$1 Party, page-111

Have a listen to this Podcast by Equity Mates (link below)
Its and industry deep dive into cloud computing which has blown me away.

A key takeaway for me was that this year the global public cloud services market will grow to 257.9 billion globally and is forecasted to grow to 830 billion in the next 5 years. CAGR of 17%!!

Infrastructure as a service (which DC2 is) is the prime sector to take advantage of this growth.

Either way you look at it, with good management and a 3 to 5 year hold could see this stock competing with NextDC. The best part about it is that it doesnt even need to compete with the more established businesses since even a gradual increase in market share will make a huge impact on revenue. Also, most customers are paying a recurring fee with all thier infrastructure setup on the servers which means that to avoid a headache of migrating servers they will most likely stay with DC2 for decades. Almost no churn here!

Let me know your thoughts

https://open.spotify.com/episode/7r6BCx4QsBo8GSD67qeiGK?si=0rHMiYJZTfaKUZExKCW-CQ