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 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!

Morning Chrissie

I went onto their www. and mailed them. thought that us share holders should need to know what is going on but i just guess they are playing there cards close to their chest as there is no reply.

G12

chrissie,what do you mean you promise????A very bold statement indeed!

from another bb,

News on CYBIT in todays Shares:

Cybit: profit enabled

Shareholders in telematic service provider Cybit (AIM:CYH) have endured three years of losses, never received a dividend and seen the shares fall to 0.27p earlier this year. Yet, chairman Neil Johnson and three executive directors have recently bought a total of 1,155,000 shares at 3p.

At the AGM, the chairman indicated that turnover in the first quarter was expected to be slightly in excess of 2.1 million. This compared with total sales in 2002/03 of 5.1 million. He was confident that Cybit would break into profit during 2003/04.

Since then, the group has signed a deal with Lex Vehicle Leasing and HBOS which is expected to deliver over 3 million in annual revenue.

A pre-tax profit of 350,000 is expected next year. Once Cybit makes pre-tax profits, it will be able to benefit from tax losses of more than 2.7 million.

Also, two issues raising 5.35 million have strengthened the balance sheet.

Shares magazine have CYH as a SELL - ending with the following comment:

"The opportunities are obvious, but competition remains critical. At least the recent 5 million fund raising leaves Cybit stable financially"

A very ambiguous statement.

So as said by one of you guys hold medium /long :)

The good thing is that the rises are getting a little higher each day which should be a good sign that things have started to settle and upward progression is the only way.

G12

Are you still holding stock little woman.....

In for a penny and in for a pound on this one now!

I've done plenty of researc and looked at the historical performance and data of this company and it has completely turned around from a speculative punt type share based on hope more than reason to a solid business model with good management, a sund (if somewhat competitive) market place that is likely to increase as per the USA and good cash flow.

Small cap companies like this thrive on good news and contract wins, so that is wjat we must wait for, but they will happen if I am to believe in the management here.

Definitely a med-long term multi bagger at these levels IMHO DYOR, etc, etc

200k+ holders will be retiring in 24 months time with this one me thinks! Ramp, ramp, ;-) LOL, that was a joke btw for all you with zero SOH!

Yes I'm still holding - infact I picked some more up yesterday before close at under 3p

Slowly but surely! Those who have waited will reep the rewards.....

I just don't understand Shares Magazine. I think they've got their facts all wrong re tax, statements from brokers etc. and they make no mention of new mobile phone laws. Plus directors buy at 3p, the placing was at 3p and Shares say sell at below 3p. I know who I think has the better insight. They also make no allowances for further contract wins. Yes there is a lot of competition in the telematics industry but there is also a lot of business, especially now. Also CyBIT has won a number of contracts so is clearly keeping up with that competition. They were recently chosen by Lex for another three years AT LEAST after exceeding expectations! I have heard that the Management Team at CyBIT are furious with Shares and rightly so in my opinion.

The thing that gets me is that if Shares Magazine had got their facts straight and posted a BUY, which it undoubtedly is, then we would be flying today. Sorry to go on but....

Personally I have never followed recommendations that you find in the press - in fact on many occasions have done exactly the opposite as when I've done my research I have not found their reasoning that sound and done really well! (I could tell you many stories about shares I've bought at rock bottom after the anlysis & the press have slated a company - only for me to make huge profit later!

The investment club I'm a treasurer has had the value of a few shares wiped out - and every one has been from a member who has a newspaper article in their hand! Fortunately the other members are starting to realise that this is not the best way to find shares to invest in!

I agree with you but the trouble is a lot of people follow these tips and it can make a difference to the share price....though only in the short term I suppose. Ah well, time will tell...

Thought I would just add this thought on the shares article.

When cybit were last in shares the magazine had an accumalate recommendation on a very low price (.30 i think). However today there appears no explanation as to why that advice has now changed.

I donts agree that the shares recommendations are that bad (pursuit dynamics and celtic resources prove otherwise) but in this case the logic of the advice seems to have eluded everyone.

A lot of people follow shares recommendations and the shares move in the short term in the direction recommended.

But if the recommendations are not that sound, because they have missed something important which would have effected their reasoning, the same shares will then move in the opposite direction of the recommendation later on, because people like me will take the opportunity to take advantage of the price movement. I've been doing this for more than 20 years, and have loads of stories about shares on the SELL recommendation lists, which promptly dropped in price and then I have bought at rock bottom, only to watch them take off soon afterwards!

I think we just need to wait a little longer. I personally think 3.14p is the current value/fair mid price. But the next biggesh deal will push the price higher. Its unlikely to come before christmas though (IMHO).

Have noticed the spread increase towards the offer side today tho....

The thing is I have never heard a bad word said about Cybit on any of the BBs. Even the derampers just say "I'm not buying in until it falls to ...." I have never heard an arguement on why to avoid this share. Sorry I'm going on again.

little woman

You obviously know your stuff. I haven't been doing this long and have never bought in at the bottom or even bottomish. This share was recommended to me by a friend, who works in telematics industry, @ 01.50p and I took ages to go for it and subsequently got in much higher. If you know of any sub 1p shares then would you please let us all know on here? Don't mind tucking them in a drawer for a couple of years!!!

I tend to go for FTSE100 & 350 shares, but "dabble" in shares like CYH from time to time when I think I see an opportunity to make substancial amounts of money.

As long as the directors don't do anything stupid, this one has a great future.

chrisse,

I know you asked about sub 1p shares, but if you can manage 8/8.5p PXC is a very good bet (IMHO), it has good cash reserve and fixed costs agreed with Fibernet (who supply the cable/pipe) for the next 23 years!!! That is quite unique I think. PXC will never go up by 50% in a day, but it'll be a gradual move upwards for definite - take a look at the charts for GXN (its previous epic).

skids