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…
