I agree that APDC is not cheap (from my understanding, the payback period is a bit over 16 years). The Board has been very careful in the past in the capital spending area to make sure that any capital spent produces income, so there must be good commercial reasons for NXT to pursue this purchase. I think there are 2 reasons for NXT wanting to "buy back the farm"
1. If Metronode or some other competitor purchased APDC, they could make life very very difficult for NXT. This purchase, IMO, is firstly, around risk management and
2. will help secure (or keep) long term customers who want that security.
IMO, these are the two commercial reasons why NXT is pursuing this t/o.
HT1
News: NXT NEXTDC posts FY statutory net profit after tax of $23.0 mln, page-19
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Change
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| Last updated 11.07am 02/05/2024 ? | |||||
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