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...

I really hope it will rise to 40p ............ in 2 weeks time.

dalrymp I do hope your holiday is as fantastic asyour posting truly best wishes may you return a rich man Doug.

I think I mentioned a company I know of that is considering taking on the system, but what's holding them back is the reaction of the staff as it would mean the company would be able to check if they really where they said they were, and if they were working/doing the overtime they say they were doing! But because they need to keep better control of costs, I think they will eventually go for it. Their fleet of cars & vans (all leased) is more than 25K vehicles, because they also give all the contractors as well as most of the staff, vehicles.

Have today been in touch with cybit ref prelims and have been told that as yet no date has been set, november has not been mentioned. If anyone else has anything further i would be pleased to hear it.
Nig

I think we have all been going on the fact that the interims were out last year mid November, and expected them to do the same. Will check it out.

the last results were on the 16/06/2003 ,going on a six mounth basis the interims will be out early to mid DEC imo.

dalrymp,
I hope you have a great holiday.

From all the news sites I've checked CYH has never given advance warning of when the results are due out, so we only have the past to go by.

The 6 months period ended 30 Sept, and as interims are not audited, there should be no reason for any delay, as I would expect them to have been doing fairly acurate monthly management accounts very close to month end - so there would not need much to be done to finalise - unless of course their accounting systems are poor or there was info they did not want to release yet.

..........not want to release yet : Perhaps the reason

well whatever is happening its taking a good hammering today....down 10% but no problem getting a price if youre selling stock.......so as the buys are less then the sells wheres it all going....mm building up a reserve??

If I could get my L2 back, I could perhaps attempt to work out when it hits bottom......

10.51 a.m.
All indices down :- FTSE = -33.70
Russia-yukos-has destabilised the markets worldwide.
--------
I still think interest rates are the problem with this company.
Even if they do not go up tomorrow the fear is they will go up.I think the
Institutions are pricing in this rise.

I think you are most likely right, although I think they are over reacting. We'll just have to wait & see, and hopefully, once they realise they are over reacting we'll get another large short term increase.

Isn't this is drop more the case that the MM's are tree shaking and causing investors to trigger their stop loss limits so lots of sellers.

Even if interest rates go up, Cybit is well placed as their product means for customers that they can have much greater control of costs in knowing how, where, what and when in terms of running day to day business expenses, particulary the costs of work in progress and their workforce. Chances are that they can then save in operating costs will far outweigh any rise in interest rate.

Too true - but we seem to be obsessed with the interest rates. Personally I think at this point it should be a problem until rates double for the market as a whole, but until the panic stops and clear thinking kicks in itll be - A big storm in a tea cup!

Look at the figures for the service industry sector & Cybit is too good a service company in telematics to miss. Don't forget also, manufacturing output in general is down and it would mean ecconomic suicide to raise rates more than .25% particularly as the US are keeping their interest rate down for the foreseeable future.

The press are hyping this nervousness up to much.

News I just got:-

London Markets slip back after US declines 11/5/2003 6:10:36 a.m --Diff zone

...............traders thoughts were also turning to the Bank of England
two-day meeting to set Interest rates,which begins today.The market is pricing
in a 25 point rise,to 3.75 per cent,when the decision is announced on Thursday.

More news e.mailed to me :-

FTSE 100 slides on rate rise jitters......about economy recovery faltering
if interest rates begin to rise.

10.26 a.m.
Down 30.4 /.7 per cent @ 4,299.7..........expected Bank of England interest
rate rises.

Please note above is objective news and not my opinion either way.

Thank god for L2!

@13:49 1 MM @ 3.05 bid/3.55 offer
@14:10 3 MM @ 3.4 bid/3.9 offer

All change!

@13:49 1 MM @ 3.05 bid/3.55 offer
@14:10 2 MM @ 3.4 bid/3.9 offer
@14:15 1 mm @ 3.45 bid/3.95 offer