Nesco

Interesting that hall 6 is out of action. Says its being dismantled? Does anyone have any more details about this?

Hall 4 is where the next phase of the IT park is due to be constructed afaik. So that expansion unlikely to happen anytime soon if they are renting it out to exhibitors.

The management seem to be only capable of executing one project at a time. And sometimes taking a few years holiday between finishing one and starting another. Then they mess around and don’t avail of the huge fsi discount that was on offer in 2020/21 which was a few 100s crs. And so on.

You cant fault them. They are already rich. They seem to be happy with lumpy growth once every 7 years or so. They don’t seem to be too bothered if they reach full developmental potential in 15 years or if it takes 30 years.

There will be one year of growth as bec rev normalises to the pre covid trend. But after that expect about 5 lean years. The underlying rev growth of existing assets is about 5pcpa.