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A cheerier update from one of AIM’s giants

Virgin Wines investors case

One of AIM’s true market leaders issued an encouraging full-year trading update which lifted the shares sharply; clearly the market was fearing the worst! Elsewhere, an online wine retailer issued decent results, although given the lowly valuation the stock market still has its doubts.

Nexus Infrastructure: looking good

Nexus Infrastructure (AIM:NEXS), the infrastructure services group issued a trading update ahead for its financial year ending 30 September 2022.

Nexus expects to deliver revenues of £173m, up 26% on 2021 and seemingly well ahead of forecasts.

Revenue growth has been achieved in all divisions, with TriConnex improving by 10%, eSmart Networks by 86% and Tamdown by 26%. Group operating profit is expected to be in the…

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