Nearmap Flying High In The USA

It’s time for me to revert back to individual stock opportunities. The past few weeks we have been discussing the global macro picture and some of the clues that other markets and instruments have been giving as clues to the future behaviour of equities. Sometimes though despite the broader market trends there are standout individual companies and one of these that excites us once again is Nearmap (NEA) which is now expanding into the US and gaining a lot of traction. Hence the share price improvement.

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Nearmap Links Up With Google

Nearmap’s 35% surge in late November is now explained. It has now has released news of a licensing agreement which allows it to link Google Map’s “street view” to nearmap’s high resolution urban imaging service. As the agreement includes Google’s satellite imagery of the areas beyond nearmap’s urban coverage, the service is adding useful dimension.

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