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$1.94 asia pacific data centre group

Good call. I missed that

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starsky

545 Posts.

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19/05/16

15:47

Post #: 17814949
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Originally posted by 600mL ↑

Unfortunately I don't think there is any intent to sell these new facilities to AJD and then lease back as they have done previously. I read that NXT wanted to own its own land and buildings going forward.

From NXT's 2015 AGM, page 19
"Land and building ownership to drive further operating leverage and cash flows"

From the NXT Capital Raising Announcement on 23/05/15 ""

Long term ownership of property provides numerous benefits:

 Greater flexibility over the use and operation of the land and buildings

 Improvedoperatingleverage,profitabilityandcash flows

 Enhancedsecurity,enablingagreateruseofflexible longer term debt funding arrangements, which ultimately lowers NEXTDC’s cost of capital

 Shareholdersbenefitfromthepotentiallongerterm appreciation in land values""

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Good call. I missed that
AJD Price at posting: $1.40 Sentiment: Hold Disclosure: Held
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