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Bargain Shares 2024: Back this vastly underappreciated defensive play

Its products are vital for its customers and it's diversified across a range of growing markets
February 8, 2024

Aim: Share price: 119p

Bid-offer spread: 118-120p

Market value: £79.1mn

  • Free cash flow generation improving
  • Net cash rises strongly to $27.9mn (£22mn)
  • Cash-adjusted PE ratio of 6.9

Nexteq (NXQ) is primarily a hardware product business, operating as a technology design and supply chain partner to customers in gaming, medical, broadcast and industrial markets.

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