Looking at NXT's quarterly cash flow statement, I will be very interested to see what the market does when NXT give their first half year/annual report/investor presentation... I suspect a few of the folks that are currently invested may not realise how long it is going to take for the company to make profits. For example, the data centre in Brisbane is being fit out at the moment ? they aren't near proper operations and significant inflows of cash (as far as I know). They have a lot of outflows and will for the near future... just looking at the numbers in the recent announcement: Net Operating cash flow = -448k
In my opinion, I think the share price has run up far too much for now...
The way I?m going to play it is wait for the half year/annual report, see if it gets heavily sold off, then try to get in. Of course I could get this massively wrong, and they might come out with some earnings surprise...
... all this strategy 'cause I couldn't get in on the IPO @ $1 ...
NXT Price at posting:
$1.68 Sentiment: LT Buy Disclosure: Not Held
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