Nexus Infrastructure – trading update emphasises “a robust balance sheet”, but for how long?…
By Steve Moore | Tuesday 3 October 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.
Now a focused on civil engineering and infrastructure services to the UK housebuilding sector in the South-East of England and London company, Nexus Infrastructure (NEXS) has issued a trading update including that, whilst it is currently operating in challenging market conditions, in the coming months it expects its order book to “significantly increase” based on a number of live conversations with customers and that it “has a robust balance sheet with cash and cash equivalents of £14.6 million at the FY23 period end and the board expects to pay a final dividend”. So what of a current share price response down approaching 7% towards 100p?
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.