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...

Don't panic people, just take a look at the progress of the company, Cybit is going places! Hold mid/long term and you will see the fruits.

I think CYH is now looking oversold. For those TA's amongst us, the 14 day RSI is at its lowest level for at least 3 months. Gradient suggests we are near the bottom, providing a springboard for an even greater price rise.

Whether the Sunderland contract will be the trigger it needs, not sure. I'm holding for the medium/long term.

I think the Sunderland contract was put on the Cybit website AFTER the market closed, in which case we could see the RNS tomorrow morning. I hope that's the case because it could give us the lift we need. The contract is worth 300,000 so it's not that small.

Talkpanerai

Think carefully before you ditch these. Telematics will be big, this is just the beginning! Re the new law coming in on Dec 1st, this will give fleet managers the ideal reason to start using telematics. Employees obviously are not that keen to be kept an eye on ie no detours no fiddling of petrol or time sheets. The fleet managers will know where their cars vans and lorries are at ALL times, they now have the perfect excuse to play big brother. I think there will be a lot of advertising aimed at this over the coming weeks. In fact, I have heard that it might be featured on "working lunch" tomorrow. In a couple of weeks time we could be in a much better position than we are today. IMHO DYOR This new law could not have come at a better time for CyBIT. I think there is a lot more to come, contracts are about to come thick and fast!

Well....so its not another 3 mill contract.... but 300,000 with ongoing services income from 200+ vehicles...not to be sniffed at! Well done Cybit and just reinforces my faith in the basic solid direction the finances of this company are going. Soon the price will settle and more newsflow will send it in our desired direction!!! Personally I would expect this to be an RNS unless they feel it is not at a suitable level and could diminish future impact of news if they dilute the quality of their news outputs.

Looking at the Bollinger Bands (Period 20, Distoance 2.0) the price touched the lower band during yesterday signalling a buy signal.

Morning all again

Nice to see the share ticking up and hopefully with the news about sunderland the tick up will be more permanent

Director purchase as well

Looks very good for the future!

This is when I wished I'd pick some more up yesterday!

As long as a company puts out news somewhere and most choose to do it through their web sites - its fulfilled its legal obligation.

If every bit of news on every listed company went on RNS you'd never have time to read it all!

Very true little women. Thanks for the explanation all.

CYH won`t make us disappointed.

Glad to see it in blue again. I was as sick as a dog for the last few days just looking at the share price going further into the red.

It is a good sign that the director has supported the share.

Further to Pumacat post, CEO and FD both invested a little short of 10K each at 3 pence. Doesn't look like they've remortgaged the house to buy the shares, but a positive signal I agree.

Here's hoping for a significant RNS in the next week or so..

GUYS
One good point raised from before is -- law about mobile phones this will have big impact on companys with large mobile workforces such as BT, NTL etc etc(who in the past has raised idea of having system in vans but stopped by unions ie - calls of big brother etc etc) this could be a way of forcing this in under the story of safety etc etc
All these companys need to contact engs etc but at the moment are in the hands of the engineers as to whether they answer the phone or not !! as they can be selective at this time !!
With cyBIT systems there is no hiding place !!

I do know that NTL want to put these systems into their vehicle (which are all leased - but from different leasing companies!). The NTL staff I know aren't part of the Union, but say its the contractors (a huge proportion of the workforce), who they give many of the vehicles to that don't want the systems in the vehicles. The employed staff (many no longer have company vehicles, or those that do have to pay for private mileage on their petrol useage) are coming round to the idea, so it's now just a matter of time before they take them! Also the vehicles have to be kept by the user for a min of 2 years or 85,000 miles which ever is sooner, so they won't do anything until the change the vehicle. The other problem they are running into, is some are saying it's not fair that they will get the system before others. But as I said the NTL staff I know, says it's just a matter of time........

Does anyone know if any other contracts are likley to be announced in the near furture? I heard mention of rentokill somewhere

A lot of the prospective contracts are only known about because someone knows someone at the company where it has been discuss with staff.

I know a some of senior staff at NTL so am aware of whats being discussed there.

The company turned over just under 4M in the first 6 months of this year:

This is the important contract: This came out the same day at the interim - 25 Nov 03

Cybit has announced a three year strategic partnership with Lex Vehicle Leasing, the UK's leading contract hire company, which should deliver revenues in excess of 3 million per year for Cybit. Lex and Cybit formed a new strategic agreement based on the success of Cybit's initial partnership with Lex over the past 12 months, which exceeded expectations, and following a thorough review of the telematics marketplace by Lex. Under the new agreement, Lex will market Cybit's technology and products to its customers and prospects. Furthermore, Lex and Cybit intend to jointly develop an integrated solution based on elements of their web-based solutions - Interactive Fleet Manager and Fleetstar-Online. This will enable Lex's customers to benefit from Cybit's range of scalable telematics and fleet management tools.

thisone is goin to be another biiiig one boys,,buy now before too late,
i just top up mine another 38000 ,we looking probably 7p to8p soon wooooofff
vaiii di brutto

I think cobras is being very optimistic. Certainly the price will rise overall in the future but probably a lot more gradual rather than a huge spike. However that is not so say such a price rise would be unwelcome!

my prediction is 4.5p by xmas, maybe 10p by March'04