This 125-year-old is in great shape
An elderly AIM company covered here has just announced stunning interim results leading to a big upgrade. It looks well-placed to benefit from the rising interest rate environment. Elsewhere, contract delays pushed down the shares of a company doing nicely from EV charging; we assume it's just a temporary blip.
Nexus: contract delays in newest division A trading update from Nexus Infrastructure: (AIM:NEXS), a provider of infrastructure services, including utility connections, brought a sharp sell-off in its share price. The Group’s newest eSmart Networks business, which provides public electric vehicle charging infrastructure, industrial electrification and renewable energy connections, has experienced some contract delays in the conversion of its order book to revenue. This is due to longer lead times dictated by customers and longer lead times relating to the manufacture and delivery of specialised equipment on projects. As a result of these delays, a portion of the order book that…