Nexus Infrastructure Share Discussion Threads

[mfhmfh] 16/12/2019 11:19

all buys today. 200p next stop. uncertainty over with Tory majority.

All IMHO.

[yump] 11/12/2019 12:26

This could be the only floated play thats partly on electric car charging ? Very early days though.

Theres an obvious advantage in being part of nexs, as the whole project can be handled from survey to commissioning without contracting out.

[tokyojoe007] 10/12/2019 18:22

I have done some, yes they can bid for contracts and cross sell from other parts of their business, start-up to >£1mm turnover in a year with >£2mm order book, seems this board can build another big business, as they have done with the other two. E-charging points not tied to house building either, though that is no doubt a bonus, check their website blog, the photo’s/locations and forecourt operators. I’d say they are a minnow in this emerging market, but it’s a lake of opportunity - NIA, GLA

[yump] 10/12/2019 13:07

I'm going to have to do a bit of research into electric vehicle charging market - no idea how big it is likely to become, whether eSmart is close to being a market leader, or whether there are substantial possible independent contracts to be bid for, or whether its all tied to housebuilders etc. ie. you need to win the main infrastructure project in order to have the electric charging bit.

That would seem likely to be a very slow process nationally, if all the charging was linked to projects that required planning approval.

[mfhmfh] 10/12/2019 09:45

solid update IMHO:

Cash up 13%

Order book up 17%

Dividend maintained

Re: Tamdown - ' Operational review addressing delivery issues, stabilising gross margin' & '10 new customers secured in the year'

Re: Triconnex - '27 new customers secured in the year'

[yump] 10/12/2019 09:24

So, bit of a guess but say an earnings rise of 20% as a result of a 17% rise in revenue and modest margin improvement...

Say earnings of 13p. P/e of 12. Gives share price around 160p.

Reckon this is cheap. If it keeps going and eSmart is a play on electric vehicle charging, it coukd be very cheap.

[yump] 10/12/2019 07:57

Looks like its well in the way to recovery for coming year. Order book up 17% and should be some margin recovery for Tamdown. ESmart still small but in a good place for the growth in demand for electric vehicles.

Wouldnt expect much from share price until interims - depends on forecasts - could be on a p/e anything between 12-15 based on say an imprivement to 13p earnings but I’m probably being cautious.

Good cash, dividend maintained.

[yump] 05/12/2019 14:36

Interesting. Not surprising that the share price plummeted when the news wasn't so good. Perhaps some of the original stakeholders will part with some shares in the not too distant future, although that would need another larger buyer. I doubt pi's are going to buy in bulk.

[essential] 05/12/2019 14:23

Put in an order for £5k at 170p and not filed yet.

[yump] 05/12/2019 12:51

All those times when you see 'no stock available' - 'can't get a quote'... on those bombed out penny shares where there are actually squillions of shares sloshing around...

and then there's NEXS, where the shares must be very tightly held, judging by the movements on very little £.

Plus the business itself looks like its recovering.

200p must be on the cards, but I wouldn't be buying for a while after that, until the full year's results show they've got margin back and/or the increased order book is starting to bear fruit.

[yump] 04/12/2019 15:45

ello, ello, ello, what's all this then - £20,000 of buys and a 3% rise...

[yump] 08/11/2019 16:18

Wasn't expecting it to go straight past the 140p area !

[yump] 31/10/2019 10:42

Well so far this has been easy money. Small volume causes big % rises. Perhaps its been covered somewhere but I don't think the volume is high enough for that.

[yump] 30/10/2019 18:53

Looks like it might be about to move again.

[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...