+1 bumskins
Interest expense for capital on good projects would make sense. Any on vanity projects just burns cash. Company is in a stage where they need to take a hard look at themselves and start deploying capital sensibly like how they did in the past. Raise capital for projects where demand is, as evidenced from the good sales they used to achieve. Somehow. they seem to have lost their way (C1, M2). Sensible projects are not getting delivered in time (S2). P2 does not seem to make sense at the moment let alone going overseas
NextDC Rated New Buy at Goldman Sachs; PT A$8, page-63
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