From the Mail today,
MANAGED service provider Nexus
Management softened 0.04p to 1.5p but
could be worth watching. Valued at a pal-
try 11m, its 24pc stake in Peach Direct is
worth about 10m. PD is a thriving US
direct-to-customer retail company which
offers brand-name consumer products.
All mailed customers of PD are pre-
approved for credit by US giant GE Capital.
Nexus has a foot in both camps and could
easily double next year.



Details of the Peach/ PD deal are on the website:-

http://www.nexusmgmt.com/

Very quiet over here given the results and PD update are due out soon.

Results are due next week and it looks like the MMs are getting short.

A 10% spread says thy are not short of stock

Prices have stayed very solid around this area which has made them a safe hold over the past few months,hopefully a good report next week will see them push on up.

NXS released news today that they have won a three year contract to provide IT services to international stategic design consultancy DEGW.
DEGW has also signed a three year support contract for it's offices in London,Bristol,Glasgow,Milan,Madrid and Munich.

It's good to see the IT side of NXS developing and not just relying on the input of PD Financial.

Very good set of results out today for NXS and should see investors rewarded for holding ,sp should move on quickly towards the 3p mark. This company keeps on growing it's money tree.

Cracking results not reflected in the sp which is now drifting down again. Not very impressed.

Any views on the future of nxs?

I'm now competely out of NXS having bought the bulk of my holding around the .5p level.

I was disappointed with the lack of progress on the bottom line, a lot of tipsters have also pushed these which means lack of news will see them sell up and move on.

Still have on my watch monitor but prefer NPT for SP growth over the next month or two.

Good Luck.

Looks like a distressed seller finally sold out today, filled the gap and recovered well at the close.

Another casualty of sub prime lending?

One of many more to come I fear, been out until now so missed my chance to reduce my holding! I think NXS will be ok though, ultimately.

More buys than sells today so it could get more volatile from now on as mm's try to balance their books.

A positive update and new lender could see the mm's have to push this a lot higher!!!

Another 1m line of stock picked up today, makes a few over the last few days now.

There need to be a lot more before this one may recover.

Recent RNS (10.1.2008):-

Admission to trading on the PLUS platform


The Company today announces that the Company's ordinary share capital will be
quoted on the PLUS platform with effect from 14 January 2008.

The Company's ordinary shares will continue to be quoted and traded on AIM and
trading on the PLUS platform is intended to enhance investor choice, improve
liquidity for shareholders and provide greater access to investors. For more
information on PLUS, visit
www.plusmarketsgroup.com

Seems to be working! Trading more on Plus at the moment.

Or is there another reason behind the rise?

Some think NEW credit provider for PD has been agreed.

If so it will remove the doubts and enable the rebound to continue.

EK has also re-iterated his 3p target for the stock.

That would be good!

Still no sign of a credit provider but NXS have finally released some value from their stake.

Probably to finance a new deal!!!