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...

Are the share holders just discussing the consolidation on the 20th or will the consolidation happen on the 20th?

Whats your thoughts on the consolidation?

My understanding is that the EGM on the 20th Dec is to seek approval from shareholders for the 1 new for every 50 ord. held.

skids

MillionDollarMan

I think this is a good move as institutions, in particular, seem to wary of penny shares. It certainly seems to have helped healthcare Enterprise Group who have done a similar consolidation, in their case 1 for 100. Other shares, including Majestic Wine, have gone the other way to improve marketability with a share split. It seems to be helpful to have a share price in the range of 50p to 200p or so. Not in at the moment, but looking at a purchase before the 20th.

Eric

looks like we did well to hlod blue today ;o\

EWRobson, you must have misread somewhere, the HCEG consolidation is 1:25
regards
opto

SUPERMARKET WAVES GOODBYE TO JAMS

optomistic

Quite right. Another of those SM's! The new SPs will be in the same region for the two companies. HCEG have moved ahead since the announcement although plenty of good news as well. They were written up as a 'penny share' in IC and that hardly gives the impression the directors would like to create.

Eric

Anyone,

If the shares do get consolidated (1 for every 50) what will happen to the price? Is it a simple case of 50x the price when it gets consolidated? Or is there another way of pricing the new shares?

skids

Sorry folks posted on wrong thread..

skids.... Your right. 50X the price. ie; 1.5p becomes 75p

Bought some for the bounce, nothing doing.

Think I'll wait till the consolidation is done with now.

skids

They could move a bit ahead of the consolidation if you take a lead from HCEG. One reason may be that they will look more stable and the spread might drop. Just got this feeling that you might be better in first.

Eric

Is this going to follow TFC or take advantage of their falling share price ????

no surprise here RED again!!!!!!!!!!!! :-[

All sells this AM but only 1.9 million shares traded, can't expect things to change much for the better yet Douggie, the results were a bit of a shock to all and will take some while to rebuild some confidence in the stock.
But CYH does have a good product and has a chance of making good in the future.
Not too happy consolidation though, not got happy memories of those from the past!
I also hold HCEG, they seem to be weathering the pre consolidation period well but they do have a product which is 'in the news' which I think must be helping it along.
regards
opto

I think this has just followed tfc down, poor sentiment in the sector. We will return!

Unless there's a crisis at work, I'll slip over the bridge and go to the EGM Monday morning. If there are any (sensible) questions anyone would like me to put to the board and I'll do my best. I'll take notes and post replies Monday or Tuesday evening.
IN

ironnick, If the subject isn't covered I would like it explained, in laymans terms, how the new accounting system is responsible for the loss this year and yet it is said to be likely to increase profits in future.
Have a good morning out,
regards
opto

ironnick
can you ask them why when they announce these deals why there never seems to be any indication of projected revenue ,as its ok having loads of deals but we need to know what there worth !!
Regards Richard