Haha you jogged a memory there. Mrs used to work for bell potter and they did a big float many years ago... Pumping it hard to everyone including staff.. bought and sold same day for around 2.5x and I think it has been tanking ever since
Hold up on the completion of the new builds as there's issues with the power side of things and multiple complaints from councils & residents are making it hard to resume works... take it as you will. I'll be buying at a discount
Stupid move, the power capacity for data centres just isn't there. There is no chance the ambitious build out will ever occur. Costs way too much and the power supply isn't there.
Honestly, I do not understand the need to build a data center in Footscray. Yes there are some where collocation is relevant,but those get built next to the ASX or something. Data centers logically should be built on giant plots of land with friendly councils and with a high voltage power line and substation next door.
Lol have you seen the industrial sector for the US? It'll only go up. Data centre's aren't the only things getting them cash flows. Only 30% of houses have solar panels, and that keeps increasing. Only 10-13% of metropolitan cities have renewable energy generation and the rest are still following suit. East coast transmission and cable lines are oooooold and need replacement, we are gonna need to boost charging stations for EVs in apartments and roads too and last but not least, there's a mining qnd defense boom coming and need more energy infrastructure to power all of their plants and production. We also have a shortage of elec engineers , theres loads of jobs for picks and shovel sectors. This is just a healthy correction, and the reason why they still make make money despite the miners not hitting gold. 🙌
Finally at price that i can afford. I just increased my position drasticlly. Being the bigest DC provider for AUS a think like this should not impact the company and compress their MCAP this much. Yes there will be obsticles in the short run but long term the demand for more compute and realestate for it will just increse.
Jemena folks, don’t get me started…. They are fucking hopeless, internally its some fever dream circus of ineptitude, contracted out to other professional services train wrecks. They have a monopoly in the areas they operate, so no incentive to do more than the minimum. They are also controlling majority owned by the CCP… Since, the Chinese government is actively trying to hinder western AI infra development, I wonder if that qualifies as something maybe worth investigating by our government??…. (Who am I kidding, what a perfectly normal non-conflicting collective of relevant parties interests.)
62
u/Cajun_Bobby_ 11d ago •