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

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

SueHelen

Just seen the price. Did you set a stop or are you unworried?

Would hate to see anyone take a tumble.

Al

Al - I'd imagine that Sue has taken a nasty hit on this one. A stoploss wouldn't kick in until the damage was done.
With only 1 MM on the bid at 2p yesterday and all that new 1.5p placing stock flooding out from the penny share pushers, today's fall isn't too much of a surprise.
I expect that there will be a lot of minor MM moves, as they work the placing stock, so Sue may be lucky enough to get out on a small rally.
Otherwise, I can't see this stock going anywhere but down in the short/medium term, unless they can cobble some news together.
With the recent strategy change, I guess QTR are on the back foot, desperately trying to salvage something form the remains, so I won't be holding my breath.
Glad I gave this one a wide birth..

Rgds
dell

dell

Things may settle in a day or two. Hope no-one's hurting too bad at present. I've been battered a few times and you do feel for people at these times.

On the contrary Big Al, the price has not fallen 27% today as the screen is indicating. You were unable to see that as you have not been monitoring this stock and looking at the trades picture for the last two weeks. The real fall was only 10% with the bid price dropping to 1.5 from 2.0 pence. This was despite no selling again for the 11th consecutive trading day. The bid price dropped to 1.5 pence as the fundraising resolutions were passed yesterday at 1.5 pence. This was already in the public domain. With regards to the offer price dropping from 3.50 pence to 2.50 pence is really good. The offer price of 3.50 pence was misleading as the real buying price has been 2.5 pence at which we have been buying stock at. In addition, the offer price dropping to 2.50 pence is better for us and the price now is indicating the true spread where it wasn't before as we were buying stock below the mid-price when the offer price was showing 3.50 pence. That was an indication of an overhang with the fundraising coming up. The drop on the offer price is indicating to me that the overhang has now cleared in that the price one has to pay to buy stock is the same as the one showing on the screen. Investors will not be buying stock below the mid-price anymore.
To add, even today buys considerably outnumbered sells, all buys reported today apart from a 10,000 sell at 1.63 pence. There was an approx.210,000 trade at 2.38 pence which was a buy and reported as delayed. In total again today, buys came to about 460,000 shares and sells 10,000. Buys have been increasing since every day over the last 2 weeks with virtually no sells at all. Other sizeable buys have started appearing in the right column today with the offer price corrected to what it should be. No sells were again reported at 2.00 pence today. The drop on the bid price was duly because of the fundraising announced yesterday at 1.5 pence. We already knew that was coming!
The price just corrected itself and was not down 27% as the screen is indicating. The buying price is showing 2.50 pence which it was yesterday as well. The offer price correcting itself today is good.
I do not keep a stop loss on small caps, as the Market Makers can easily trigger it for no reason. With regards to your statement that you hope no-one is hurting at the moment, the buying price is still the same and no one has taken a nasty hit. I have my own price target in mind but with the good contract and licences news the company can deliver the price could easily double or triple from here or even more. The company is moving in the right direction now, they have rectified their business model and now they have the cash as well. The company is also in discussion with a strategic partner to assist in them in moving forward and assist them in enhancing the potential of their technology. I'm very confident that these will rise substantially from this bottom in the medium term but these may not be everybodies cup of tea.

There was a correction on the offer price and the price did not really fall 27%. The bid price moved down to 1.5 pence that was all. Interestingly, Level 2 closed at 3 v 1 which is very strong and the best it can get. That makes sense with what I have just stated.

PS. I had a such a lovely time at my graduation today, it was wonderful, though there were some tears present.

SueHelen

thanks for the up-date & congrats on the degree

Tokyo

Sue - Firstly, congratulations on your graduation.

As for QTR, I'm not totally convinced by your attempts to convince us that yesterday's fall was a good thing!

The real fall was only 10% with the bid price dropping to 1.5 from 2.0 pence.

The way I see it, is that anyone buying at around 2.5p now books an instant loss of 40%(2.5p to 1.5p) rather than an instant loss of 25%(2.5p to 2p) before.

Inspired by your relentless enthusiasm, I've had a look at the recent final results and they are dreadful.
Are you aware that the recent placing is smaller than their short term creditors?
Last year's turnover was 49k against admin of over 4mln!!
Ignoring capex, last year's net operating cash outflow was 3.5mln.

This looks destined for the receivers, unless one of the directors has a magic wand.

Good luck but there have got to be safer places to put your money...

Rgds
dell

Hi there, I have already stated that all the bad news is priced in, and most of their latest contract wins and licences and encouraging activities were not included in the results. With regards to the spread the price does move in increments of 0.5 pence, it is the same if the price is going up the offer price can get to 3.0 pence on one tick. QTR has changed its business model to drastically reduce operating costs and maximise opportunities for its patented technology. Selling licences to utilise their technology rather than operating a network themselves gives them a much better chance of success by cutting operating costs to a fraction of what they were.
The revised business model could work very well for them. Focus on the technology and let others invest in the applications. Incidentally, Level 2(courtesy of MONEYAM) is strong again at 3 v 1.

Thankyou very much indeed for the congratulations Tokyo and dell314.

Well done on degree-keep bating

ep

Thanks ep.

12 million Broker trade reported at 1.52 pence. That'll be City Equtities who have given the market makers the stock they were unable to sell at the same price they received the stock at. This follows on from my post yesterday why the bid price was moved down to 1.5 pence. Level 2 unchanged at 3 v 1.

Sue - congrats (belated)

Agree your analysis of the "headline" figure on price, but do please be careful. This is not a one-way street. ;-))

Thank you very much BigAl, I do understand and I am aware of the risks.

xxx.

SueHelen - 08 Jul'04 - 15:58 - 59 of 61

12 million Broker trade reported at 1.52 pence. That'll be City Equtities who have given the market makers the stock they were unable to sell at the same price they received the stock at.


Sue,

If you are correct about this, I would suggest you have a serious problem, as MMs are extremely unlikely to shift 12mln at current trade volumes.
Could be another nasty drop on the cards....

Rgds
dell

Kool!

;-)

As I stated in my previous posts the directors have increased their holdings by taking part in the fundraising.

RNS Number:6761A
QuikTrak Networks PLC
09 July 2004

London,
9 July 2004


DIRECTORS SHAREHOLDINGS

Pursuant to the Placing announced on 6 July, the directors of QuikTrak Networks
plc have subscribed for new ordinary shares in the Company at 1.5p per share
and, following the subscription, are interested in ordinary shares in the
Company as set out in the table below.


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

Chris Kyriakou 10,000,000 19,241,056 16.6%
(including interest held through Investika
Ltd)
Guido van Alphen 666,667 671,989 0.6%
Charles de Chezelles 666,667 1,000,000 0.9%
Brian Parritt 466,667 682,825 0.6%
John Scott 666,667 998,334 0.9%


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


The Directors of QuikTrak Networks plc accept responsibility for this
announcement.


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

RDSUUURPMUPCGGB

Sue, great work.... This will deliver. it may take a little while but it will based on the recent news.

Sue - Apart from Chris K, who is already in up to his neck, no director has put more than 10k of new money in.

Incidentally, if you want to keep a check on the shareprice of Quiktrak Networks in Australia(the original parent company), use this link:

http://www.asx.com.au/asx/markets/EquitySearchResults.jsp?method=get&template=F1001&ASXCodes=qtk

No need to check it too often though, as the company was placed in administration on 11th May 2004.

Seriously, have a look at the AR for the Australian company, as they were more established, with a much larger turnover, but were still making huge losses, ending in administration.

Rgds
dell