On 11 December 2018, an application was sent to ASX via fax, along with a notice regarding the substantial holding of BNP Paribas Nominees Pty Limited in the securities of NEXTDC Limited (ASX: NXT) from UniSuper limited which is acting as a custodian on behalf of BNP Paribas.
Earlier, a notice regarding the substantial holding of the securities was sent to the company on 23 April 2018.
As per the previous notice, the voting powers for ordinary shares was only 8.62% where BNP Paribas held only 28,477,391 shares. After the changes in the substantial holding, the voting power increased to 9.64% where BNP Paribas holds 33,118,529 shares.
The performance of the company remains 294.75%. The five years performance of the company is 207.14%. For one year, the performance of the company is 7.16%.
For the financial year ending 30 June 2018, the company incurred a net loss of $6.639 million. The balance sheet of the company appears to be strong. The company holds a total asset of $1,235.924 million and a total liabilities of $341.947 million which is proof that the company is in a position to meet its long-term obligations. On the other hand, the company holds a total current asset of $464.222 million and total current liabilities of $36.484 million which is proof that the company can easily handle its working capital. Also, it can very well manage its short-term obligations. There is a decrease in the accumulated loss which highlights the operating efficiency of the company. The total shareholder’s equity is worth $893.977 million.
There was a net cash inflow of $33.390 million from the operating activities of the company. The source of cash outflow was the payment made to the suppliers and the employees which include the GST. Also, the company paid the interest. Simultaneously, there was a cash inflow as well as in the form of receipts from the customers; interest received, distribution received.
There was a net cash outflow of $258.815 million. Here, the main source of cash outflow was in the form of payment for plant, property, and equipment. The company also invested a considerable sum of money in the form of payment available for the sale of financial asset and payment for the intangible asset.
There was a net cash inflow of $371.569 million from the investing activities of the company. Here, the company was able to generate revenue through the proceeds from the issue of the shares of the company and other equity securities.
There was an increase in the cash and cash equivalent in the FY2018. By the end of FY2018, the net cash available with the company was $417.982 million.
By the end of the trading on 11 December 2018, the market price of the share was A$6.150 with the stock holding a market capitalization of A$2.12 billion and PE ratio 272.89x.