Nexus Infrastructure Share Discussion Threads

[boadicea] 29/10/2019 16:31

...and most of it in one huge trade (808k, over 2% of the issue) at mid-price which didn't affect the share price So what was that all about?
Presume a mm has been saving them up for someone.

[mfhmfh] 29/10/2019 15:41

high volume today.

[yump] 23/10/2019 08:37

Thanks - I’m not sure i would have bought more near the bottom if it wasn’t for the directir buys - hardly ever seen as many together.

Looks like one of those occasions where warnings dont come in 3’s.

Anyway order book looks like its up almost 10% just since interims. I think theres a good chance of profit recovery back to previous levels. They mention project acceleration recently and esmart keeps growing.

Fair chance of significant rerating once full year results out and outlook statement appears.

[jonwig] 23/10/2019 08:29

yump - Well done with your pick and your timing here!

[yump] 21/10/2019 15:58

Another bit of modest buying and up 3%.

[yump] 17/10/2019 12:15

Anyone else got any comments on likely recovery here ?

I'm not entirely sure what effect Brexit has on infrastructure project delays, as there seem to have been delays for the last xx years, regardless of who is in power.

Some of the problem here was cost increases, which is company specific. So I'm kind of going by the director buys a fair bit and the increasing pipeline.

At some point, even if every project suffers delays, with an increasing pipeline of work, annual revenue and profits will rise as the projects proceed - it will just take longer to get into the projects overlapping regularly.

Sorting out the project costs seems more of an issue.

[yump] 03/10/2019 09:51

Last few weeks before the recovery imo dyor etc. At least I'm ramping something that isn't at a all time high ;-)

If there is a significant recovery this will move very quickly, judging by the movements on tiny £.

I reckon its still a good long termer - its in an area of general long term demand - the problems are in planning delays and complications with contracts.

For those of you who worry about construction, NEXS pre-tax profit margin was about 4% at interims (dropped because of issues in last statement), and about 6.5% last year. Probably why they didn't drop the interim dividend.

Those are pretty good for construction. The top 100 only average about 2%.

[yump] 17/9/2019 09:51

Year end is September. Last year trading update around 25 Oct.

[yump] 16/9/2019 09:26

Yet another director buy. If the next report hasn’t turned positive there’s going to be egg on faces.

[yump] 13/9/2019 17:49

I think I'll keep bumping this, just to be controversial. ie. not the done thing to support stocks when they've plummetted, you're supposed to get over excited when they reach new highs, so it adds to your credibility ;-)

Note of caution:
It jumps and drops on low volume, so if it gets anywhere near 150p, could be a sudden pullback, although I suspect the spread doesn't make it a trading share.

[yump] 13/9/2019 11:22

Quick summary:

Last full year eps was 19p, obviously before profits hit by delays/cost increases.
Profit was about 6.5% of revenue, not bad for contracting business.
Increasing order book - 66% since IPO.
Dealing with cost issues.
At interims, interim dividend maintained.
Net cash up at interims.
Interim eps 5.6p.

I'm not surprised directors have been buying.

If you pencil in some increases in revenue and no more increases in pro-rata costs associated with those revenues...

[yump] 10/9/2019 09:37

Credit to them, they’ve not really blamed brexit.

Our infrastructure and housing delays are a bit of a national disgrace, given the need for improvements for the public good with social and assisted housing and the farcical lack of integrated transport planning.

[jonwig] 10/9/2019 05:21

Hi, yump.

Haven't looked at this in over a year, but the director deals could well be significant, yes. I guess it's just the sort of company (supporting UK construction) which could get a bounce on a Brexit deal!

[yump] 09/9/2019 22:02

Thought I'd bring this to the top in the evening - for LTBH's...

A whole string of director purchases plus Ruffer increasing stake by 2%, since the interims which showed a drop in profits, but an increasing order book, after which the share price has more or less halved back to its float price.

Read into that what you want, but I've not seen such a cluster of buys for quite some time in any PLC, apart from share options in very large PLC's.

If they get anywhere near historic profits in the next 2 years, this is an easy 2-bagger+ imo.

[sammyshares] 12/8/2019 19:47

If £1 does not hold.. then where

[sammyshares] 12/8/2019 12:31

NEXT crash is sub £1

[sammyshares] 12/8/2019 12:31

The pattern continues, a little bit of buying and then crash down.

[sammyshares] 12/8/2019 12:30

It is always the case. It drifts down or continues to crash but down.

[sammyshares] 12/8/2019 12:29

Delays mean one thing on the market. The share price drops down.

[yump] 12/8/2019 11:48

Steady stream of director buys. Construction shares have had a hammering recently, partly because of constant delays, but it still has to take place.

The thing with delayed starts, is that if the projects still take place and take the same time to complete, then an increased order book means increased annual profits, once the delays all overlap.

[shauney2] 05/8/2019 08:59

A non exec bought last Friday.Ticking up now.

[goldry] 01/8/2019 15:51

Not feeling that brave today :-)

[shauney2] 01/8/2019 15:41

It could well be Goldry but you go first;-)Like to see the chart turn up.

[ronin92] 01/8/2019 15:32

Could be. Blackrock also sold down their stake in FCRM so perhaps they don't like this sector anymore.