Nexus Infrastructure (NEXS)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 228.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 246.00p
  • 52 Week Low: 140.00p
  • Currency: UK Pounds
  • Shares Issued: 45.40m
  • Volume: 10,000
  • Market Cap: £103.51m
  • RiskGrade: 174
  • Beta: 0.15

Nexus Infrastructure growth drivers remain 'positive' amid pandemic

By Iain Gilbert

Date: Tuesday 16 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Infrastructure services group Nexus said on Tuesday that while the Covid-19 pandemic continued to cause "general economic uncertainty", fundamental market growth drivers remained "positive".
Nexus said trading conditions within its TriConnex and eSmart divisions remained "positive", with both businesses carrying "significant momentum" and performing ahead of the company's base-case scenario due to "significant growth" in new business.

However, the AIM-listed group did note that the pandemic and resulting market uncertainty had continued to "provide challenges" for its Tamdown subsidiary.

"Despite on-site activity and new business wins picking up since the year-end, trading is more in-line with the downside scenario as set out at the time of last year's placing," said Nexus chairman Geoff French at the firm's annual general meeting.

However, French added that Nexus was confident of a recovery in Tamdown's revenues and margins if industry activity returns to more normalised levels.

"With a strong balance sheet and order book of £279.0m, Nexus remains on-track to implement its recovery and growth strategy with a return to pre-Covid levels of activity in FY22," concluded French.

As of 1140 GMT, Nexus shares were down 7.91% at 150.10p.

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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 228.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 246.00p
52 Week Low 140.00p
Volume 10,000
Shares Issued 45.40m
Market Cap £103.51m
Beta 0.15
RiskGrade 174

NEXS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.21% below the market average36.21% below the market average36.21% below the market average36.21% below the market average36.21% below the market average
40.54% below the sector average40.54% below the sector average40.54% below the sector average40.54% below the sector average40.54% below the sector average
Price Trend
80.01% above the market average80.01% above the market average80.01% above the market average80.01% above the market average80.01% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income Not Available
Growth
56.34% below the market average56.34% below the market average56.34% below the market average56.34% below the market average56.34% below the market average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average

NEXS Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Jun-21 20-Feb-20
Paid 09-Jul-21 25-Mar-20
Amount 0.60p 4.40p

Trades for 03-Dec-2021

Time Volume / Share Price
11:17 584 @ 228.00p
10:48 500 @ 228.00p
10:39 500 @ 228.00p
10:31 1,101 @ 228.00p
08:37 5,000 @ 229.00p

NEXS Key Personnel

COO Charles Sweeney

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