Nexus Infrastructure (NEXS)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

82.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 171.00
  • 52 Week Low: 75.00
  • Currency: UK Pounds
  • Shares Issued: 46.18m
  • Volume: 22,698
  • Market Cap: £38.10m
  • RiskGrade: 174

Nexus Infrastructure FY trading impacted by 'challenging market conditions'

By Iain Gilbert

Date: Tuesday 03 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Civil engineering group Nexus Infrastructure said on Tuesday that it was currently navigating "challenging market conditions" and now sees its full-year performance coming in lower than previous expectations.
Nexus expects to report full-year revenues of approximately £85.0m and an operating loss in the range of £6.0m-£7.0m - lower than the board's previous projections as a result of ilke Homes going into administration, a lack of new order activity due to difficult market-wide conditions, up-front costs in relation to rightsizing the group's resources and " prudent approach" on aged customer debt, where a significant portion has been written off.

However, the AIM-listed group remains confident that the housebuilding sector will recover, not only due to the chronic undersupply of housing but also because of engagement with its longstanding customers.

Chief executive Charles Sweeney said: "Whilst we face challenging market conditions, we have taken decisive action to respond and rightsize the business. The strength and quality of our offering and strong financial footing mean we are well-placed to return to a growth trajectory when the housebuilding market improves."

As of 1040 BST, Nexus shares had sunk 9.09% to 100.0p.





Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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 82.50p
Change Today -2.50p
% Change -2.94 %
52 Week High 171.00
52 Week Low 75.00
Volume 22,698
Shares Issued 46.18m
Market Cap £38.10m
RiskGrade 174

NEXS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.84% below the market average3.84% below the market average3.84% below the market average3.84% below the market average3.84% below the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Price Trend
77.29% below the market average77.29% below the market average77.29% below the market average77.29% below the market average77.29% below the market average
75.61% below the sector average75.61% below the sector average75.61% below the sector average75.61% below the sector average75.61% below the sector average
Income
90.07% below the market average90.07% below the market average90.07% below the market average90.07% below the market average90.07% below the market average
81.25% below the sector average81.25% below the sector average81.25% below the sector average81.25% below the sector average81.25% below the sector average
Growth
35.24% below the market average35.24% below the market average35.24% below the market average35.24% below the market average35.24% below the market average
21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average

NEXS Dividends

  Latest Previous
  Special Interim
Ex-Div 16-Mar-23 01-Jun-23
Paid 03-Apr-23 30-Jun-23
Amount 163.00p 1.00p

Trades for 26-Feb-2024

Time Volume / Share Price
14:52 2,925 @ 81.40p
14:00 4,500 @ 82.00p
14:00 4,400 @ 82.00p
14:00 100 @ 82.00p
11:35 3,450 @ 75.00p

NEXS Key Personnel

CEO Charles Sweeney
CFO Dawn Hillman

Top of Page