Video: Craig Scroggie, CEO of NextDC
About the author:
- Author name:
- By Nick Harris
- Job title:
- Senior Analyst
- Date posted:
- 18 October 2017, 9:15 AM
- Sectors Covered:
- Telecommunications, Technology and Financial Services
NextDC (NXT) has progressively proven it can populate its data centres to generate
impressive returns. It has subsequently lowered its cost of capital, lowered
the cost to build and lowered the cost to operate its world class data centre
while at the same time adding more cloud, content, channel partners and
corporate customers to its data centre ecosystem.
NXT has now progressed
to the second round of generation 2 data centres, which creates an even
bigger opportunity to grow the business. I spoke with Craig Scroggie, CEO of NextDC, last week about the company's plans for 2018:
NXT will host its AGM in
late November and we think it's possible that larger customers could be
secured for its generation 2 facilities with B2 and M2 operational and S2 due
to go live within the next 12 months.
We currently have an Add recommendation on NextDC and it is one of our high conviction stock picks this month. Morgans clients can view further detailed analysis and the share price target for NXT here. Alternatively, please contact your nearest Morgans office for access.
Disclaimer(s): Analyst owns shares.
Morgans Corporate has been appointed as a Corporate adviser to 360 Capital Group.
The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.
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