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...

Just watched an item on Working Lunch which says Norwich U is launching a box at 200 for young drivers to buy and install in their cars to track their mileage and areas they drive in also whether they are driving late at night which is when most drink related accidents occur. If they buy this and prove to be driving responsibly they qualify for much reduced insurance premiums. If this takes on and sells well I would guess that CYH is the main supplier.

Also could have the knock-on effect insure whilst you drive?

Yes probably, as a low mileage driver that would suit me.

More info on the NU black box for young drivers at http://www.money.telegraph.co.uk/money/main.jhtml?xml=/money/2005/01/12/cnnorw12.xml&menuId=242&sSheet=/money/2005/01/12/ixfrontcity.html

Presumably this is Cybit technology. I note that it is being offered to only 1500 drivers, so it's still in the pilot study stage, but would be great news for Cybit if it took off.

After a little more digging I don't think the Norwich Union scheme does have anything to do with Cybit after all: according to the Financial Times 'Norwich Union has formed a partnership with Ohio-based Progressive, the US's fourth-largest insurance group; IBM and mobile phone group Orange to operate the scheme.'

RD

Didn't seem to tie in with CybIT focus on lorry fleets. So a complementary product; positive is evidence that Norwich Union mean business and will "encourage" clients to utilise the CYH facilities.

Eric

I've always thought this to be Cybit contribution to Norwich Union link up...similar kit to mapAmobile keep track of mobile phones, also similar to unit in cars small vans keep track of individual remote staff.. duty of care etc. also similar unit used in DriveIT to assist car share schemes all sound much the same sort kit to me ...hope I'm not wrong..............

RD... Is it possible to post the link to the ft article. Thankyou.

news 30/09/04 CibIT site, 3 year contract with Norwich Union talk of introduction of pay as you drive insurance for truck drivers can monitor safety and style of driving of individuals and taylor prmiums to suite, the young drives scheme a natural follow up to that in my book.

Douggie... Cyh are fleet, never were for private vehicles.

skids just seen your post 2768 ??? there are a lot of parents out there paranoid about their kids when out ( what about school runs) fear for offspring not helped by number of murders latley.

could it also be used as cheap form of in car tracker if your car gets pinched
a cheap or older phone could be left in car if has to be left in a dodgy site!!

am I clutcing at straws....how I would like to see the sp mouve up!!!!!!!!!!

triangle..realy!...then what a waste of good technology multitude of aplications/outlets smaler scale!!!!!!!!!!!!!!!!..

dougie (p.2782),

I hear what your saying, but I still think its small potatoes for CYH.

If insure-as-you-drive comes in then CYH could be on to a big winner, but even that could be a few years off still. I hope I'm wrong.

rgds,
skids

Triangle

Link tp FT article is: http://news.ft.com/cms/s/0e83b750-6445-11d9-bd01-00000e2511c8.html

http://news.ft.com/cms/s/0e83b750-6445-11d9-bd01-00000e2511c8.html

RD/Golfclub.... Many thanks

No worries

Agree Triangle. CybIT much better to stick to lorry fleets and their management. Good niche market. A lot of players in car market: smaller revenues and more hastle. Marketing and management style completely different. Would still like to know more about CYHs competition. Any knowledge about?

Eric

Chrissie do you have any knowledge on Cybit's competitors ?