GDC - Global Data Centre Group

[System]

The 360 Capital Digital Infrastructure Fund aims to provide Unitholders with income and capital returns from investing in a diverse portfolio of digital infrastructure assets.

The Investment Manager believes that the digital revolution is creating a once-in-a-lifetime investment cycle in technology infrastructure assets to support the rapid growth of cloud, Internet and a hyper connected world.

The Initial Assets comprise:

• A Tier III certified data centre located in Malaga, Perth.
• An indirect minority interest in a cable landing station and data centre in Guam currently under construction.
• A 3 year Convertible Note with conversion rights at the end of year 2, with an annual coupon of 10% p.a. which is convertible into an indirect equity interest in a major global hyperscale data centre operator.

It is anticipated that TDI will list on the ASX during November 2019.

https://360capital.com.au

 

[System]

On February 26th, 2021, 360 Capital Digital Infrastructure Fund (TDI) changed its name and ASX code to Global Data Centre Group (GDC).

 

[Dona Ferentes]

early money backing out:

On Tuesday afternoon 360 Capital sold off a $42 million block, which was priced at $1.93 per share and was 33% of their holding.

A fresh funding round is also priced at $1.93 per share to raise $24 million via a placement for institutional investors and a retail share purchase plan, at a 4.9 per cent discount to its last trading price of $2.03. Shaw and Partners and Aitken Murray Capital Partners have been appointed as joint lead managers.
Proceeds from the raise will be used to fund potential acquisitions, as well as strategic investment opportunities.

 

[bigdog]

My tip for 2022

GDC – GLOBAL CENTRE GROUP

GDC operates data centres alongside a portfolio of passive investments across the data centre space. Notably, this includes a large stake in AirTrunk, which GDC jointly owns alongside Macquarie Infrastructure Group. An unlisted vehicle, AirTrunk is around five times the size of NextDC, the largest DC operator in the Asia Pacific region.

With good free cash flow and a healthy balance sheet, good tailwinds for data demand. GDC management are among the top three teams of companies it follows.

GDC expect a number of acquisitions in this data centre space and sees the company continue to grow, with significant upside from here on in

 

[Tommy Shelby]

GDC starting to claw back on the disparity between price/BV over the last 2 years with a strategic review being conducted by the fund manager (After some encouragement from Samuel Terry Asset Management & Sandon Capital) with the following actions proposed to realise the intrinsic value:

• Reduce annual fee from 1% to .5% of GAV
• Replace current incentive scheme with a tiered performance rights plan to be issued when management achieve price gains starting at $1.75 and up to $3