Ann: Purchase of 14.1% Stake in APDC, page-17

An update on NXT from Macquarie via FNArena newsletter. Nothing new, just confirmation of the status quo and minimal impact of the action occurring with AJD
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Macquarie rates NXT as Outperform (1) - NextDC has acquired a 19.1% blocking stake in data centre REIT Asia Pacific Data Centre ((AJD)) in order to head off an attempt by 360 Capital Group ((TGP)) to remove the AJD responsible entity to be replaced with its own. Next rents space from AJD.

The broker believes the risk to those leases is relatively low whatever the outcome and sees any share price weakness as a buying opportunity. Outperform and $4.30 target retained.
Target price is $4.30 Current Price is $4.27 Difference: $0.03 If NXT meets the Macquarie target it will return approximately 1% (excluding dividends, fees and charges). Current consensus price target is $4.75, suggesting upside of 11.2%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 0.00 cents and EPS of 4.80 cents .At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 88.96. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 6.0, implying annual growth of N/A.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus EPS estimate suggests the PER is 71.2.Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 0.00 cents and EPS of 6.00 cents .At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 71.17. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.0, implying annual growth of -16.7%.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus EPS estimate suggests the PER is 85.4.