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Nexteq

October 2023

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:
  • 121p
Nexteq (formerly Quixant) has started life under its new name with a bang. Latest H1 sales were just shy of the all-time H1 high set in FY18, up 6% year-on-year to US$56.3m with good growth in the core Gaming and Broadcast markets. With pretax profit of US$5.9m and eps of 7.2 cents banked (+70%, +77%), there is clear scope to beat full year estimates of US$12.4m although CEO Jon Jayal says there has been some evidence of gaming customers becoming more cautious on buying.   Quixant (Gaming) sales grew 9% to US$34.3m driven by price increases and unit volumes (+14% to 26k). Gamblers are spending at levels equivalent to last year, says Jayal but high interest rates are causing customers to reduce their inventory. Positively, however, ...

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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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