The FY 2019 results were released in a detailed trading update last week so there are no surprises today. As previously stated, the global shutdown for an indefinite period brings material uncertainty to demand across all divisions and QXT has withdrawn guidance and the dividend is paused this year. Nevertheless, we are confident that QXT remains well managed, with a strong business model and a healthy pipeline of prospects. Underpinned by a current $17.7m net cash and a property-rich balance
06 Apr 2020
Quixant - FY 2019 as expected with cash and asset strength
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Quixant - FY 2019 as expected with cash and asset strength
Nexteq PLC (NXQ:LON) | 152 3.8 1.7% | Mkt Cap: 101.5m
- Published:
06 Apr 2020 -
Author:
Michael Hill | Cavendish Research -
Pages:
13
The FY 2019 results were released in a detailed trading update last week so there are no surprises today. As previously stated, the global shutdown for an indefinite period brings material uncertainty to demand across all divisions and QXT has withdrawn guidance and the dividend is paused this year. Nevertheless, we are confident that QXT remains well managed, with a strong business model and a healthy pipeline of prospects. Underpinned by a current $17.7m net cash and a property-rich balance