Some Background...

NSB shares were buoyed by news last month of two huge contracts with WH Smith.

The GBP4m software licence fee is payable this September, plus support and
maintenance, will bring in GBP1m a year for a minimum of five years.

According to new broker Collins Stewart, GBP40m of this year estimated turnover of GBP64m may be recurring maintenance income.

The sale of the UK hardware services business has helped cut annualised costs by GBP12m. 2003 might produce break-even, before GBP10m of goodwill amortisation. Ord price: 10p

Market value: GBP32.4m

Had an eye on these but couldn't get round to researching them, Read somewhere NSB were recently tipped by IT journals, as a company with a great future especially after recent Major contract win.

NSB Retail this is just the beggining, Check out the buying interest today and you'll see Im not alone.


A lot of Institutional and Fund Buying going in background as some trades are Blocks of 250,000 -300,000 - 40k trades going through...

Expect NSB RETAIL to continue to move up again from here on after a such a long absence...

TODAYS VOLUME A HUGE 5-1 in favour of BUYS-SELLS RATIO.

Nuff said...

going up today and a great medium to long term prospect... JCP go live next month and many major contracts possibly waiting here...

strong buy...

from eaglet...which has a rather large holding in NSB...


Eaglet Investment Trust results are out and gives a positive outlook on some of the companys they have invested in ( including NSB !! ) and concludes " The next bull market has begun " :

"The recent share price performance of our recruitment companies has been most
encouraging and during the final 3 months of the year Robert Walters and MSB
achieved gains of 83% and 70% respectively. There were many strong performers
during this period as investors appetite for growth improved. The list of
companies whose share prices gained more than 50% include NSB Retail Systems
(+103%), Wealth Management Software (+95%), Compel (+86%) and APC (+77%).

It is encouraging to experience a marked turnaround in the share price
performance of many of our portfolio companies. Whilst economic conditions
remain very challenging we are continuing our efforts to help the managers of
our businesses prepare themselves for the better times ahead. The operational
sensitivity of smaller companies leaves us in no doubt that profitability will
improve dramatically when market conditions improve.

The strong recent portfolio performance has continued since the year-end and I
believe that the next bull market has begun."