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...

rampage,

could see the article in question as it prompts for authentication!

skids

"pay as you drive" is nothing to do with cybit,its IBM controlled,
basically as i see it "pay as you drive" is for the average joe public i.e., cars
cybits contract with NU(still to be anounced) is for fleet veichles and small businesses and the potential is to tap into the 700k to 800k businesses that insure with NU.


About Norwich Union
Norwich Union is the UK's largest insurer. In general insurance it is more than 1.5 times the size of its nearest competitor, and has a 19 per cent share of the market.

It has a focus on insurance for individuals and small businesses. It insures:

one in five households
one in five motor vehicles
more than 700,000 to 800,000 businesses

this took some finding..no comment for a week nowt to say it's true

well I see blue!

This is just bloody annoying now ! I'm sticking this in my 'Come back in 2 years draw' !!!

ouch!!! I hope I live long enough to get out even ...!

disapointing end to a week when someone tried 3x to get price up 1.5 1.52 & 1.5p still no investor confidence it would seem
happy long weekend all maybe next week xfinger ;o\

mourning ... new bottom found?

Up and away--blue today!! smile Douggie!

Buy Cybit Holdings @1.4p argues AIM and OFEX newsletter, out today.

Bloody hell ,something positive

:))

The full tip write-up from the AIM and OFEX newsletter has been posted to the ADVFN board. A bit un-ethical, but there you go.

ironnick

Also got the same tip in my email this pm from UK-Analyst. Its free to subscribe and you get regular tips from them via email.http://www.uk-analyst.com

Have you picked yourself up of the floor yet Dougie ???

G12 ;))

I think he's still out !
;0)

Thanks Sutre

We're not there yet, but I dont like to say I told you so, but....... Always been 99% positive about these shares (read back). Still more long term though.

Buy Cybit Holdings at 1.4p
Argues AIM and OFEX newsletter
Once the high flyers of the market, vehicle telematics businesses like Trafficmaster and Minorplanet are now penny shares, but could be about to turn a corner. Now may be the time to consider investing in an AIM-quoted peer of these two businesses, which could offer greater upside.

Cybit Holdings is a telematics service provider that brings together technology, business processes and people to create a range of systems for satellite navigation, fleet management and mobile workforce tracking.

Cybit's main offering is Fleetstar-Online, an advanced vehicle tracking and reporting system that provides detailed reports on vehicle fleets. A vehicle's location, speed and direction can all be displayed on a street-level map. Additional features include the ability to provide drivers with satellite navigation data and stolen vehicle tracking.

Other products, it is hoped, will form significant revenue streams in the future. The company has a telematics system that provides customers with live information about their mobile workforces. Another service, Drive-IT, described as "an end-to-end vehicle sharing solution", is designed to improve fleet vehicle utilisation and productivity. Users have a central Internet-based booking and administration system, allowing drivers to book vehicles via the Internet, through a call centre or from the car itself.

Last year the company made a maiden profit of 291,000 pounds (2003: 787,000 pounds loss) as turnover increased 60% to 8.1m. Cybit now has more than 500 live customers, with an average of 20 vehicles per customer. As of 31 March 2004, Fleetstar-Online had 270 live customers, representing nearly 6,500 vehicles.



The company has a partnership strategy that involves using third party channels to sell its products. During the last year it has renewed and extended its agreement with Lex Vehicle Leasing, which will see Cybit and Lex jointly developing an integrated solution.

Meanwhile, the company is slowly expanding into Europe, winning a first contract in Germany, having developed a German version of Fleetstar-Online.

The company's broker, KBC Peel Hunt, forecasts revenues of 8.3 million pounds for the current year, and a loss of 0.7 million pounds. The loss comes about because Cybit has changed its revenue recognition policy. The company has decided to fund a greater proportion of its sales itself, rather than continuing with its previous policy of selling contracts on to financing companies, which allowed it to recognise the entire value of a multi-year contract in its first year. This means that it will now recognise revenues and profits over the life of the contract, which will have a one-off effect on full-year revenues and profits but will lead to greater underlying profitability and cash generation in the long term.

For 2006, KBC Peel Hunt expects sales of 12.5 million pounds and pre-tax profits of 0.1 million pounds. So it looks like a while before the share will achieve a meaningful price-to-earnings rating, but getting in now could reap rewards in the long term.

Bygum moneyplus !!! wow

;O))))))))))))))))))...........

This time next year Rodders we'll be millionaires!


We're on our way Douggie, fortune favours the brave!