The chart for this stock says it all.

The company is quickly becoming a real gem in the telematics field, over the last month the co. has announced re-seller contracts which will bring in min. 2m or >30% of last years T/O alone.

The company is already experiencing massive organic growth so the co. should be profitable now following last years 500k loss.

The co. has approx. 6m cash and is in one of the hottest growth areas at the moment.

With a market cap. of 25m this will be re-rated x2/3 minimum within the next 6-12 months IMHO.

MM buys went through on Friday with T/O continuing to build, one to put on your monitor...

So ajren, you should be doing pretty well with them at the moment.

I was re-reading the following:

The net proceeds of the placing, which was oversubscribed, will be used to
reduce the Company's reliance on factoring, increase its working capital
facilities and further expand the business.

Reduction on the reliance on factoring, means they are getting the orders but need the cash to fill them.

I think the placing was done before (rather than after) the interim results(although I suspect the interested parties saw the draft results) as I wonder if the figures are not going to be that great? But I don't think that matters as with the extra cash, they will be able to fill the extra orders and reduce costs at the same time.

i also think it is quite low at that moment. I am comparing VTB and CYH. but the graph show me that CYH seemed more stable. VTB up and down so frequency. Hoever I found out CYH these few days have support around 3.5p they seldomly drop below this point, if so they rebound quickly as well.

I think they will go up but I was reluctant to purchase as the price pattern
has been so out of the normal.I have no interest in the company other than
it is a speculation worth-in my opinion - taking for an exit price of 6.30.
I think it will go up more than that but I just wanted to get in/out as soon
as possible.

I have several exit prices on the way up. Took the first one on monday, and then also went back in at just above lowest, with the same number I sold.

Not much is happening with this share does anyone know why???

A shrewd move.

Shall we buy more?

Ref : Talkpanerai

NO---That is the main reason I was reluctant to buy.Basically,I felt the
downside risk was very low.

i htink the ask price now is high

Shall we buy more ?
Me - No

Me- No as well.

How will these new changes ( Placing and Additional listing, change of Nominated Adviser and Broker ) effect the share price in next couple of weeks ?

I have NO idea.

vol ppl buying in > vol ppl selling

So investor feeled confident on this share at this moment.

How about price going down? what are the chances ?

I think yesterdays Downside was the lowest----HOPEFULLY,HOPEFULLY,HOPEFULLY.

Any comment for next week?

Buy High, Sell Low...............:-}

gary K,
I am intersting if you really do so. Buy High and sell low.

131 mln shares traded on friday,there was more sells than buys,and the share price was static,results are around the corner, but there seems to be a doubt in everyones mind as to which direction this stock should take,i personally think come friday we will see further upside espacially after looking at their over all expenses for the past year.