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...

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The company also said a 3m overdraft facility had been withdrawn by Bank of Scotland.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

Crikey PET at 114p! - and this at 2p - no contest!
needs to steady out the jittering here though

PET set to explode tho.

there I did it again me and my :o) at blue!!!!!!!!!!!

:-[[[[[[

Just keep quiet Douggie and maybe it will rise!

Always do the opposite. When you think you should go in... stay out! and vica versa.

.....

Off we go again, smile Douggie!!

CybIT Holdings PLC
29 October 2004



CYBIT HOLDINGS PLC ('CYBIT')

CYBIT ACQUIRES MAPAMOBILE MOBILE LOCATION SERVICE

Cybit Holdings PLC is pleased to announce the extension of its portfolio of
tracking and asset management solutions with the acquisition of the innovative
mapAmobile mobile location service from MI International. The purchase has been
funded by cash and the issue of 2.5 million new shares at 2p per share. The 2.5
million new shares being issued to MI International will rank parri passu with
all other ordinary shares now in issue. Application has been made for these
shares to be admitted to trading on AIM and such admission is expected to occur
on 2 November 2004.

Cybit will add mapAmobile's location services - offered in two variants, a
Corporate Edition launched earlier this year and a Consumer solution offering
discreet monitoring of children and vulnerable people - to its existing range of
fleet and asset management solutions, which already includes Fleetstar-Online -
the company's modular internet-based fleet management solution - and Drive-IT
software for car pool management.

With the Corporate Edition, organisations can locate their mobile workforce,
using the mobile phone network at any time and view their locations on a map at
either local or national levels in seconds. As the service requires no extra
hardware other than a mobile phone or the need to implement a GPS solution, it
is easy to deploy and helps organisations to manage their mobile workforce at a
fraction of the cost of standard GPS tracking systems.

The Consumer solution addresses an important concern among consumers allowing
them to discreetly monitor the whereabouts of children and other vulnerable
people in their care. Subscriptions cost as little as 29.99 per year.
Individuals are required to give their permission before mobiles can be tracked
and they are sent regular SMS messages for peace of mind to confirm their
continued participation.

mapAmobile works on O2, Vodafone, Orange and T-Mobile networks and the Corporate
Edition has already been successfully deployed in some 40 UK organisations -
including a number of public sector organisations. The consumer offering can be
purchased either online, or through retailers such as The Carphone Warehouse.

Richard Horsman, Chief Executive, Cybit, said:

'There is a growing requirement for fleet and asset management services that go
far beyond first generation telematics offerings and we are finding that more
and more UK businesses are seeing location services, such as mapAmobile, as an
opportunity to develop competitive advantage. Cybit will now bring tracking and
asset management solutions to an entirely new group of customers who will now be
able to use standard mobile phone technology to keep track of their mobile
employees and assets without having to make a significant investment in
technology.

Cybit is focused on developing leading telematics solutions and the addition of
mapAmobile to the Cybit portfolio firmly establishes the Company's position as
the only vendor to offer an end-to-end range of telematics-enabled tracking and
asset management solutions.'

- ENDS -

For further information, please contact:

David Rydell / Charlotte Kirkham Tel: 0207 861 3232
Bell Pottinger Corporate & Financial


About Cybit

Cybit is a leading Internet-based Telematics Service Provider (TSP) and supplier
of fleet and asset management solutions to the business-to-business sector.
Cybit's solutions portfolio includes vehicle tracking and management, lone
worker support and car pool management. Hundreds of companies across a wide
range of industries already use Cybit's online solutions to improve the
management and control of their fixed and mobile assets. Additional information
is available at
www.cybit.co.uk


Cybit has quickly established itself as the market leader for Internet-based
telematics-enabled fleet management solutions. The latest release of
Fleetstar-Online introduces a unique modular approach to fleet management,
providing customers with access to industry leading technology that was
previously available only to major enterprises. With its next generation
telematics platform, Cybit combines key architecture strengths - such as an
OpenAPI and decoupled technology and application layers - to enable
organisations to easily integrate Cybit telematics technology with their own
applications and bring them to market quickly.

Cybit recently announced a three year strategic partnership agreement with the
UK's largest insurance company, Norwich Union Insurance to 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.




This information is provided by RNS
The company news service from the London Stock Exchange

Cyh and Blue? a most unusual (but welcome) combination. Be interesting to see what the price movement is at day end. So often get a bit of movement when news is announced that evaporates as the day goes on and everyone has a chance to relect on it and analyse it more thouroughly. Looks good news on the face of it.Growing revenues seems to be their problem and if this helps great stuff

juat a little one ptholden :o)

I am of course pleased but will contain optimism 'till we see 2p been here so often!!

I see sellers are out in force as usuall

All those who bought in on the way down selling I guess. Likely to see this repeated everytime it gets a nudge until we reach some sort of status quo.

lots of good news recently, yet not much movement on the SP - if it was a different sector would be rocketing upward - ?? but their news items are full of technobabble and PRspeak (I know what this stuff is - and even I dont understand them!) - forget API's and coupled technology (uhh, wot?)come on CYH do yourself a favour - get yourself some decent marketing bods.) - Just say its a good product (yes), many companies will need it (yes), and use it to help save costs (yes) - and it will sell well!

good comment m100.Most people are mercenary BXXXXXXS and just want to know "whats the bottom line". However experience says that "echies" in all walks of life get more excited about what it does, than the reason why you are doing it in the first place....which is to make money.
Re my earlier post the sell price is tracking down and unless we see some buys soon I could se us ending the day red