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NXQ Nexteq Plc

69.80
0.30 (0.43%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nexteq Plc LSE:NXQ London Ordinary Share GB00B99PCP71 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.30 0.43% 69.80 397,588 16:35:09
Bid Price Offer Price High Price Low Price Open Price
69.00 71.00 70.00 69.50 69.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec USD 114.35M USD 10.9M USD 0.1650 4.24 45.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 O 100,000 69.00 GBX

Nexteq (NXQ) Latest News (2)

Nexteq (NXQ) Discussions and Chat

Nexteq Forums and Chat

Date Time Title Posts
31/10/202417:56Nexteq- overlooked quality 52

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Nexteq (NXQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-22 17:23:2569.00100,00069,000.00O
2024-11-22 17:23:2169.6850,00034,837.50O
2024-11-22 16:35:0969.802,7431,914.61UT
2024-11-22 16:02:5270.65704497.38O
2024-11-22 14:46:4170.0021,00014,700.00O

Nexteq (NXQ) Top Chat Posts

Top Posts
Posted at 22/11/2024 08:20 by Nexteq Daily Update
Nexteq Plc is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker NXQ. The last closing price for Nexteq was 69.50p.
Nexteq currently has 66,051,762 shares in issue. The market capitalisation of Nexteq is £46,236,233.
Nexteq has a price to earnings ratio (PE ratio) of 4.24.
This morning NXQ shares opened at 69.50p
Posted at 29/7/2024 06:28 by someuwin
...The Board therefore intends to utilise up to its full authority to purchase up to 10% of the Group's Issued Share Capital, equating to the purchase of up to a further 6,475,634 ordinary shares of 0.1 pence each in the capital of the Group, taking into account the 178,272 Ordinary Shares purchased to date. The Extended Buy Back will return up to £6.5 million to shareholders (the "Maximum Amount").
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 28/3/2024 09:09 by indiestu
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.
Posted at 17/1/2024 08:40 by nchanning
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
Posted at 28/11/2023 15:36 by gdjs100
They've been dribbling down on no volume forever, with the market makers walking down the price until they find buyers (and there don't seem to be any!)Wait too long though and if there is an ok statement, you won't be able to buy any stock.There's the dilemma!
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 23

Nexteq 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:
Posted at 13/8/2023 14:30 by nchanning
Trading on a cash adjusted PE around 10 after a big fall from the highs on what was essentially an in-line trading statement . If it can demonstrate some reliable revenue growth and margins keep recovering this could easily trade on 15-20 earnings whilst compounding EPS in the mid teens . A bargain price for a company that could easily become a stock market darling again
Nexteq share price data is direct from the London Stock Exchange

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