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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Nexteq Plc | NXQ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.50 | 2.11% | 72.50 | 14:38:50 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 71.00 | 71.00 | 72.50 | 72.50 | 71.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 13/03/2024 | Final | GBP | 0.033 | 25/07/2024 | 26/07/2024 | 23/08/2024 |
| 05/04/2022 | Final | GBP | 0.024 | 28/07/2022 | 29/07/2022 | 26/08/2022 |
| 14/04/2021 | Final | GBP | 0.02 | 22/04/2021 | 23/04/2021 | 14/05/2021 |
| Top Posts |
|---|
Posted at 24/7/2024 10:51 by value hound I bought a few just above and just below 80p FWIW - for the obvious reasons of balance sheet strength and recovery potential. Fortunately, I hadn't bought previously.I notice Simon T has just reiterated his stance saying there are "Four reasons to hold Nexteq despite its profit warning.... "First, each of the directors will continue in their current roles until their successors have been identified to facilitate, so there will be an orderly handover of responsibility. Second, the collapse in the share price means that the group is an obvious bid target. Net cash of $36.9mn accounts for more than half its market capitalisation of £54mn ($67.5mn), so effectively Nexteq is now being valued on less than three times downgraded cash profit estimates of $11mn to enterprise valuation of $30.6mn. Forecast free cash flow (FCF) of $13mn (2024) and $7.5mn (2025) underpin FCF yields of 19.3 per cent and 11.1 per cent, respectively. Third, with cash building and last year’s dividend per share of 3.3p covered 2.6 times by analysts’ downgraded EPS estimates of 11c (8.5p) for both the 2024 and 2025 financial years, then shareholders can realistically expect the progressive dividend policy to continue. The shares offer prospective dividend yields of 4.6 per cent (2024) and 4.9 per cent (2025). Fourth, there is scope for new management to deploy the cash pile on earnings accretive acquisitions to mitigate some of the shortfall in profits next year. So, although today’s bombshell is unwelcome, once the dust settles the shares have recovery potential. Hold." |
Posted at 31/5/2024 11:30 by indiestu There is not really any value in the share buyback for investors. They will be held in treasury for directors awards. So the share buyback is for selfish reasons and this should be a reflection on the management. No effect on price as no less shares in issue. This company only intends to reward itself. A special dividend would have give all shareholders a fair part of the distribution. The shine is off it for me. Selling into the next rally. If there is one. |
Posted at 16/4/2024 07:26 by gdjs100 Would prefer a tender offer to a dividend, given the low share price. |
Posted at 16/4/2024 06:26 by indiestu Time to return a big chunk of that cash to shareholders. A special dividend seems in order. A buyback may be tricky considering liquidity. Likely it's on the agenda for the AGM. |
Posted at 20/9/2023 09:33 by nchanning Worth noting the fall in GBP/USD a good tailwind for NXQ as a lot of costs in GBP and revenues in USD |
Posted at 07/9/2023 08:37 by tomps2 Nexteq (NXQ) H1 2023 Results presentation - September 23Nexteq CEO, Jon Jayal and CFO, Johan Olivier present interim results for the six months ended 30 June 2023, followed by Q&A. Watch the video here: Or listen to the podcast here: |
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