ASX:NXT

NEXTDC

NEXTDC

The company announced a $1 billion wholesale offer of subordinated 100-year hybrid securities that has been backed by Quebec-based pension group La Caisse.

NEXTDC is under Algo Engine buy conditions.

13/2 update: Hold

Buy witha stop loss at $12.34

NEXTDC is under Algo Engine buy conditions.

Buy witha stop loss at $12.34

NEXTDC

NEXTDC is rated a buy with the stop loss at $14.94

NEXTDC is an open trade with a stop loss $15.

NEXTDC is rated a buy at $14.91

NEXTDC is rated a buy with the stop loss at $15.27. We suggest waiting until the price action crosses above the 10-day average.

Nextdc FY20 revenue $200m, EBITDA $104m and EPS negative $0.12. Nil dividend.

Excluding depreciation and amortization add-backs, NXT operates at a loss. We continue to monitor the recent claim made by a fund manager, regarding the questionable accounting standards adopted by the company.

NXT is now guiding to FY21 revenue to be in the range of $240m – $250m.