DigiCo CEO confident against Firmus threat despite share price struggles
Michael Juniper says he is focused on closing the gap between the company’s market value and the underlying value of its assets.
DigiCo CEO Michael Juniper is unperturbed by the long shadow cast over the market by IPO hopeful Firmus, insisting he is tightly focused on reversing the more than 50% drop in his company’s share price over the last year.
Two months into his tenure at DigiCo, Juniper tells Capital Brief he’s unbothered by the actions of his rivals as he has been in the industry for “almost 20 years”. And he has bigger concerns after a difficult year on the ASX.
“We need to close the gap between our market valuation in terms of share price and our net asset value, but I can tell you that our data centre asset base and our platform is extremely high quality,” Juniper said.
He stressed that the group’s data centre assets — particularly SYD1 near the Sydney CBD — are “very strategically located across the country” and are underpinned by “hundreds of customer relationships providing very stable and diversified recurring revenue”.
