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...

MillionDollarMan
It sure does
How much would you stand to gain when (and I mean when) CYH reaches 10p?
How long would it take you to earn that in the daily grind?
The only difference is, that with your CYH shares you dont have to work for it !!
Patience will be rewarded

rampage: I totally agree, patience pays! Its just the part inbetween I hate ;)

Anyway, the tables have turned and its on its way up!

>How much would you stand to gain when (and I mean when) CYH reaches 10p?

Many many k's 8) - I wouldn't be going hungry this winter... thats for sure!

I can't see CYH getting to 10p in the next 5 years personally!? Don't get me wrong, I am a holder, but margins are small and progress hasn't been quick. 4/5p is the initial target for end of 2005 in my book.

I agree skids, and that would be a nice tick up!!

yep, x2/x3 your money isn't a bad investment.

While I do sadly have to accept the cautious outlook I am hoping as I think we all are that the reseller program gains momentum (more likley as cyh have doubled their number of resellers and are concentrating on a more niche market).

If it does I think we may see some further significant growth in the share within the next 6 months.

Dont know, I hope so.

Have now got bored with this stock, have decided to switch to PMG which is breaking out, earns the same amount of profit as CYH but only has a market cap of 2m.

I may be back when NU deal gets announced.

at last it would appear that there is some support for this share!

silly me spoke too soon!

get used to it with this share, a medium to long term bet imho.

I'm surprised no one else has posted on here yet!!!! Have you seen the news per chance ladies and gentlemen.

skids

The full article then....... cheers skids

30 September 2004

CYBIT HOLDINGS PLC ('CYBIT')

CYBIT ANNOUNCES 3 YEAR PARTNERSHIP
WITH NORWICH UNION INSURANCE

Cybit Holdings PLC is pleased to announce a three year strategic partnership
agreement with the UK's largest insurance company, Norwich Union Insurance
('Norwich Union'). Together they will launch the industry's only
telematics-enabled fleet insurance product, which will offer businesses fixed
price insurance cover over two or three years and a premium rebate when key
performance indicators are achieved.

Under the partnership, Cybit will provide Norwich Union with core telematics
technology to support 'Fleet Telematics' - the industry's only
telematics-enabled fleet insurance product. Norwich Union, the largest fleet
insurer in the UK, will make the new Fleet Telematics offering available to new
and existing Norwich Union customers through their extensive network of
intermediaries.

Cybit's recently launched modular Fleetstar Online (FSOL) telematics technology
provides Norwich Union's fleet customers with access to industry leading
technology that was previously available only to major enterprises.
Organisations, such as Norwich Union, are now able to benefit from Cybit's next
generation telematics platform enabling the easy integration of Cybit telematics
technology with their own applications, bringing solutions to market quickly.

The partnership builds on the success of a series of collaborative risk
management initiatives between the two companies over the last three years, and
more recently a 12-month pilot project.

Richard Horsman, Chief Executive of Cybit, said:

'Cybit has quickly established itself as the market leader for internet-based
telematics-enabled fleet management solutions. The signing of a three year
strategic partnership agreement with the UK's leading fleet insurance provider
is a major achievement, establishing Cybit's firm foothold in this exciting new
market.

Cybit is focused on developing cutting-edge telematics solutions. Our next
generation telematics platform and recently launched modular FSOL solution
provides organisations, such as Norwich Union, with a flexible low entry level
product that is easy to integrate into existing IT infrastructure. We are very
excited about the value this partnership will create for Cybit's shareholders.'

Robert Ledger, Head of Telematics at Norwich Union, said:

'Norwich Union is delighted to announce its agreement with Cybit as part of our
growing telematics capability. As the largest fleet insurer in the UK, it's a
natural step for us to extend our product range in this way. The launch of the
'Fleet Telematics' product affords us the opportunity to utilise and supplement
the learning we have already gained from our innovative 'Pay As You Drive'TM
insurance research programme.'

http://www.aviva.com/news/release.cfm?section=media&filter=none&ID=1864

Hi Skids,

Had these for quite a while and have watched with a long face as the SP has steadily declined. Nice to see some more good news, hopefully the SP can now acclerate and at least get me back to a break-even point.

PTH

Finally it goes up on some good news :)

Keep holding guys

ptholden,

Yep, I'm a long termer too. I have no doubt it'll be above the high in due course. NU is a big company, so little CYH will benefit hugely. Perhaps there are even more contracts on the way.... time will tell, but I'm staying put above 5/6p.

skids

I believe NU is the biggest car insurer in the UK, so perhaps others will follow where the largest have led and as you say others will sign up. A stream of new contracts will do wonders gor the SP, and like you I am in until similiar or better levels are achieved.

PTH

Post number 2349 from still waiting if your not bored still where is the next contract coming from.

Still here, have heard NES or PMG to announce a contract tomorrow, can't be sure of which.

Steady climb for CYH from here...

Norwich union web site update.

http://www.nurs.co.uk/news/articles/cms/1096539198212694732330_1.htm