Nexus Management Share Discussion Threads

[marab] 29/9/2011 12:52

Correction to RNS

Nexus Management plc

29 September 2011

The announcement that was released with reference number 1732P08 at 8.54am today contained an error relating to the conversion price of the loan notes. The subscription price was actually 0.4p and not the 0.25p reported previously. This announcement replaces the previous version.

Apparently RNSs spend ages at the nomads being checked for accuracy before they are allowed to be issued. Hard to tell sometimes if that is true.

Berny3 - I agree that either there is good news on the horizon or TW has found another way to make money out of the company. Hopefully a win win for us as well. Downside might be that the company can't meet its obligations and TW is selling his shares for whatever he can get. As he would appear to be 50% down on his conversion the news ought to be very good or very bad. Hopefully more upside than downside.

[berny3] 29/9/2011 11:30

one would imagine that he is not expecting another profits warning

[marab] 29/9/2011 09:29

Conversion of Loan Notes

The Board of Nexus Management, the AIM quoted provider of specialist IT managed services, announces that it has issued 37,500,000 new ordinary shares at a price of 0.25 pence each in the capital of the Company following the conversion of loan notes held by SF T1ps Smaller Companies Growth Fund ("T1ps"). Following admission of such shares to trading on AIM, T1ps will be interested in a total of 226,556,605 ordinary shares in the capital of Nexus, equivalent to 19.20 per cent. of the enlarged issued share capital of the Company.

So T1ps paying a premium to convert to shares which shows confidence? I am not for one minute suggesting that TW would be using insider information to guide his dealings but the conversion at a premium seems interesting. That's a big enough stake to start influencing things here so I wonder if we are on the road to another AHG or WSAG. Any thoughts?

[sweepie2] 27/9/2011 22:02

Another 1m buy at .20p today I see

[sweepie2] 26/9/2011 19:15

Two hacking attacks today proves that the demand for NXS devices hasn't gone away

[sweepie2] 26/9/2011 11:26

Nice to see those 1m buys are hoovering up all the loose stock so small sells can't move the price NOT

[bishopawn] 25/9/2011 00:15

Where there's muck,there's brass.

[berny3] 21/9/2011 12:22

absolutely. as previous no news is good news. if no news we know they were not reliant on a big order win to meet market expectations. pretty good risk trade. good news and the price will move alot higher.

[bishopawn] 21/9/2011 11:53

You never can tell.

[sweepie2] 21/9/2011 11:40

Yes bigger volume recently but not enough to suggest that there is going to a breakthrough out of this rut any time soon.
Just noticed another 1m buy on lse

[bishopawn] 21/9/2011 10:20

On Plus: 500k yesterday; 1 million today; both at 0.0195. Interest increasing with end of financial year approaching Friday next week.

[argy2] 20/9/2011 10:56

Nosey buy this morning?

[bishopawn] 18/9/2011 11:54

Add it all together and we have the probability of a SIGNIFICANT AND POSITIVE IMPACT on the bottom line, just for the $1 million contract that was signed in December 2010, and the customer has ordered more product since then. Pity that the name of the client is kept confidential, because if it were a household name of some standing it would give Nexus/Resilience more street-cred and a higher profile. But I suspect that the more important element in progress will be the market seeing clear signs of increased profitability and the chance of that increasing in 2011/2012.

[bishopawn] 18/9/2011 11:52

The trading statement last year was 22nd November. However there was a trading update on 10th October related to an unexpected delay in completing a big contract in UK for Resilince Firewalls.

"Negotiations continue with the potential customer and a further announcement
will be made in due course following the signing of an order.

The Company expects to make a pre-close trading update in November 2010 and
announce its results for the year ended 30 September 2010 in January 2011.

Commenting today Roger Richardson, CEO of Nexus Management, said: "The delay in the signing of the Resilience order is regrettable as the order would have had a significant impact on our bottom line and enhanced the visibility of the future earnings of the Resilience business.

Despite this disappointment the Company's performance in the second half of the year was markedly better than the first half, which should give us a positive start to the new financial year.

The disposal of Nerd Force in July, which was loss making in the ten month
period before its disposal, will have a positive impact on the Company's
financial performance in the current year.

I am encouraged by the progress the Group has made in the last year against
very difficult economic conditions in our core markets but conditions remain
challenging. "

THE INTERESTING BITS FOR ME ARE THESE WHICH PRESUMABLY STILL PERTAIN FOR THE PROFITABILITY TO BE ANNOUNCED IN NOVEMBER:

1) a significant impact on our bottom line and enhanced the visibility of the future earnings of the Resilience business.
2) will have a positive impact on the Company's financial performance in the current year.

[sweepie2] 17/9/2011 22:30

Not long to go to the trading statement, probably a profit warning mixed in, they certainly know how to disappoint

[berny3] 11/9/2011 19:14

No news in September and now news first week of October means we should be hitting targets.

[bishopawn] 11/9/2011 18:22

The surprise will be greater if trading has been above expectations, after a longish period of silence.

[gombie] 07/9/2011 16:21

Take a look at:


The 2 analysts offering 12 month price targets for Nexus Management Plc have a median target of 0.665, with a high estimate of 0.85 and a low estimate of 0.48. The median estimate represents a 259.46% increase from the last price of 0.185. View Full Financials
High +359.5 % 0.85
Med +259.5 % 0.665
Low +159.5 % 0.48

I hope they are right.

[orado] 06/9/2011 07:34

Normally anything I 'Hoover Up', I put on the compost heap or throw away.

[argy2] 05/9/2011 22:33

I remember. That was when he was 'hoovering up' all the loose stock lol

[orado] 05/9/2011 13:00

ARGY

TW 'embarrassed' - never.
Remember, he is never ever wrong. In his opinion, I was a fool to sell at 1.6p and 0.9p.

[argy2] 05/9/2011 11:21

Possibly.Or maybe he is just embarrassed by his track record in this one?

[bishopawn] 05/9/2011 11:16

More telling that he is keeping quiet like what Nexus is doing at the minute....something is brewing hopefully in the silence...?