Smurph, if you read my previous posts, you'll find that this is within expectations. Revenue increasing only 17% yoy but overheads jumping until loss making. Salary expenses increased 25% yoy seemed pretty excessive. Results ever since the last capital raising has been pretty lacklustre and the last half year hints deliberate obscuring of certain information particularly segment reporting. Coincidentally, has anyone noticed missing information in the Annual report and Half yearly report particularly to Key Management Personnel? A Chief Accounting Officer(from Nextdc website) was appointed in May 2018 but was not reflected in the Annual Report and half year report. Wonder why the company chose to hide this appointment. In any case, Nextdc will be requiring cash in the next 12 months if not sooner if based on the cashflow statement analysis refer to my previous posts. Couple of things needs to happen for the SP to get better. Large sales, completion of S2 and hopefully at year end return to profit or a reduction in losses though this will be unlikely. Will be good if management focus on Sales and improving building progress rather than vanity projects and stretching resources.
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