David Di Pilla’s HMC Capital has turned its attention to one goal – convincing a pessimistic market that its newly listed data centre business is no stinker. And it wants to get that done before fund managers and institutional investors close shop for the year and head off for their summer holidays.

Last week, shares in DigiCo Infrastructure REIT slumped some 14 per cent on their first day of trade after a $2 billion float, the largest of the year. By Wednesday, they had recovered to trade at $4.65 per share – still a long way off the $5 that stock was priced at when the business hit the bourse.