CURRENT PRICE 2.00-3.00 PENCE
TRADES OVER 60,000 SHARES ARE DELAYED IN REPORTING BY 1 HOUR.

"QuikTrak will serve the community by providing secure, reliable and flexible tracking and messaging services"

http://www.quiktrak.co.uk

Substantial Share holdings updated on 14 June 2004.

Chris Kyriakou 19,241,056 (updated on 9 July 2004)
(including interest held through Investika
Ltd)
Guido van Alphen 671,989 (updated on 9 July 2004)
Charles de Chezelles 1,000,000 (updated on 9 July 2004)
Brian Parritt 682,825 (updated on 9 July 2004)
John Scott 998,334 (updated on 9 July 2004)
Damelian Automobile Limited 5,935,483
HSBC Global Custody Nominee (UK) 4,373,333
Productive Nominees Limited 3,348,400
Westpac Custodians Nominee 2,857,162
Philip Securities (UK) Nominees 2,630,084
SST Partners Pty Limited 1,865,437
________________________________________________________________________________
INTERIM RESULTS

QuikTrak Networks PLC
20 September 2004

QuikTrak Networks Plc

Interim Results

For the six month period ended 30 June 2004

The first six months of this financial year have presented the Company with some
major challenges.

Following the commercialisation of the M25 Network in late 2003, the Company
found that the market demand for a network limited to within the M25 was
incompatible with the operating costs being incurred, in particular the level of
spectrum fees being paid, which were for a national UK telecommunications
licence. Given the intense competition in the sector and the variety of
technologies on offer, it is now clear that a fundamental component of a
successful business plan is the ability to offer UK national coverage. The
establishment of such a network for QuikTrak would require a significant amount
of capital and we have to date not been successful in securing these funds,
despite sustained efforts.

Following a review of the costs incurred in operating the M25 Network, the Board
resolved it was not in shareholders' interests to continue to do so. As a
result, the Company's wholly-owned subsidiary, QuikTrak Telecommunications (UK)
Ltd (QTT), was placed into administration on 23 August 2004. The ability of
QuikTrak Networks plc to pursue its broader objectives is not impacted by this
decision.

During the six month period, the Company generated revenue of 157,002 (2003 :
26,025). The loss for the period was 2,589,940, which includes writing off
the value of the net assets in QTT to nil (2003 : loss of 1,471,848).
Included in the consolidated balance sheet at 30 June 2004 are assets of QTT
amounting to 1,142,642, offset by liabilities of QTT of the same amount.

The Company has refocused its operations in order to enable it to exploit the
Intellectual Property Rights of the technology and its unique software in
Europe, the Middle East and the countries of the former USSR through network
sales and licensing arrangements. In order to be able to demonstrate the
technology, the Company has negotiated the right to use a QuikTrak network
currently operating in Australia, at a substantially lower cost than the
operating costs of the M25 network.

In July 2004, the Company raised new equity of 800,202 (net of costs) to
finance this revised strategy.

Progress continues to be made in selling a licence agreement to a prospective
operator in the United Arab Emirates. This is the first example of QuikTrak
utilising the Intellectual Property ownership of its system and is intended to
act as a blueprint for all future licensing deals in Europe, the Middle East and
the countries of the former USSR. Licensing deals are expected to provide a
revenue stream through consultancy fees for preliminary investigations,
technical planning, acquisition of base-stations and software, as well as
through monthly technology, licence and technical support fees per base-station
and transponder deployed.

QuikTrak's secure, accurate and reliable tracking technology has been well
received by the market for a wide range of applications and I remain confident
that with our new approach based on licensing and partnerships we have a solid
base for re-building shareholder value.

Chris Kyriakou
Chairman
QuikTrak Networks plc

For further information contact:
Annie Richards QuikTrak Networks Plc Tel: 0870 010 6044
Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400

And new Products, again updated on their website.

Two new products: Bike protection & Plant and Equipment
There is a variety of products available for use with QuikTrak, comprising of both (mobile) hardware as well as software. Most of these products are produced by our Partners under the QuikTrak Within program.

The QuikTrak Lone Worker protection program protects people by being able to locate them wherever they are, including within buildings.

Roadmap
Hardware
Software
Web Location Finder
Lone Worker protection program.

Some quotes from their website :

In the UK, 24 million registered cars provide enormous potential for QuikTraks car systems

In Europe the market for Fleet Systems is expected to increase by 80% 100% per annum

In most markets, current penetration of vehicle tracking, monitoring and communications systems is less than 5 per cent. Most forecasters believe this will reach at least 25 percent within five years

In the USA, nearly million low risk offenders could live and work in the community with QuikTraks Limited Freedom personal tracking and monitoring system, saving the taxpayer billions of dollars

dell

Keep posting so that we get a balanced view on this thread. This is looking more and more like a ramp as time goes by.

As per my previous post here (23), please be careful and set your stops with this one people.

On the contrary hence I did not answer Tokyo's posts from this morning, apologies Tokyo where he asked me to post my price target on these, I know it would just got you excited markp, you made your stance very clear when the thread was started. Dell is just going round in circles and trying to use different permutations. He made himself look so baffling today.

In retrospect dell did not even know the chairman was buying millions of shares and now when he has its still not good enough for him and he's on a another permuation now.

It's a shame that the likes of you do not start threads and tell us what to buy, please tell me what's rosy out there.

One step at a time, from these prices these can rise ten fold if their new business model turns into a success. This one is not for you markp.

xmortal,
I wholeheartedly agree with you`re comment to dell, who hasn`t responded to your question of whether he holds this stock or not and I support faith in suehelen`s opinion of this company`s future potential.I`m staying in and `deramping dell` can opine until the cow`s come home or the chicken`s arrive home to roost or any other similar `well known phrase or saying`.

108 posts in just two weeks, there is atleast alot of interest in this stock, time will tell if their new business plan is a success and if we all need to send Suehelen a big thank you for flagging this one

Sue , how much are the directors paying themselves ?

Cheers

Further to my post yesterday with regards to the overhang clearing, the offer price has ticked up today to 2.50 pence.

Hi Dil, I don't know, I'm not sure if the information is in the public domain.

It will be in the annual report , don't you have a copy ?

3 Million delayed buy reported at 1.75 pence. Trades over 200,000 shares are delayed in reporting by 2 hours. That is a definite buy thereafter fifteeen minutes later the offer price ticked up. That must be the reason why the bid price dropped back to 1.5 pence yesterday as the buy order had to be filled at 1.75 pence. We had the 2 million buy yesterday as well at 1.75 pence. The chairman and directors did snap up the shares in the fundraising and it wouldn't surprise me if the chairman and directors are responsible for the two large buys.

Hi Dil, I don't have one yet, but I do understand one is available as of last week.

the price seeems to ticked up to 14.29% also it seems that there was a sale of 3000000 shares, cant be sure if it was a sale. price was 1.75.

Hi Xmortal it was a buy, see my previous post. The chairman did buy 10 million shares to complete the fundraising out of the 56 million shares issued. The 3 million and 2 million buys must be related to him. There is no doubt they were both buys.

Cheers .

THe directors and chairman do get to buy at the mid price which in this case was 1.75 pence as the price was 1.50-2.00 pence two hours ago. For example, few weeks ago the chairman of CDN was also able to acquire more than 1 million shares at the mid-price of 4.25 pence when the price was 4.00-4.50 pence.

Thanks Sue, I guess we should see this announced on the RSN? Should it push the price up?

Yes it will help if an RNS carrying an update on those transactions comes. Their update which they published on their website with regards to the new strategy was also pleasing which I have posted on this thread yesterday evening.

Their website is well worth a look at :

http://www.quiktrak.co.uk

Found the accounts on their website.

Highest paid director 396k lol , someones having a laff I think Sue or am I misreading it ?

I think that'll have been revised down to reflect their cost cutting, keep an eye on the website to see if that figure changes. The following was updated yesterday on their website :


In line with the company's new strategy, we are now able to substantially reduce overheads. Consequently, QuikTrak have moved to smaller offices within the Richmond area. The future of the QuikTrak technology remains secure and we continue to explore all commercial opportunities within Europe, countries of the former USSR and the Middle East.