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...

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

It's a small company, so expect to wait a while for positive news as they'll probably not have a dedicated "news release" person on board yet?

A steady stream of good news in recent months has seen the price climb somewhat, but still some way to go to reach the heady 3-4p days of approx 12 months ago, though IMHO it iwll eventually get back and exceed that price.

Hold and wait for better news and prices, which will come inevitably for this well managed and run company in an ever increasing market for telematics.

Now where have I heard that before ............still holding, waiting and hopeing.

From Today's Times:

Cybit Holdings a smaller stock to watch

Not much, but it all helps.

PTH

Now why would anyone sell 1.000.000 at 1.66p with mid at 1.77 Now?????????????

Probably a delayed trade Douggie. Shouldn't worry too much, any more large buys today and we should see another small tick up.

PTH

:o) nice blue

one small :o) from me sends it back down .03!!!!!!!!!!!!!!!!!! ;o(

Update due in November-hopefully very positive.

thats the 3rd 'recorded'1,000,000 sell gone though in recent days ??????????

I am afraid I am totally fed up with this share and the management.

People keep saying its well run and that good things can be expected. Well actions speak louder than words. In a 12 month the value of the shares have halved, few significant new contracts have been announced and certainly not on the consistency required for continued share support and the investment institutuions made in the compnay at 3p at the beggining of the year seems a bad choice gfor those institutions.

I have had a gutsful and have decided to get out and stick my 10,000 elswhere.

Best of luck to everyone who remains.