I've heard,as we all have about the report commissioned by TFc, to the detriment of ITH, but the one shares mag recons that if the report is unfounded that TFc will "be swept aside" as itis will be able to provide information across the whole country, not just the 'A' roads and Motorways... i invite your comments

I don't agree potatohead. On what basis has it reached peak value? It has outperformed TFC over the last 18 months which has been especially satisfying after TFC's research report trashed ITH's technology in favour of its own. It has secured a State contract in the US and there are 50 more of those potentially and car makers keep signing up.

Great set of results, a swing into profit and lots of cash - but still marked down 9% so far today by the market!

ITIS Holdings PLC swung to profit in the year to March 2006 and said the current year has started well. It added that it is confident it will maintain growth.

The road traffic information and data specialist reported a pretax profit of 1.99 mln stg, up from a loss of 1.35 mln a year earlier on turnover of 14.4 mln stg, up from 10.16 mln.

The group said its year end cash balance remains strong at 5.7 mln stg, compared with 3.41 mln a year earlier.

ITIS said its UK business continues to experience strong growth and is highly profitable.

Chief executive Stuart Marks added that through a combination of the group's largely fixed cost base and a growing number of customers, it is becoming substantially profitable.

Whilst the timing of new contracts is difficult to predict, the group remains encouraged about overseas expansion, particularly in the US, and believes that demand for its services will only increase as road traffic congestion worsens around the world, Marks said.

More good news for ITIS:

Intelematics Australia Pty Ltd ('Intelematics') and ITIS Holdings plc ('ITIS') are pleased to announce that they have entered into an agreement for Intelematics to licence and deploy ITIS developed RDS TMC software for a nationwide RDS-TMC service in Australia.

Intelematics intend to launch the first commercial broadcast RDS-TMC service in
Australia from early 2007. This service will be received by a growing number of both in-car navigation devices and personal navigational devices (PND) to allow
dynamic routing to be used to avoid traffic congestion and hence minimise journey times. RDS-TMC is the chosen route for this new service as it is the most popular world-wide standard for broadcast traffic services and is already adopted by car manufacturer systems and the PND product manufacturers that are represented in the Australian market.

Intelematics is working with ITIS to integrate average vehicle speed data from road loops in metropolitan areas into the TMC application, and to merge that
information with journalistic data entered by traffic operators with more detailed knowledge of incidents affecting the road network. With both the 'cause' and 'effect' information that these sources provide Intelematics, utilising the ITIS application, will be able to provide a high quality traffic service to road users.

The agreement starts with immediate effect to deploy the trial system ahead of
commercial launch, and will continue until at least December 2011.

Adam Game, CEO of Intelematics said, 'We are delighted to be working with ITIS
as we are confident that their prominence and success in the RDS-TMC field will
help us achieve our goal of extending the reach of our traffic services to this
important group of customers.' Game added, 'For our customers, technical alignment of our RDS-TMC implementation with Europe's leading commercial RDS-TMC service will minimise risk and unnecessary localisation that would otherwise be involved in adding traffic to navigation systems in the Australian market'.

Stuart Marks, Chief Executive of ITIS Holdings said, 'As the leading provider of
commercial RDS-TMC services, we are delighted that Intelematics have chosen to
use our software and platform for their own service in Australia. This is the first time that we have licensed our proprietary TMC platform which currently supports over 250,000 drivers in the UK and is the largest commercial deployment of TMC anywhere in the world. '

A very confident sounding update:

ITIS Holdings said it expects full year profits to be ahead of expectations as it reported that all areas of its UK business have traded strongly in the first five months of the year. In an AGM statement Chairman Sir Trevor Chinn said UK growth has been led by consumer demand for factory fit and aftermarket satellite navigation systems. The company has won contracts since the start of the current financial year with Ford and BMW.

'We continue to provide traffic data to most of the leading manufacturers of personal navigation devices and our business with central and local government remains strong. We continue to add new services and functionality to our IVR business and have seen a steady rise in the core minutes per user,' he added.

Chinn said that the company remains confident of its ability to generate new business overseas but that it will do this at a pace that is right for the company. The company also announced that it is testing its CVFD technologoy with a large mobile phone operator to see how anonymous signalling data from the operator's network can help generate road traffic information in a 'large metropolitan area in Europe'.

More good news:

ITIS Holdings has agreed a new traffic data contract with personal navigation devices company TomTom, replacing a previous 18-month agreement.

The company said the new contract includes supply of traffic information to support RDS-TMC standard real-time traffic data which TomTom is launching soon.

Under the earlier contract, ITIS said its traffic data was offered to TomTom customers via a third party integrator.

ITIS Holdings plc today announces that it has agreed a new contract with Clear Channel Outdoor, the UK's leading outdoor advertising company to operate an interactive voice response telephone service. The service will be accessible on all mobile phone networks via the short code 62266 and will deliver the latest traffic information sourced from ITIS's Floating Vehicle Data and supplemented with additional broadcast content form ITIS's exclusive partner TrafficLink. The new service is branded 'The Hound' and will be extensively promoted across Clear Channel Outdoor advertising media.

Commenting Stuart Marks, Chief Executive of ITIS said: 'We welcome this opportunity to extend our range of telephone based information products and are delighted that Clear Channel Outdoor has selected ITIS to be their partner and service provider. We believe this relationship will provide a unique opportunity for cost effective promotion that will quickly deliver high levels of public awareness.'

David Oliver, Clear Channel Outdoor's Finance Director said 'We are excited by this opportunity to create an innovative product that we believe the travelling public will find invaluable and look forward to working with the ITIS team on more projects in the future.'

Excellent results from ITH!

ITIS Holdings reported a near-300% jump in its first half pretax profit as sales and margins improved.

The road traffic information and data firm said current expectations for full year profits are now slightly ahead of those it had anticipated in September.

Pretax profit for the six months to end September totaled 1.8m, compared with 0.45m the year before.

Sales of 8.9m were 41% higher than the same period last year, as the UK business continued to trade ahead of expectations.

'The UK market continues to experience strong growth and the board believes that the potential exists to add to this growth outside the UK,' said CEO, Stuart Marks.

Earnings per share were 1.8p, up 350% year-on-year.

The group's cash balances rose to 7.2m from 5.7m last year while R&D spend went up to 0.46m from 0.41m last year.

not exactly mega turnover thou is it

Still a far better bet than Trafficmaster in this field and oodles of potential in the US and further afield.

Does anybody know whether we are due a trading statement soon?

Here's the trading statement....and the reason for the SP upswing today:

ITIS Holdings is pleased to announce a pre-close trading statement for the year ended 31st March 2007. The Company has demonstrated substantial growth in this last year and expects to report results ahead of current market expectations.

All areas of the UK business contributed to this strong performance whilst our international activities are now developing successfully through a combination of confirmed new projects and demand for the services we offer. We completed the disposal of NavTrak Limited, our stolen vehicle tracking business at the end of March and are now focussed entirely on traffic data collection, aggregation and distribution.

Through the combination of market leadership in the UK and considerable scope for international growth, the Board is confident of reporting continued progress in the future.

The Company expects to announce its Preliminary Results for the year ended 31st
March 2007 in June 2007.

I also note that Altrium have reiterated their buy stance and upped their price target to 90p in light of the pre-close statement.

also, the shares are on the verge of a breakout.....

Good news on both counts sportbilly1976.

An excellent year and dividends to boot! A reward for those who have been in ITH for a long part of their journey:

Road traffic information and data firm ITIS Holdings reported a 361% leap in FY pretax profits to 9.45m. Numbers were boosted by the successful disposal of its NavTrak vehicle tracking business.

Adjusted FY pretax profit increased 140% to 3.9m on turnover that was 30.3% ahead at 18.79m, the company reported.

The company has proposed a maiden dividend of 1.5p a share.

CEO, Stuart Marks, said he was now targeting international growth. 'Whilst last year's revenues were almost entirely UK based, we are now expanding our business internationally and believe that we will start to see new revenue from these international activities to complement steady growth in the UK,' he said.

The current financial year has started well and the board remains confident about the company's future prospects, he added.