The company will purchase Spookfish, one of its smaller competitors. This will add scale to the subscription aerial imagery business, MetroMap, which remains in its early stages of development.

Morgans revises forecasts and assumes 90% revenue retention at Spookfish. Aerometrex has also gained a new customer in the US for its 3D modelling services. Morgans maintains an Add rating and $1.99 target.

Sector: Commercial & Professional Services.

Target price is $1.99.Current Price is $1.47. Difference: $0.52 - (brackets indicate current price is over target). If AMX meets the Morgans target it will return approximately 26% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2020 Acquisdata Pty Ltd., source FN Arena