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Results: NEXS

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Nexus Infrastructure – details tender offer and what’s the outlook from here?

Last month Nexus Infrastructure (NEXS) announced that it had completed the sale of its TriConnex (multi-utility networks) and eSmart Networks (renewable and electric vehicle charging infrastructure) businesses for £77.7 million and that “a circular containing details of… tender offer as well as a notice convening a general meeting of shareholders is expected to be published shortly”. This has now been published and so what of a current 162p share price, £73.8 million market cap?

Nexus Infrastructure – I having previously questioned if its confidence was justified, what of a latest “trading update”?

Previously writing on utilities, civil engineering and energy infrastructure company Nexus Infrastructure (NEXS), last year with the shares at 175p I noted the particularly eSmart Networks trajectory looked interesting but the possible trading recovery required and pre-Covid performance concerns saw these shares only on the watchlist. They last closed at 167p, and why are they currently down to 145p on the back of a “trading update”?


Nexus Infrastructure – ‘profits in line’ (are they?), ‘order book provides good visibility of earnings’ (does it?)…

Provider of infrastructure services to the UK housebuilding and commercial sectors, Nexus Infrastructure (NEXS) has updated with a headline “Profits for the full year expected to be in line with market expectations” and a statement including “the continued growth in our order book provides us with strong visibility of future earnings and gives us confidence in the future… The board believes that the group is in a strong position to deliver consistent organic growth, aided by the structural undersupply in the UK housebuilding market and Government stimulus for the sector”. The shares have responded up to 140p – though that down from 216p reached in April. Hmmm…

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