Broker Upgrade, page-11

Great to see NXT back up to where it should be (though agree with you picking up NXT on the cheap would be great). You would have to be a brave person to short NXT when they are negotiating material contracts. Not sure if you saw Amazon's and Microsoft's results last night. All their cloud businesses are going gangbusters. Azure up 93%. We all know some of these large players have a home at NXT.

A combination of pending resolution on APDC issues and strong tech growth is reflecting in the share price rallying.

The falls in 2016 post cap raise was absolutely related to AirTrunk. As time passes NXT is playing more and more in the same space as AirTrunk. They are both hyperscaler cloud providers. If you follow Craig Scroggie on LinkedIn you will get insights into the future of the Datacentre market and indirectly where NXT is headed.

* (posted 3 month ago by Craig) 53% of all new datacentres will be hyperscsale https://data-economy.com/hyperscale-data-centres-double-600-amid-cloud-dominance-hike/ . As you know we recently announced land purchase for more hyper scale data centres

* (posted 2 month ago by Craig) 70% of hyperscale capex is made by Amazon, Apple, Facebook, Google and Microsoft. https://www.arnnet.com.au/article/6...rly-75b-hyper-scale-infrastructure-last-year/ . Both NXT and AirTrunk are courting these 5 customers along with IBM and Oracle.

I am not saying NXT wont experience shorting, as there are risks with sell off due to increasing 10 years US treasury yields and overvaluation in tech stocks but can't see evidence (yet) that the shorting is related to investment firms gaming the system and going after NXT specifically.