Nexteq Share Discussion Threads

[gdjs100] 16/4/2024 08:26

Would prefer a tender offer to a dividend, given the low share price.

[indiestu] 16/4/2024 07:26

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.

[topvest] 04/4/2024 11:51

I've taken a small opening position. Looks an interesting company. It's not valued as a growth company. The prospect of an acquisition of something like Densitron to add a third leg to the group would be interesting. Anyway, looks high quality and management have lots of skin in the game. Found it on my trend 2 template screen.

[indiestu] 28/3/2024 10:57

Welcome to AIM.

[nchanning] 28/3/2024 10:45

Sorry this is rubbish and would be illegal without disclosing shareholding

[indiestu] 28/3/2024 09:09

That would explain the big fall at the end of last year. Their chosen broker likely has 10% in stock purchased at knock down prices to sell back to the company at a nice profit. Thought the steep fall and rapid recovery was odd but now all is clear. Anyhow good news for those who weathered it and hopefully the price can rise after this buyback is complete.

[nchanning] 28/3/2024 08:03

Well done to management for changing their mind on buybacks . It's not an admission of defeat or lack of ambition to buy back your own shares , sometimes it's just the best return available on your capital

[mirfield] 11/3/2024 12:45

One of my better holdings. Results on Wednesday 13th March.

[davebowler] 21/2/2024 15:13

SCSW summary -Finncap forecasts US$14m pretax profit and eps of 15.9 cents). Net cash has increased to US$27.9m from US$18.5m.

I suspect an acquisition will be coming down the pipe before long as Jayal has previously intimated. Buy.

[dunns_river_falls] 09/2/2024 09:29

One of Simon Thompson's Bargain Shares for 2024 - hence the jump this morning

[nchanning] 08/2/2024 09:43

Todays move prompted by some broker notes making positive comments about Quixant at gaming convention. If we get some revenue growth here the shares really ought to go ballistic . Hope Crucible clarity fund impressing on management that you don't go and acquire smaller businesses at 10 x earnings while your own diversified business trades on cash adjusted PE of less than 6, you buy back your own shares .

[dunns_river_falls] 08/2/2024 08:54

Crucible Clarity Fund increase from 3.35 > 4.12%.

Trading ahead statement. $28m in cash, no debt, PE < 10.

Breaking out

Looking good for a decent rise with such a low number of shares in issue.
Lets see!

[chris bigpunt] 18/1/2024 15:52

ok , come back in March/April 2025, when the full years are released for 2024, and we have a firm fix on the group and divisional order book. I predict the $120M peak revenue, 2022, will be reduced to the extent of a 2024 total order book, of $80M or lower, feeding into 2025 similar level revenue, You can poke fun my way in March 2025 , see you then

[nchanning] 18/1/2024 07:25

Lol . Like many other manufacturing companies they saw a big expansion in their order book during the supply chain crisis as customers looked to secure supply by ordering well in advance . As they clearly mentioned in their trading statement, a return to a 5 month order book is in line with historic norms .

[chris bigpunt] 17/1/2024 20:04

So no mention of the rumoured 30% order book drop, year on year today?! We all know with industry design cycles, this will take 12 months to feed through to revenue decline. Is it even legal to fail to mention in an announcement, the order book ? They are playing a very dangerous game potentially, just my opinion, run for the hills !

[nchanning] 17/1/2024 08:40

Mr Jayal if the share price doesn't react to this news , it's an incredible opportunity for the company to start buying back its own shares . It's not an admission of defeat or a sign of lack of ambition . When your shares trade this cheaply and you have a big cash pile it's just the best way to create shareholder value . There is no chance of finding a decent sized acquisition at a better valuation (adjusted for cash )than Nexteq's own shares

[nchanning] 17/1/2024 07:17

Well done to lion hearts who kept holding , the valuation looks ridiculous at these levels . A double from here would make sense but the market is so weak it will take time

[nchanning] 09/1/2024 09:23

Feels like the old days , when a small cap manager would just keep buying and prices would just float higher

[aishah] 08/1/2024 16:13

Nice to see a sharp rebound from the 90s here.

[aishah] 20/12/2023 09:52

Popped up on a Stockopedia small cap screen. Taken an initial position. 12m rolling fcst p/e 7.2 and peg 0.8 with a decent cash balance.
Mkt cap £62m ,EV £49m

[rossco] 17/12/2023 22:13

Just read the meeting resources pdf on the IMC website for the interim results. I was surprised to read that the increase in adjusted profit before tax from 3.5m to 5.9m was basically due to currency gains of 2.2m compared with the previous year.

[nchanning] 09/12/2023 12:59

Finally big volume today hopefully cleared out the seller . Just a tiny chance there was a 3% holder liquidating for non economic reasons and we are trading inline

[nchanning] 04/12/2023 10:04

Even on a profit warning 20% below expectations with all future years reset 20% lower this looks far too cheap with the cash pile . The year is almost over and the company should let the market know immediately if it was going to miss by that much . We haven't really had any new information since the fall from 190p , just an inline trading update , and some small director buys . Very curious

[scepticalinvestor] 02/12/2023 12:26

Curious tiddler this. One to keep an eye on