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

By Steve Moore | Wednesday 1 March 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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?
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