Pinned straw:
With market demand robust and share prices favorable, it's a wise decision for NextDC to raise capital now. It’s about seizing the moment – raising ample funds before any potential downturn that could hamper growth plans.
I'm hoping that this will be the final time NextDC needs to ask for more money from investors. From now on, I'd like to see them use their cashflow to fund any new projects they want to start.
Full thought : https://growthgauge.substack.com/p/nextdc-asxnxt-launches-a-monumental
Really smart timing with the SP close to all time highs, for sure. Management seem to have been pretty smart the whole way along and it does seem they have pretty solid tailwinds at the moment. Difficult for many new players to meaningfully enter the market given the capital outlay and then time to recoup income. With AI only really just starting it is difficult to see this being a bad move, but fully agree with @Valueinvestor0909 it would be nice to be self funded in the future. For interest, the 5 year chart looks solid.
Disc - held IRL