Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Nexus Infrastructure plc    NEXS   GB00BZ77SW60

NEXUS INFRASTRUCTURE PLC

(NEXS)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/30 12:35:10 pm
120 GBX   --.--%
06/12NEXUS INFRASTRUCTURE : Interim results for the six months ended 31 March
PU
04/21NEXUS INFRASTRUCTURE : COVID-19 and Trading Update
PU
04/09NEXUS INFRASTRUCTURE : Director/PDMR Shareholding
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Nexus Infrastructure : Response to COVID-19

share with twitter share with LinkedIn share with facebook
03/27/2020 | 03:18am EDT

27 March 2020

Nexus Infrastructure plc

('Nexus' or the 'Group')

Response to COVID-19

Nexus Infrastructure, a leading provider of essential infrastructure services, utilities connections and electric vehicle infrastructure, provides an update on the impact of COVID-19 along with the Group's response to the evolving situation.

The Board has continued to monitor the situation closely in relation to COVID-19. We have already introduced work from home for roles where feasible and have taken the decision to close down our site based activities where it is not possible to operate safely within Government guidelines. This response is in-line with many of our customers who are closing development sites in an orderly way.

The health and safety of our employees and stakeholders is our highest priority and we are fully focused on protecting the wellbeing of staff and the communities we operate within. Given the unprecedented levels of uncertainty in the immediate term we are managing the business to protect cash flow and profitability. We have identified and are implementing specific measures to save costs including a freeze on recruitment and capital expenditure, and the utilisation of Government support where appropriate.

Nexus has always been run with a very strong balance sheet and net cash position. We will continue to endeavour to do so through this period of uncertainty, whilst utilising the mitigating actions available to us. The Group has fully drawn its £5m revolving credit facility to maximise its liquidity position.

Given the unprecedented levels of uncertainty at this time and the lack of clarity on the duration of the situation, all previous guidance on the Group's future performance is being withdrawn. However, the Board believes that the Group has sufficient funding capacity to meet its commitments for the foreseeable future.

An update will be provided once there is greater certainty on the trading environment and the impact of COVID-19 on the Group. The Board remains confident in the long-term strong business fundamentals of the Group.

Enquiries:

Nexus Infrastructure plc

Michael Morris, Chief Executive Officer

Alan Martin, Chief Financial Officer

Tel: 01376 320856

Numis Securities Limited

(Nominated Adviser & Broker)

Oliver Hardy (Nomad)

Heraclis Economides

Ben Stoop

Tel: 0207 260 1200

Financial Public Relations

Camarco

Ginny Pulbrook/Oliver Head

Tel: 0203 757 4992

Notes to Editors:

Nexus is a leading provider of essential infrastructure services to the UK housebuilding and commercial sectors. The Group comprises: Tamdown, a provider of specialised civil engineering, infrastructure and concrete frame services; TriConnex which designs, installs and connects utility networks to properties on new residential and commercial developments; and eSmart Networks which focuses on electric vehicle charging and smart grid infrastructure.

Tamdown has a well-established market position having been in operation for over 40 years and currently counts amongst its customers the majority of the top ten largest UK housebuilders. TriConnex was established in 2011 to take advantage of deregulation in the utilities market with the goal of being recognised as the UK's leading independent provider of utility connections to new developments. eSmart Networks was set up in 2017 to respond to the UK's need for charging infrastructure as the transition from internal combustion engine vehicles to electric vehicles gathers pace.

Disclaimer

Nexus Infrastructure plc published this content on 27 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2020 07:17:06 UTC


share with twitter share with LinkedIn share with facebook
All news about NEXUS INFRASTRUCTURE PLC
06/12NEXUS INFRASTRUCTURE : Interim results for the six months ended 31 March
PU
04/21NEXUS INFRASTRUCTURE : COVID-19 and Trading Update
PU
04/09NEXUS INFRASTRUCTURE : Director/PDMR Shareholding
PU
03/27NEXUS INFRASTRUCTURE : Response to COVID-19
PU
02/07NEXUS INFRASTRUCTURE : Director/PDMR Dealing
PU
01/17NEXUS INFRASTRUCTURE : Award of Options to Directors/PDMRs
PU
01/08NEXUS INFRASTRUCTURE : Director/PDMR Dealing
PU
2019NEXUS INFRASTRUCTURE : Full year results for the year ended 30 Sept 2019
PU
2019NEXUS INFRASTRUCTURE : Trading Update and Notice of Results
PU
2019NEXUS INFRASTRUCTURE : Director/PDMR Dealing
PU
More news
Financials
Sales 2020 113 M 146 M 146 M
Net income 2020 - - -
Net cash 2020 10,9 M 14,1 M 14,1 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 54,3 M 70,4 M 70,3 M
EV / Sales 2020 0,38x
EV / Sales 2021 0,34x
Nbr of Employees 810
Free-Float 52,4%
Chart NEXUS INFRASTRUCTURE PLC
Duration : Period :
Nexus Infrastructure plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NEXUS INFRASTRUCTURE PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 205,00 GBX
Last Close Price 120,00 GBX
Spread / Highest target 70,8%
Spread / Average Target 70,8%
Spread / Lowest Target 70,8%
Managers
NameTitle
Michael Thomas Morris Chief Executive Officer & Director
Geoffrey Howard French Independent Non-Executive Chairman
Alan Christopher Martin Chief Financial Officer & Director
Richard Anthony Kilner Independent Non-Executive Director
Alexander Wiseman Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
NEXUS INFRASTRUCTURE PLC-40.45%70
VINCI SA-31.49%44 423
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED-9.07%32 055
CHINA RAILWAY GROUP LIMITED-9.60%18 277
LARSEN & TOUBRO LIMITED-28.43%17 504
FERROVIAL, S.A.-31.13%15 900