Invast Blog

Small Cap Favourites: Nearmap Limited

Nearmap’s earnings release is scheduled for Wednesday 24 August. We’ll be watching guidance very closely, this is one of the stocks we like. Only Invast clients have been given access to our exact trading recommendations – entry and exit points for the stock.

The company will broadcast its conference call here – http://www.openbriefing.com/OB/2202.aspx

We want to see more guidance on the commercialisation process and how Nearmap is thinking about its commercialisation opportunities. We don’t need to see immediate results but more of a conversation around the thinking and investment on what we think is a rock solid technology opportunity.

As we have said before, Nearmap is probably of larger value to somebody else than it is in its current form, trying to commercialise its asset base from subscription revenue. It’s an asset play in the digital space. It must continue to innovate and keep up with the pack, otherwise it runs the risk of becoming redundant in a few years. The stock is under the radar for now, but for how long? This all depends on execution.

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Keep a close eye on the commentary coming out of this result and a general sense on strategy for 2017.

Invast is very well placed to bring you some huge opportunities in the coming months. Execution costs for ASX stocks are 0.06% (6 basis points) above minimum charge, which means for a trade with a notional exposure of AUD 10,000, the applicable commission is only AUD 6.00.

To be onboard with the full set of benefits, you need to become an Invast client.

You can self-navigate through our simplified account opening process here.

 

Peter Esho

Chief Market Analyst

Peter Esho is a member of Invast’s Investment Committee and Chief Market Analyst at Invast Financial Services in Australia.   The Invast’s Investment Committee constructs professionally constructed global thematic portfolios of Direct Market Access (DMA) CFDs over highly liquid global shares and ETFs through its new PortfolioInvestor platform. Since 1960, the Invast Group has grown to become one of the largest and most successful global brokerage firms, offering state-of-the-art trading technology and unparalleled service catering to all levels of traders.

Invast Financial Services Pty Ltd (ABN 48 162 400 035) is regulated by the Australian Securities and Investments Commission and holds an AFS Licence 438283 which authorises it to carry on a financial services business in Australia.

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