I bought shares in this company at 4.5p in September 2003. I see they are rising. Can anyone tell me please the growth potential for this company as they have just been awarded several new contracts ?

TSQ - not heard the "It'll be 50p by Christmas" joke for a while, makes me chuckle every time though. Your expectations are very realistic subject to sales and marketing effort at CMS translating into bottom line numbers.

Fingers crossed volume continues to hold.

Very disappointed with todays volume,sp action ok considering last few days price rise but buying practically dried up today. Took a T10 at 7.5p on friday looking for a little momentum buying on oversold indicators. However will close very soon if volume stays low as this would indicate nothing more than a technical bounce from an oversold condition and SP is likely to continue down.

Momentum,

IMHO, the risk you run with this stock is being on the wrong side of a large piece of news. The first bank or new exchange that buys TDI would prove important.

Any new contract announcement should drive this stock much higher from these depressed levels.

I remain a buyer up to 10pence, and remain happy to hold until Christmas 05. Only a significant downgrade on the next 2 sets of interims would change my targets.

With cash worth about 4p per share, and new contracts worth in the region of 750k, the upside/downside risk/reward ratio make it worth buying at these levels.

Crept back to bounce off 7.5p to current 8p/9p.Just waiting on order(s) for TDI and sp should fly on news.

Agree TSQ you could be on the wrong side.But you could be waiting a very long time. I may be weeks / months or even 2005 who knows, but it has been quite sometime since the last one.However i am fairly confident they will sign.

lex1000,

9.5p is key level. I think if it is taken out anyway soon, we will be at the beginning of a new upturn in the price which could be swift.

This company has huge cash resources to market itself in Europe & USA. For me, it is merely at the start of its growth story.

momentum,

Agree it may take patience, but since TDI product has now passed development stage, main focus is sales, sales, sales.

You must fancy them to do something in 2004!

the trick with most small caps is patience.most people jump in for the quick buck which plays havoc with the share price.the new sales office in america will produce sales.it just takes time.rome wasen't built in a day!

Agree totally warrenc!

It's all about exposure and profile for these microcap companies. An office in Chicago is hugely impressive, as is CMS current client list.

I'm confident all the building blocks are falling into place for a profitable future.

IMHO a re-rating upwards in share price is due from what I believe to be an oversold position.

TSQ.

Just looked again at recent appointment of a new executive director for North America.

The potential market out there is really huge. It is, I realise, all just potential at the moment, but the market is massive, including exchanges and banks.

Fot the size of this company, it really does appear to be able to open very big doors! The new director appears to have the contacts to push them open.

Sold T trades yesterday and today, mid price in the market is 8p down 0.5p. Totally misread last weeks rise,MM s sucked in a few traders hoping for a little momentum.However after 2 up days further volume buying never materilised.Will wait for further contracts to be announced before buying. Expect the trend to continue down as i expect the market is waiting for TDI contracts before they are prepared to rerate the shares. While there are no buyers the only way is down and imho will return back to 6.75p and below over the coming weeks. If your going to buy TSQ then i would what for the 6p area.

Momentum you are gloomy but usually right.

I have been happy to top up below the 10pence level of the placing. I figure investors who know a lot more than me, bought a lot more shares than me and seemed very happy to do it. The offer was heavily oversubscribed.

With IT spending increasing & a general increase in corporate spending, CMS prospects remain bright.

8p, 6p, whatever, these levels are cheap. As I said before a share price of 6p values this company at 4.8mio with 3.3mio of that in CASH.

Directors still own large chunks of stock as well.

Apathy can cause price to drift but fundamentals are supportive & tell me this share is undervalued.

Imho brokers did very well to get the placing away at 10p. But thats about all they have done.

Price holding up after recent bounce off lows.

IMHO, if price holds or rises over next week, the downtrend channel thru March 08 and April 15 peaks, may have ended, signalling either the beginning of a new uptrend or a period of sideways trading pending announcements.

We could be at a pivotal point in both technical and fundamental terms for this company. Half year end is at June 30, although official figures will prob not be released until Sept. Sales figures will be key.

Any share price move up into the 9's would confirm my view that recent downtrend is over, with 9.5pence signalling a more bullish outlook.

Half year figures will disappoint if a TDI contract is not announced.Agree with your TA. SP could quiet easily fall through 8p and plummet or rise through 9.5p and soar.

I remain on the upside momentum. I think any drift downward could be limited by the huge cash pile in the companys' bank account.

I think downside is limited and IMHO neither a plummet nor a soar is likely. I do however think further sales announcements across the product range are likely, including TDI sales and ProphetX, and these will push us back above 10p.

It is still my view that we will begin a stepwise move upwards towards my year end target of 18-20pence, as new sales/clients are announced.

TSQ.

Technically the falling E50 average is due to break the falling E200 average. Not a good sign, classic sell signal ( Dead cross).