7 high conviction buys for May
NEXTDC is a Data-Centre-as-a-Service (DCaaS) provider offering a range of services to corporate, government and IT companies. We have recently added the stock to our list of high conviction ex-100 opportunities and highlight a number of reasons to buy NEXTDC. 1) In a high barrier to entry business, leveraged to the high growth digital economy and now fully funded, NXT is set up to grow solidly over the next few years. 2) NXT is due to announce secondary data centres in Brisbane and Melbourne shortly, and we see the potential for NXT to sign large cornerstone deals shortly which will have the potential to make new facilities EBITDA positive from day one. 3) It is looking increasingly probable that NXT will be included in the ASX200 index in June. Visit the Morgans Blog for more on NEXTDC and to see the full list of ex-100 opportunities: (VIEW LINK)
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Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.