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...

traderxxx welcome to the board. Only recently started being an active contributor myself and I will admit to having very little technical expertise. However the name of the gams is pooling resources and talent so once again welcome

PS hope your right :)

From tommorows Independant

Cybit turns its radar on Minorplanet merger
Small Companies Notebook
By Stephen Foley
15 March 2004


As befits an industry based on advanced tracking technology, telematics companies are keeping a close eye on the progress of Minorplanet, the debt-burdened hardware group which is touring shareholders in the hope of raising at least 6m of emergency funding. But none is glued to the radar screen as closely as Cybit, the 25m AIM-listed company which sells software and services to allow businesses to track their fleets of company vehicles.

Word is the company is plotting an audacious merger approach to its stricken sector mate, in a deal that would allow it to push its own products and services to Minorplanet's large but sadly unprofitable customer base. Minorplanet insists it has the support of its shareholders and the fundraising details will be finalised by the end of the month, but bankers said last week they expected Cybit to make a hostile approach before anything is signed.

Heres the link

http://news.independent.co.uk/business/news_analysis/story.jsp?story=501231

I wonder how will this affect CYH shareprice????

phil365/efc123 Is this what you were talking about when you kept saying "wait till March" ??? Did your contacts tell you that this was in the pipeline??

mornin all

Dougie

The share price has hit 10 p while you have been away!!!

G12 :))

Welcome back

G12....x x x x ...thanks. glad I missed it,so far would have hated having to decide what to do!!!!!!!!!!

is lack of any price mouvement so far linked recent posts, this many trades would usualy cause some movment.

Doug

nothing has changed since you left . There have been days where Buys have been more than sells but no price increase?

Just keep waiting.

G12:))

Aftenoon All..Hi Bro hope you are keeping well.this tip of yours not doing well at pressy :-((..but will let youof if comes good soon.

phil365

if you are still about i wouldn't mind your opinions-

1 do you think there is any truth in the independent story?
2 would you consider it to be positive?
3 did you know it was coming?

Had a quick look at minorplanet. From my reading their sales have more than halved while debt has also increased. That is the sign of a terminal illness!

Significantly they have a presence in 4 european countires: Italy, Ireland, Netherlands and Germany and it is on europe that Cybit management have stated that they wish to focus.

To take Minorplaner over would provide them with a customer base that they could consolidate. As there is no american presence they would not be competing with trafficmaster and may have a free run at those markets.

Hoever I am cautious as minorplanets share price is massive compared to cyh so the affordability may be an issue and how they would restructure the debt mountain from Minorplanet.

Anyone else have any thoughts?

Looked at Minorplanet press release with 2002 results and everything looked rosy, including lots of cash in the bank. 12 months later, after accounting policy changes and problems in USA (sound familiar??) they post a whacking great loss and are haemorraging cash. I have been in and out of cyh (currently out) and would be surprised if they went for it - better perhaps to see if it goes bust and then fight for any bits they want from an administrator/receiver. Looks too risky a proposition even for a paper takeover.DYOR

Trust the Board, not your own lay assessment which is flawed.

tx

Why is everyone selling today? Has there been negative news?

drum,

for every sell there is a buyer. nothing has changed to my knowledge.

skids

quite a few are in fact buys

All ordinary trades - nothing going through the MM - That means the brokers have enough stock/matching sales to satify demand. Price is dropping to try encourage the brokers to buy some stock from the MM.

Hence the price holding ?

:)
G12

Little Woman, I've just had this urge to say you and Melnibone are great, I've never known two people who are as successful as you two who give so much to others. Thankyou.

Thanks for the praise no1dad! But we just the same as others using this bb (just spending most of our time in the investors room rather than the traders room).