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Nexteq

February 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • NXQ
  • Price:
  • 118.5p
Although Nexteq’s H1 revenues were just shy of the all- time H1 high set in FY18, back in September CEO Jon Jayal had been a bit cautious on his outlook as some customers had become more reluctant to commit to buying his gaming components (monitors, computer platforms, the interface to play and the cabinet) due to the high cost of capital. But it looks like the situation has quickly reversed and ahead of full year results on 13 March, Nexteq said it now expects that whilst sales will be 4% down at US$114.8m, gross margins have continued to strengthen (helped by the higher margin broadcast range at its Densitron subsidiary) and profit will be ahead of expectations (Finncap forecasts US$14m pretax profit and eps of 15.9 cents). Net cash ha ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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