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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nexus Man | LSE:NXS | London | Ordinary Share | GB0030379423 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.085 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/10/2012 13:29 | Fair point Marab, I had assumed that it has the backing of existing major shareholders from the wording and it will be a formality at the EGM. It seems a question of a big percentage of nothing compared to a reduced percentage of something. | melton john | |
30/10/2012 12:27 | Melton John - all good and valid points except for the 75% control as that only comes if the deal is agreed at the GM. If enough people vote against it - no deal. According to the website (updated this morning strangely enough) t1ps owns about 19.2%, and there is another 18% listed so a long way short of what they need. | marab | |
30/10/2012 11:42 | The fact they have 75% control means that they can pretty much do as they like, even de-list or go private. Not for widows and orphans, you could be tied up for years with a very limited scope for selling shares. | melton john | |
30/10/2012 11:27 | marab obviously not at this level then? | argy2 | |
30/10/2012 11:25 | ARGY2 - as usual with this sort of thing, those that know what is happening will pick up the sells at a price they think is cheap. | marab | |
30/10/2012 11:11 | Well that went down well with the City! | argy2 | |
30/10/2012 09:12 | so my 350,000 will become 1166 | asher | |
30/10/2012 08:26 | That's not far off the price TW was last paying!! Bless him! | argy2 | |
30/10/2012 08:06 | Could be worse, the business will be bigger and the true cost per new share for the purchase appears to be equivalent to the current 0.11p. | marab | |
30/10/2012 07:30 | Nexus Management Plc, the AIM quoted provider of specialist IT Managed Services, announces that it has entered into conditional agreements to acquire the entire issued share capital of Enables, a company which operates in the IT Managed Services sector. The consideration for the acquisition is approximately £4.25 million, which will be satisfied by the issue of 11,798,475 New Ordinary Shares (representing approximately 74.47 per cent. of the Enlarged Issued Share Capital of the Company). Following Admission and the implementation of the Proposals, the Concert Party, comprising of Michael Walliss, Erica Walliss, Martin Bradburn and Marcus Yeoman will hold interests in Ordinary Shares in excess of 30 per cent. of the Enlarged Issued Share Capital and would normally incur an obligation, under Rule 9 of the City Code, to make a general offer to the Shareholders. However, subject to the approval of Shareholders on a poll at the General Meeting, the Panel has agreed to waive this obligation. In addition, it is proposed to effect a Capital Reorganisation on the basis of the following two steps: 1. The Existing Ordinary Shares in Nexus will be consolidated by a ratio of 300 to 1. Following this step the resulting ordinary shares in Nexus will have a nominal value of £0.75. 2. Each resulting ordinary share of £0.75 will then be sub-divided and re-designated into 1 New Ordinary Share of nominal value £0.01 and 1 Deferred Share of nominal value £0.74. On Admission, it is proposed that Marcus Hanke will resign as a director of the Company, Martin Bradburn will join the board of the Company and Mark Barney Battles will become Non-Executive Chairman. Further details of the Directors and the Proposed Director of the Company are set out below. Completion of the Acquisition is conditional, inter alia, on the passing of the Resolutions and Admission becoming effective by not later than 30 December 2012. A General Meeting has been convened for 10.00 a.m. on 23 November 2012 for the purpose of considering and, if thought fit, passing the Resolutions. Subject to the conditions being satisfied, completion is expected to take place upon Admission. Application will be made to the London Stock Exchange for the Enlarged Issued Share Capital to be admitted to trading on AIM. The AIM Admission Document, which comprises a circular to Shareholders and notice of the General Meeting, will be posted to Shareholders and will be available from the Company's website, www.nexusmanagementp will become effective and that dealings in the Enlarged Issued Share Capital will commence on 26 November 2012. Commenting on the transaction, M Barney Battles, Executive Chairman of Nexus Management plc and proposed non-executive Chairman of Enables IT Group plc, said: "We believe that Nexus's existing foothold in the US markets will offer an ideal opportunity for Enables to cross sell into this substantial and lucrative market. In addition, we believe that the Enlarged Group will benefit from a significant increase in the critical mass of the UK business which, with the broader client base, will de-risk the US focus of the business and will offer further cross selling opportunities. The added strength to the management team following completion of the transaction should allow for increased leverage of the business through both organic and acquisitive growth." | b1naries | |
30/10/2012 07:07 | News out, haven't read it all but just on the surface it appears that existing shs have been had over, no change there | sweepie2 | |
24/10/2012 00:30 | Things are about to change..... | bishopawn | |
23/10/2012 22:21 | "Nexus might be a useful partner to facilitate that expansion" roflmao They certainly haven't demonstrated any ability to facilitate anything in my memory. Pigs might fly too. | melton john | |
23/10/2012 21:54 | nope...must be lots going on in the background at this stage and I am just wondering if there is a link with another AIM company...but I would not like to speculate at this stage on trying to name that company. With Barney Battles involved in a number of plays currently, one just never can tell what could come off. I think they must be keen to get something across the line by the first anniversary of coming one board though, one way or another. The obvious prediction would be that Nexus and Enables merge or reverse. I hear they would make a good fit in the UK side of the business. Does Enables want a route into the USA market? If it did, Nexus might be a useful partner to facilitate that expansion. A good deal which promised enhanced shareholder value would certainly see the shares re-rated from this ridiculously low level. £1.47 million capitalisation...... | bishopawn | |
23/10/2012 17:15 | Love your faith unless it was your £5,000 buy | sweepie2 | |
23/10/2012 11:54 | Seems to be perking up for some reason. | bishopawn | |
23/10/2012 10:15 | Thursday next week will mark the first anniversary of the change of directors. As the announcement on 1st November 2011 said: "The New Directors bring a considerable public company experience and specialise in the area of cost control with a proven ability to seek out earnings enhancing acquisitions to help companies achieve critical mass. The search for suitable acquisitions is already underway. The then executive chairman Roger Richardson commented: "By bringing onto the board new talent it is Nexus's intention to unlock the potential of this business so that we can restore and then enhance shareholder value. The record of Messrs Yeoman, Hanke and Battles speaks for itself and we look forward to updating investors on progress in the coming weeks and months." Some news on the acquisiton front is overdue and could we get it next week?? | bishopawn | |
23/10/2012 09:42 | Nice one to start the rally....!! | bishopawn | |
20/10/2012 10:06 | This company really fills one with confidence - NOT !!!!! On their website, they state that SF T1ps Smaller Cos Growth Fund hold 19.2% I thought they no longer existed. And this was last updated 7 June - great for a so called IT firm. | orado | |
10/10/2012 15:58 | Yes very certain, I subscribed to their monthly newsletter years and years ago when I thought they had a chance of giving us mug investors a return, still turns up every month in guess what MY JUNK INBOX LOL, not far what the company is | sweepie2 | |
10/10/2012 15:29 | Not being funny Sweepie are you sure it's the same Nexus, recall myself confusing this one with one in that region once before. | microscope | |
10/10/2012 15:13 | But company still alive, as NXS are exhibiting at 2012 Momentum Convention booth 302p in Augusta, Maine on 18/10/12 | sweepie2 | |
10/10/2012 15:01 | MMs don't want NXS on their books, can buy 1,000,000 @.12p at present, very tight margains | sweepie2 |
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