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...

These shres are gonna go eventually... why not tomorrow?
If they don't, I think in the near future they will be a winner. All the news is good, so once the daytraders have gone, there will be a bright future for Cybit. Imho there is no reason why in 6 months these shares should be 5p+. The only drawback is the technology sector they are in, but as we know Cybit sell their products as a very important service to large fleet operators, who can save 000's by implementing the resources Cybit has to offer. Good luck to all Cybiters tommorrow, lets hope we get the rewards the company and us deserve!!!

ps been in since feb 2004

Bloody hell

Well that went down like a lead balloon!

What results and a 1 for 50 consolidation, I have never had a stock gain after consolidation! Why they have to try to look big when they are still a penny share I do not know ,it just does not work.

What did i miss yesterday afternoon

gf - likewise - am I in the twilight zone?? am I reading the same news report? - pleased to announce, leading, ... well let hope for a bigger bounce than jordan

"........and you know, I bought some shares at an average price of 1.8 pence and you know what they're worth today?.......... 50 yes 50 pence......."

looks like my dream is coming true (without the obvious financial benefit!)

Big swing to loss for CybIT

MonAM

CybIT Holdings fell in early trade after the company reported a swing to pretax losses in the six months to September. The company blamed a new accounting policy.

It posted pretax losses of 1.13m compared with a profit of 38,397 a year earlier, as revenues fell to 2.61m from 4m.

The company added that it believes the new accounting policy is both 'prudent and conservative', and should ensure 'enhanced profits' in future years.

CybIT said it anticipates further opportunities with major contracts during the second half of the year, and that it can look forward to the future with increasing confidence

Sorry to say this but this is SHIT

Prudent and conservative!! take away the conservative and it sounds a lot like Gordon and I don't believe all he says either.

1.45 to and 1.56 to buy... alot of those sells are actually buys!

well good news if you knew it was going to drop?? - see how many the directors have bought? - lets hope thats the end of the bad news - sack the Sales Director then I say...

I still want to know more about this 1 for 50. Seems to have come out of nowhere. Did anyone know about this before today?

Nope, I think maybe they are trying to run before they can walk!

skids
Me too, I dont like the sound of that at all. What would be the benefit of such a move? Assuming there is a benefit

Douggie's gonna do his nut! hehe

Ignorance is bliss ;0)

what you dont know - cant hurt you! :-) but it would be nice to know what I dont know - just so I can worry (or not) with the rest of you..

Indeed, indeed, indeed. What a load of bs that was. OUCH! that hurt - Seems the MM's have been privy to some info that wasn't shared with us 'The Shareholders' - thats what has got up my nose this morning, ever wonder it never moved forward.

I'm trying to look for positives while I lick my wounds once more. Funny really but I get something from this that I have proclaimed before 'There's tooooo many shares' for such a small company' I have always felt this company had too many shares and hoped they would buy back once the profits increased. This isnt quite what I had in mind but all the same, I think it will prove to be a good thing longer term.

There are a few carrot statements in there, which do give a little encouragement and so I have decided to stick with it. It may bounce after the knee jerkers (meant in the nicest possible way) have bailed. My dilemma is, do I now buy some more, as I have a 'few bob' I was going to place elsewhere. These prices look very tempting.

I don't think it's all doom & gloom tbh, weve seen this many times before and whereas I agree with those that are saying consolidation in this manner, rarely helps the price, there have been some exceptions that have gone from strength to strength, here's hoping this is going to be one of them.

It's still a good company, with a good product/s, that has lots of opportunity to move forward. Sacking anyone at this stage would be both futile and damaging to Cybit. A takeover might be on the cards though?

If it drops further, then I definitely will be buying more.

NF