Nexus Infrastructure Share Discussion Threads

[pr100] 09/10/2024 14:37

Check out the trading update from Hercules Site Services (HERC). Bodes well. NEXS due soon.

[pr100] 07/10/2024 10:29

Yes, the transfer of the outgoing CEO's shares to Gyllenhammer looks like a prior arrangement and PG now has enough votes to block anything he wants to. I hope he takes a seat on the board where his duty of care will be to all shareholders and not just himself. He will still need more votes from somewhere to be sure of buying the company if that is what he wants to do; but he's a value investor and the question will be how long he wants minority shareholders to stay in the picture – not that there are many shares in the public float, thanks to past management making no effort to promote it.
But with so many shares tightly held, the share price could move very rapidly at any time if new investors try to buy. The next set of results should give more clues.

[chris szabo] 07/10/2024 09:00

Well, it looks like Peter Gyllenhammer is not stopping his accumulation of shares, he's close to 30% now. It would be a shame if this company was taken over at a small premium of its current trading.

Pre Covid DSO averaged 69 days (2014-2019), with Tamdown being the dominating entity.Last 12 months it stood at 162 DSO - if Trade Receivables would go back to 69 days (as seems reasonable looking at peers like Van Elle & once the order book normalizes), this would free up c14 mio - more than its current market cap. Do your own research.

[chris szabo] 20/9/2024 13:40

I read today that there's been 1,926,505 (!) shared changing hands - with the stock price moving, but not by that much.
Does anyone have an idea what's behind that (typo, institutional sales outside the exchange etc)?

[fastbuck] 19/9/2024 19:35

Looks like a seller has sold 700,000 in a number of blocks today, a significant number of shares.Hopefully that is the reason for the drag on the share price and we can start to move up.

[markatkinson] 01/9/2024 18:07

In the latest episode of the Desert Island Investor we are kindly joined by good friend and investing legend David Barry who talks us through his varied and colourful story.

David is a Significant Shareholder ( above 3% ) in several UK listed businesses including Nexus Infrastructure.

Watch on You Tube

[chris szabo] 24/8/2024 12:40

With Mike Morris now having left the board - what are the odds that he'll lead a takeover bid before the interims are out? I really don't see another good reason to leave the board if you are the largest shareholder & founder.

[pr100] 12/7/2024 13:48

ShareProphets Buy Tip today:
hxxps://shareprophets.com/views/75463/share-tip-buy-nexus-infrastructure

[pr100] 11/6/2024 09:05

I asked two questions at last month's Investor Presentation. One got answered. The unanswered one was: Do you think that Nexus is a takeover target?

[baner] 11/6/2024 08:09

no doubt this looks like a sitting duck waiting to be taken over.......maybe by Renew Holdings as an example? at 200p this would still be an attractive price to a predator - underpinned by a strong asset base, net cash and a business that will see clearly better times in the next 3-5 years.

[pr100] 16/5/2024 17:29

They've signed significantly more new contracts than expected and cash is only down because each new contract requires initial capex. Maybe the market also likes the sound of the planned diversification. No complaints from me as I had a sizeable top-up at 72p a couple of weeks ago.

[rolo7] 16/5/2024 17:15

There are 4 big shareholders and poor liquidity

[chris szabo] 16/5/2024 11:49

Does anyone have an idea on why the stock moves so much on such a result? They're on 4 x DSO compared to pre Covid average & 2 X DPO. If they continue like this, the cash will be soon gone...

[triskelion] 06/3/2024 13:36

Full year results Thursday 7 March. Today up ~5.70% (HL), 0% (SharePad)?! ~13% spread.

[wad collector] 12/1/2024 18:34

Out on a little bounce to 92p, didn't have many anyway...good luck holders.

[wad collector] 02/11/2023 17:49

Bad to worse....

[florence141414] 20/10/2023 16:35

Hi John, can’t disagree with any of that. Whilst I had anticipated bad trading, the reality turned out to be much worse than I had feared. I also agree that there are many construction companies trading at a large discount to NTAV but I would doubt that any are trading at the same discount to cash+working capital. Although as you say, with what we’ve learned about current trading, even that discount may well be warranted.

[cjohn] 18/10/2023 19:51

Florence1414147 Aug '23 - 20:29 - 366 of 367
0 1 0
It’s such an unusual situation from an NTAV vs market cap point of view that what constitutes a disaster is only relevant in that context.

For example, they could spend the next 3 years losing 2m a year then ball it all up and return the remaining cash/working capital to shareholders....


There are many companies in the construction and housebuilding sectors trading at deep discounts to tangible asset value. This one looks riskier than most to me.

We have guidance of 6-7m of operating loss this year. That's your imagined three year losses in one year.. And that's only the operating loss. Overall loss will be more than that...

[eezymunny] 03/10/2023 06:57

So predictable pr100.
So very predictable.
More bad stuff to come I reckon...
Might be a buy after a massive kitchen sink of projects, receivables etc in a year or two...IMO

[florence141414] 07/8/2023 19:29

It’s such an unusual situation from an NTAV vs market cap point of view that what constitutes a disaster is only relevant in that context.

For example, they could spend the next 3 years losing 2m a year then ball it all up and return the remaining cash/working capital to shareholders and we’d all still double our money from these levels. I’m not saying that’s a likely scenario (not least because of the turkeys voting for Christmas element re management) but it gives an idea of just how much margin of safety there is to play with here.

[wad collector] 21/6/2023 21:07

Hmm, afraid I do. Seems like a bit of a punt now...

[eezymunny] 21/6/2023 17:10

First disaster post tender. Not the last I reckon.

Ghastly industry and the worst time to be involved in it. Shares might be cheap if no more disasters. I´m so glad I don´t own any...

[pr100] 18/5/2023 07:01

Today's interims are good. Tamdown have demonstrated that they can improve margins, make a profit and pay dividends even during a period of considerable challenge and uncertainty - and it is comforting that they have £16m cash and no debt.

They do need to work on their comms/IR but in other respects the management team seems to be doing a great job.

Will this RNS flush out some buyers? They have flown under the radar for too long.

[pr100] 12/5/2023 13:37

Optimism in the sector, from Barclays Broker Tips today:

"Analysts at Berenberg turned more positive on UK homebuilders, not least because the worst-case scenarios for house price deflation had been averted.

They also noted the relative improvement over recent months in sales rates, which supported pricing, even as modest build cost deflation was set to occur in 2024.

In particular, they upgraded their recommendations for shares of Crest Nicholson and Redrow, because their asset-backed valuations screened best within the group.

Affordability had also improved, estimating that mortgage payments had fallen to approximately 40% of a typical new homebuyers' earnings.

A "material" fall over time in average land prices was also anticipated, as were new government support measures for the new-build housing market before the end of the year.

The analysts marked up their target price for shares of Crest Nicholson from 220.0p to 310.0p and for Redrow from 466.0p to 643.0p."