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...

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).

Little woman whats your take on the story in the independent - is it likely do you think?

Pumacat - I don't pay attenting to stories in Newspapers. Most of time they are just a speculation - 1% fact and 99% fiction.

If it was likely we would see a major manipulation of the share price by those "in the know"(mostly up) as it would be in the companies interest to have the highest possible share price to strengthen thier position.

mornin all ;o(( what little interest there is here is sell...all optomism seems gone!!!!!!!!! :-(((((

I'm not selling!

Douggie

I'm not selling either, in fact if I had funds available I would buy more.

We are due some news but as another poster said Cybit doesn't seem to care about its retail investors. I just have a feeling we will get good news eventually and if I have to wait until results are published in June then so be it. The reasons I invested in the first place have not changed. Cybit is in profit and in a growth sector. Also institutions invested 5million at 3p recently......WHY?

thanks response l.w, p.p but 'WHY' indeed I'm not selling cant aford to take loss while there is some hope

CYH can't just keep put out news just for the sake of it! Either they are worth investing or they are not. The year end is coming up - so the results are going to be the big news - and that's only a couple of months off. Also there are more options still out there - in the short term, they don't want the share to go up too much - look what happened when it did last year - one of the larger investors took profit. (& they also took up the option @ 3p!)

The company is not overvalued, and doing well - so the price is a good chance (if you can) to pick up shares at a good price.

Iam not selling either Iam happy to invest in Cybit and the sector.
It will soon be results time in June so May could be very interesting. So there is no way Iam going to sell I just wish I could get them into my self select ISA to avoid the CGT that will due on the profit!!

If it's of any comfort to anyone, I'm not selling either. I hold more than I ought to but am still very upbeat & confident about CYH and see nothing has changed for me to even consider such a move.

As already stated, see the current price as a good buying opportunity. If I could, I would certainly buy more.

Keep the faith & good luck all.

NF

Nice to see so much optimism on a share that does a great impression of U-boat day after day !

Info only - Snippet from Independent (today)

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.

I wish my optomism could match my (and I'm begining to suspect ) many other regular posters here wishfull thinking, as allways given quality Co. and product we feel we should be seeing regular BLUE....today 38 of 40 trades RED with ave of 100k each 4mln shares dumped at this price!! ;-(((( ?????

Douggie - My broker let me buy some "at that price" which because the price was so low (and I must admit I'm not complaining!) went down as a sale. Still no AT trades going through. (& until there are nothing major is going to happen to this share.)

little woman

you will not get AT trades going through...cybit is traded on SEQA...to get AT trades it would need to be traded on SETSMM or SETS which it is not.

Cybits price is controlled by only four market makers.

douggie

take no notice of what the trades screen says at the end of the day...a spread of 2.3p - 2.8p today has really been 2.37p - 2.5p with some dealers - so the 2.5p could be mainly buys.

little woman ,I would like to have some at this price kept buying on ever decreasing price but nowt near this level I've heavily overspent here hence my dismay at continuing fall and big % paper loss so far so you and all who can BUY BUY BUY always glad to see your positive posts :0))