Nexus Infrastructure Share Discussion Threads

[yump] 25/10/2017 09:34

The figures I've seen (digital look) show revenue of £135mln for year just ended (Sept.)
and £154mln forecast for next year. EPS goes from 18.4p this year to 21.7 next.

I doubt whether that 154 forecast would have included something for the increased order book,
but assuming it did (worse case), then 25% on top of the £135 gives £168mln. (Rather than adding 25% onto the 154).
Possibly about 23p eps, which would be significantly cheap at 195p.

That's assuming the order book is a reflection of similar growth in actual revenue next year.
Obviously the whole 25% increase in order book is spread over more than one year,
so can't just add that on.

Add in a decent dividend growth forecast and it looks solid.

[yump] 25/10/2017 08:19

Trading statement out.

25% growth in order book. That should mean some good growth, yet to be priced in for next year.

"The Board expects the results for the Group for the year ended 30 September 2017 to be in line with its expectations.
The Board is encouraged by the level of growth in the Group's order book, which ended the year at GBP202.7m, a 25% year-on-year increase.
This provides Nexus with good visibility for the year ahead.

Commenting on the Group's performance, Mike Morris, Chief Executive Officer said:

"This is the first trading update since our successful Initial Public Offering on AIM in July 2017.
We are pleased to report that the full year results will be in line with our expectations and the significant improvement in the
order book provides us with confidence for our future growth plans."

[igbertsponk] 20/9/2017 15:58

Just Canaccord having bought Hargreaves Hale announcing all their resultant holdings - doesn't indicate any buys or sells.

[douglas fir] 20/9/2017 15:55

[...]

Notification of Major Holdings

CANACCORD GENUITY GROUP INC

7. Total positions of person(s) subject to the notification obligation

Total of both in % (8.A + 8.B)

Resulting situation on the date on which threshold was crossed or reached


8.19


38,117,850

Position of previous notification (if

applicable)


N/A

[steve3sandal] 31/8/2017 21:10

I like the Ruffer screen as noted in my earlier post 1 so a big thumbs up for me with their top up. I bought a few last month and hope to hold into earnings growth.

[yump] 31/8/2017 20:24

Ruffer upped stake from 8% to 10%...

[yump] 31/8/2017 09:26

Year end is September, half-year is March, so interims and/or trading update should be imminent.

[yump] 25/8/2017 17:28

Not sure I agree with that target - I've got 233p.
;-)

Actually if the shares are tightly held, they could just fly past that on the first set of results.

All it would take is say 15% growth in earnings and some coverage saying a p/e of 15 would be appropriate...

[davebowler] 23/8/2017 10:46

Numis has initiated coverage with a target price of 228p

[yump] 14/8/2017 10:59

Basic figures:

I have based earnings on the number of shares now in circulation (38mln).

Year Revenue PBT Earnings
2014 108mln 6.3mln 16p
2015 131mln 8.1mln 21p
2016 136mln 10.5mln 27p

Interim dividend is 2p and they aim to cover x3, so perhaps say 5p for the year.
That's a yield of about 2.5%.

Certainly looks a very modest rating at 190p.

Seems very encouraging that the order book went from 180mln to 187mln just between March and May this year, as a result of the recovery in project progress since the referendum.

[yump] 14/8/2017 10:37

I missed WJG, but interesting to note that at the time of its finals in January, it had a p/e of about 10, with a positive outlook.

Then suddenly it took off, as if it had been discovered.

I guess with new floats that have a solid track record, there is still some sort of 'prove it in the big boys market' attitude before serious investors buy, although the previous record can bee seen clearly in the float document financials.

Perhaps there is always a distrust of new floats, although the consumer stock floats have done OK from the start: gear4music, fevertree etc.

Infrastructure quite 'boring' compared to loss-making techs, so perhaps less pi's and more funds and the funds wait until the first lot of results are out.

[douglas fir] 12/8/2017 11:43

..agreed...hve taken a position here...one for the bottom drawer,and fits well with NMD,WJG and MGNS

[yump] 12/8/2017 10:33

Thought I'd bring this up again as less traders around at the weekend and its obviously more of an investment stock.

Having read through the float document, I'm quite optimistic.

[yump] 11/8/2017 13:42

This looks interesting, not for excitement, but for gradual dividend growth and capital growth. Aim to cover dividends x3.

Looks like they might be on the cusp of better growth, having had a flattish period around the referendum.

Ambition is to go national and they look like they've got a sound enough base for that to be realistic.

Plus housebuilding forecast to grow for some time.

Unless my calcs. are way off, the rating looks just over 10 ?

[douglas fir] 08/8/2017 18:17

looks like a nice company.....I see City Financial (David Crawford)has a stake here,presumably for defensive qualities...or am I missing something?

[jonwig] 14/7/2017 07:56

gersemi - the full url for the admission document is so long that reading your thread means a lot of scrolling across. Could you replace it with this:



which is one click away from the document, and also gives links to other parts of the website.

[steve3sandal] 14/7/2017 07:50

Thank you for starting this thread. Not yet a shareholder but certainly watchlist. Following the TR-1 notifications with interest.....Ruffer LLP in particular. They sometimes provide their rationale in fact sheets which would help me seek confirmation for my own interest.

[gersemi] 11/7/2017 07:56

Admission document: