Looks like most of the commentators think that NXT's takeover offer will be successful.
So the next item of interest will be the NXT annual result and business outlook. In regard to the outlook, there has been very little advice on progress of B2, M2 and S2. The early advice was that B2 and M2 buildings would be at practical completion by mid 2017 and S2 by late 2017. The May advice was that M2 should be at practical completion by late 2017 and no advice on progress of B2 and S2. Bear in mind that fit out will take a further 6 months at least. This slippage in building timetables has potential to impede sales forecasts and play into the hands of new providers such as AirTrunk. AirTrunk as the new player on the block has been very forthcoming on its progress
and seems to be running rings around NXT who is supposed to have all the local expertise in executing DC developments. A poor report on DC development will be the next challenge for NXT.
NXT Price at posting:
$4.17 Sentiment: None Disclosure: Held
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