The positive outlook & cashflow for near map australia

nearmap (ASX: NEA) has generated positive cashflow earlier than anticipated, with growth largely driven by a strong response to the company’s new subscription based service.. In late November the company announced the establishment of a paywall on the nearmap.com website to enable better monetisation of its web based PhotoMap content. nearmap’s diverse fleet of planes routinely fly and capture the most recent aerial images. This means you have access to the latest, up-to-date aerial photo imagery available. nearmap is used by thousands of companies, large and small, in a wide range of industries.

Acquired by intellectual property firm Ipernica, the Nearmap product is now core business for the firm who has divested their IP interests and renamed the company to Nearmap.  Originally a free service, at the end of December Nearmap has switched to a paywall, and turned cashflow positive within a month.

More newsInformation Services is pleased to announce that NearMap is now available to UWA staff and students as a subscribed resourceUWA’s subscription to NearMap must be accessed via OneSearch or the catalogue.

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DMS Now an Authorised Reseller of NearMap PhotoMaps

DMS is pleased to announce the signing of a reseller agreement with NearMap which sees them become one of the first suppliers of PhotoMap licences to Local Governments Australia wid

Ipo – greater asia investments

 

IPO for Greater Asia Investments

For the first time at Bell Direct, we’re pleased to provide an opportunity for you to participate in an IPO.

Greater Asia Investments established by Atlas Capital Management  is aiming to raise $70M which will then be invested in the IOFDragon Peacock Fund (managed by Prudential).

This is an exclusive opportunity for Bell Direct trading clients. Obviously Bell Direct does not provide investment advice so you should consider your own financial situation, particular needs and investment objectives before determining whether this opportunity is right for you. But if you’re keen to know more, read on…

Offer details

Investment of IPO proceeds

IOF Dragon Peacock Fund

This fund is managed by Prudential Asset Management (Singapore) Limited and has achieve 19% (net) annualised growth since June 2006

Offer price

$1.00

Minimum investment

$2,000

Investment strategy

Investment predominantly in listed equity portfolios in China and India (with a focus on large cap stocks)

Value at listing

NTA $0.94 plus Option value plus NPV of distributions

Return on capital

Proposing a return on capital after five years

Committed yearly distribution

Minimum 7%pa for entire life of the company paid half yearly as a dividend and or as a share buy back

Free option

Attached at IPO exercisable at $0.90 by 30 September 2010 with an entitlement to a further option

Management fees

1.50%pa of the value of the fund’s assets

Performance fees

20% of outperformance above an Absolute Return Benchmark of 12.5%pa based on high watermark

(May be taken in shares)

Key dates

IPO closing date

Wednesday 12 May 2010

Proposed issue date of Shares and Options

18 May 2010

Date of shares ASX listing

27 May 2010

How to invest

Go to https://www.greaterasianinvestmentsoffer.com.au/belldirect

If you have questions about the procedure for accepting the offer (including questions regarding the application form) call Computershare (the share registry) on 1300 651 853.

More questions?

Call the Greater Asia IPO Information Line on 1300 795 008 (open Monday to Friday 8.30am to 5.00pm AEST).