what do we expect going forward?, page-3

Company was flying in the quarter pre-COVID under new CEO leadership. Material contracts were being executed in the latest quarterly.


The second part of the business - colocation data tenancies in Tasmania and Sydney seems to be improving quickly. In the latest business update, the CEO stated that colocation revenue was $3 million going into FY2021 (of which approx $1 million is profit). In the half yearly report, pre Tasmania acquisition, the aim for June quarter colocation revenue was $300k. So a marked improvement.

Then we have the business tenders that DXN have bid on in April/May. Results at any tick. NSW Gov tender first results 7th July.

NextDC has stated that coronavirus has been good for business as it has brought much more traffic to the cloud. The cloud is stored in a data centre. NextDC is filling up their NSW data space very quickly - see NXT:ASX announcement:


Whilst everyone is focused on $40 million cap junior goldie explorers - who will no doubt raise as much as they can to survive - there are little to no other ASX listed players in the junior micro data centre space. At `$17 million market cap with increasing revenues, it seems inexpensive.

Above is not financial advice and my opinion only.