Skip to Content

Thoughts on NextDC (NXT) raising please

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

The Latest Q&A

Question asked

Thoughts on NextDC (NXT) raising please

Hi Guys I d like your thoughts and insight on the NextDC raising Pl`s Keep up the good work in this very choppy market cheers Paul M


Hi Paul,

Thanks for the thumbs up, much appreciated!

NXT is raising $618mn to build 2 new data centres, adding sites in Malaysia and NZ, as it expands outside of Australia. The offer effectively was placed at an 8% discount to the last price at the time of $11.78, the shares closed ta $11.73 on Thursday illustrating the markets appetite for the stock below $12, NXT also upgraded guidance albeit slightly which adds weight to the company’s expansion.

  • We like the move by this Brisbane based business as it adds a clear runway for further growth. We think the stock should trade higher over time.
image description
Back to top