on the eve (almost) of the next reporting season which is 23 or something August.

what do the insiders know that we do not, that millions of shares change hands daily on a rising tide?

They will release the full year earnings early because it looks like they were going for another capital raising. They were pitching to Macquarie Group.

How much more will NEA go up between now and the release of the full year results?

And in case anyone wants to rush in, please be aware of the prices that those who bought early paid.

GeofW and Fargo are clever investors who monitored the prices.

Interesting times.

KY

 

NEA isn't my best performer this week. PME since mentioned last week is up 10%, 300% on purchase price, 20% in 2 week (500% ROI) and 4..63 % today ( 140% ROI). As the purchase was funded with leverage, by LOC on positive cash flow capital which has given a total return of about 12p/a, the ROC is higher.

 

Hi, interesting indeed. GeofW, I say whatever works is what it takes for us retirees.

The shares that I decided against but opted for 100% NEA are PME and NXS!!

Both are spectacular.

the reason I stick with NEA is it only still cost me 3.7 cents so even if it crashes to zero, I'm way way ahead.

But more fool me for opting for the "safe" way. It's only cost me a million so no Ferrari for me.

KY

 

My shares were bought with an LOC , NEA costs me 2cents a year in interest, about 1c a year after tax . PME cost me about 3c/year after tax so a total of 18 cents for the 6 years I have owned them ( for $26.40 gain) . but the rent from the security covers that and the deprecation on the buildings reduces the tax I pay when I sell a little to top up LOC. PME to-day up $1.30, 5% again another 160%/day ROI. NEA up 3.6% today, If the shares go south no big deal I have still reduced my debt and have income and capital growth from the security.

 

Hi,

More people should learn from you. LOC is leverage. It's no more riskier than a mortgage if you use it wisely.

The intention is to buy first, pay as you earn. What you're backing is yourself, that you have the ability to make more than the funding costs. If you make a mistake, then the real sacrifice is your earned income.

Well done you.

KY

 

Yes it can , use an LOC outside super to fund super contributions, get a tax deduction for getting a tax deduction and tax free money. After tax the money costs about about 2%( with deductions for depreciation and interest payments).

 

The results to me look good.. why are the shares dropping?

 

I guess some people were expecting too much , I think it is as good or better than could be expected But the important thing is it is very good news the company is very sound and still has very good prospects for the future. I would call it a buying opportunity even just to take a small position, I said this company will be volatile it may even drop below $3, but for the long term looks good. The results are only preliminary though. It is the nature of the beast. XRO done the same thing I took a small position at $30 the price kept falling the nearer it got to profitabillty and the more customers it signed up and though the reports were good it was on track and sound. People are just irrational, buy because other people are or sell because other people are, because the price is falling or because the charts or some magical wave tells them to sell I kept buying on the way down and loaded XRO up at $12 and soon had 500% gains. A2M done the same thing the chartists said sell it went to $4.00 dollars ignoring fundamentals and inflexion point Alex said sell, I told people buy it is now up 400% and going strong.

 

I bought at $3.33. If it dips any lower, I'm gonna buy more.

 

I bought my original batch at $0.60 but didn't top up with the Capital Raising last year at $1.60 in Sept-2018. Nevertheless, with the report and consolidation I was happy to top up at $3.48 and $3.34 with what I believe is a bit of a dip... and potentially oversold.

Volatility will remain until reporting season, however in the mid/long-term, I don't believe anything has fundamentally changed for Nearmap (e.g., Annualised Contract Value).

The Nearmap team achieved their expectations/forecast (although Mr. Market had probably priced in above-expectations performance).

The growth opportunity and pipeline forecast in both a maturing ANZ market and a growing North American market I understand is promising.

 

Apparently some advisors/brokers had baked in ridiculous expectations. I wonder if it was with an intention short it