Gain to date: 3.1% Original entry point: By at 191.5p,
ENGINEERING SERVICES GROUP Nexus Infrastructure (NEXS:AIM) says its order book has progressed from circa £180m in July to now sit at £202m. The bulk of the order book relates to its core brand Tamdown which builds roads, undertakes earthworks, creates drainage systems and constructs reinforced concrete frames for housebuilders.
Chief executive Mike Morris says Nexus has recently seen a notable increase in work with smaller housebuilders; the company has historically done most of its work for the larger players in the industry.
The other part of its business involves utilities connection under the brand of TriConnex. Launched in 2011, it has historically focused on gas and electricity before adding water connections in 2015.
Last year saw TriConnex add fibre connections to its skillset and the business recently won a deal
with Legal & NEXUS INFRASTRUCTURE
General to install FTSE ALL SHARE all four services (gas, electricity, water and fibre) to a new buildto-rent housing development. 202 200 198 196 194 192 190 188 186 JUL AUG SEP OCT