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Prices & Quotes - UK Markets - Nexus Infrastructure (NEXS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 225.00p
Change Today:
-3.00p
Market Cap:
102.15m
Sector:
Construction & Materials

Nexus Infrastructure growth drivers remain 'positive' amid pandemic

By Iain Gilbert

Date: Tuesday 16 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Infrastructure services group Nexus said on Tuesday that while the Covid-19 pandemic continued to cause "general economic uncertainty", fundamental market growth drivers remained "positive".
Nexus said trading conditions within its TriConnex and eSmart divisions remained "positive", with both businesses carrying "significant momentum" and performing ahead of the company's base-case scenario due to "significant growth" in new business.

However, the AIM-listed group did note that the pandemic and resulting market uncertainty had continued to "provide challenges" for its Tamdown subsidiary.

"Despite on-site activity and new business wins picking up since the year-end, trading is more in-line with the downside scenario as set out at the time of last year's placing," said Nexus chairman Geoff French at the firm's annual general meeting.

However, French added that Nexus was confident of a recovery in Tamdown's revenues and margins if industry activity returns to more normalised levels.

"With a strong balance sheet and order book of 279.0m, Nexus remains on-track to implement its recovery and growth strategy with a return to pre-Covid levels of activity in FY22," concluded French.

As of 1140 GMT, Nexus shares were down 7.91% at 150.10p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

NEXS Market Data

Currency UK Pounds
Price 225.00p
Change Today -3.00p
52 Week High 246.00p
52 Week Low 140.00p
Volume 0
Shares Issued 45.40m
Market Cap 102.15m
Beta 0.24

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NEXS Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Jun-21 20-Feb-20
Paid 09-Jul-21 25-Mar-20
Amount 0.60p 4.40p

Trades

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NEXS Key Personnel

COO Charles Sweeney