noomxx, contrary to your statement that NXt has major future capex that will require cap raising:
NXT HY14 reported that capex is falling dramatically to match customer demand levels and revenue growth. Specifically, scheduled capex for H2 2014 is less than 1/4 of H1 2014 (i.e. less than $20m in H2 vs more than $80m in H1).
NXT might still do a cap raising, but it does have more than $50m in cash (as well as $30m debt facility with ANZ).
Good observation, though, on P/S ratio at 10. I attribute this to growth estimates, given that much of its infrastructure has just been built this past year or so. But clearly P/S needs to fall considerably with FY14 results, and of course eventually replaced with PEG as NXT makes real money.
NXT Price at posting:
$1.87 Sentiment: None Disclosure: Held
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