Nexus Infrastructure (NEXS)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

80.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 171.00
  • 52 Week Low: 75.00
  • Currency: UK Pounds
  • Shares Issued: 46.18m
  • Volume: 63,250
  • Market Cap: £37.18m
  • RiskGrade: 174

Nexus Infrastructure CEO waives salary as co pulls guidance

By Iain Gilbert

Date: Tuesday 21 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Infrastructure services firm Nexus said its chief executive would take no salary and staff furloughed as a result of the Covid-19 pandemic.
The AIM-listed group said chief executive Michael Morris had taken a "100% reduction in salary" to help conserve cash during the outbreak, while non-executive directors and its chief financial officer took a 50% pay cut.

The company also pulled guidance and furloughed 713 employees after closing down site-based activities

Nexus said on Tuesday that while revenues in the six months ended 31 March had risen 18% year-on-year to ?84.2m, trading in March itself was disrupted by the pandemic.



Nexus said it had a "strong" balance sheet, with ?19.6m in cash on hand at the end of the half but cautioned it was unable to provide accurate market guidance for the second half of the year.

"Looking further ahead, our experienced management team, sustainable business model and strong cash flow characteristics means we are well-positioned to prosper in the long-term," said Nexus.

As of 0855 BST, Nexus shares had slumped 12.50% to 154p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

NEXS Market Data

Currency UK Pounds
Share Price 80.50p
Change Today -2.50p
% Change -3.01 %
52 Week High 171.00
52 Week Low 75.00
Volume 63,250
Shares Issued 46.18m
Market Cap £37.18m
RiskGrade 174

NEXS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.22% below the market average6.22% below the market average6.22% below the market average6.22% below the market average6.22% below the market average
12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average
Price Trend
72.69% below the market average72.69% below the market average72.69% below the market average72.69% below the market average72.69% below the market average
80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average
Income
66.46% below the market average66.46% below the market average66.46% below the market average66.46% below the market average66.46% below the market average
47.06% below the sector average47.06% below the sector average47.06% below the sector average47.06% below the sector average47.06% below the sector average
Growth
45.43% below the market average45.43% below the market average45.43% below the market average45.43% below the market average45.43% below the market average
46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average

NEXS Dividends

  Latest Previous
  Final Special
Ex-Div 07-Mar-24 16-Mar-23
Paid 05-Apr-24 03-Apr-23
Amount 2.00p 163.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:32 2 @ 85.62p
16:24 1 @ 85.62p
15:40 1 @ 85.62p
13:08 24,752 @ 76.00p
13:11 227 @ 82.77p

NEXS Key Personnel

CEO Charles Sweeney
CFO Dawn Hillman

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