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...

As i asked yesterday!
Does this mean that once the early profit takers are out of the way the price should rise!???

We just have to wait for positive news about new contract wins.

They will be working on them as this company seems to be very pro active and forward thinking, so it is only time before soemthing comes along.

The price drifting down is significant for me in that I can buy cheaper and average down to a better level for when the price rallies.

Hopefully! But also it needs the same interest from people to buy the share - that it got when it last went up in price too.

I presume some are waiting for the dust to settle, and for the current price is to settle down it little more. Each time the price drops its give many the chance to pick up some more at a very good price, so it starts to rise, but they go into profit, so they sell and the price drops. As time goes on the number who buy increases, and the number who sell decreases and hopefully the price will continue up, rather than the current yo yo around the 3p mark at the moment.

golf12 keep us posted should you hear from cybit.I was told no news is good news so maybe the company is a bit coy about giving away too much information.

We have nothing to worry about and everything to look forward to.

Expect to hear good news soon!!!!!!!!!!!!!!!!!!!!

Chrissie, what make you made such a statement?

I second that ticker

Especially as we are at 2.92p as I speak...

anyone in short term, dont bother. Mid/Long this is going to new highs

what do you call new highs ?

I believe March 04 is the final results period, so i'd personally expect any new substantial deals to have been announced way before then. However, I do feel as though CYH should be higher in price. They posted a profit for the first time and have large orders on the books. Is anyone here an accountant? If so, is there something hidden in the interims I'm missing? Help appreciated.

I'm beginning to think all hypers are MMS

I've had another look at the latest news and interims and I think CYH need to anounce another deal worth 1m plus, to hike the price further than the 3.5 resistance. But I still believe this stock is worth holding (and topping up) because it has two deals worth 3,300,000 for the next 12 mths already, and the Mobiles in cars law change will bring in more business. The current up/down/down movement I think is down to a lack of deal announcements.

IMHO.

skids
Marques-Bros Racing

I've printed the interim report out and will let you know if I find anything.

But I will make a comment - on 23 Oct the company announced the new partnership agreement with Lex, but on 25 Nov they announced that the agreement had been signed. The market does not like this way of reporting news. What would have happened if the agreement didn't get signed?

Does anyone remember a company called AIT (AGP)? (Still trading, but now under AIM) They made a major contract announcement and the share price increase substancially. A couple of months later they then disclosed that the contract was never actually signed and the other side had pulled out of the negotiations. Anyone who invested in the company at the time would have seen their entire holding become worthless.

Well that was boring! The accounts were nothing special and there are a lot "indirect" provisions so there should not be any nasty shocks in the future.

The only "telling" item is the 20,000 provision for a future tax rebate! This means that although the company made a net profit before tax - by the time they reverse off the future income provisions, and the future expenses provisions in the Corporation tax computations - they expect the company to have made a loss for tax purposes - but this amount is far less than before as they made a 125,000 tax credit provision in the previous 12 month against that years losses. So all in all the company is doing a lot better than before, but not a well as in the Chairmans report which was actually quite positive. I think the next 6 months should be a lot better!

Many thanks little women.

Before I forget - if you work on a 20% Corporation tax rate - the 20,000 tax credit provision is on a projected loss of 100,000 for the 6 months.

Markets is closing in a few min - so looks like no more chances to buy at under 3p today!

I promise you, a new contract WILL be announced before Christmas!

Golfclub12

Who did you send the email to at CyBIT ?

Small item in Shares Magazine today under Director Dealings!