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...

It doesn't seem to be even getting closer to the 4.00p mark today.

Hmmmm, more buys than sells and it's going down... looks like the MM's are trying to shake traders for shares before a big rise! Perhaps they want a nice block to sell for the 14th :P

Best of luck all

This is just some profit taking and T traders who cannot afford to buy, leaving the stock. Don't worry about the day to day trading, this is a winner. There was a few lines in the Times yesterday, just reporting the placement also they said that the results out at the end of this month. So not really sure now when to expect them, last year it was the 14th. What I am sure about is that IMHO the results will be good and the share price will break 6p at least in the next 3 weeks.

I think the old saying - Patiance is a virtue - is very apt at the moment

I agree.

hi,guys,
wishful thinking !!! don`t fall in love with a STOCK! 9 months ago,i fell for
a ugly duckling called OMH,i put 90% of my funds into it & day dreaming that in
2-3 years,it can change into a beautiful swan ,i can make 1/2 million and an easier life then! but now, then :-(

What do you think of the share ?

ajren,
It can be a beautiful swan,but for god`s sake,don`t fall for it !!
I suggest 1/4 of your trading fund is the maxium for "her" as you like her that much, if you are right,says the price double quickly,then get your original stake back, JUST let the profit runs, wait for a draw back, then dip toes again. Run the profits! Again & aaaagain! Happy ending For ALL.

Snowballroller - you're talking to Miss conservative investor here! OMH - Checked out the fundamentals, web site, news, etc. etc. and dismissed it as a company waiting to go bust-only kept going by the existing directors constantly bailing it out.

And CYH well only about 2% of my portfolio went there. (and that was only after talking to people who were involved with potential customers & taking a look at the fundamentals, web site, news etc. etc.)

I have to admit only 5% of my portfolio is for what I consider high risk - forget 25% - Life is too short but retirement is not!

Last week you said double figures ???

well, we can all dream!

Nov 7

.........went back in at just about lowest,with the same number I sold

This explains a lot: Profit taken 1,267,000 - should help reduce thier losses!

On Friday 7th November Trafficmaster Plc ('Trafficmaster') sold a holding of
56,250,000 shares in Cybit Holdings PLC ('Cybit') for a cash consideration of
1,687,500. These shares had been held at a carrying value of 420,000.

Trafficmaster continues to hold warrants for a further 67,017,435 shares in
Cybit, which can be exercised in two stages. The first tranche can be exercised
at a price of 4.5p before 31st December 2004, and the next tranche at 6.5p
before 31st December 2006.

Trafficmaster has a strong strategic partnership with Cybit under which it
provides a range of products and services, including hosting services and the
provision of telematics hardware.

so cyh will rise before xmas.

Little woman
Does that mean it's likely that the price is expected/calculated to be 4.5 at the end of the year?

No - warrants are normally price well below expected market price (The first lot can be excercised any time between now and the end of Dec next year or they lose them). It would be pointless excercising them if you could get them cheaper in the market.

Trafficmaster has made substancial losses in the last few years, and because of the sale and improved market conditions should go back into profit by y/e 31 Dec. The other thing if they want to exercise the first tranche of warrants they are going to need a lot of cash. Not knowing the breakdown can't give exact figures, but the whole amount at 4.5p will cost more than 3 million. They could have sold to try and also make sure they have enough cash for when the time comes.

LW
Thanks for your time and info - on a slightly different note, I am new to trading and would like to do a course/workshop covering derivatives, encompassing what dealing in futures, options, cfds, warrants, spread betting involves so I have a thorough overview of what each entails before making my decision on which to focus on - do you have any recommendations? There is so much out there with the world and their mother wanting to flog their particular seminar/indispensable software/methodology and I don't know enough to make informed decisions!
Regards
Anna

I've never done a course myself, although I keep considering it! - quite a few brokers do free ones, like e*trade, e.g has one January 14, 2004, 4pm-6pm Level: Beginner/Intermediate FREE

If you want to pay, I know a lot of people have recommended croc's courses. You can access his site through the traders thread and take a look.

LW
will do - thanks

little woman

Nov 3 Me to you:-
Do you not think double figures is over optimistic?
Not if they go into profit-but the big question is when

Nov 7 Your post...went in just about the lowest,with the same number I sold
Nov 10 your post..waiting to go BUST.

???