I heard from a friend in the city that volumes are steadily creeping up in NMS, it is cash rich and has good investments. Is there a stealthy bid creeping up??

The price has dropped recently due to a lack of news.
The results are out today and all looks well. In particular, the company plans to do a share buy-back which should boost the price - see last paragraph of results report before the actual figures.

Thanks for the update Pete.

NMS announced yesterday it will start a processs of capital reconstruction allowing for share buybacks. This follows the return of cash from it's Pricerunner holding and the proceeds of the dividend from partial sale of its investment in Spuetz AG.

NMS also announced it now has a venture capital portfolio which it believes can be developed and sold for more than its book value.

2 director buys announced this morning:-

LONDON (AFX) - NewMedia SPARK PLC said newly appointed chief executive Andrew Carruthers has acquired 250,000 shares, while chairman Thomas Teichman has bought 500,000 shares at 10 pence following the exercise of founder warrants.

Carruthers now holds 5,307,240 NewMedia shares, representing a stake of 1.12 pct, while Teichman owns 14,729,138 shares, or a 3.12 pct stake.

massive volume today anyone know why?

RAB capital have taken a chunky stake so possibly something is in the offing--I hope so these have been pretty dull for some time!!