Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.
  • Page:
  • 1
  • 2

PC Medics Group - To move into Profit. (PMG)     

SueHelen - 15 Apr 2004 14:25

Roger Richardson, Director, PMG (& Nexus Management Ltd): 12/01/04
"Merging with Nexus Management Limited is still something both companies want
to achieve and the synergies between the companies are now stronger without
the old PC Medics London business. Merging together companies can be an
expensive thing to achieve and it is important that we spend our money
wisely over the coming months.

I am pleased with the progress the company has made in the past 3 months
since the re-structuring and although not much news has been around lately
we will be soon announcing our AGM, which is an excellent opportunity for
the shareholders to hear our new plans."


The story so far.....
PC Medics started life in 1999 and underperforms expectations...

08/08/02
PC Medics and Nexus Management form an alliance.
(Nexus is doing well, but not profit making and turning over 5m/year- but unlisted, PC Medics is underperforming turning over 600,000 but listed)

10/09/02, 07/10/02, 23/12/02
Directors of PMG and Nexus (and family and friends) fund working capital for investment purposes by issuing shares at 0.6p (20% above market price). Roger Richardson, CEO Nexus, and Peter Paterson (former) CEO PC Medics invest heavily.
The above have invested over 500,000 pounds between them since merger announced and this had no effect on share price. Adding up for the directors (the board), they have bought over 1m pounds worth of shares since merger was announced...and this solid support gained no shareholder confidence (i.e. no increased buying).

24/12/02
Results are announced, and these are for PC Medics only....
(not very good results....but these are only for PC Medics) The results fail to take into account Nexus Managent, its 5m turnover and all its new business opportunities! This is when I first noticed PMG

02/01/03
'nothing to report here', extended silence while the future direction of the company is decided.

27/07/03
Change of advisors (get rid of PC Medic adviser appoint Nexus specified advisor?)

01/10/03
PMG (as PC Medics) is suspended, trading in shares is no longer possible. A restructuring is announced.

01/10/03
Current CEO of Nexus is appointed CEO of PMG. He starts to wind down the loss making PC Medics. PMG is effectively Nexus Management Ltd?

Next steps.....as I see them, feel free to disagree
PMG publishes its full results
PMG shares start trading
PMG announces purchase of equity in Nexus for 1 nominal plus 100m shares @0.6p
PMG is renamed. XYZ?
XYZ is now effectively Nexus Management ltd. with over 5m turnover in high technology area. XYZ has 7 strategic partnerships.
XYZ company suprises market by huge increases in turnover (by Year to Year comparison) ditching loss making operations?
XYZ company is actually very sound and has healthy cash balance from Directors funding and sale of PC Medics operations
XYZ share price rises over time as more strategic partnerships and solid financials are produced.
Directors and family make their money back plus interest, and those along for the ride from PC Medics days make a nice profit.....everyone happy! ?


What do Nexus Management do?
Provision of computer maintenance packages to small and medium sized businesses and the provision of IT remote access diagnostic services.

Website: Nexus Management

From their website
Founded in the United Kingdom in 1989, Nexus Management began as a communications services company specializing in implementing e-mail solutions for small and medium-sized businesses in the UK and Europe. Since then, Nexus has matured into a global provider of complete strategic and technical solutions for a number of international companies operating across a variety of business sectors.

Since 1995, Nexus has operated within a remote management framework, organizing virtual project teams comprised of staff working from offices around the globe. This allows us to provide consulting and technical support services regardless of the location of our clients. Through this approach, many of the services we offer are provided remotely via the Internet and our Virtual Private Networks (VPNs); for instance, our Help Desk is manned from two locations (Dornoch,Scotland and Brunswick,Maine),we are able to offer core business hours for PST,EST and GMT and will be extending these hours to 24x5 in the near future. VPN technology also enables the monitoring and management of clients Local and Wide Area Networks (LANs / WANs) anywhere in the world.

In 2002 Nexus opened its own world class data centre in the USA and now operates a full range of data centre services such as Network Monitoring, Disaster Recovery/Business Continuity, Online Remote Backup of critical data, Co-Location and Email Replication.

Nexus Management, Inc. (US), Nexus Management Ltd. (UK) and Nexus Management Consulting are wholly owned subsidiaries of the UK holding company Nexus Management, Ltd

Stats for PMG
Bank..........................Royal Bank of Scotland PLC
Financial Advisor.........Beaumont Cornish Ltd
Auditor.......................Saffery Champness
Solicitor......................Fladgate Fielder

Company members who hold shares at a purchase price of 0.6p per share.
Party.......................Ordinary Shares...Percentage of Share capital

Directors
Boris Adlam.......................3,387,124.....2.14%
Robin Parker.....................20,330,444....12.84%
Michael Rappolt...................1,000,000.....0.63%
Peter Weller........................650,000.....0.25%
Roger Richardson.................41,666,667....15.75%
Graham Stoddart-Stones...........25,000,000.....9.45%
Peter Paterson...................53,333,333....20.17%
Former Director
Tom Elliott.........................300,000.....0.11%
Friends and family of the Directors
Doug Parry........................1,366,667.....0.52%
Peter Dane........................1,033,333.....0.39%
Alan Richardson.....................166,667.....0.06%
Kensey Green......................3,333,333.....1.26%
Jamie Scott.........................433,333.....0.16%
Employees of Nexus Management Inc
Liz Merrill..........................21,368.....0.01%
Curtis Laupheimer...................213,675.....0.08%
Helen Gaudet.........................26,709.....0.01%
Donald Winckler...................2.136,752.....0.81%
George Safford....................2,136,752.....0.81%
TOTAL...........................156,536,157....59.19% (closely held at 0.6p)

CURRENT PRICE 0.85-0.95 PENCE.

Trades over 50,000 shares are delayed in reporting by 1 hour.

draw?showVolume=true&enableRSI=true&modedraw?plotType=Candle&epic=PMG

snip24 - 21 Sep 2004 14:55 - 31 of 38

10% UP AND A LOT MORE TO COME!!!!!

Still Waiting - 21 Sep 2004 15:12 - 32 of 38

Long overdue, this could be the start of the re-rating.....

Still Waiting - 22 Sep 2004 09:51 - 33 of 38

Break out continues this morning, on-line buying restrictions still in place..

hornster - 22 Sep 2004 11:23 - 34 of 38

theres a large buyer in the market!!

Still Waiting - 22 Sep 2004 12:03 - 35 of 38

Tree shake attempt underway...

Volumes on the up again......

ateeq180 - 22 Sep 2004 20:04 - 36 of 38

any news in the pipe line?

Still Waiting - 23 Sep 2004 10:51 - 37 of 38

Nexus acq'n completion & trading update expected in near future..

Still Waiting - 29 Oct 2004 19:23 - 38 of 38

Looking to break-out now IMHO.

Any news next week and this will be on its way to new highs..
  • Page:
  • 1
  • 2
Register now or login to post to this thread.