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...

LONDON (AFX) - CybIT Holdings PLC moved into the black in the interim, as it posted a 79 pct hike in sales, but said trading conditions in its major markets remain challenging.

Neil Johnson, Chairman of Cybit said: " The company is now well positioned to build on this success. From our strong financial base we intend to build the business through both organic and potential acquisition led growth and look forward to the future with confidence."

The comments came as it posted a pretax profit of 38,000 stg against loss 474,000 on first half revenues of 4.0 mln.

It said this represents substantial growth over both first and second half performance in 2002, 2.2 mln and 2.8 mln respectively.

Referring to its divisions, tt said it expects revenues from indirect sources to continue to grow during the second half.

As for its Drive-IT solutions, it said sthough revenues are still modest, the outlook is encouraging.

The group continued to be net cash generative during the interim.

Cash in hand as at Sept 30 2003 had more than doubled to 944,000 stg compared with 470,000 at 31 March 2003.

i think ppl waiting too long for grow... they intend to sell their holding now.

Price has gone down today, any particular reason????

It was up first thing, got to +5.6%. I guess today will be a rollercoaster ride, but generally it should remain higher (steady slow progress is the key). After all CYH are now in profit.

so far same as all my holdings bought on strength of good results/news when it comes as now =sharp drop share value in spiteof more buy than sell, I wait more in hope than expectation..dont wory we wont see 5p today prob. not this month/year.....I want to be proved wrong of course. D, :-(((

Agreed that the results were excellent but why does this have a reverse effect on the share price?

We all have been so very much looking forward to this day and some positive news to kick start this stock.

Does anyone know what the likelihood of new contract announcements??

Hang on in there, I'm sure it'll be a positive finish to today. But I've got to be honest its doubtful there'll be a 5/6p finish IMHO. I hope I'm wrong tho.

Ticker

Regarding new contract announcements. The following is from The Penny Share Review 3rd Nov 2003 - "The Daily Mail on Saturday says that dealers expect a bullish newsflow from Cybit Holdings over the coming weeks".

Hopefully this suggests that we'll have more news flow soon (maybe even more today).

Thanks for that bit of news Geoffrey.r

Was rather hoping for the share price to finally take off.

bought more at 3.36

Share price has turned - starting upwards

It has a reverse effect because the MM's know your feelings! They know you roll and jump about when you see blue and throw up at the site of a BIG red so... when you expect the screen to turn blue they make it turn red which screws your stomach which in turn helps you to sell! (for the weak ones anyway).

Then after the MM has your shares he then does the opposite and jacks the price up which of course you are OUT by the time he does this. You then get the sicky feeling again because you see your profit flying away, so you buy in at a higher price...

...and the story goes on!

I agree with nitefly on this

the fundamentals are good as the compnay is now in profit and further contracts are expected within the next few weeks

Has started to go up a bit, but won't touch 5p in another couple of days or so, as it seems.

Nitefly, love the way you have explained it. Makes perfect sense and do recognise the way the mms manipulate the share price.

With this share they work in pairs! (There are 4 MM dealing this share) Many shares have a lot more and they tend to stick together, so if one raises their price the others tend to follow.

One of them took a chance and raised the bid & offer price, but no-one else followed so it was lowered it again. The only part we saw was the bid price because this mm was giving the best price at the time. The offer was higher than all the others.

Just to reiterate what was posted a while back on the RTD thread.

Hold onto your shares until they are in profit. By doing this all you have lost is time, rather than your money!

This company has provided good news not bad? Holding stock such as this will reward....more news will provide the key, anybody have any good links to further news on AIM stocks, need to know more on possible contracts looming?

Not surprising it is - 30 from open and -10 from close
Volume 15,000,000 - City/Institutions shows the accounts are very poor i.e.
no meaningful Positive outlook : just words to put a gloss on them.

Above is the reason I wanted to sell them @ 3.80 approx - previous treads -
4 days after I bought.