If sales in those places are picking up, then it'll make sense. There is plenty of spare capacity in Melbourne to fill up to cover the lead time to get the land purchase and building. It's harder to tell since they played around with how the numbers are presented, but VIC has contracted utilisation of only 27% with 74% built. They can double the existing sales and there would still be room left and M2 is not finished. Tell me now, do you think there's such an urgent need for M3? It will at least be 2 years away. Same with P2. Sales can be up 5 times.
NextDC Rated New Buy at Goldman Sachs; PT A$8, page-66
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Last
$17.10 |
Change
-0.090(0.52%) |
Mkt cap ! $10.26B | |||
| Open | High | Low | Value | Volume |
| $16.93 | $17.28 | $16.91 | $34.69M | 2.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4274 | $17.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.11 | 3983 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| NXT (ASX) Chart |