They do own roughly ~$60M in APDC atm. Though looks like 360 Capital wants to push ahead with a capital return.
I didn't quite get the idea of leasing S2 after the APDC fiasco.
I don't know if it would be prudent to invest any further at this stage. P1 & C1 definitely show that it isn't always a sure-thing.
So far recurring revenue has been growing by ~$30M/year. Would like too see that continue and ideally grow.
The company's position on Airtrunk seems to be that they are a 'Wholesale' provider and NextDC will be instead trying to chase premium clients through their premium value added marketplace (?).
I'm not sure how that plays out if Airtrunk snares your AWS's (cloud's), etc. And then an increasing share of customer loads ends up in your AWS's.
Just how big will the premium market outside of these clouds be?
NextDC are definitely good at the technical side of things. Just curious how competition plays out.
NXT Price at posting:
$5.67 Sentiment: Hold Disclosure: Held
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