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Nexus Infrastructure – argues half-year “good progress”, but how good really?…

By Steve Moore | Friday 19 April 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.


Describing itself as “a leading provider of essential infrastructure solutions”, Nexus Infrastructure (NEXS) has issued a trading update commencing that “for the six months ended 31 March 2024… expects to report revenue of £26m, in line with the board's expectations and is pleased to report a further improvement in the order book to £72m from £57m at 31 January 2024 and £46m at the end of FY23”. Sounds like good news then, so what of a 72.5p share price still down from 97.5p as recently as February?
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