There's definitely the risk of another poor showing at M2 given the lack of announcements/activity.
That would definitely cause analysts to reassess.
I believe at the moment it's in a holding pattern, while we wait and see.
I'm expecting the FY19H1 could be mediocre.
FY19H2 should benefit in sentiment from the completion of S2.
As far as M2 go's, they have already planned to make greater capacity available, it will be important how they frame this to analysts in terms of their credibility.
NXT Price at posting:
$6.43 Sentiment: Hold Disclosure: Held
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