Yes - look I was probably a little bit short with my comment on the "simplicity" on the business. IMO the current price does not reflect current earnings, but future earnings potential. Unless I am badly mistaken I think earnings this year will only be about 2c or so , with no dividend, which is not a great return for a 400c stock. So in the very short term I would say that the price is slightly ahead of itself.
But on current known plans I can foresee eps of perhaps 35c or so in 2019 which - as a utility stock - would justify a sp of about 500c. But then you have the possibility / likelihood of future DCs opening (M3 / S2 / B3 etc), other partnerships and/or takeovers etc which could put the price (p/e ratio) way above that of a utility stock.
So I am a comfortable long-term holder and willing to accept that in the short term there may be some bumps in the SP.
6186
NXT Price at posting:
$3.83 Sentiment: Hold Disclosure: Held
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