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...

willfagg,

I think CYH is not liquid enough at the moment, hence the regular movement and relatively big spread. Added to that its a very small company and doesn't really do itself any favours on the news front. But all it would take is a few large orders to push it north again. At the moment its impossible to say if CYH will remain in profit by next results or not (I'm very sure they will) as we don't get much news. The key for me is that they are moving in the right direction, i.e. the 3 yr deal with NU and a break into Europe in a relatively un-risky way (i.e. re-sellers). I think they will be ok, but expect to wait until the new year.

skids

Thanks for comments Skids, thought they look cheap at this price and was expecting a small bounce on that basis whilst waiting for news.

A read of the webb site should convince anyone that this company is on a very positive up, why the share price continues this downward trend....?????? a few weeks ago I thought it very reasonable to expect 2p by now.

I completely agree Dougie, and I can only think that people are bored at waiting and are putting their money elsewhere. Because of CYH liquid problem it has affected the price badly, but things do look very positive IMO and I'm holding until the new year.

skids

Oh dear mourning all (as if you hadn't noticed) RED!!!!!!!!! again :-[[[

I get the feeling someone is fillin'their boots here....

someone did today at 16:41 with a 1.500.000 T trade buy !!!!!!!!!!!!

after another day red to close

Good morning all

I wonder what kind of day we are going to have?will be a :-) or another :-(
One can only wait and see as this wonderful share keeps us plodding along with a large juicy carrot dangling in front of our noses!!!

Have a good one
G12

;o\

Just been looking at the TA for CYH.

Trading at the lower level BB with good support at 1.5p.
Increasing volume, although not dramatic.
MACD may show Positive Divergence this week, (Bullish).
RSI looks to have bottomed out and increasing.

So, hopefully a better week ahead. Quite a lot of talk on other BBs about MM driving the price down to fill a large order. Who knows?

I'm guessing a touch of blue to come!

Regards

PTH

article from the Financial Times:

Elusive telematics money rides tortoise-back
By David Blackwell
Published: October 22 2004 03:00 | Last updated: October 22 2004 03:00

The ability to marry mobile phone communications and information from global positioning satellites, in order to monitor trucks and vans on the move, always looked extremely useful.


But making money from the technology that has become known as vehicle telematics has proved elusive and as risky as anything else in the dotcom boom.

Minorplanet Systems is the name that everyone in the field remembers, while few people have heard of Cybit. But the story of the two companies reads a lot like the fable of the tortoise and the hare.

The hare was Minorplanet, which looked at the beginning of last year to have a clear market lead. But while it is improving the efficiency of distribution fleets across the UK, it has failed to deliver the goods for shareholders.

Last week, the shares - which once traded at 800p - tumbled 4p to a low of 4p after the company warned that losses for the year to August would be higher than expected.

The company also said a 3m overdraft facility had been withdrawn by Bank of Scotland. The bank offered the facility in March when the company effectively launched a rescue rights issue to raise 12.4m at 21p a share after warning late last year that it was running out of cash.

Terence Donovan, who has been brought in to turn the company round, started work only at the start of this month. He will report the results on November 12 and outline his plans for improving sales and marketing, and customer service.

The company warned in April that sales had been slower than expected and in July described May sales as "very disappointing". Last week, it said September sales were also disappointing and "the benefits of all the cost savings implemented in the last few months have not yet been reflected in the results".

One of the problems investors have encountered with valuing telematics companies is the way revenues are recognised. Revenue recognition for companies that are leasing kit of any kind is a tricky topic. And the entrepreneurial types driving fledgling industries such as telematics naturally want to report the best top line possible.

After pressure from investors, Minorplanet reviewed its accounting policies at the start of last year and both forecasts and the share price fell.

Cybit has now grasped the nettle of revenue recognition. In summer, when it reported a breakthrough into the black for the year 2003-04, it also warned shareholders that the board has decided to adopt a conservative accounting policy for repeat and new business retained on its own book.

Under the new policy, the company will be taking the costs of new business up front and spreading the revenue over the period of the contract.

It will mean the company will be back in the red when it reports interim figures next month. The red ink will continue for the full year to March 31, and again for 2005-06.

Neil Johnson, chairman, describes the move as a short-term hit that will in the long term be seen as financially prudent, strengthening the company's position in the market. After a couple of years, the cash position should strengthen dramatically.

Cybit teamed up this month with Norwich Union to launch the first telematics-based insurance product. The three-year partnership is aimed at reducing the claims from fleets by using telematics to enable managers to increase safety and to manage vehicles more efficiently. Vehicle fleets will be offered fixed premiums for up to three years, with the opportunity to reduce the annual premium by hitting agreed key performance indicators. If attained, the reduction in insurance costs should more than cover the cost of fitting fleets with telematics systems.

Such a partnership illustrates how Cybit has tackled the market from the viewpoint of a service provider rather than a technology company. It might also prove to be the point where the tortoise overtook the hare.

From "Whatvan"

Insure-as-you-drive goes live


Fleet insurance giant Norwich Union has gone live with a telematics-based insurance product that monitors how and where staff drive in order to lower premiums and reduce risk.

Dubbed Fleet Telematics the product has been piloted for the past year with a number of Norwich Union's fleet customers who had telematics equipment from Cybit fitted to their vehicles. Norwich Union claims the biggest advantage will be to assess and reduce occupational road risk.

Mark Keavney, Norwich Union's commercial motor product manager, said: Initially, the full benefits of Fleet Telematics will be available to those using Cybit telematics systems. Following this launch, Norwich Union will consider additional fleet telematics providers and their technologies. We envisage that their customers may be able to enjoy the benefits of Fleet Telematics, provided the supplier's technologies meet the required high standards.

This means that we will be able to offer truly bespoke and relevant risk management advice, specific to the fleet in question to help them manage their occupational road risks.

Norwich Union measure and assess not only distance and time spent at the wheel but also speed against road type. This data, for each driver, is then fed back to fleet managers so that any training or work changes can be made. If these are successful Norwich Union offers a rebate on the two or three-year fixed price insurance.

As yet the insurer has only commercial vehicles on the system but Keavney believes it's only a matter of time before a fleet takes it up.

Blue today, as predicted, makes a nice change to get something right!

Douggie, you were obviously so shocked by tick up, you were apparently speechless at 1015!!

Regards

PTH

this share deserves more - the technology is clever and marketable, recent news good as well - the chart imho detracts from the potential - cheap at this price

some others to consider..
BLR - Black Rock Oil and Gas currently 2p (yes 2p!)
Drilling in Australia at the Cyrano field delayed but drilling in next 6 weeks
http://www.blackrockoil.com/

RAF Real Affinity currently 1.75 p (must fly soon?)
Brand marketing group, design web building, sports marketing
http://www.realaffinity.co.uk/
Interim results due soon - "favourable" I hear.

we have to pay a high price for our few hours in the blue!!!!!!

so what is the problem today???

:-[[[[

Up, down, up, down, up, down, down, down, up, down, up, up, down, up, down, up, down, up, down, up, down...

I don't know about you guys but, I'm confused!

Like your share, folk. But please don't talk it up in the short term as I've had to come out to build up ASC and PET. There is really no point in CYH rising in tandem!

Eric

:o) unexpected bit of blue