CURRENT PRICE 2.00-3.00 PENCE
TRADES OVER 60,000 SHARES ARE DELAYED IN REPORTING BY 1 HOUR.

"QuikTrak will serve the community by providing secure, reliable and flexible tracking and messaging services"

http://www.quiktrak.co.uk

Substantial Share holdings updated on 14 June 2004.

Chris Kyriakou 19,241,056 (updated on 9 July 2004)
(including interest held through Investika
Ltd)
Guido van Alphen 671,989 (updated on 9 July 2004)
Charles de Chezelles 1,000,000 (updated on 9 July 2004)
Brian Parritt 682,825 (updated on 9 July 2004)
John Scott 998,334 (updated on 9 July 2004)
Damelian Automobile Limited 5,935,483
HSBC Global Custody Nominee (UK) 4,373,333
Productive Nominees Limited 3,348,400
Westpac Custodians Nominee 2,857,162
Philip Securities (UK) Nominees 2,630,084
SST Partners Pty Limited 1,865,437
________________________________________________________________________________
INTERIM RESULTS

QuikTrak Networks PLC
20 September 2004

QuikTrak Networks Plc

Interim Results

For the six month period ended 30 June 2004

The first six months of this financial year have presented the Company with some
major challenges.

Following the commercialisation of the M25 Network in late 2003, the Company
found that the market demand for a network limited to within the M25 was
incompatible with the operating costs being incurred, in particular the level of
spectrum fees being paid, which were for a national UK telecommunications
licence. Given the intense competition in the sector and the variety of
technologies on offer, it is now clear that a fundamental component of a
successful business plan is the ability to offer UK national coverage. The
establishment of such a network for QuikTrak would require a significant amount
of capital and we have to date not been successful in securing these funds,
despite sustained efforts.

Following a review of the costs incurred in operating the M25 Network, the Board
resolved it was not in shareholders' interests to continue to do so. As a
result, the Company's wholly-owned subsidiary, QuikTrak Telecommunications (UK)
Ltd (QTT), was placed into administration on 23 August 2004. The ability of
QuikTrak Networks plc to pursue its broader objectives is not impacted by this
decision.

During the six month period, the Company generated revenue of 157,002 (2003 :
26,025). The loss for the period was 2,589,940, which includes writing off
the value of the net assets in QTT to nil (2003 : loss of 1,471,848).
Included in the consolidated balance sheet at 30 June 2004 are assets of QTT
amounting to 1,142,642, offset by liabilities of QTT of the same amount.

The Company has refocused its operations in order to enable it to exploit the
Intellectual Property Rights of the technology and its unique software in
Europe, the Middle East and the countries of the former USSR through network
sales and licensing arrangements. In order to be able to demonstrate the
technology, the Company has negotiated the right to use a QuikTrak network
currently operating in Australia, at a substantially lower cost than the
operating costs of the M25 network.

In July 2004, the Company raised new equity of 800,202 (net of costs) to
finance this revised strategy.

Progress continues to be made in selling a licence agreement to a prospective
operator in the United Arab Emirates. This is the first example of QuikTrak
utilising the Intellectual Property ownership of its system and is intended to
act as a blueprint for all future licensing deals in Europe, the Middle East and
the countries of the former USSR. Licensing deals are expected to provide a
revenue stream through consultancy fees for preliminary investigations,
technical planning, acquisition of base-stations and software, as well as
through monthly technology, licence and technical support fees per base-station
and transponder deployed.

QuikTrak's secure, accurate and reliable tracking technology has been well
received by the market for a wide range of applications and I remain confident
that with our new approach based on licensing and partnerships we have a solid
base for re-building shareholder value.

Chris Kyriakou
Chairman
QuikTrak Networks plc

For further information contact:
Annie Richards QuikTrak Networks Plc Tel: 0870 010 6044
Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400

on board at 2.5p

Cheers for flagging this one up

Summary.

Trades Today.

BUYS = 521,264,
SELLS = 250,955,
Rollover trades = 1,228,000.

614,000 rollover trades reported at 3.50 pence and 3.45 pence after close today where somone sold them at 3.45 pence and bought them back at 3.50 pence. Someone who probably had these on a T20 etc. Encouraging trade nonetheless.
Though it is a rollover someone out there is holding 614,000 SHARES at a price of 3.50 pence now.

When the 56 million shares at 1.50 pence will be admitted to the market to be announced at the EGM tomorrow in which directors are putting 200,000 of their own money into the fundraising. So out of the 56 million shares the directors will be adding approximately 13 million shares to their interests.
The chairman already has a sizeable holding at 12 pence and other directors at 12 pence..

Director Number of ordinary Interest in ordinary Percentage of
shares subscribed in shares following the issued ordinary
the Placing Placing share capital
(following the
Placing)

Chrisilios Kyriakou 883,333 10,166,056 17.0%
John Scott 316,667 331,667 0.6%
Charles de Chezelles 233,333 333,333 0.6%
Brian Parritt 150,000 216,158 0.4%
John Landels 66,667 109,677 0.2%

(29 January, 2004)

I am trying to buy some more but at 2.75... will try later and see if I can get if for 2.5 like yesterdays...

Anyone getting quoted similar prices??

the only thing you can say about this one is that if you are in at the placing price 0.015 then you MIGHT make a profit. Mind you, there have been previous placings,at higher prices and most of those investors will be sitting, just waiting, to cover their money.I suspect a LOT of burnt bulls in this one and its all going to take sometime to sort out and, possibly, even longer to make a real profit

xmortal
yes I am gettimg the same price quoted. I tried yesterday for 2.5 but didn't get any. Graeme.

I picked up a bunch at 2.5 yesterday, but today I bought another 200,000 @ 2.6 pence.

will try at 2.6.

Expected Announcement after today's EGM:

RNS Number:5530A
QuikTrak Networks PLC
06 July 2004


6 July 2004


PLACING OF 56,430,004 ORDINARY SHARES AND EXTRAORDINARY GENERAL MEETING


QuikTrak Networks plc announces that the resolution put to shareholders at this
morning's EGM was passed and that accordingly the directors are authorised to
allot up to a further 100 million ordinary shares on a non-preemptive basis.


The Company has placed 56,430,004 ordinary shares at 1.5p per share, conditional
upon the passing of this resolution, and application will now be sought for
these shares to be admitted to trading on AIM, raising approximately #790,000,
net of expenses for the Company.


Chris Kyriakou
Chairman


For further information contact:


Annie Richards QuikTrak Networks plc Tel: 0870 010 6044

Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400


This information is provided by RNS
The company news service from the London Stock Exchange
END

IOEQKAKPQBKDNOK

Another announcement should be forthcoming in the next day or two stating when the new shares will be admitted to the market.

Edit : will work out new directors interest numbers in a while.

Sue - I thought you might like to know that a poster on AFN claims that City Equities are hawking these around:

medicineman - 6 Jul'04 - 15:12 - 586 of 586

I have been offered these to buy at 2.5p by city equities today.They bought in the placing at 1.5p and are happily making 67% profit every time which is nice for them!These shares will inevitably drift towards the placing price of 1.5p unless there is a lot of positive newsflow.I will buy then as I still like the longterm story on these.

I guess that means that the placing stock isn't going to be tightly held and QTR have struggled to find any investors that wish to hold the stock, leaving the door open for the likes of City Equities to make a fast buck.
I suppose that also explains the large discount to market.

Rgds, as always.
dell

Hi there,

I believe the real market price has been around 2.00-2.50 pence for the last seven trading days. City Equities clients are paying the same price as others.

Thankyou very much for the information. Much appreciated.

3/4 of the fundraising might have been placed with City Equities :

Daily Mail Newspaper (roughly ten days ago).

Quiktrak Networks closed 1/4p higher at 2 1/2p on rumours that the group has raised 750,000 to fund development. The vehicle tracking system designer's directors are said to have fronted a quarter of the cash.

http://www.thisismoney.com/20040624/nm79755.html

will these new shares drive the current price down or not?

how long are you thinking of staying in this one sue helen? is this a short/medium or long term investment?

tokyo

Hi Tokyo,

The price will hover around these levels for the time being, this news was anticipated when I started my thread. I'll be staying in for the medium term. The upside does far outweigh any potential downside which I don't think there is any at all, particularly as they will hardly be any selling at these prices. One can deduce by looking at the trades picture. All the bad news is priced in. I would expect more contract wins to be announced in the coming weeks, with further developments in their interests abroad.

thanks alot Sue Helen
shall just tuck these away for a while, but will keep up with this thread

Tokyo

Sue - do you know if Jubilee Investment Trust still hold these, as they have been known to dump some of their poorly performing holdings causing big sp declines and large overhangs?

Rgds
dell

Hi again, I understand they may have sold 2 * 6 million shares on Friday 25 June 2004. I also understand there was a 6 million cross trade on the previous day at 2.05 pence. I can't confirm the authenticity as there have been no RNS's after that.

Since then there have been roughly 2.25 million in buys and around 400K in sells.

Sorry for the delay in replying, connection problems.

Movement up should happen now in due course with the fundraising announcement out of the way. The price is at the bottom and has stayed at this level for the last ten trading days. Over the last ten days only buys have been coming, some good ones with 3*200,000 buys and plenty of other sizeable 150K and 100K buys. Hardly any sizeable sells. There are just no sellers at 2 pence so the price will not be falling, well it hasn't has it for the last ten trading days. Our true price was again 2.0-2.6 pence today so same buying price as the clients of City Equities. Fundraising at 1.5 pence was known about exactly ten trading days ago as well so nothing new. No Sellers at 2 pence.

Around 2.5 million in buys over the last ten trading days and about 350K in sells.

Sue - assuming your figures are correct, the buying is nowhere near strong enough to dent the placing, as we now know that the penny share peddlars have taken a significant portion of the stock. With these "fast buck" firms holding the stock, do not expect the sp to react in the same way as for a placing with an institution that regards the purchase as an investment.

Rgds
dell