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Nexteq – 2023 “materially improved profitability and cash generation”, but take profits on another winning share tip?

By HotStockRockets | Saturday 16 March 2024


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.


Industrial technology provider Nexteq (NXQ) has announced results for the 2023 calendar year emphasising “materially improved profitability and cash generation through focus on higher margin products” and “dividend of 3.3p per share proposed (2022: 3.0p per share) reflecting confidence in growth and strong cash generation”. What’s the financial detail from a current 153.5p share price?
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