Tuesday, March 24, 2015

More about NEXTDC



Some more information about my assigned company 

NEXTDC's philosophy is 'Where the cloud lives'. 

I have attached below a link for an interview with Craig Scroggie, CEO of NEXTDC and Juliette Saly of CommSec regarding NEXTDC's expansion plans and the growing demands of the Cloud.

https://www.youtube.com/watch?v=ITd8K5kmTF0&feature=player_embedded

I personally found this interview helpful for me to get my head around what specific set of services my company provides.

Upon checking for any recent ASX Announcements for NEXTDC I found that in February this year it was announced that NEXTDC signed an agreement with Microsoft to enable direct cloud connectivity to Microsoft Azure (Microsoft Azure is a cloud computing platform and infrastructure created by Microsoft for building, deploying and managing applications and services through a global network of Microsoft-managed data centres) via ExpressRoute from NEXTDC data centres in Melbourne, Sydney, Brisbane, Canberra and Perth.  This agreement is significant for NEXTDC.

While reading the FY14 for NEXTDC, it was told that NEXTDC had received it's first strike against the 2013 Remuneration Report with Shareholders expressing concerns about NEXTDCs corporate governance and remuneration structures. 

It follows on to inform the reader that efforts were made to engage Stakeholders and consult experts prior to implementing the revised policies and remuneration structures that the Board believed better meet Stakeholder.  The Board went about doing this by significantly enhancing their disclosure the 2014 Remuneration Report as response to feedback received.  I am still unsure what the requirements are to receive a strike and who actually determines/issues the strike.

NEXTDC's share price rising over the last 4 months:
31 December 14   $1.88
23 February 15     $2.18
27 February 15     $2.52
23 March 15         $2.53

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