Much more is happening than what many are alluding to here.
Did you know that Slack and Zoom have added collectively US$50 Billion to their market caps since COVID - 19? People are consuming more data than
ever before.Or that the recent DXN cap raise was for
$5.9 million with
$2.7 million dispersed to an income producing asset (6 x EBITDA earnings)? The market cap was ~$14 million this morning!
Or that the Sydney Data Center cost around $7 million and took two years to get going?
Again, the market cap was ~$14 million this morning.
Why? Because we had a once in a decade sell off that forced the raise price down from 2 cents to 1 cents. Once in a decade, won't be happening again any time soon.
Anyone notice this below in 12/02/2020 ann to the ASX?
Notice the new CEO started in late 2019? How is he going?
Face it. Everyone (most) missed this rerating today. And it has a lot further to go.
