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/

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!!!

Sale of part of their shares is on a deferred payment basis,hope they get paid. Would exercise caution sales figures look very optomistic.

big 5m trade went through yesterday, starting to break out now with news of a credit provider for PD due anytime now.

Let's hope the big buyer is close to the news!!

How soon is anytime?

NXS on a break-out??

looks like the Nerd force franchise is set for a rapid roll-out and with franchise sign on fees paid up front it will give a big boost to cashflows...