NextDC: undervalued, page-53

Exactly right. And FY19 guidance is looking great using the old accounting standards at $194m to $200m rev and $75m to $80m EBITDA (new standards being $183m to $188m rev and $83m to $87m EBITDA). Global cloud sales including Azure are tracking well on targets and forecasts too and I would imagine that they would only be expanding their presence within Nextdc in the future. There -has- to be solid orders in progress given managements conservative nature to date combined with their willingness to continue to build out M2, S2, B2, P2 etc.

To conservatively meet the FY19 targets in the middle I estimate the billable levels will be around: (% based on total possible capacity)

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8
0	M1	S1	P1	C1	B1	B2	M2	S2
1	95% (14.3MW)	95% (15.2MW)	60% (3.6MW)	12% (0.6MW)	94% (2.1MW)	21% (2.5MW)	12% (4.8MW)	12% (3.6MW)

This said they usually exceed their targets.

I can't wait till the squeeze in the next few weeks/months!