A cheerier update from one of AIM’s giants
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 range stated in the trading update of 9 August 2022 of £3.8m to £4.2m, which also appears to be ahead of previous forecasts. The Group's order book is up…